Evangelical Council For Financial Accountability
- Assets
- $5.0m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 24
- Location
- Winchester, VA
- Founding
- 05/2019
- Data as of
- 12/2020
- EIN
- 93-0744698
Organization Overview
Evangelical Council For Financial Accountability is located in Winchester, VA. The organization was established in 2019. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Evangelical Council For Financial Accountability employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Evangelical Council For Financial Accountability 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 12/2020, Evangelical Council For Financial Accountability generated $4.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $4.1m during the year ending 12/2020. While expenses have increased by 5.9% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCING TRUST IN CHRIST-CENTERED CHURCHES AND MINISTRIES
Describe the Organization's Program Activity:
ECFA ANNUALLY REVIEWS AND ACCREDITS OVER 2,500 MEMBER ORGANIZATIONS BASED ON COMPLIANCE WITH ITS STANDARDS OF RESPONSIBLE STEWARDSHIP. ECFA PROVIDES EDUCATIONAL RESOURCES THROUGH ITS WEBSITE, WEBINARS, AND WORKSHOPS CONDUCTED ACROSS THE UNITED STATES. ECFA CARRIES OUT ITS WORK IN A BIBLICALLY-BASED PROCESS OF ACCOUNTABILITY OF CHRIST-CENTERED MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Wills Board Chairman | OfficerTrustee | 2 | $0 |
Cindee Coffee Treasurer | OfficerTrustee | 2 | $0 |
Paul Anderson Secretary | OfficerTrustee | 2 | $0 |
Wayne Pederson Vice Chair | OfficerTrustee | 2 | $0 |
D Kurt Nelson Member | Trustee | 2 | $0 |
Michael Batts Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $446,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,961 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $522,061 |
| Total Program Service Revenue | $4,219,383 |
| Investment income | $15,034 |
| 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 | $19,850 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,790,236 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,525 |
| 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. | $794,058 |
| Compensation of current officers, directors, key employees. | $79,406 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,598,139 |
| Pension plan accruals and contributions | $55,147 |
| Other employee benefits | $386,716 |
| Payroll taxes | $166,198 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,592 |
| Fees for services: Accounting | $12,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $106,793 |
| Advertising and promotion | $99,861 |
| Office expenses | $173,526 |
| Information technology | $288,404 |
| Royalties | $0 |
| Occupancy | $73,325 |
| Travel | $39,042 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $117,494 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,146 |
| Insurance | $19,398 |
| All other expenses | $15,020 |
| Total functional expenses | $4,108,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,053,875 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,823 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $65,779 |
| Prepaid expenses and deferred charges | $33,123 |
| Net Land, buildings, and equipment | $1,294,036 |
| Investments—publicly traded securities | $498,210 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,988,846 |
| Accounts payable and accrued expenses | $156,120 |
| 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 | $859,050 |
| Total liabilities | $1,015,170 |
| Net assets without donor restrictions | $3,640,343 |
| Net assets with donor restrictions | $333,333 |
| 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 | $4,988,846 |
Grants Awarded
Over the last fiscal year, Evangelical Council For Financial Accountability has awarded $177,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE STEWARDS JOURNEY PURPOSE: A SINGLE GRANT TO FUND THE PUBLISHING OF A BOOK ON THE TOPIC OF FAITH AND FINANCE. | $12,500 |
GLOBAL TRUST PARTNERS PURPOSE: A SINGLE GRANT IN FURTHERANCE OF THE CHARITABLE PURPOSE OF GRANTEE PROMOTING CHRIST-CENTERED ORGANIZATIONS AROUND THE WORLD SET STANDARDS OF FAITHFUL ADMINISTRATION AND ACCREDIT ORGANIZATIONS TO THOSE STANDARDS. | $155,000 |
NATIONAL CHRISTIAN FOUNDATION PURPOSE: A SINGLE GRANT TO PARTICIPATE IN A BROADER EDUCATIONAL INITIATIVE DEMONSTRATING THE IMPORTANCE OF CHARITABLE GIVING INCENTIVES TO THE CHRIST-CENTERED CHURCH AND MINISTRY COMMUNITY. | $10,000 |