Friends Of Christ Foundation
- Assets
- $12.4k
- Revenue
- $201.0k
- Investments
- $4.0k
- Employees
- 0
- Location
- Milpitas, CA
- Founding
- 12/2002
- Data as of
- 12/2021
- EIN
- 91-2125938
Organization Overview
Friends Of Christ Foundation is located in Milpitas, CA. The organization was established in 2002. 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. Friends Of Christ 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 12/2021, Friends Of Christ Foundation generated $201.0k in total revenue. All expenses for the organization totaled $861.6k during the year ending 12/2021. While expenses have increased by 96.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT FOR THE MINISTRIES OF CHRIST COMMUNITY CHURCH OF MILPITAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH THE DEPARTURE OF THE SENIOR PASTOR AT CCCM EARLY IN 2019, THE CHURCH SOUGHT AND SECURED A TRANSITIONAL PASTOR. THE FOUNDATION PROVIDED A GRANT TO COVER THE HOUSING COSTS FOR THE TRANSITIONAL PASTOR UNTIL HE DEPARTED IN LATE JUNE 2021. THIS INCLUDES RENT, FURNITURE RENTAL, UTILITIES, AND RENTER'S INSURANCE. CCCM HAD AN ACTIVE SEARCH FOR A SENIOR PASTOR AND THE POSITION WAS FILLED IN 2021. SINCE CCCM IS LOCATED IN ONE OF THE HIGHEST COST OF LIVING AREAS IN THE COUNTRY, THE FOUNDATION REVIEWED THE INVESTMENT PORTFOLIO AND REPOSITIONED INVESTMENTS TO ENABLE LIQUIDITY, RAISE ADDITIONAL FUNDS, AND IN LATE AUGUST PROVIDED A SIZABLE GRANT TO CCCM THAT WAS USED TO PURCHASE A PARSONAGE FOR THE NEW SENIOR PASTOR AND FAMILY TO LIVE IN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lenny Triglia Vice Pres From 1/1/21 | OfficerTrustee | 1 | $0 |
Charles Ron Wetter President From 1/1/21 | OfficerTrustee | 2 | $0 |
Tim Alcorn Secretary From 1/1/21 | OfficerTrustee | 1 | $0 |
Mark Simmons Treasurer | OfficerTrustee | 2 | $0 |
Don Chin Director | Trustee | 1 | $0 |
Albert Weitzel Director From 1/1/2021 | 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 | $164,573 |
| Noncash contributions included in lines 1a–1f | $37,573 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,573 |
| Total Program Service Revenue | $0 |
| Investment income | $656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,739 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,968 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $860,103 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $297 |
| Fees for services: Accounting | $1,224 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $861,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,470 |
| Savings and temporary cash investments | $1,000 |
| 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 | $3,962 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,432 |
| 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 | $12,432 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $12,432 |
Grants Awarded
Over the last fiscal year, Friends Of Christ Foundation has awarded $859,103 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Milpitas, CA PURPOSE: CASH GRANT TO PURCHASE PARSONAGE | $814,526 |
Milpitas, CA PURPOSE: OPERATIONAL SUPPORT | $44,577 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ccf-La Supporting Organization Los Angeles, CA | $162,068,078 | $45,763,526 |
Purpose Driven Connection Rancho Santa Margarita, CA | $29,393,570 | $25,518,921 |
Bethel Music Redding, CA | $17,020,388 | $17,178,099 |
Stewardship Endowment Fund Scottsdale, AZ | $47,139,512 | $6,876,380 |
Conference Claimants Endowment Bd California Ann Conf Methodist Ch Stockton, CA | $134,531,224 | $10,421,570 |
Bethel Media Redding, CA | $2,416,750 | $3,101,104 |
Legacy For The Kingdom Phoenix, AZ | $44,613,062 | $3,223,185 |
Catholic Community Foundation Of San Diego San Diego, CA | $89,259,750 | $4,327,946 |
Secrets Unsealed Fresno, CA | $5,504,604 | $3,996,381 |
A P Reilly Foundation Santa Monica, CA | $46,201,571 | $194,000 |
The Olympic Club Foundation San Francisco, CA | $6,547,843 | $1,319,679 |
Arizona District Council Of The Assemblies Of God Kingdom Legacy F Phoenix, AZ | $5,638,218 | $1,044,440 |