In His Steps Foundation
- Assets
- $51.8m
- Revenue
- $16.8m
- Investments
- $0.0
- Employees
- 3
- Location
- Independence, OH
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 31-1512682
Organization Overview
In His Steps Foundation is located in Independence, OH. The organization was established in 2000. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, In His Steps Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. In His Steps Foundation 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, In His Steps Foundation generated $16.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $9.9m during the year ending 12/2022. While expenses have increased by 7.8% per year over the past 8 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.
Since 2014, In His Steps Foundation has awarded 1,310 individual grants totaling $43,660,033. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE AND TEACH CHRISTLIKE STEWARDSHIP WHICH BECOMES THE BASIS FOR PERSONAL GIVING AND ESTATE PLANNING; TO ALSO PROVIDE A PRUDENTLY MANAGED REPOSITORY FOR CAPITAL, INVESTED FOR THE PURPOSE OF DISTRIBUTION TO MINISTRIES PROCLAIMING THE GOSPEL OF JESUS CHRIST AND FOR OTHER CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
HELP PEOPLE DISCOVER GODS PLAN OF STEWARDSHIP FOR THEIR WEALTH AND IMPLEMENT THAT PLAN THROUGH UTILIZING ALL THE BENEFITS OF A LOW-COST PUBLIC FOUNDATION DEDICATED TO HELPING OTHER MINISTRIES. HELP FAMILIES START AND USE A FAMILY FOUNDATION FUND FOR CHRISTIAN PHILANTHROPY. HELP CHURCHES AND MINISTRIES START AND GROW AN ENDOWMENT FOR THEIR FUTURE STABILITY. GROW OUR INVESTMENTS USING CAREFULLY SELECTED PROFESSIONAL FINANCIAL ADVISORS SUPERVISED BY THE INVESTMENT COMMITTEE. ANNUALLY MAKE GRANTS FROM OUR GENERAL FUND TO CAREFULLY SELECTED N.E. OHIO CHRISTIAN MINISTRIES. EQUIP GODS PEOPLE IN BIBLICAL STEWARDSHIP THROUGH TEACHING, PUBLIC MEETINGS AND PRIVATE COUNSELING. OFFER AND ADMINISTER PLANNED FUTURE GIFTS THAT PROVIDE CURRENT TAX-WISE BENEFITS TO DONORS. PARTNER WITH LIKE-MINDED LEGAL, FINANCIAL AND ESTATE PLANNING PROFESSIONALS TO ADVOCATE A BIBLICAL MODEL OF STEWARDSHIP. PARTICIPATE WITH THE NATIONAL CENTER FOR CHRISTIAN FOUNDATIONS, AND OTHER COLLABORATIVE RESOURCES FOR MUTUAL ENRICHMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Lee President | Officer | 40 | $131,625 |
Carolyn Beckett Secretary | OfficerTrustee | 1 | $0 |
Robert Davis Trustee | Trustee | 1 | $0 |
John Duross Treasurer | OfficerTrustee | 1 | $0 |
Tim Geisse Trustee | Trustee | 1 | $0 |
Jerry Petek Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,156,332 |
| Noncash contributions included in lines 1a–1f | $8,313,920 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,156,332 |
| Total Program Service Revenue | $370,622 |
| Investment income | $1,002,695 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $617 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$815,566 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,754,413 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,651,604 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $150,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $157,713 |
| Compensation of current officers, directors, key employees. | $28,386 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,966 |
| Pension plan accruals and contributions | $2,446 |
| Other employee benefits | $4,639 |
| Payroll taxes | $45,967 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,182 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $663,176 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,535 |
| Office expenses | $6,141 |
| Information technology | $26,962 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,978 |
| 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 | $631 |
| Insurance | $1,841 |
| All other expenses | $7,689 |
| Total functional expenses | $9,868,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $762,133 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,241 |
| 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 | $425 |
| Net Land, buildings, and equipment | $1,734 |
| Investments—publicly traded securities | $48,364,829 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,662,589 |
| Total assets | $51,823,951 |
| 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 | $5,400,721 |
| Total liabilities | $5,400,721 |
| Net assets without donor restrictions | $46,423,230 |
| Net assets with donor restrictions | $0 |
| 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 | $51,823,951 |
Grants Awarded
Over the last fiscal year, In His Steps Foundation has awarded $5,282,833 in support to 97 organizations.
| Grant Recipient | Amount |
|---|---|
ADVENT EPISCOPAL CHURCH PURPOSE: GENERAL SUPPORT | $26,000 |
AGAPE CHRISTIAN ACADEMY PURPOSE: GENERAL SUPPORT | $15,420 |
AKRON PREGNANCY SERVICES PURPOSE: GENERAL SUPPORT | $6,000 |
ALPHA USA PURPOSE: GENERAL SUPPORT | $10,500 |
ASBURY CHAPEL UNITED METHODIST CHUR PURPOSE: GENERAL SUPPORT | $15,000 |
AMBASSADORS FOOTBALL PURPOSE: GENERAL SUPPORT | $918,442 |