The Nazarene Fund
- Assets
- $612.9k
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, UT
- Founding
- Data as of
- 12/2023
- EIN
- 85-0535397
Organization Overview
The Nazarene Fund is located in Providence, UT. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nazarene Fund 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, Nazarene Fund generated $3.0m 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 (5.6%) each year. All expenses for the organization totaled $23.9m 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
TO LIBERATE THE CAPTIVE, TO FREE THE ENSLAVED, AND TO RESCUE, REBUILD AND RESTORE THE LIVES OF CHRISTIANS AND OTHER PERSECUTED RELIGIOUS AND ETHNIC MINORITIES WHEREVER AND WHENEVER THEY ARE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION'S PROGRAMS FOCUS ON RESCUING, REBUILDING, AND RESTORING PERSECUTED RELIGIOUS AND ETHNIC MINORITIES. RESCUE: ORGANIZATION OPERATORS ARE TRAINED TO EXTRACT PEOPLE HELD IN MODERN-DAY SLAVERY. REBUILD: THE ORGANIZATION MOVES REFUGEES FLEEING VIOLENCE AND DEATH TO NEW HOMES WHERE THEY CAN REBUILD AND CREATE A NEW FUTURE FOR THEMSELVES AND THEIR FAMILIES. RESTORE: THE ORGANIZATION WORKS TO RESTORE THE LIVES OF OUR BROTHERS AND SISTERS WHO HAVE FACED THE WORST ADVERSITY POSSIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Barton Board Member | Trustee | 1 | $0 |
Glenn Beck Board Member | Trustee | 1 | $0 |
Tim Ballard CEO & Board Member | OfficerTrustee | 20 | $107,165 |
Tim Barton Board Member | Trustee | 1 | $0 |
Tonia Beck 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 | $2,365,412 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,365,412 |
| Total Program Service Revenue | $2,500 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $600,741 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,968,653 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,521,000 |
| 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 | $107,165 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $35,983 |
| Fees for services: Management | $770 |
| Fees for services: Legal | $86,064 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,073,682 |
| Advertising and promotion | $0 |
| Office expenses | $3,940 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,745 |
| Travel | $47,416 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $23,891,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,917 |
| 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 | $600,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $612,917 |
| 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 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $612,917 |
| Total liabilities and net assets/fund balances | $612,917 |
Grants Awarded
Over the last fiscal year, The Nazarene Fund has awarded $22,550 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MERCURY ONE PURPOSE: TO FULFILL ORG PURP. | $15,000 |
OPERATION UNDERGROUND RAILROAD PURPOSE: TO FULFILL ORG PURP. | $7,550 |