Real Christian Foundation Inc
- Assets
- $4.5m
- Revenue
- $452.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Richland, MS
- Founding
- 06/1998
- Data as of
- 12/2022
- EIN
- 64-0885750
Organization Overview
Real Christian Foundation Inc is located in Richland, MS. The organization was established in 1998. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Real Christian Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Real Christian 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, Real Christian Foundation Inc generated $452.2k 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 (3.7%) each year. All expenses for the organization totaled $644.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Real Christian Foundation Inc has awarded 80 individual grants totaling $1,526,440. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION HAS BEEN FORMED TO MINISTER AND ASSIST THE RURAL POOR THROUGH COMMUNITY REDEVELOPMENT. THIS IS ACHIEVED THROUGH TECHNICAL ASSISTANCE FROM THE FOUNDATION AS WELL AS GRANTS MADE DIRECTLY TO 501 (C) (3) ORGANIZATIONS WHO SUPPORT THE FOUNDATION'S VISION. THESE GRANTS WILL BE FUNDED FROM INVESTMENT INCOME EARNED ON ENDOWED ASSETS WHICH WERE ESTABLISHED THROUGH CONTRIBUTIONS AND SALE OF BOOKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND TECHNICAL ASSISTANCE TO 501(C)(3) ORGANIZATIONS THAT MINISTER AND ASSIST THE RURAL POOR THROUGH COMMUNITY REDEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chanda Roby President | Officer | 40 | $70,000 |
Jasper Bacon Director | Trustee | $0 | |
Carol Blackmon Chairman | OfficerTrustee | 2 | $0 |
Erin Briggs Director | Trustee | 2 | $0 |
Cornellus Craft Director | Trustee | 2 | $0 |
Tearsanee Davis Director | Trustee | 2 | $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 | $409,990 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $409,990 |
| Total Program Service Revenue | $0 |
| Investment income | $92,700 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$50,915 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $452,215 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $280,995 |
| Grants and other assistance to domestic individuals. | $2,039 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,991 |
| Compensation of current officers, directors, key employees. | $37,996 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,299 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,633 |
| Payroll taxes | $14,579 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,914 |
| Fees for services: Other | $29,993 |
| Advertising and promotion | $6,971 |
| Office expenses | $36,524 |
| Information technology | $1,129 |
| Royalties | $0 |
| Occupancy | $16,977 |
| Travel | $7,993 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,051 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,895 |
| Insurance | $10,685 |
| All other expenses | $0 |
| Total functional expenses | $644,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,581 |
| Savings and temporary cash investments | $265,394 |
| 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 | $7,754 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $94,910 |
| Investments—publicly traded securities | $3,949,987 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,521,626 |
| Accounts payable and accrued expenses | $6,000 |
| 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 | $145,757 |
| Total liabilities | $151,757 |
| Net assets without donor restrictions | $3,456,355 |
| Net assets with donor restrictions | $913,514 |
| 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 | $4,521,626 |
Grants Awarded
Over the last fiscal year, Real Christian Foundation Inc has awarded $271,414 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
MENDENHALL MINISTRIES PURPOSE: COMMUNITY REDEV. | $27,364 |
WESLEY YOUTH FOUNDATION PURPOSE: COMMUNITY REDEV. | $29,077 |
JEFFERSON DAVIS OUTREACH PURPOSE: COMMUNITY REDEV. | $14,077 |
CAMP PIONEER INC PURPOSE: COMMUNITY REDEV. | $24,139 |
QUITMAN COUNTY DEVELOPMENT ASSOCIAT PURPOSE: COMMUNITY REDEV. | $14,102 |
CARY CHRISTIAN CENTER INC PURPOSE: COMMUNITY REDEV. | $26,277 |