New Zealand Anglican Church Pension Board
- Assets
- $90.1m
- Revenue
- $2.8m
- Investments
- $16.3m
- Employees
- 0
- Location
- Founding
- 10/1996
- Data as of
- 03/2023
- EIN
- 98-0160621
Organization Overview
New Zealand Anglican Church Pension Board is located in null. The organization was established in 1996. According to its NTEE Classification (Y30) the organization is classified as: Pension & Retirement Funds, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Zealand Anglican Church Pension Board 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 03/2023, New Zealand Anglican Church Pension Board generated $2.8m 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 (4.1%) each year. All expenses for the organization totaled $18.0m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 4 years. 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
THE PROVISION OF RETIREMENT AND WELFARE BENEFITS TO CLERGY OF THE NEW ZEALAND ANGLICAN CHURCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASH ACCUMULATION TOWARDS A PENSION FOR CLERGY IN SERVICE - 401 MEMBERS. PENSIONS PAID TO RETIRED CLERGY AND DEPENDENTS - 615.
GRANTS TO CLERGY AND DEPENDENTS FOR WELFARE (78 BENEFICIARIES); HEALTH (325 BENEFICIARIES); EDUCATION (27 BENEFICIARIES)
LIFE AND INCOME CONTINUANCE INSURANCE COVER FOR ORDAINED AND NON-ORDAINED CHURCH WORKERS. THERE ARE 197 PERSONS COVERED AT 31 MARCH 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Simon Brodie Chief Investment Officer | 30 | $148,873 | |
Margaret Bearsley Chief Executive | Officer | 40 | $123,701 |
Manher Sukha Investment Manager | 37.5 | $104,945 | |
Tracey Chong Chief Financial Officer | 37.5 | $97,142 | |
Andrew Johnson Independent Licensed Trustee | Trustee | 3 | $20,954 |
The Reverend Vicki Sykes Board Member | Trustee | 2 | $8,757 |
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 | $1,601,759 |
| Investment income | $2,248,159 |
| 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 | $2,848,682 |
| 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 | $469,350 |
| Benefits paid to or for members | $4,911,093 |
| Compensation of current officers, directors, key employees. | $167,243 |
| Compensation of current officers, directors, key employees. | $90,311 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,022,534 |
| Pension plan accruals and contributions | $52,459 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,121 |
| Fees for services: Accounting | $68,797 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $181,022 |
| Fees for services: Other | $31,934 |
| Advertising and promotion | $30,588 |
| Office expenses | $102,916 |
| Information technology | $85,710 |
| Royalties | $0 |
| Occupancy | $27,994 |
| Travel | $10,049 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,021 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,395 |
| Insurance | $173,526 |
| All other expenses | $0 |
| Total functional expenses | $17,956,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,652,790 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $132,415 |
| 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 | $1,300,439 |
| Investments—publicly traded securities | $68,592,539 |
| Investments—other securities | $16,276,977 |
| Investments—program-related | $169,686 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $90,124,846 |
| Accounts payable and accrued expenses | $249,424 |
| 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 | $249,424 |
| 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 | $89,875,422 |
| Total liabilities and net assets/fund balances | $90,124,846 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|