Proverbs 3 27 Foundation
- Assets
- $19.9m
- Revenue
- $4.1m
- Investments
- $19.7m
- Employees
- 0
- Location
- La Crosse, WI
- Founding
- Data as of
- 12/2022
- EIN
- 87-2709442
Organization Overview
Proverbs 3 27 Foundation is located in La Crosse, WI. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Proverbs 3 27 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 12/2022, Proverbs 3 27 Foundation generated $4.1m 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 (59.9%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Proverbs 3 27 Foundation has awarded 13 individual grants totaling $2,270,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher K Blattner Director | 10 | $0 | |
Raiko R Blattner Director | 10 | $0 | |
Trust Point Inc Agent | 1 | $29,001 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,469,012 |
| Interest on Savings | $0 |
| Dividends & Interest | $391,101 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $255,951 |
| Capital Gain Net Income | $255,951 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,668 |
| Total Revenue | $4,120,732 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $29,001 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $79,450 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $80 |
| Total operating and administrative expenses | $143,026 |
| Contributions, gifts, grants paid | $2,270,000 |
| Total expenses and disbursements | $2,413,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $155,949 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $19,748,327 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,904,276 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Proverbs 3 27 Foundation has awarded $2,270,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ALPHA USA - FL NETWORK PURPOSE: MINISTRY | $50,000 |
RESOURCE GLOBAL PURPOSE: RELIGION | $250,000 |
SOLID ROCK FAMILY CHURCH PURPOSE: MINISTRY | $20,000 |
REVIVE CHURCH PURPOSE: MINISTRY | $225,000 |
VOICE OF THE MARTYRS PURPOSE: MINISTRY | $50,000 |
EMBRACE THE TRUTH PURPOSE: MINISTRY | $100,000 |