Word Investments Inc
- Assets
- $6.7m
- Revenue
- $577.7k
- Investments
- $2.1m
- Employees
- 0
- Location
- Ada, MI
- Founding
- 04/1984
- Data as of
- 12/2021
- EIN
- 38-2470907
Organization Overview
Word Investments Inc is located in Ada, MI. The organization was established in 1984. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Word Investments Inc 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 12/2021, Word Investments Inc generated $577.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.2%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Word Investments Inc has awarded 116 individual grants totaling $2,138,171. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE TO VARIOUS CHRISTIAN MINISTRY SERVICES THROUGH EMPLOYED INDIVIDUALS
PROVIDES TECHNICAL ASSISTANCE TO OTHER CHARITABLE ORGANIZATIONS AND CHRISTIAN MINISTRIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clare Degraaf President | 40 | $119,167 | |
Diane Luchies-Pferdehirt Treasurer | 40 | $56,830 | |
Susan Degraaf Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $237,900 |
| Interest on Savings | $88,921 |
| Dividends & Interest | $0 |
| Net Rental Income | $139,195 |
| Net Gain on Sale of Assets | -$29,452 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $577,662 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $143,167 |
| Other employee salaries and wages | $121,695 |
| Pension plans, employee benefits | $4,436 |
| Interest | $0 |
| Taxes | $74,818 |
| Depreciation | $68,532 |
| Occupancy | $30,961 |
| Travel, conferences, and meetings | $1,747 |
| Printing and publications | $0 |
| Other expenses | $118,252 |
| Total operating and administrative expenses | $648,243 |
| Contributions, gifts, grants paid | $676,633 |
| Total expenses and disbursements | $1,324,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,878 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $1,345,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $2,964,928 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,831,350 |
| Net Land, buildings, and equipment | $147,042 |
| Other assets | $0 |
| Total assets | $6,696,984 |
| Accounts payable and accrued expenses | $14,098 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $450,000 |
| Other liabilities | $0 |
| Total liabilities | $464,098 |
Grants Awarded
Over the last fiscal year, Word Investments Inc has awarded $676,633 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
BENEVOLENCE PURPOSE: CHARITABLE | $289,659 |
ILLUMINATIONS PURPOSE: RELIGIOUS | $125,000 |
THE SEED COMPANY PURPOSE: RELIGIOUS | $63,202 |
CURE INTERNATIONAL PURPOSE: CHARITABLE | $60,000 |
Grand Rapids, MI PURPOSE: CHARITABLE | $40,000 |
THE FOUNDRY PURPOSE: RELIGIOUS | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Word Investments Inc has recieved totaling $149,100.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $149,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |
Timken Foundation Of Canton Canton, OH | $32,951,548 | $35,361,538 |
Irving S Gilmore Foundation Kalamazoo, MI | $388,410,325 | $41,180,610 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Siemer Family Foundation Columbus, OH | $55,510,313 | $15,843,554 |
Orphan Foundation Of America Orph Cleveland, OH | $10,515,752 | $16,785,416 |