Presbyterian Foundation
- Assets
- $5.4m
- Revenue
- $778.3k
- Investments
- $3.9m
- Employees
- 0
- Location
- Columbus, IN
- Founding
- 09/1972
- Data as of
- 12/2021
- EIN
- 23-7212293
Organization Overview
Presbyterian Foundation is located in Columbus, IN. The organization was established in 1972. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian Foundation 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, Presbyterian Foundation generated $778.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $97.1k during the year ending 12/2021. 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
TO SUPPORT THE ACTIVITIES OF THE FIRST PRESBYTERIAN CHURCH OF COLUMBUS, INDIANA
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ASSISTANCE TO ACTIVITIES OF FIRST PRESBYTERIAN CHURCH, COLUMBUS, INDIANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Bonnell Secretary | OfficerTrustee | 1 | $0 |
Clare Moore President | OfficerTrustee | 2 | $0 |
Colleen Herrick Treasurer | OfficerTrustee | 2 | $0 |
Dan Spurgeon Vice President | OfficerTrustee | 1 | $0 |
Kelly Geckler Director | Trustee | 1 | $0 |
Tim Denoyer Director | 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 | $546,834 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $546,834 |
| Total Program Service Revenue | $0 |
| Investment income | $47,865 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $183,625 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $778,324 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $76,907 |
| 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 | $6,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $168 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $22 |
| 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 | $97,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,087 |
| Savings and temporary cash investments | $394,692 |
| 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 | $3,904,319 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,076,887 |
| Total assets | $5,401,985 |
| 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 | $4,014,108 |
| Net assets with donor restrictions | $1,387,877 |
| 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 | $5,401,985 |
Grants Awarded
Over the last fiscal year, Presbyterian Foundation has awarded $163,981 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Columbus, IN PURPOSE: TO SUPPORT THE FIRST PRESBYTERIAN CHURCH IN ITS ACTIVITIES | $101,067 |
Columbus, IN PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE DURING THE COVID-19 PANDEMIC | $11,914 |
Columbus, IN PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE DURING THE COVID-19 PANDEMIC | $10,000 |
Columbus, IN PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE DURING THE COVID-19 PANDEMIC | $9,000 |
Columbus, IN PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE DURING THE COVID-19 PANDEMIC | $9,000 |
Columbus, IN PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE DURING THE COVID-19 PANDEMIC | $9,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Presbyterian Foundation has recieved totaling $30,100.
| Awarding Organization | Amount |
|---|---|
Cedar Street Charitable Foundation Inc Milwaukee, WI PURPOSE: GENERAL | $25,100 |
Orlean And Ralph W Beeson Fund Birmingham, AL PURPOSE: 2020 SCHOLARSHIP AID - THEOLOGICAL EDUCATION FUND. | $5,000 |
Endowment Analysis
| Beg. Balance | $948,248 |
| Earnings | $140,705 |
| Admin Expense | $12,066 |
| Ending Balance | $1,076,887 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |
Klaff Family Foundation Chicago, IL | $171,629,374 | $12,167,429 |
Deborah Joy Simon Foundation Carmel, IN | $67,791,546 | $8,858,983 |
The Pritzker Pucker Family Foundation Chicago, IL | $63,807,485 | $11,921,924 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
Sunshine Charitable Foundation Libertyville, IL | $0 | $4,219,972 |
Tracy Family Foundation Mt Sterling, IL | $19,754,710 | $6,714,098 |
Chicagobeyond Inc Chicago, IL | $1,837,444 | $0 |
Conduit Foundation Chicago, IL | $3,365,161 | $7,119,515 |
Anahata Foundation Chicago, IL | $150,849,919 | $3,685,553 |
Melitta S And Joan M Pick Charitable Trust Milwaukee, WI | $69,688,567 | $15,533,257 |
Chicago Foundation For Women Chicago, IL | $20,116,109 | $10,062,657 |