Bel Air Church Endowment Fund
- Assets
- $1.4m
- Revenue
- $32.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 11/2002
- Data as of
- 06/2018
- EIN
- 30-0123042
Organization Overview
Bel Air Church Endowment Fund is located in Los Angeles, CA. The organization was established in 2002. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. Bel Air Church Endowment Fund 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 06/2018, Bel Air Church Endowment Fund generated $32.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $31.8k during the year ending 06/2018. While expenses have increased by 11.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
ENDOWMENT FUND TO ENCOURAGE CHRISTIAN GIVING FOR SPECIAL MINISTRY PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A SUPPORTING ORGANIZATION TO THE CHURCH, 60% OF THE RESIDENTIAL HOUSE OWNED BY US IS USED BY THE CHURCH AS A MANSE IN ITS HOUSING PROGRAM. PURSUANT TO A USE AGREEMENT BETWEEN THE CHURCH AND US, THE CHURCH OR THE SENIOR PASTOR WHO OCCUPIES THE HOUSE IS RESPONSIBLE FOR PAYMENT OF ALL PROPERTY TAXES AND INSURANCE ON THE PROPERTY.
AS A SUPPORTING ORGANIZATION OF BEL AIR PRESBYTERIAN CHURCH, INTEREST WAS EARNED ON LOANS MADE TO CERTAIN FULL-TIME EMPLOYEES OF THE CHURCH, PRIMARILY THE SENIOR PASTOR AND HIS SPOUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Elliott Trustee/secretary/cfo | OfficerTrustee | 1 | $0 |
Shirley Curfman Trustee/president | OfficerTrustee | 1 | $0 |
David Solitare Trustee | Trustee | 1 | $0 |
Geoffrey Sindon Trustee | Trustee | 1 | $0 |
Lucinda Hill Alden Trustee | Trustee | 1 | $0 |
Barry Glaser Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $19,992 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,584 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,576 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $35 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,224 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $31,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,466 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $570,764 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,398,953 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,382,100 |
| Net assets with donor restrictions | $2,978 |
| Capital stock or trust principal, or current funds | $13,875 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,398,953 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bel Air Church Endowment Fund has recieved totaling $366,000.
| Awarding Organization | Amount |
|---|---|
California Community Foundation Los Angeles, CA PURPOSE: RELIGION | $366,000 |
Endowment Analysis
| Beg. Balance | $52,577 |
| Earnings | $2,489 |
| Other Expense | $41,191 |
| Ending Balance | $13,875 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bethel Music Redding, CA | $17,020,388 | $17,178,099 |
Stewardship Endowment Fund Scottsdale, AZ | $47,139,512 | $6,876,380 |
Conference Claimants Endowment Bd California Ann Conf Methodist Ch Stockton, CA | $134,531,224 | $10,421,570 |
Bethel Media Redding, CA | $2,416,750 | $3,101,104 |
Legacy For The Kingdom Phoenix, AZ | $44,613,062 | $3,223,185 |
Catholic Community Foundation Of San Diego San Diego, CA | $89,259,750 | $4,327,946 |
Secrets Unsealed Fresno, CA | $5,504,604 | $3,996,381 |
A P Reilly Foundation Santa Monica, CA | $46,201,571 | $194,000 |
The Olympic Club Foundation San Francisco, CA | $6,547,843 | $1,319,679 |
Arizona District Council Of The Assemblies Of God Kingdom Legacy F Phoenix, AZ | $5,638,218 | $1,044,440 |
Speranza Foundation Mesa, AZ | $5,337,179 | $4,707,152 |
Faiz-E-Husaini America Calabasas, CA | $1,238,917 | $1,035,173 |