Episcopal Preaching Foundation Inc
- Assets
- $3.0m
- Revenue
- $730.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Springfield, NJ
- Founding
- 01/1984
- Data as of
- 06/2022
- EIN
- 31-1076110
Organization Overview
Episcopal Preaching Foundation Inc is located in Springfield, NJ. The organization was established in 1984. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Episcopal Preaching Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Episcopal Preaching 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 06/2022, Episcopal Preaching Foundation Inc generated $730.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $483.7k during the year ending 06/2022. While expenses have increased by 3.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION EXISTS TO PROMOTE AND SUPPORT PREACHING IN THE EPISCOPAL CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PREACHING EXCELLENCE PROGRAM ("PEP") FOR SEMINARIANS. EACH YEAR THE ORGANIZATION HOSTS 50 PROMISING PREACHING STUDENTS NOMINATED BY THE DEANS OF EPISCOPAL SEMINARIES, LOCAL FORMATION PROGRAMS, AND ANGLICAN SEMINARIES IN CANADA, TO A ONE-WEEK RESIDENTIAL CONFERENCE WITH A SINGLE- MINDED FOCUS ON PREACHING. THE ORGANIZATION UNDERWRITES 80% OF THE COST, WITH THE BALANCE FUNDED BY THE STUDENT, HIS/HER SCHOOL AND THE DIOCESE. THE ORGANIZATION'S FOCUS ON PREACHING REFLECTS THE IMPORTANCE OF GOOD PREACHING TO THE VITALITY OF THE CHURCH. PREACHING IS CITED REPEATEDLY IN NATIONAL SURVEYS (GALLUP, 2017 AND PEW RESEARCH CENTER, 2016) TO BE THE LEADING FACTOR IN CHOOSING A PLACE OF WORSHIP AND ATTENDING SERVICES.
THE LAY PREACHER TRAINING INITIATIVE (LPTI), FUNDED BY A THREE-YEAR GRANT FROM TRINITY CHURCH WALL STREET (2021-2023). A TWO-YEAR TRAINING PROGRAM FOR LAY PREACHERS, CURRENTLY PILOT TESTING IN SIX EPISCOPAL DIOCESES WITH 36 ACTIVE LAY PREACHER CANDIDATES. THE PROGRAM DRAWS ON THE ORGANIZATION'S SELF-STUDY HOMILETICS (PREACHING) CURRICULUM DEVELOPED IN 2020 IN PARTNERSHIP WITH SEMINARY OF THE SOUTHWEST'S IONA COLLABORATIVE, COMBINED WITH THE ORGANIZATION'S FACULTY LEADERSHIP.
ONLINE PREACHING CONFERENCES: A COVID-INDUCED SHIFT TO ONLINE CONFERENCE DELIVERY HAS TO LED TO A LONGER-TERM MIGRATION OF SELECTED ORGANIZATION'S PREACHING CONFERENCES TO ZOOM FORMAT, THEREBY INCREASING ACCESSIBILITY TO TIME-CHALLENGED CLERGY. IN FISCAL YEAR 2021/22, ONLINE PREACHING CONFERENCES WERE PRODUCED FOR" PEP-11; THE ORGANIZATION'S NATIONAL PREACHING CONFERENCE FOR ORDAINED CLERY; THE DEACONS OF PROVINCE VIII; AND TEH DIOCESE OF WASHINGTON, DC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Wild Executive Di | Trustee | 35 | $80,000 |
Rev Charles Cesaretti President | Trustee | 0.25 | $0 |
Carl Anderson Secretary | Trustee | 0.25 | $0 |
Patrick Getlein Director | Trustee | 0.25 | $0 |
Rev Nathan Kirkpatrick Director | Trustee | 0.25 | $0 |
Rev James Turrell PHD Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $547,125 |
| Noncash contributions included in lines 1a–1f | $48,171 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $572,825 |
| Total Program Service Revenue | $0 |
| Investment income | $15,827 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $107,110 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $730,863 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,595 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,000 |
| Compensation of current officers, directors, key employees. | $7,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,102 |
| 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 | $7,428 |
| 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 | $47,419 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $52,789 |
| Total functional expenses | $483,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $557,329 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,467,331 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,024,660 |
| 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 | $519,256 |
| Net assets with donor restrictions | $2,505,404 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,024,660 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Episcopal Preaching Foundation Inc has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
F M Kirby Foundation Inc Morristown, NJ PURPOSE: IN SUPPORT OF 501C3 PURPOSE | $25,000 |
The Shilling Family Foundation Incorporated Springfield, NJ PURPOSE: RELIGIOUS AND/OR EDUCATIONAL | $20,000 |
Endowment Analysis
| Beg. Balance | $2,217,391 |
| Earnings | $148,013 |
| Net Contributions | $140,000 |
| Ending Balance | $2,505,403 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kolel Torah Inc Brooklyn, NY | $234,559 | $10,096,931 |
Christian Union Inc Princeton, NJ | $13,074,575 | $9,787,161 |
Eretz Hachaim Us Inc Brooklyn, NY | $7,972,379 | $9,030,705 |
Norman E Alexander Family S Foundation Inc New York, NY | $92,718,623 | $22,235,113 |
Strength Of Israel Inc Lawrence, NY | $1,436,056 | $5,202,580 |
Kupas Yom Tov Inc Lakewood, NJ | $35,904 | $3,631,675 |
Norman E Alexander Family M Foundation Inc New York, NY | $80,702,389 | $17,666,816 |
Norman E Alexander Family G Foundation Inc New York, NY | $74,799,909 | $16,778,157 |
Episcopal Charities Of The Diocese Of New York New York, NY | $4,370,956 | $2,900,488 |
Mosdos Rabbainu Nachum Meshadyk Brooklyn, NY | $3,226,330 | $4,187,685 |
Emet Veshalom Brooklyn, NY | $8,411 | $1,783,747 |
Daat Center Inc Brooklyn, NY | $444,170 | $1,892,675 |