Pentacostal Foundation
- Assets
- $412.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, LA
- Founding
- 12/2001
- Data as of
- 12/2023
- EIN
- 72-1478222
Organization Overview
Pentacostal Foundation is located in Alexandria, LA. The organization was established in 2001. 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. Pentacostal 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 12/2023, Pentacostal Foundation generated $6.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (24.2%) each year.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
CREATING AN ENDOWMENT FUND FOR THE CONSTRUCTION AND MAINTENANCE OF A NEW SANCTUARY FOR THE FIRST PENTECOSTAL CHURCH OF ALEXANDRIA, LOUISIANA; EDUCATIONAL PROGRAMS REGARDING THE BENEFITS OF PHILANTHROPY; DIRECT SOLICITATION OF PERSONS INTERESTED IN SETTING UP ENDOWMENTS SUPPORTING THE MINISTRIES OF THE PENTECOSTAL CHURCHES; ESTABLISHING A MEMBERSHIP BASE TO INVOLVE SMALL CONTRIBUTORS IN THE PHILANTHROPIC PROCESS. FINALLY, THE FOUNDATION SEEKS TO ASSIST ALL PENTECOSTAL CHURCHES AND THEIR MEMBERS IN ESTABLISHING PHILANTHROPIC ENDOWMENTS TO SUPPORT PENTECOSTAL CHURCHES AROUND THE WORLD, HELP SPREAD THE MINISTRY OF THE PENTECOSTAL FAITH, AND TO SUPPORT OTHER CHARITABLE CAUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary E Maxwell President & CEO | 1 | $0 | |
Bruce W Melder Sec/treasurer | 1 | $0 | |
Alvin Owens Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,251 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $636 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $6,887 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $412,515 |
| Other assets | $0 |
| Total assets | $412,515 |
| Total liabilities | $0 |
| Net assets or fund balances | $412,515 |