Barnabas Foundation
- Assets
- $428.1m
- Revenue
- $83.3m
- Investments
- $18.7m
- Employees
- 32
- Location
- Crete, IL
- Founding
- 06/2019
- Data as of
- 12/2017
- EIN
- 36-2904503
Organization Overview
Barnabas Foundation is located in Crete, IL. The organization was established in 2019. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Barnabas Foundation employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barnabas 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 12/2017, Barnabas Foundation generated $83.3m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $67.4m during the year ending 12/2017. While expenses have increased by 13.4% per year over the past 3 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE GOD-GLORIFYING STEWARDSHIP, BASED ON BIBLICAL PRINCIPLES, OF MATERIAL RESOURCES AMONG CHRISTIANS WHO ACTIVELY SUPPORT BARNABAS FOUNDATION MEMBER CHURCH AND MINISTRY ORGANIZATIONS.
Describe the Organization's Program Activity:
BARNABAS FOUNDATION SERVES AS A COMMUNITY FOUNDATION FOR ITS 200 CHRISTIAN CHURCH AND MINISTRY MEMBER ORGANIZATIONS AND PROVIDES FINANCIAL SUPPORT TO CHRISTIAN REFORMED CHURCHES, THEIR AGENCIES AND MANY OTHER MINISTRIES THAT FURTHER THE KINGDOM OF JESUS CHRIST. GRANTS OF OVER 60 MILLION DOLLARS WERE EITHER DISTRIBUTED OR ACCRUED FOR FUTURE DISTRIBUTION TO THE FOLLOWING TYPES OF CHARITABLE ORGANIZATIONS: 45% SUPPORTED CHRISTIAN OR SECULAR EDUCATIONAL INSTITUTIONS, 32% SUPPORTED CHRISTIAN MISSIONS, EVANGELISM AND CHURCHES, 7% SUPPORTED HUMAN SERVICE AND RELIEF ORGANIZATIONS, 3% SUPPORTED ORGANIZATIONS PROVIDING HOUSING OR SHELTER, 3% SUPPORTED HEALTHCARE ORGANIZATIONS, 2% SUPPORTED ENVIRONMENTAL ORGANIZATIONS AND 8% SUPPORTED OTHER RELIGIOUS OR SECULAR CHARITIES. OF THE 60 MILLION DOLLARS DISTRIBUTED OR DESIGNATED FOR DISTRIBUTION, 45 MILLION CAME FROM DONOR-ADVISED FUND ACCOUNTS OR DONOR RESTRICTED FUND ACCOUNTS, 14 MILLION FROM DONOR BEQUESTS AT DEATH AND ONE-HALF MILLION FROM MATURED LIFE INCOME AGREEMENTS. FUNDS RECEIVED BY THE FOUNDATION ARE ADMINISTERED AND INVESTED UNTIL GRANTS ARE APPROVED TO MEMBER CHURCH AND MINISTRY ORGANIZATIONS, AS WELL AS TO NON-MEMBER CHURCHES AND OTHER 501(C)(3) PUBLIC CHARITIES AFTER CAREFUL REVIEW OF THEIR TAX EXEMPT STATUS, MISSION, PURPOSE AND PRACTICES.
BARNABAS FOUNDATION SERVES ITS CHRISTIAN MEMBER ORGANIZATIONS WITH A COMPREHENSIVE PLANNED GIVING PROGRAM THAT INCLUDES EDUCATION AND TRAINING, CHARITABLE GIFT MARKETING AND MESSAGING GUIDANCE, CHARITABLE GIFT PLANNING MEETINGS WITH MEMBER SUPPORTERS, CHARITABLE GIFT ANNUITY ISSUANCE AND ADMINISTRATION, MANAGEMENT OF CHARITY ENDOWMENT FUND ASSETS AND PROPER CHARITABLE GIFT ACCEPTANCE AND REPORTING. THROUGH MEMBER AFFILIATION WITH BARNABAS FOUNDATION, CHURCH AND MINISTRY ORGANIZATIONS HAVE ACCESS TO A PLANNED GIVING PROGRAM AND THE EXPERTISE REQUIRED TO MAINTAIN IT AT A FRACTION OF THE COST IT WOULD TAKE TO DEVELOP ON THEIR OWN. BY PARTICIPATING WITH OTHER CHURCH AND MINISTRY MEMBERS AND SHARING IN THE COSTS OF THE FOUNDATION, THE MEMBERS CAN DEDICATE MORE OF THEIR RESOURCES TOWARD THE FULFILLMENT OF THEIR MISSION.
BARNABAS FOUNDATION PROVIDES EDUCATION AND TRAINING FOR CHURCHES TO ENCOURAGE THEIR CONGREGATION MEMBERS TO BE FAITHFUL TO GOD WITH THEIR FINANCES. THE PURPOSE OF THE EDUCATION IS TO HELP INDIVIDUALS TO BE WISE STEWARDS OF GOD-GIVEN RESOURCES SO THEY CAN EXPERIENCE THE PEACE AND JOY THAT COMES FROM LIVING A GENEROUS LIFE. IN 2017 THE ORGANIZATION PROVIDED EDUCATIONAL RESOURCES AND TRAINING TO OVER 750 CHURCHES AND ITS OTHER MEMBER ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Bakke Executive Director | Officer | 40 | $165,456 |
Amy Baty Director Of Planned Giving | 40 | $123,877 | |
Kurtis Knoll Director Of Invest. Services | 40 | $119,610 | |
David Schutt Director Of Finance | Officer | 40 | $118,943 |
Bryan Miesel Director Of Member Svcs (thru 09/17) | 40 | $112,432 | |
Steven Baker Charitable Gift Planner | 40 | $110,702 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neuberger Berman Investment Management | 12/30/17 | $276,153 |
Stellar Technology Solutions Software Services | 12/30/17 | $199,846 |
Nepc Llc Investment Consultant | 12/30/17 | $160,333 |
Artisan Partners Funds Investment Management | 12/30/17 | $196,192 |
Standard Life Investment Management | 12/30/17 | $142,787 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $948,764 |
| Fundraising events | $0 |
| Related organizations | $11,747,750 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,899,833 |
| Noncash contributions included in lines 1a–1f | $40,591,372 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,596,347 |
| Total Program Service Revenue | $844,279 |
| Investment income | $4,141,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,052,985 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,271,055 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,668,029 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $85,750 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $486,035 |
| Compensation of current officers, directors, key employees. | $291,464 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,355,002 |
| Pension plan accruals and contributions | $79,353 |
| Other employee benefits | $125,575 |
| Payroll taxes | $126,537 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,231 |
| Fees for services: Accounting | $32,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,226,683 |
| Fees for services: Other | $130,933 |
| Advertising and promotion | $103,442 |
| Office expenses | $82,317 |
| Information technology | $275,473 |
| Royalties | $0 |
| Occupancy | $107,644 |
| Travel | $129,100 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,297 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,964 |
| Insurance | $34,959 |
| All other expenses | $0 |
| Total functional expenses | $67,443,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,613,839 |
| Pledges and grants receivable | $10,596 |
| 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 | $68,204 |
| Net Land, buildings, and equipment | $566,155 |
| Investments—publicly traded securities | $209,933,960 |
| Investments—other securities | $18,695,971 |
| Investments—program-related | $11,969,479 |
| Intangible assets | $0 |
| Other assets | $155,224,089 |
| Total assets | $428,082,293 |
| Accounts payable and accrued expenses | $85,660 |
| Grants payable | $41,486,983 |
| Deferred revenue | $37,850 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $84,782,617 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $4,000,000 |
| Other liabilities | $72,226,426 |
| Total liabilities | $202,619,536 |
| Unrestricted restricted net Assets | $202,737,444 |
| Temporarily restricted net Assets | $15,186,671 |
| Permanently restricted net Assets or current funds | $7,538,642 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $225,462,757 |
Grants Awarded
Over the last fiscal year, Barnabas Foundation has awarded $57,702,526 in support to 726 organizations.
| Grant Recipient | Amount |
|---|---|
Byron Center, MI PURPOSE: General Support | $3,515,927 |
Escondido, CA PURPOSE: General Support | $3,130,100 |
Dyer, IN PURPOSE: General Support | $2,976,432 |
Grand Rapids, MI PURPOSE: General Support | $2,857,880 |
Sioux Center, IA PURPOSE: General Support | $1,950,500 |
Crestwood, IL PURPOSE: General Support | $1,606,757 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Barnabas Foundation has recieved totaling $120,000.
| Awarding Organization | Amount |
|---|---|
The Bos Family Foundation Demotte, IN PURPOSE: EUTS FUND - GENERAL EXPENSES | $120,000 |
Endowment Analysis
| Beg. Balance | $7,346,548 |
| Earnings | $1,054,819 |
| Grants | $300,000 |
| Ending Balance | $8,101,367 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Intervarsity Christian Fellowship- Usa Madison, WI | $66,466,714 | $104,436,067 |
Barnabas Foundation Crete, IL | $428,082,293 | $83,271,055 |
Answers In Genesis Inc Petersburg, KY | $94,175,549 | $47,216,237 |
Ministry Health Care Inc St Louis, MO | $291,511,056 | $25,156,032 |
Good News Publishers Wheaton, IL | $44,141,237 | $30,597,185 |
Awana Clubs International St Charles, IL | $16,214,341 | $23,700,094 |
Mission Pre-Born Inc Indianapolis, IN | $6,569,199 | $16,394,673 |
Bill Winston Ministries Forest Park, IL | $6,676,875 | $15,498,938 |
Breakthrough Urban Ministries Inc Chicago, IL | $9,536,563 | $12,933,979 |
Haven Of Our Lady Of Peace Inc St Louis, MO | $8,612,583 | $10,375,484 |
Christian Buehler Memorial Peoria, IL | $194,168,877 | $24,390,628 |
American Lutheran Church-Northland Luthern Services For The Elderly Marinette, WI | $6,079,717 | $8,121,825 |