Foundation Stone Institute Inc
- Assets
- $23.2k
- Revenue
- $252.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Rockville, MD
- Founding
- 03/2017
- Data as of
- 12/2018
- EIN
- 81-3656461
Organization Overview
Foundation Stone Institute Inc is located in Rockville, MD. The organization was established in 2017. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, 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. Foundation Stone Institute 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 12/2018, Foundation Stone Institute Inc generated $252.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (23.5%) each year. All expenses for the organization totaled $414.8k during the year ending 12/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
FSI'S MISSION IS TO PROMOTE A POSITIVE RELATIONSHIP BETWEEN CATHOLICS AND ISRAELIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION THROUGH "THE ISRAEL JOURNEY: ENCOUNTERS WITH ANCIENT AND MODERN ISRAEL" - FSI WILL ORGANIZE AND MANAGE EDUCATIONAL TRIPS TO ISRAEL FOR CATHOLIC LEADERS, CLERGY, AND PARISHIONERS ("ISRAEL JOURNEY TRIPS"). THE ISRAEL JOURNEY TRIPS WILL EDUCATE PARTICIPANTS ABOUT THE HISTORY OF ANCIENT AND MODERN ISRAEL, PROMOTE DEEPER SPIRITUAL UNDERSTANDING OF CATHOLICISM AND ITS ROOTS IN THE LAND OF ISRAEL, AND ENCOURAGE COLLABORATION BETWEEN CATHOLICS AND ISRAELIS.
FOUNDATION STONE COUNCIL: BUILDING LEADERSHIP - THE FOUNDATION STONE COUNCIL (THE "COUNCIL") WILL BE A SPECIAL ADVISORY BOARD WHICH WILL BECOME THE LAY LEADERSHIP ARM OF THE FOUNDATION, INTENDED TO HELP THE FOUNDATION ACHIEVE ITS GOALS. IT IS INTENDED THAT THE COUNCIL WILL MEET TWICE PER YEAR.
THE CATHOLIC-ISRAEL GLOBAL INSTITUTE, OR FSI GLOBAL: REPAIRING THE WORLD TOGETHER - THE ISRAEL JOURNEY TRIPS AND THE DEVELOPMENT OF THE COUNCIL WILL SET THE STAGE FOR ONE OF THE PRIMARY GOALS OF THE FOUNDATION: FOSTERING ONGOING COLLABORATIONS THAT BRING TOGETHER CATHOLIC HUMANITARIAN ORGANIZATIONS AND ISRAELI NON-GOVERNMENTAL ORGANIZATIONS ENGAGED IN GLOBAL HUMANITARIAN EFFORTS. FSI WILL SERVE AS THE CONDUIT THROUGH WHICH RELEVANT CATHOLIC AND ISRAELI ORGANIZATIONS MEET EACH OTHER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Asher Afriat President And Director | OfficerTrustee | 5 | $0 |
Jonathan Missner Director | Trustee | 2 | $0 |
Ann Corkery Director | Trustee | 2 | $0 |
Susan Zises Green Director | Trustee | 2 | $0 |
Jeff Mendelsohn Former Executive Director And Dir | 15 | $129,375 |
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 | $252,712 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $252,712 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $252,712 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $129,375 |
| Compensation of current officers, directors, key employees. | $12,938 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,837 |
| Fees for services: Management | $49,165 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $733 |
| Advertising and promotion | $0 |
| Office expenses | $1,010 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,892 |
| 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 | $218,544 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $122 |
| All other expenses | $0 |
| Total functional expenses | $414,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,166 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,166 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $23,166 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $23,166 |