Church Of Saviour Foundation
- Assets
- $12.6m
- Revenue
- $632.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 10/1958
- Data as of
- 12/2022
- EIN
- 34-6521549
Organization Overview
Church Of Saviour Foundation is located in Cleveland, OH. The organization was established in 1958. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Church Of Saviour 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, Church Of Saviour Foundation generated $632.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $477.6k during the year ending 12/2022. While expenses have increased by 6.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHURCH OF THE SAVIOUR FOUNDATION PROVIDES PERMANENT SUPPORT TO CHURCH OF THE SAVIOUR BY UNDERWRITING MAJOR MAINTENANCE OF THE CHURCH'S GRAND FACILITIES, PROVIDING START-UP FUNDS FOR NEW MINISTRY INITIATIVES AND CHURCH PROGRAMS, AND SUPPORTING LOCAL AND WORLDWIDE MISSION WORK. PROPERTY OF THE CHURCH OF THE SAVIOUR FOUNDATION SHALL BE USED SOLELY AND EXCLUSIVELY FOR THE BENEFIT OF CHURCH OF THE SAVIOUR, UNITED METHODIST, OR ITS SUCCESSOR, AND THE CONDUCT, MAINTENANCE, PROMOTION, DEVELOPMENT OF SUPPORT OF ANY EXCLUSIVELY PUBLIC RELIGIOUS, CHARITABLE OR EDUCATIONAL WORKS OR ACTIVITIES IN WHICH SAID CHURCH NOW IS, OR MAY HEREAFTER BE ENGAGED, EITHER DIRECTLY OR INDIRECTLY, ALONE OR IN CONJUCTION WITH ONE OR MORE OTHER INSTITUTIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR PUBLIC RELIGIOUS, CHARITABLE OR EDUCTIONAL PURPOSES, PROVIDED NO PART OF THE NET EARNINGS OF SUCH OTHER INSTITUIONS INURE TO THE BENEFIT OF ANY PRIVATE SHAREHOLDER OR INDIVIDUAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2019, THE CHURCH OF THE SAVIOUR FOUNDATION DISTRIBUTED 402,742 IN GRANTS TO FUND CAPITAL IMPROVEMENTS AND NEW MINISTRY OPPORTUNITIES AND CELEBRATED THE CONTRIBUTION OF LEGACY GIFTS TO SPECIFIC MINISTRIES. HERE ARE A FEW EXAMPLES: - IN AN EFFORT TO MAKE THE CHURCH MORE WELCOMING, NEW WAYFINDING SIGNAGE WAS INSTALLED THROUGHOUT THE BUILDING. - OUTREACH WAS EXPANDED BY FUNDING A FREE SUMMER FEST(IVAL) FOR FAMILIES AND INDIVIDUALS WHO LIVE WITHIN THE NEIGHBORHOOD. - MATERIALS WERE PURCHASED FOR THE PARENT RESOURCE CENTER. - NEW VESTMENTS AND PARAMENTS WERE PURCHASED FOR THE CLERGY. - PARLOR ROOF WAS REPLACED, TUCK POINTING CONTINUED AND THE PARKING LOT WAS REPAIRED. - THE FOUNDATION CONTINUES TO LEAD THE WAY IN DEBT REDUCTION, KEEPING THE CHURCH SUSTAINABLE WHILE LOOKING TOWARD THE FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrienne Mundorf Chair | OfficerTrustee | 2 | $0 |
Sandra Kiely Kolb Secretary/tr | Officer | 2 | $0 |
Cathy Belk Trustee | Trustee | 1 | $0 |
Rev Andy Call Trustee | Trustee | 1 | $0 |
Valenta Ward-Gravely Trustee | Trustee | 1 | $0 |
Timothy Persons 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 | $51,022 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,022 |
| Total Program Service Revenue | $0 |
| Investment income | $581,119 |
| 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 | $632,141 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $407,103 |
| Grants and other assistance to domestic individuals. | $15,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $5,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,364 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,022 |
| Office expenses | $2,246 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $600 |
| Total functional expenses | $477,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,890 |
| Savings and temporary cash investments | $64,111 |
| 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 | $12,486,544 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,610,545 |
| 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 | $8,721,404 |
| Net assets with donor restrictions | $3,889,141 |
| 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 | $12,610,545 |
Endowment Analysis
| Beg. Balance | $3,010,828 |
| Earnings | -$439,756 |
| Admin Expense | $8,572 |
| Net Contributions | $6,220 |
| Grants | $83,852 |
| Ending Balance | $2,484,868 |
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