Vessel Christian Foundation Inc
- Assets
- $751.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Forks, ND
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 32-0061088
Organization Overview
Vessel Christian Foundation Inc is located in Grand Forks, ND. The organization was established in 2003. 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. Vessel Christian 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTS REGIONAL CHRISTIAN ORGANIZATIONS FULFILL THEIR STATED MISSION BY PROVIDING RESOURCES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlie Vein Chairman | 1 | $0 | |
Scott Hulst Sec/treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $20,982 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $21,682 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $21,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,075 |
| 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 | $749,811 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $751,886 |
| 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, Vessel Christian Foundation Inc has awarded $1,055,263 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Colorado Springs, CO PURPOSE: TRANSFER OF FUNDS | $953,262 |
RIVER OF LIFE CHURCH PURPOSE: OPERATING | $83,000 |
Grand Forks, ND PURPOSE: TRANSFER OF FUNDS | $19,001 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montana Healthcare Foundation Bozeman, MT | $211,845,474 | $27,605,227 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
Hugh J Andersen Foundation Bayport, MN | $156,260,583 | $11,255,430 |
Xcel Energy Foundation Minneapolis, MN | $11,307,736 | $67,424 |
Patrick & Aimee Butler Family Foundation St Paul, MN | $109,951,624 | $8,639,825 |
Bcbsm Foundation Inc St Paul, MN | $78,373,762 | $6,512,413 |
Guilder Foundation Minneapolis, MN | $118,202,897 | $10,919,444 |
Hrk Foundation St Paul, MN | $34,778,924 | $4,216,613 |
Bruno And Evelyne Betti Foundation Billings, MT | $0 | $451,341 |
Robina Foundation Minneapolis, MN | $0 | -$1,109,108 |
Harry & Jan Sweere Foundation Lakeville, MN | $78,780,881 | $4,972,499 |
Jerome Foundation Inc Saint Paul, MN | $114,397,999 | $13,691,768 |