Gods Gift Foundation
- Assets
- $1.6m
- Revenue
- $18.0k
- Investments
- $1.6m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 02/2003
- Data as of
- 12/2022
- EIN
- 27-0038384
Organization Overview
Gods Gift Foundation is located in Grand Rapids, MI. The organization was established in 2003. 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. Gods Gift 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 12/2022, Gods Gift Foundation generated $18.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.4%) each year. All expenses for the organization totaled $139.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRAYERFULLY LOOKING OUT OVER THE WORLD TO DETECT AND SUPPORT VIABLE CHRISTIAN MINISTRIES IN GREAT NEED THROUGH GIFTS OF RESOURCES AND COACHING, AND DEVELOPMENT OF MINISTRY LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda L Greene Secretary/tr | 10 | $0 | |
Jeffery W Greene President & | 15 | $65,678 | |
Kenneth W Greene Trustee | 2 | $0 | |
Bonnie Jane Greene Vice Pres & | 3 | $0 | |
Jeffrey A Asfour Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $40 |
| Dividends & Interest | $7,382 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,595 |
| Capital Gain Net Income | $5,595 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,017 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,678 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $60 |
| Taxes | $4,890 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,451 |
| Printing and publications | $0 |
| Other expenses | $27,605 |
| Total operating and administrative expenses | $108,523 |
| Contributions, gifts, grants paid | $30,613 |
| Total expenses and disbursements | $139,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,526 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,330,282 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,619,898 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Gods Gift Foundation has awarded $30,613 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL CHRISTIAN FOUNDATION PURPOSE: SUPPORT PASTORS & MINISTRY LEADERS | $30,000 |
AMIINA MINISTRIES PURPOSE: UGANDAN WIDOW AND ORPHAN SUPPORT | $500 |
GRACE EXPLORATIONS PURPOSE: DEVELOPING LEADERS IN CHRISTIAN MEN | $113 |