Psalm 24-1 Foundation Inc
- Assets
- $448.7k
- Revenue
- $19.0k
- Investments
- $351.7k
- Employees
- 0
- Location
- Columbia City, IN
- Founding
- 03/2008
- Data as of
- 12/2022
- EIN
- 26-1480049
Organization Overview
Psalm 24-1 Foundation Inc is located in Columbia City, IN. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Psalm 24-1 Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Psalm 24-1 Foundation Inc generated $19.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $76.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Psalm 24-1 Foundation Inc has awarded 21 individual grants totaling $189,259. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary E Rohrs President | 1 | $0 | |
Euneice Rohrs Secretary/treasurer | 1 | $0 | |
Jennifer Wilson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,154 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,844 |
| Capital Gain Net Income | $9,844 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,998 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $900 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,286 |
| Total operating and administrative expenses | $5,478 |
| Contributions, gifts, grants paid | $71,000 |
| Total expenses and disbursements | $76,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,009 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $448,661 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Psalm 24-1 Foundation Inc has awarded $71,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
RESCUE MISSION PURPOSE: OPERATING ASSISTANCE | $10,000 |
MATTHEW 25 PURPOSE: OPERATING ASSISTANCE | $5,000 |
SALVATION ARMY PURPOSE: OPERATING SUPPORT | $4,000 |
WATER FOR GOOD PURPOSE: OPERATING SUPPORT | $10,000 |
VOICE OF THE MARTYRS PURPOSE: OPERATING SUPPORT | $15,000 |
LOVE CHURCH OF FORT WAYNE INC PURPOSE: OPERATING SUPPORT | $25,000 |