Immanuel Community Vision Foundation
- Assets
- $79.3m
- Revenue
- $2.8m
- Investments
- $22.3m
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 11/2013
- Data as of
- 06/2022
- EIN
- 46-2693844
Organization Overview
Immanuel Community Vision Foundation is located in Omaha, NE. The organization was established in 2013. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Immanuel Community Vision 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 06/2022, Immanuel Community Vision Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $2.9m during the year ending 06/2022. While expenses have increased by 2.5% 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.
Since 2016, Immanuel Community Vision Foundation has awarded 400 individual grants totaling $14,877,716. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO HOLD, INVEST AND DISBURSE GIFTS, GRANTS, CONTRIBUTIONS AND FUNDS IN A MANNER THAT SUPPORTS THE PURPOSES AND ACTIVITIES OF THE SUPPORTED ORGANIZATIONS AND TO RECOGNIZE AND PROMOTE THE CORPORATION'S LUTHERAN HERITAGE AND THE MISSION AND PURPOSES OF THE NEBRASKA SYNOD OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA IN ITS WORKS.
Describe the Organization's Program Activity:
TO HOLD, INVEST AND DISBURSE GIFTS, GRANTS, CONTRIBUTIONS AND FUNDS IN A MANNER THAT SUPPORTS THE PURPOSES AND ACTIVITIES OF THE SUPPORTED ORGANIZATIONS AND COMMUNITY CHARITABLE ORGANIZATIONS WHOSE MISSIONS ALIGN WITH IMMANUEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric N Gurley President & CEO | Officer | 2 | $0 |
Scott Bear Vp, CFO & Treasurer | Officer | 2 | $0 |
Rev Mark Grorud Executive Director Thru 12/21 | Officer | 40 | $0 |
Kelle Scott Controller | 1 | $0 | |
Marty Smith Director Of Finance | 1 | $0 | |
Peggy Hall VP Of Mission And Spiritual Care | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $990,385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,789,793 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,780,178 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,442,833 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,446 |
| Pension plan accruals and contributions | $11,525 |
| Other employee benefits | $27,104 |
| Payroll taxes | $3,234 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $297 |
| Fees for services: Accounting | $14,590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $150,549 |
| Fees for services: Other | $60,122 |
| Advertising and promotion | $0 |
| Office expenses | $11,392 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,860 |
| 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 | $840 |
| All other expenses | $207 |
| Total functional expenses | $2,898,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $465,645 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $56,592,600 |
| Investments—other securities | $22,268,048 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $79,326,293 |
| Accounts payable and accrued expenses | $150,493 |
| 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 | $162,127 |
| Total liabilities | $312,620 |
| Net assets without donor restrictions | $79,013,673 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $79,326,293 |
Grants Awarded
Over the last fiscal year, Immanuel Community Vision Foundation has awarded $2,381,482 in support to 72 organizations.
| Grant Recipient | Amount |
|---|---|
LUTHERAN SERVICE CORPS PURPOSE: FUNDING TO SUPPORT CURRICULUM ENCOURAGING CONGREGATIONS TO SERVE THEIR COMMUNITIES | $10,000 |
MADISON COUNTY ELDERLY SERVICE PURPOSE: PURPOSE OF REPLACING KITCHEN FLOOR AT SENIOR CENTER CONGREGATE SITE | $5,500 |
OLLIE WEBB CENTER INC PURPOSE: SUPPORT FOR HEALTHMATTERS PROGRAM OF EDUCATION AND EXERCISE | $10,000 |
RADIO TALKING BOOK SERVICE INC PURPOSE: SUPPORTING TECHNOLOGY UPGRADES, EXPANDING PROGRAMMING AND GENERAL SUPPORT OF SERVICES FOR VISUALLY IMPAIRED | $10,000 |
RESTORING DIGNITY PURPOSE: SUPPORTING ITS COMMUNITY DONATION CENTER SERVING THE REFUGEE COMMUNITY IN OMAHA | $10,000 |
SAINT MICHAEL LUTHERAN CHURCH PURPOSE: SUPPORT EXPENSE OF SPEAKERS AND PROMOTION OF RESTORATIVE JUSTICE PROGRAMS | $10,000 |