Episcopal Church Foundation
- Assets
- $567.8m
- Revenue
- $4.5m
- Investments
- $56.2m
- Employees
- 41
- Location
- New York, NY
- Founding
- 12/1969
- Data as of
- 12/2019
- EIN
- 13-1776448
Organization Overview
Episcopal Church Foundation is located in New York, NY. The organization was established in 1969. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. As of 12/2019, Episcopal Church Foundation employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Episcopal Church Foundation generated $4.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $4.5m during the year ending 12/2019. While expenses have increased by 3.2% per year over the past 5 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.
Since 2017, Episcopal Church Foundation has awarded 22 individual grants totaling $309,941. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
HELPS CONGREGATIONS AND OTHER EPISCOPAL GROUPS DEVELOP LEADERSHIP AND FINANCIAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL AND STRATEGIC RESOURCES - THE EPISCOPAL CHURCH FOUNDATION (ECF) PROVIDES A HOLISTIC APPROACH TO VISIONING, PLANNING AND FINANCIAL RESOURCE DEVELOPMENT FOR EPISCOPAL ORGANIZATIONS AND A CONTINUUM OF SERVICES AND SUPPORT INCLUDING ENDOWMENT MANAGEMENT SOLUTIONS, STRATEGY DEVELOPMENT, STEWARDSHIP, ANNUAL GIVING, PLANNED GIVING, AND CAPITAL CAMPAIGN CONSULTATION. IN CONJUNCTION WITH ECF'S LEADERSHIP INITIATIVES DESCRIBED ON LINE 4B, THESE PROGRAMS HELP CONGREGATIONS IDENTIFY GOALS AND RAISE RESOURCES TO ENHANCE AND GROW THEIR LOCAL MINISTRIES AND THEIR WIDER MISSION.
LEADERSHIP RESOURCES - THE EPISCOPAL CHURCH FOUNDATION (ECF) UNDERSTANDS THAT TO LEAD EFFECTIVELY CHURCH LEADERS MUST BE FULLY EQUIPPED WITH APPROPRIATE RESOURCES. ECF'S COMPREHENSIVE VISIONING, TRAINING AND INFORMATION RESOURCES HELP EMPOWER LAY AND ORDAINED LEADERS WITH THE TOOLS THEY NEED TO STRENGTHEN AND GROW THEIR CONGREGATIONS, INCLUDING PUBLICATIONS, WEB-BASED RESOURCES (ECF VITAL PRACTICES), EDUCATIONAL EVENTS, WEB CONFERENCES, AND OTHER COLLABORATIVE LEADERSHIP INTIATIVES. ECF PROVIDES LEADERSHIP-BASED TRAINING AT THE CONGREGATIONAL LEVEL AND PARTNERS WITH SEMINARIES AND OTHER LEADERSHIP FORMATION INSTITUTIONS TO EMPHASIZE THE DEVELOPMENT OF LEADERSHIP CAPACITY. (CONTINUED ON SCHEDULE O)ECF CONSULTING SERVICES ASSIST CONGREGATIONS AND DIOCESES IN MAKING STRATEGIC DECISIONS IN A PRACTICAL AND SPIRITUALLY GROUNDED WAY (ECF STRATEGIC SOLUTIONS). ADDITIONALLY, THROUGH THE FELLOWSHIP PARTNERS PROGRAM, ECF SUPPORTS EPISCOPAL SCHOLARS PURSUING ADVANCED ACADEMIC DEGREES AND INDIVIDUALS INVOLVED IN TRANSFORMATIONAL MINISTRIES AT THE GRASS-ROOTS LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Romanik President | Officer | 40 | $249,134 |
Craig Bossi VP Of Finance & COO | Officer | 40 | $165,730 |
James Murphy Managing Program Director | 40 | $118,702 | |
Ben Anderson-Ray Chairperson | OfficerTrustee | 1 | $0 |
Prudence Crozier Treasurer | OfficerTrustee | 1 | $0 |
Kurt V Feaster Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Are-jay Construction Co Inc General Contractor | 12/30/16 | $243,600 |
Fathom Studio Print And Web Design | 12/30/16 | $115,883 |
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 | $1,038,373 |
| Noncash contributions included in lines 1a–1f | $102,291 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,038,373 |
| Total Program Service Revenue | $1,849,028 |
| Investment income | $1,142,793 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $460,086 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,490,280 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $223,610 |
| Grants and other assistance to domestic individuals. | $126,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $476,477 |
| Compensation of current officers, directors, key employees. | $135,131 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,746,460 |
| Pension plan accruals and contributions | $105,602 |
| Other employee benefits | $262,397 |
| Payroll taxes | $158,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,141 |
| Fees for services: Accounting | $42,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $182,053 |
| Fees for services: Other | $132,561 |
| Advertising and promotion | $63,655 |
| Office expenses | $261,179 |
| Information technology | $79,846 |
| Royalties | $0 |
| Occupancy | $132,126 |
| Travel | $342,245 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,104 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,758 |
| Insurance | $29,884 |
| All other expenses | $0 |
| Total functional expenses | $4,498,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,462 |
| Savings and temporary cash investments | $88 |
| Pledges and grants receivable | $23,405 |
| Accounts receivable, net | $1,439,774 |
| 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 | $55,710 |
| Net Land, buildings, and equipment | $237,041 |
| Investments—publicly traded securities | $509,461,862 |
| Investments—other securities | $56,242,396 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $567,766,738 |
| Accounts payable and accrued expenses | $477,292 |
| Grants payable | $0 |
| Deferred revenue | $821,472 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $482,842,746 |
| 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 | $32,116,003 |
| Total liabilities | $516,257,513 |
| Net assets without donor restrictions | $43,462,500 |
| Net assets with donor restrictions | $8,046,725 |
| 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 | $567,766,738 |
Grants Awarded
Over the last fiscal year, Episcopal Church Foundation has awarded $141,965 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
EPISCOPAL DIOCESE OF BETHLEHEM PURPOSE: General support | $22,500 |
Annandale, VA PURPOSE: General support | $22,100 |
San Francisco, CA PURPOSE: General support | $21,720 |
Concord, NH PURPOSE: General support | $16,650 |
CHRIST CHURCH RIVERDALE PURPOSE: General support | $12,000 |
TRINITY EPISCOPAL CHURCH PURPOSE: General support | $10,175 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Episcopal Church Foundation has recieved totaling $620,150.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: CHALLENGES FACING PASTORAL LEADERS | $500,000 |
Delaware Community Foundation Wilmington, DE PURPOSE: RESTRICTED SUPPORT FOR COUNSELING AND REFERRAL SERVICES OF A BILINGUAL LICENSED SOCIAL WORKER WHO BRIDGES SERVICES FOR LATINO FAMILIES BETWEEN THE PARISH AND THE EMPOWERMENT CENTER/FRIENDSHIP HOUSE IN NEWPORT | $40,000 |
Delaware Community Foundation Wilmington, DE PURPOSE: RESTRICTED SUPPORT FOR COUNSELING AND REFERRAL SERVICES OF A BILINGUAL LICENSED SOCIAL WORKER WHO BRIDGES SERVICES FOR LATINO FAMILIES BETWEEN THE PARISH AND THE EMPOWERMENT CENTER/FRIENDSHIP HOUSE IN NEWPORT | $40,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $17,700 |
Indian River Community Foundation Vero Beach, FL PURPOSE: GENERAL OPERATING | $11,000 |
Indian River Community Foundation Vero Beach, FL PURPOSE: GENERAL OPERATING | $11,000 |
Endowment Analysis
| Beg. Balance | $3,282,665 |
| Earnings | $424,490 |
| Other Expense | $122,000 |
| Ending Balance | $3,585,155 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Catholic Conference Braintree, MA | $107,895,032 | $24,508,990 |
Chapel Haven Endowment Inc New Haven, CT | $12,281,056 | $431,769 |
Jewish Community Foundation Inc Cherry Hill, NJ | $32,373,107 | $4,015,707 |
The Catholic Foundation Of Greater Philadelphia Philadelphia, PA | $23,007,097 | $6,722,792 |
Episcopal Church Foundation New York, NY | $567,766,738 | $4,490,280 |
Friends Of Odyssey Impact Inc New York, NY | $12,216,464 | $488,533 |
Jewish Foundation Of Greater New Haven Inc Woodbridge, CT | $60,992,512 | $7,143,678 |
American Friends Of Lev Aharon New York, NY | $851,383 | $3,260,082 |
Hugh & Chris Galbraith Charitable Remainder Unitrust East Norriton, PA | $157,058,300 | $5,824,886 |
Trustees Of Colt Bequest Inc Hartford, CT | $63,853,393 | $3,961,491 |
Toras Chesed Inc Lakewood, NJ | $624,416 | $2,513,494 |
Shuvi Nafshi Foundation Inc Brooklyn, NY | $80,961 | $1,666,953 |