The Christian Reformed Church in North America Foundation
- Assets
- $1.0
- Revenue
- $184.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 10/1996
- Data as of
- 06/2018
- EIN
- 38-3293004
Organization Overview
The Christian Reformed Church in North America Foundation is located in Grand Rapids, MI. The organization was established in 1996. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. Christian Reformed Church in North America 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 06/2018, Christian Reformed Church in North America Foundation generated $184.5k 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 (20.3%) each year. All expenses for the organization totaled $240.3k during the year ending 06/2018. As we would expect to see with falling revenues, expenses have declined by (22.2%) per year over the past 4 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, SOLICIT, ACCEPT, AND MANAGE GIFTS OF CASH, PROPERTY, SECURITIES, LIFE INSURANCE, BEQUESTS, AND OTHER FORMS OF CONTRIBUTIONS FOR THE SOLE BENEFIT OF THE CHRISTIAN REFORMED CHURCH IN NORTH AMERICA AND ITS MINISTRIES AND AGENCIES, FOR THE PURPOSE OF ADVANCING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION GRANTED $100,000 TO THE CHRISTIAN REFORMED CHURCH OF NORTH AMERICA IN ORDER TO PURCHASE VACANT LAND ADJACENT TO THAT ORGANIZATION'S USA HEADQUARTERS.
THE FOUNDATION GRANTED $76,503 TO THE CHRISTIAN REFORMED CHURCH IN NORTH AMERICA IN ORDER TO FUND VARIOUS PROGRAM INITIATIVES AT BOTH THE DENOMINATIONAL AND CHURCH LEVEL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Bolt Director Of Advancement | Officer | 12 | $0 |
Stan Workman Trustee | Trustee | 0 | $0 |
Jei Wilson Trustee | Trustee | 0 | $0 |
Bud Ipema Trustee | Trustee | 0 | $0 |
Gary Bos Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $178,639 |
| Investment income | $5,855 |
| 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 | $184,494 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,177 |
| Pension plan accruals and contributions | $2,006 |
| Other employee benefits | $5,552 |
| Payroll taxes | $1,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,106 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,999 |
| Office expenses | $1,196 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,680 |
| 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 | $0 |
| Total functional expenses | $240,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1 |
| 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 | $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 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, The Christian Reformed Church in North America Foundation has awarded $176,503 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Grand Rapids, MI PURPOSE: Land Purchase | $100,000 |
Grand Rapids, MI PURPOSE: Church Support | $48,295 |
Grand Rapids, MI PURPOSE: Chaplaincy | $28,208 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Christian Reformed Church in North America Foundation has recieved totaling $73,320.
| Awarding Organization | Amount |
|---|---|
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: GENERAL, MINISTRY, BUILDING & BENEVOLENT FUNDS | $53,320 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $10,000 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $10,000 |
Endowment Analysis
| Beg. Balance | $184,451 |
| Earnings | $970 |
| Net Contributions | $155,256 |
| Other Expense | $164,174 |
| Grants | $176,503 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Advent House Ministries Inc Lansing, MI | $1,296,917 | $17,350,571 |
Lutheran Metropolitan Ministry Cleveland, OH | $18,738,675 | $17,759,604 |
Shalom Ministries International Inc Dublin, OH | $25,383,102 | $20,342,961 |
Mel Trotter Ministries Grand Rapids, MI | $13,737,280 | $17,550,593 |
Siebert Lutheran Foundation Inc Milwaukee, WI | $97,193,025 | $11,548,581 |
Interim Pastor Ministries Inc Orleans, MI | $699,514 | $5,433,287 |
Vcy America Inc Milwaukee, WI | $9,863,404 | $4,388,148 |
Cleveland Christian Home Inc Cleveland, OH | $9,204,950 | $4,752,818 |
St Luke Lutheran Community Portage Lakes North Canton, OH | $4,808,544 | $3,061,019 |
International Fellowship Of Evangelical Students Usa Inc Madison, WI | $6,456,796 | $6,176,291 |
Reaching Above Hopelessness And Brokenness Ministries Inc Canton, OH | $2,291,437 | $3,403,692 |
Wisconsin Evangelical Lutheran Synod Kingdom Workers Inc Waukesha, WI | $3,918,278 | $4,689,109 |