Everence Association Inc
- Assets
- $392.0m
- Revenue
- $76.7m
- Investments
- $0.0
- Employees
- 41
- Location
- Goshen, IN
- Founding
- 10/1967
- Data as of
- 12/2022
- EIN
- 35-6059333
Organization Overview
Everence Association Inc is located in Goshen, IN. The organization was established in 1967. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Everence Association Inc employed 41 individuals. This organization is the central organization for a national or regional group of organizations. Everence Association Inc is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2022, Everence Association Inc generated $76.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $79.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Everence Association Inc has awarded 44 individual grants totaling $3,077,156. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EVERENCE ASSOCIATION INC HELPS PEOPLE AND GROUPS INTEGRATE THEIR FINANCES WITH THEIR FAITH VALUES THROUGH ITS INSURANCE AND FINANCIAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVERENCE ASSOCIATION INC HELPS INDIVIDUALS, ORGANIZATIONS, AND CONGREGATIONS INTEGRATE FINANCES WITH FAITH THROUGH A NATIONAL TEAM OF CONSULTANTS AND REPRESENTATIVES. EVERENCE OFFERS LIFE, ANNUITY, ACCIDENT, AND HEALTH INSURANCE COVERAGE TO MEMBERS OF THE MENNONITE CHURCH AND RELATED ANABAPTIST INSTITUTIONS. CONTINUED BELOW.
WE CONTINUE TO ENHANCE CURRENT FRATERNAL GRANT PROGRAMS AND THEIR USAGE IN THE CONSTITUENCY. IN 2022, 1,582 GRANTS WERE PROVIDED. WE CONTINUE BUILDING A SUPPORT SYSTEM OF TRAINING, PROVIDING RESOURCES FOR, AND ENGAGING ACTIVE ADVOCATES (VOLUNTEERS). THERE WERE 1,122 ADVOCATES SERVING IN 2022. CONTINUED BELOW.
WE WORK TO ENCOURAGE STEWARDSHIP IN THE EVERENCE ASSOCIATION INC CONSTITUENCY. STEWARDSHIP EDUCATION INCLUDES STEWARDSHIP UNIVERSITY, SPEAKERS FOR WORKSHOPS AND RETREATS, AND EDUCATIONAL RESOURCES. IN 2022, THERE WERE 590 CHURCHES USING EDUCATIONAL MATERIALS OR SEMINARS.
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 |
|---|---|---|---|
Kenneth D Hochstetler President | Officer | 10 | $0 |
Jay Kready Financial Consultant | 0 | $0 | |
Amanda Rock Financial Consultant | 0 | $0 | |
Glen Kauffman Financial Consultant | 0 | $0 | |
Rodney D Diller Vice President | Officer | 20 | $0 |
Craig Foor Financial Consultant | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lancaster General Hospital Health Services | 12/30/22 | $1,060,919 |
Goshen Hospital Association Health Services | 12/30/22 | $884,351 |
Grand View Hospital Health Services | 12/30/22 | $929,449 |
Sentara Rmh Medical Center Health Services | 12/30/22 | $519,921 |
Elkhart General Hospital Inc Health Services | 12/30/22 | $357,987 |
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 | $1,214,646 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,214,646 |
| Total Program Service Revenue | $75,656,595 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$151,575 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $76,719,666 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,752,314 |
| Grants and other assistance to domestic individuals. | $781,713 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $54,615,233 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $109,900 |
| Other salaries and wages | $5,847,929 |
| Pension plan accruals and contributions | $1,152,776 |
| Other employee benefits | $130,948 |
| Payroll taxes | $412,598 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,120 |
| Fees for services: Accounting | $117,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $947,704 |
| Fees for services: Other | $7,774,976 |
| Advertising and promotion | $206,460 |
| Office expenses | $1,226,899 |
| Information technology | $1,540,012 |
| Royalties | $0 |
| Occupancy | $449,896 |
| Travel | $517,327 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $257,846 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,104,950 |
| Insurance | $105,028 |
| All other expenses | $0 |
| Total functional expenses | $79,226,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,560,271 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,083 |
| 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 | $46,917 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $281,936,184 |
| Investments—other securities | $0 |
| Investments—program-related | $96,506,569 |
| Intangible assets | $0 |
| Other assets | $2,972,128 |
| Total assets | $392,025,152 |
| Accounts payable and accrued expenses | $2,749,606 |
| Grants payable | $0 |
| Deferred revenue | $1,536,686 |
| 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 | $278,908,797 |
| Total liabilities | $283,195,089 |
| Net assets without donor restrictions | $0 |
| 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 | $108,830,063 |
| Total liabilities and net assets/fund balances | $392,025,152 |
Grants Awarded
Over the last fiscal year, Everence Association Inc has awarded $343,204 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MENNONITE CENTRAL COMMITTEE PURPOSE: GRANTS & SPONSORSHIP | $13,700 |
MENNONITE CHURCH USA PURPOSE: GRANTS & SPONSORSHIP | $264,504 |
MENNONITE WORLD CONFERENCE PURPOSE: GRANTS & SPONSORSHIP | $30,000 |
CENTER FOR HEALING AND HOPE PURPOSE: GRANTS & SPONSORSHIP | $20,000 |
MENNONITE HEALTH SERVICES PURPOSE: GRANTS & SPONSORSHIP | $15,000 |