Casting Crowns Foundation
- Assets
- $159.9k
- Revenue
- $456.0
- Investments
- $0.0
- Employees
- 0
- Location
- Evergreen, CO
- Founding
- 10/2013
- Data as of
- 11/2023
- EIN
- 46-1617616
Organization Overview
Casting Crowns Foundation is located in Evergreen, CO. The organization was established in 2013. 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. Casting Crowns 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 11/2023, Casting Crowns Foundation generated $456.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $71.7k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Casting Crowns Foundation has awarded 67 individual grants totaling $948,600. 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.
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 |
|---|---|---|---|
J Stephen Mercer President | 1 | $0 | |
Karla Mercer Secretary/treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $456 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $456 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $740 |
| Contributions, gifts, grants paid | $71,000 |
| Total expenses and disbursements | $71,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,780 |
| Savings and temporary cash investments | $152,121 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $159,901 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Casting Crowns Foundation has awarded $71,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
WORLD VENTURE PURPOSE: SUPPORT MINISTRY OF ERIC FLAA TO SERVE AS MEMBER CARE COORDINATOR FOR SUB SAHARAN AFRICA MINISTRY. | $15,000 |
CHILDREN OF HOPE PURPOSE: SPONSORSHIP OF 3 YOUNG ORPHAN SIBLINGS LIVING AT CHILDREN OF HOPE'S HOME IN KENYA, AFRICA. | $15,000 |
THE MORGAN ADAMS FOUNDATION PURPOSE: SUPPORT RACE AGAINST KIDS CANCER COLORADO EVENT. | $10,000 |
EDUCATIONAL MEDIA FOUNDATION PURPOSE: ENDOWMENT GRANT TO PARENT ORGANIZATION FOR ORGANIZATIONAL STRENGTH FOR BOTH K-LOVE AND AIR1 BROADER MINISTRIES. | $10,000 |
THE SANCTUARY DENVER PURPOSE: SUPPORT BROADER CHURCH MINISTRY. | $15,000 |
FOCUS PURPOSE: SUPPORTING MISSIONARY AT IDAHO STATE UNIVERSITY FOR MINISTRY WORK SERVING COLLEGE STUDENTS. | $6,000 |