The Incarnation Foundation
- Assets
- $16.4m
- Revenue
- $715.4k
- Investments
- $1.1m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 08/1988
- Data as of
- 12/2023
- EIN
- 75-2222101
Organization Overview
The Incarnation Foundation is located in Dallas, TX. The organization was established in 1988. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Incarnation 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, Incarnation Foundation generated $715.4k 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 (10.3%) each year. All expenses for the organization totaled $989.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF THE CHURCH OF THE INCARNATION THROUGH EFFECTIVE INVESTMENT MANAGEMENT AND DISTRIBUTION OF GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT CHRISTIAN-BASED PROGRAMS OF CHURCH OF THE INCARNATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Todd Board Member | Trustee | 1 | $0 |
Robert Dransfield President | OfficerTrustee | 1 | $0 |
Andy Welch Vice President | OfficerTrustee | 1 | $0 |
Rebel Robertson Treasurer | OfficerTrustee | 1 | $0 |
Lauren Palmer Assistant Treasurer | OfficerTrustee | 1 | $0 |
Joseph Chumlea Board Member | Trustee | 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 | $3,317 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,317 |
| Total Program Service Revenue | $3,250 |
| Investment income | $369,464 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $337,126 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $715,449 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $937,658 |
| 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 | $16,875 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $757 |
| Payroll taxes | $1,291 |
| Fees for services: Management | $5,200 |
| Fees for services: Legal | $80 |
| Fees for services: Accounting | $17,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,930 |
| Information technology | $0 |
| Royalties | $19 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $5,731 |
| All other expenses | $0 |
| Total functional expenses | $989,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,757 |
| Savings and temporary cash investments | $423,591 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $150 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $50,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,805,800 |
| Investments—other securities | $1,072,336 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,360,634 |
| Accounts payable and accrued expenses | $3,076 |
| 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 | $0 |
| Total liabilities | $3,076 |
| Net assets without donor restrictions | $4,071,997 |
| Net assets with donor restrictions | $12,285,561 |
| 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 | $16,360,634 |
Grants Awarded
Over the last fiscal year, The Incarnation Foundation has awarded $161,545 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF THE INCARNATION PURPOSE: To further the mission of the church | $131,545 |
INCARNATION PLACE INC PURPOSE: Community outreach | $30,000 |