Congregational Foundation Inc
- Assets
- $13.5m
- Revenue
- $528.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Oak Creek, WI
- Founding
- 08/2019
- Data as of
- 03/2022
- EIN
- 41-2091039
Organization Overview
Congregational Foundation Inc is located in Oak Creek, WI. The organization was established in 2019. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, 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. Congregational Foundation 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 03/2022, Congregational Foundation Inc generated $528.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $325.9k during the year ending 03/2022. While expenses have increased by 5.4% per year over the past 7 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
THE CONGREGATIONAL FOUNDATION SUPPORTS THE NATIONAL ASSOCIATION OF CONGREGATIONAL CHRISTIAN CHURCHES, ITS MINISTRIES AND PROGRAMS, THROUGH A COMMITMENT TO CURRENT DONORS AND DEVELOPMENT OF PROSPECTIVE DONORS. THEIR VISION IS TO DEVELOP LONG-TERM, SUSTAINABLE SOURCES OF REVENUE THAT SUPPORT THE NATIONAL ASSOCIATION OF CONGREGATIONAL CHRISTIAN CHURCHES' MINITRIES AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE ACTIVITIES AND AFFILIATED CHURCHES OF THE CORPORATION FOR THE NATIONAL ASSOCIATION OF CONGREGATIONAL CHRISTIAN CHURCHES OF THE UNITED STATES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Varnum Philbrook Secretary | OfficerTrustee | 1 | $0 |
Laura Hamby President | OfficerTrustee | 1 | $0 |
Kevin Gromley Treasurer | OfficerTrustee | 1 | $0 |
Robert Smith Vice President | OfficerTrustee | 1 | $0 |
Richard Davis Board Member | Trustee | 1 | $0 |
Blaine Simons Board Member | 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 | $104,594 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,594 |
| Total Program Service Revenue | $0 |
| Investment income | $287,634 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $136,550 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $528,778 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $130,680 |
| Grants and other assistance to domestic individuals. | $50,104 |
| 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 | $81,000 |
| Fees for services: Legal | $900 |
| Fees for services: Accounting | $8,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,722 |
| Fees for services: Other | $2,251 |
| Advertising and promotion | $576 |
| Office expenses | $13,256 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $71 |
| 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 | $325,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $564 |
| 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 | $947 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,522,752 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,619 |
| Total assets | $13,539,882 |
| 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 | $24,131 |
| Total liabilities | $24,131 |
| Net assets without donor restrictions | $63,810 |
| Net assets with donor restrictions | $13,451,941 |
| 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 | $13,539,882 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Congregational Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Stannard Foundation Wichita, KS PURPOSE: RELIGIOUS ACTIVITIES | $5,000 |
Endowment Analysis
| Beg. Balance | $13,337,433 |
| Earnings | $318,262 |
| Net Contributions | $99,365 |
| Other Expense | $303,119 |
| Ending Balance | $13,451,941 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Agate Housing And Services Inc Minneapolis, MN | $17,135,849 | $18,145,205 |
The First Spoke Foundation Chicago, IL | $10,124,413 | $552,668 |
Catholic Foundation For The Archdiocese Of Dubuque Cedar Rapids, IA | $127,453,113 | $10,700,862 |
St Joseph Real Estate Services Corporation Green Bay, WI | $9,099,106 | $3,700,773 |
Bible League Foundation Crete, IL | $15,182,240 | $1,097,305 |
Chicago Southwest Development Corporation Chicago, IL | $14,735,476 | $67,891 |
Calvin B Beach Trust 01-13620 Po Box Chicago, IL | $5,695,051 | $2,192,787 |
Know The Truth Ministries Inc Chanhassen, MN | $269,842 | $2,371,086 |
City On A Hill Inc Milwaukee, WI | $1,825,972 | $1,822,673 |
Olive Tree Ministries Maple Grove, MN | $7,814,889 | $4,185,907 |
Herzl Camp Foundation St Louis Park, MN | $6,175,107 | $1,858,323 |
Apostolic Christian Counseling And Family Services Inc Morton, IL | $2,415,352 | $1,859,665 |