Servants Heart Foundation Inc
- Assets
- $17.0m
- Revenue
- $539.1k
- Investments
- $16.5m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 04/1996
- Data as of
- 12/2022
- EIN
- 58-2218044
Organization Overview
Servants Heart Foundation Inc is located in Newport Beach, CA. The organization was established in 1996. 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. Servants Heart 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 12/2022, Servants Heart Foundation Inc generated $539.1k 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 (25.9%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Servants Heart Foundation Inc has awarded 110 individual grants totaling $3,553,533. 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 Program Activity:
THE SERVANT'S HEART FOUNDATION (THE "FOUNDATION") CONDUCTS ACTIVITIES TO ENCOURAGE AND SUPPORT ITS GRANTEE MISSIONS ORGANIZATIONS, INCLUDING CONDUCTING RETREATS AND HIGHLIGHTING GRANTEE ORGANIZATIONS ON A BLOG. ADDITIONALLY, THE FOUNDATION CONDUCTS MISSION TRIP ACTIVITIES WHEREIN PARTICIPANTS TRAVEL TO VARIOUS COUNTRIES AROUND THE GLOBE TO VISIT, SUPPORT, AND SERVE GRANTEE MINISTRY ORGANIZATIONS. IN 2020, THE FOUNDATION INCURRED EXPENSES RELATED TO A FUTURE MISSION TRIP TO VISIT MINISTRY ORGANIZATIONS IN AFRICA. WHILE VISITING THE MINISTRY ORGANIZATIONS IN THE VARIOUS COUNTRIES, THE FOUNDATION ENCOURAGES AND SERVES THE LEADERS OF THE GRANTEE MINISTRY ORGANIZATIONS AND IDENTIFIES ADDITIONAL NEEDS AND MINISTRY OPPORTUNITIES FOR THE GRANTEE ORGANIZATIONS. ADDITIONALLY, THE FOUNDATION TRANSPORTS RESOURCES TO THE MINISTRY ORGANIZATIONS FOR USE IN CONNECTION WITH CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul A Neff President/ceo /chairman | 22 | $0 | |
Kathy A Neff Director | 2 | $0 | |
Richard Haugen Treasurer | 1 | $31,790 | |
Lindsey Haugen Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $292,207 |
| Interest on Savings | $8,076 |
| Dividends & Interest | $278,093 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$42,233 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,997 |
| Total Revenue | $539,140 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $31,790 |
| Other employee salaries and wages | $153,376 |
| Pension plans, employee benefits | $3,146 |
| Interest | $1,546 |
| Taxes | $85,597 |
| Depreciation | $324 |
| Occupancy | $66,873 |
| Travel, conferences, and meetings | $29,100 |
| Printing and publications | $0 |
| Other expenses | $606,229 |
| Total operating and administrative expenses | $1,142,973 |
| Contributions, gifts, grants paid | $911,323 |
| Total expenses and disbursements | $2,054,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,970 |
| Savings and temporary cash investments | $483,392 |
| 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 | $11,967,950 |
| Net Land, buildings, and equipment | $3,342 |
| Other assets | $0 |
| Total assets | $17,049,161 |
| 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 | $31,987 |
| Total liabilities | $31,987 |
Grants Awarded
Over the last fiscal year, Servants Heart Foundation Inc has awarded $911,322 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICA RENEWAL MINISTRY PURPOSE: CHARITABLE PURPOSES | $155,932 |
ASIAN ACCESS LIFE MINISTRIES PURPOSE: CHARITABLE PURPOSES | $500 |
CHRISTIAN COLLEGE OF GA PURPOSE: CHARITABLE PURPOSES | $15,000 |
CITY OF HOPE PURPOSE: CHARITABLE PURPOSES | $1,000 |
EDEN MISSION PURPOSE: CHARITABLE PURPOSES | $63,500 |
ENCOURAGEMENT FOR LIFE PURPOSE: CHARITABLE PURPOSES | $25,000 |