Anabaptist Financial
- Assets
- $625.9m
- Revenue
- $18.5m
- Investments
- $0.0
- Employees
- 31
- Location
- Lewisburg, PA
- Founding
- 03/2009
- Data as of
- 06/2022
- 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 06/2022, Anabaptist Financial employed 31 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 06/2022, Anabaptist Financial generated $18.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $15.3m during the year ending 06/2022. While expenses have increased by 9.0% 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
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 2,813 OUTSTANDING LOANS IN ITS LOAN PORTFOLIO, TOTALING LOAN RECEIVABLES OF $578,064,610 NET OF A LOAN LOSS RESERVE OF $1,779,855. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Thomas Financial Officer | Officer | 40 | $107,791 |
Paul A Miller Executive Officer | Officer | 38 | $101,541 |
Floyd Miller Operations Officer | Officer | 40 | $85,062 |
Dennis Martin Executive Administrator | Officer | 9 | $21,571 |
Tim R Stoltzfus Senior Operations | Officer | 7 | $17,532 |
Merle Herr Business Resource Officer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Barley Snyder Llp Legal Services | 6/29/21 | $113,662 |
Si-be Builder Llc Construction Servi | 6/29/21 | $178,662 |
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 | $18,216,740 |
| Investment income | $86,900 |
| 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 | $18,548,671 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $162,000 |
| 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. | $368,251 |
| Compensation of current officers, directors, key employees. | $226,791 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,027,631 |
| Pension plan accruals and contributions | $14,490 |
| Other employee benefits | $8,919 |
| Payroll taxes | $108,495 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,695 |
| Fees for services: Accounting | $35,441 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $262,162 |
| Advertising and promotion | $9,467 |
| Office expenses | $151,051 |
| Information technology | $159,573 |
| Royalties | $0 |
| Occupancy | $126,678 |
| Travel | $44,228 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,106 |
| Interest | $12,529,006 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,830 |
| Insurance | $0 |
| All other expenses | $108,124 |
| Total functional expenses | $15,273,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,170,535 |
| Savings and temporary cash investments | $23,857,784 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,900 |
| Loans from Officers, Directors, or Controlling Persons | $4,899,843 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $571,384,912 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,361,866 |
| Investments—publicly traded securities | $10,377,977 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,848,624 |
| Total assets | $625,930,441 |
| Accounts payable and accrued expenses | $79,897 |
| 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 | $608,555,649 |
| Total liabilities | $608,635,546 |
| Net assets without donor restrictions | $17,294,895 |
| 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 | $625,930,441 |
Grants Awarded
Over the last fiscal year, Anabaptist Financial has awarded $492,694 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lewisburg, PA PURPOSE: DONATION | $350,694 |
Lewisburg, PA PURPOSE: OPERATIONS | $142,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pheaa Student Loan Foundation Inc Harrisburg, PA | $2,204,662,034 | $55,394,256 |
Opportunity Finance Network Philadelphia, PA | $225,364,675 | $52,021,160 |
Anabaptist Financial Lewisburg, PA | $625,930,441 | $18,548,671 |
Sharefax Credit Union Inc Cincinnati, OH | $476,733,976 | $17,127,744 |
0053 Ih Credit Union Springfield, OH | $344,796,959 | $14,795,069 |
544 C E S Credit Union Inc Mount Vernon, OH | $208,699,156 | $7,355,905 |
Friends Fiduciary Corporation Philadelphia, PA | $693,443,242 | $5,444,683 |
Provident Loan Society Of New York New York, NY | $16,413,058 | $4,285,682 |
1087 Millstream Area Credit Union Inc Findlay, OH | $59,199,918 | $3,448,457 |
True Access Capital Corporation Wilmington, DE | $20,176,608 | $8,295,807 |
Christian Family Credit Union Inc Milford, OH | $92,848,088 | $2,695,170 |
West Liberty University Foundation Inc West Liberty, WV | $23,210,678 | $4,184,811 |