Anabaptist Financial
- Assets
- $712.0m
- Revenue
- $29.5m
- Investments
- $0.0
- Employees
- 37
- Location
- Lewisburg, PA
- Founding
- 03/2009
- Data as of
- 06/2023
- EIN
- 32-0158554
Organization Overview
Anabaptist Financial is located in Lewisburg, PA. The organization was established in 2009. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2023, Anabaptist Financial employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anabaptist Financial 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 06/2023, Anabaptist Financial generated $29.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $25.7m during the year ending 06/2023. While expenses have increased by 15.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ANABAPTIST FINANCIAL HAS BEEN ESTABLISHED TO ADVANCE CONSERVATIVE AMISH, MENNONITE, AND BRETHEN (ANABAPTIST) RELIGIOUS BELIEFS, CULTURAL TRADITIONS AND LIFESTYLES. ANABAPTIST FINANCIAL WAS CREATED TO GENERATE A SOURCE OF FUNDS FOR MAKING (CONTINUED)
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOAN PROGRAM: AF MAKES LOANS TO ANABAPTIST INDIVIDUALS, BUSINESSES, AND CHARITABLE ORGANIZATIONS. LOANS INCLUDE BUSINESS REAL ESTATE, BUSINESS OPERATING, AND HOME MORTGAGES. AS OF ITS CURRENT YEAR END, AF HAD 3,107 OUTSTANDING LOANS IN ITS LOAN PORTFOLIO, TOTALING LOAN RECEIVABLES OF $668,431,759 NET OF A LOAN LOSS RESERVE OF $1,907,433. THESE LOANS ASSIST ANABAPTISTS IN MAINTAINING THEIR RELIGIOUS BELIEFS AND CULTURAL LIFESTYLES.
GRANTS AND ASSISTANCE PROGRAM: AF MAKES LIMITED GRANTS TO OTHER CHARITABLE ORGANIZATIONS THAT ARE EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. DURING THE CURRENT YEAR, AF GAVE SUPPORT TO ONE ORGANIZATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul A Miller Executive Officer | Officer | 38 | $128,596 |
Tim Thomas Financial Officer | Officer | 40 | $126,396 |
Richie Lauer Foundation Officer | Officer | 0 | $0 |
Floyd Miller Operations Officer | Officer | 40 | $97,312 |
Merle Herr Business Resource Officer | Officer | 1 | $0 |
Dennis Martin Executive Administrator | Officer | 9 | $22,581 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Si-be Builder Llc Construction Servi | 6/29/21 | $178,662 |
Barley Snyder Llp Legal Services | 6/29/21 | $113,662 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $28,723,019 |
| Investment income | $390,872 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,455,239 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $275,000 |
| 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. | $374,885 |
| Compensation of current officers, directors, key employees. | $232,804 |
| Compensation to disqualified persons | $527 |
| Other salaries and wages | $1,363,024 |
| Pension plan accruals and contributions | $12,496 |
| Other employee benefits | $13,910 |
| Payroll taxes | $135,362 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,309 |
| Fees for services: Accounting | $39,387 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $220,144 |
| Advertising and promotion | $11,844 |
| Office expenses | $256,209 |
| Information technology | $214,102 |
| Royalties | $0 |
| Occupancy | $224,248 |
| Travel | $75,012 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,208 |
| Interest | $22,178,431 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,264 |
| Insurance | $0 |
| All other expenses | $137,578 |
| Total functional expenses | $25,699,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,391,003 |
| Savings and temporary cash investments | $9,162,370 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,830 |
| Loans from Officers, Directors, or Controlling Persons | $10,519,703 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $655,994,622 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,289,905 |
| Investments—publicly traded securities | $10,403,454 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,190,552 |
| Total assets | $711,959,439 |
| Accounts payable and accrued expenses | $131,658 |
| 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 | $690,777,587 |
| Total liabilities | $690,909,245 |
| Net assets without donor restrictions | $21,050,194 |
| 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 | $711,959,439 |
Grants Awarded
Over the last fiscal year, Anabaptist Financial has awarded $492,694 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
STEWARDSHIP RESOURCES PURPOSE: OPERATIONS | $142,000 |
ANABAPTIST FOUNDATION PURPOSE: DONATION | $350,694 |