Forever Caring Fund Of East Pa Conference Of Churches Of God
- Assets
- $6.0m
- Revenue
- $757.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Carlisle, PA
- Founding
- 09/1984
- Data as of
- 12/2021
- EIN
- 23-2206565
Organization Overview
Forever Caring Fund Of East Pa Conference Of Churches Of God is located in Carlisle, PA. The organization was established in 1984. According to its NTEE Classification (X21) the organization is classified as: Protestant, 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. Forever Caring Fund Of East PA Conference Of Churches Of God 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, Forever Caring Fund Of East PA Conference Of Churches Of God generated $757.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $150.0k during the year ending 12/2021. While expenses have increased by 1.9% 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
THE PURPOSE OF THE CORPORATION WILL BE TO HOLD, INVEST, MANAGE, ADMINISTER AND DISBURSE DONATIONS FOR THE CARE OF THE AGED OF CHURCH OF GOD HOME, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE CORPORATION, WHICH IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501 OF THE INTERNAL REVENUE CODE OF 1954, OR THE CORRESPONDING PROVISION OF ANY SUBSEQUENT LAW, SHALL BE TO HOLD, INVEST, MANAGE, ADMINISTER AND DISBURSE PROPERTY OF ALL TYPES WHICH MAY BE CONTRIBUTED, DEVISED, BEQUEATHED OR OTHERWISE GIVEN TO THE CORPORATION FOR ITS USE AS A CHARITABLE ORGANIZATION CONCERNED PRINCIPALLY WITH THE CARE OF THE AGED AND TO FURTHER THE GOALS AND OBJECTIVES FOR SUCH CARE AS DEMONSTRATED BY THE EASTERN REGIONAL CONFERENCE OF THE CHURCHES OF GOD AND THE BOARD OF TRUSTEES OF THE CHURRCH OF GOD HOME, INC. THE DISBURSEMENT POLICIES SHALL ATTEMPT TO PRESERVE THE PRINCIPAL OF THE SAID FUND WHERE PRACTICABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Kaufman Secretary | OfficerTrustee | 0.5 | $0 |
David C Gority Treasurer | OfficerTrustee | 0.5 | $0 |
Dennis Wilson Vice-President | OfficerTrustee | 0.5 | $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 | $4,582 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,582 |
| Total Program Service Revenue | $0 |
| Investment income | $53,606 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $699,321 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $757,509 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $116,256 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,698 |
| 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 | $149,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,190 |
| 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 | $5,939,713 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,980,903 |
| 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 | $4,692,381 |
| Net assets with donor restrictions | $1,288,522 |
| 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 | $5,980,903 |
Endowment Analysis
| Beg. Balance | $1,101,606 |
| Earnings | $217,504 |
| Admin Expense | $5,016 |
| Other Expense | $25,572 |
| Ending Balance | $1,288,522 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jericho Road Ministries Buffalo, NY | $18,205,160 | $33,426,407 |
Lutheran Metropolitan Ministry Cleveland, OH | $18,738,675 | $17,759,604 |
Allegheny Christian Ministries Inc Davidsville, PA | $38,200,774 | $15,292,009 |
Interfaith Works Inc Rockville, MD | $3,434,731 | $16,207,843 |
Diakon Topton, PA | $25,282,356 | $12,688,159 |
Shalom Ministries International Inc Dublin, OH | $25,383,102 | $20,342,961 |
Gateways Organization Inc Monsey, NY | $26,241,298 | $11,762,904 |
Disciplemakers Inc State College, PA | $2,971,948 | $5,867,999 |
Cleveland Christian Home Inc Cleveland, OH | $9,204,950 | $4,752,818 |
St Luke Lutheran Community Portage Lakes North Canton, OH | $4,808,544 | $3,061,019 |
Reaching Above Hopelessness And Brokenness Ministries Inc Canton, OH | $2,291,437 | $3,403,692 |
Lutheran Church In America Lutheran Social Services Of Northwestern Oh Toledo, OH | $5,710,992 | $3,245,604 |