Foundation For World Evangelism
- Assets
- $71.9m
- Revenue
- $1.5m
- Investments
- $71.8m
- Employees
- 0
- Location
- Founding
- 03/1995
- Data as of
- 12/2021
- EIN
- 98-0150395
Organization Overview
Foundation For World Evangelism is located in null. The organization was established in 1995. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., 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 For World Evangelism 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, Foundation For World Evangelism generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 17.7% 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
ORGANIZED AND OPERATED AS A TYPE I SUPPORTING ORGANIZATION, FOR THE BENEFIT OF MISSIO NEXUS, SIM USA,INC, WORLD RADIO MISSIONARY FELLOWSHIP, AND OTHER SIMILAR ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FOR WORLD EVANGELISM IS ORGANIZED AND OPERATED AS A TYPE I SUPPORTING ORGANIZATION, FOR THE BENEFIT OF MISSIO NEXUS, SIM USA, INC, WORLD RADIO MISSIONARY FELLOWSHIP, AND OTHER SIMILAR ORGANIZATIONS. THE EMPHASIS OF THIS FOUNDATION SHALL BE ON WORLDWIDE CHRISTIAN EVANGELISM, PARTICULARLY TO THOSE PARTS OF THE WORLD WHERE THE GOSPEL HAS NOT BEEN HEARD, INCLUDING PROCLAMATION OF THE GOSPEL, CHURCH PLANTING, DISCIPLESHIP, NURTURING OF CHRISTIANS, AND LEADERSHIP DEVELOPMENT. ALL PROGRAMS SUPPORTED BY THE FOUNDATION, INCLUDING THE THREE LARGEST, RESPOND TO THIS DESCRIBED PURPOSE OF THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrten Geiger Secretary | OfficerTrustee | 5 | $0 |
Marvin Newell President | OfficerTrustee | 1 | $0 |
Fredrick Ely Vice President | OfficerTrustee | 1 | $0 |
Rene Palacio Council Member | Trustee | 1 | $0 |
Wayne Pederson Council 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,524,437 |
| 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 | $1,524,437 |
| 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 | $1,830,868 |
| 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 | $19,174 |
| Fees for services: Legal | $8,279 |
| Fees for services: Accounting | $12,974 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,014 |
| 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 | $978 |
| Total functional expenses | $1,876,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,161 |
| 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 | $71,839,812 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $71,875,973 |
| Accounts payable and accrued expenses | $9,000 |
| 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 | $9,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $50,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $71,816,973 |
| Total liabilities and net assets/fund balances | $71,875,973 |
Grants Awarded
Over the last fiscal year, Foundation For World Evangelism has awarded $316,390 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Charlotte, NC PURPOSE: DORO CLINIC | $187,890 |
Charlotte, NC PURPOSE: CHURCH DISCIPLESHIP | $113,000 |
Charlotte, NC PURPOSE: MISSIONARY SUPPORT | $15,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joseph Rowntree Foundation | $422,657,604 | $8,163,690 |
American School Of Milan | $34,975,339 | $18,900,429 |
Shalva Israel Assoc To Relieve The Handicapped Child And Family | $89,694,654 | $19,416,096 |
Cuso International | $17,986,190 | $25,338,532 |
West Africa Rice Development Association | $23,999,248 | $19,439,683 |
Merton College | $449,219,486 | $18,363,821 |
Cooperativa De Ahorro Y Credito De Vega Alta | $355,977,126 | $21,743,565 |
Ivey Business School Foundation | $20,172,840 | $19,210,645 |
Tula Foundation | $43,438,708 | $5,288,962 |
Allgemeine Anthroposophische | $21,895,649 | $16,689,603 |
Master & Fellows Of Peterhouse | $470,069,266 | $14,639,374 |
Bermuda Institute Of Ocean Sciences Bios Inc | $48,144,596 | $11,893,948 |