Barnabas Foundation

Barnabas Foundation Overview

Barnabas Foundation is located in Crete, IL. The organization was established in 2019. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2017, Barnabas Foundation employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2017, Barnabas Foundation generated $83.3m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $67.4m during the year ending 12/2017. While expenses have increased by 13.4% per year over the past 3 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2017

Describe the Organization's Mission:

Part 3 - Line 1

ENCOURAGE GOD-GLORIFYING STEWARDSHIP, BASED ON BIBLICAL PRINCIPLES, OF MATERIAL RESOURCES AMONG CHRISTIANS WHO ACTIVELY SUPPORT BARNABAS FOUNDATION MEMBER CHURCH AND MINISTRY ORGANIZATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BARNABAS FOUNDATION SERVES AS A COMMUNITY FOUNDATION FOR ITS 200 CHRISTIAN CHURCH AND MINISTRY MEMBER ORGANIZATIONS AND PROVIDES FINANCIAL SUPPORT TO CHRISTIAN REFORMED CHURCHES, THEIR AGENCIES AND MANY OTHER MINISTRIES THAT FURTHER THE KINGDOM OF JESUS CHRIST. GRANTS OF OVER 60 MILLION DOLLARS WERE EITHER DISTRIBUTED OR ACCRUED FOR FUTURE DISTRIBUTION TO THE FOLLOWING TYPES OF CHARITABLE ORGANIZATIONS: 45% SUPPORTED CHRISTIAN OR SECULAR EDUCATIONAL INSTITUTIONS, 32% SUPPORTED CHRISTIAN MISSIONS, EVANGELISM AND CHURCHES, 7% SUPPORTED HUMAN SERVICE AND RELIEF ORGANIZATIONS, 3% SUPPORTED ORGANIZATIONS PROVIDING HOUSING OR SHELTER, 3% SUPPORTED HEALTHCARE ORGANIZATIONS, 2% SUPPORTED ENVIRONMENTAL ORGANIZATIONS AND 8% SUPPORTED OTHER RELIGIOUS OR SECULAR CHARITIES. OF THE 60 MILLION DOLLARS DISTRIBUTED OR DESIGNATED FOR DISTRIBUTION, 45 MILLION CAME FROM DONOR-ADVISED FUND ACCOUNTS OR DONOR RESTRICTED FUND ACCOUNTS, 14 MILLION FROM DONOR BEQUESTS AT DEATH AND ONE-HALF MILLION FROM MATURED LIFE INCOME AGREEMENTS. FUNDS RECEIVED BY THE FOUNDATION ARE ADMINISTERED AND INVESTED UNTIL GRANTS ARE APPROVED TO MEMBER CHURCH AND MINISTRY ORGANIZATIONS, AS WELL AS TO NON-MEMBER CHURCHES AND OTHER 501(C)(3) PUBLIC CHARITIES AFTER CAREFUL REVIEW OF THEIR TAX EXEMPT STATUS, MISSION, PURPOSE AND PRACTICES.


BARNABAS FOUNDATION SERVES ITS CHRISTIAN MEMBER ORGANIZATIONS WITH A COMPREHENSIVE PLANNED GIVING PROGRAM THAT INCLUDES EDUCATION AND TRAINING, CHARITABLE GIFT MARKETING AND MESSAGING GUIDANCE, CHARITABLE GIFT PLANNING MEETINGS WITH MEMBER SUPPORTERS, CHARITABLE GIFT ANNUITY ISSUANCE AND ADMINISTRATION, MANAGEMENT OF CHARITY ENDOWMENT FUND ASSETS AND PROPER CHARITABLE GIFT ACCEPTANCE AND REPORTING. THROUGH MEMBER AFFILIATION WITH BARNABAS FOUNDATION, CHURCH AND MINISTRY ORGANIZATIONS HAVE ACCESS TO A PLANNED GIVING PROGRAM AND THE EXPERTISE REQUIRED TO MAINTAIN IT AT A FRACTION OF THE COST IT WOULD TAKE TO DEVELOP ON THEIR OWN. BY PARTICIPATING WITH OTHER CHURCH AND MINISTRY MEMBERS AND SHARING IN THE COSTS OF THE FOUNDATION, THE MEMBERS CAN DEDICATE MORE OF THEIR RESOURCES TOWARD THE FULFILLMENT OF THEIR MISSION.


BARNABAS FOUNDATION PROVIDES EDUCATION AND TRAINING FOR CHURCHES TO ENCOURAGE THEIR CONGREGATION MEMBERS TO BE FAITHFUL TO GOD WITH THEIR FINANCES. THE PURPOSE OF THE EDUCATION IS TO HELP INDIVIDUALS TO BE WISE STEWARDS OF GOD-GIVEN RESOURCES SO THEY CAN EXPERIENCE THE PEACE AND JOY THAT COMES FROM LIVING A GENEROUS LIFE. IN 2017 THE ORGANIZATION PROVIDED EDUCATIONAL RESOURCES AND TRAINING TO OVER 750 CHURCHES AND ITS OTHER MEMBER ORGANIZATIONS.


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Barnabas Foundation Vendors

Vendor Name (Service)Compensation
Neuberger Berman
Investment Management
$276,153
Stellar Technology Solutions
Software Services
$199,846
Artisan Partners Funds
Investment Management
$196,192
Nepc Llc
Investment Consultant
$160,333
Standard Life
Investment Management
$142,787
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$948,764
Fundraising events$0
Related organizations$11,747,750
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$58,899,833
Noncash contributions included in lines 1a–1f $40,591,372
Total Revenue from Contributions, Gifts, Grants & Similar$71,596,347
Total Program Service Revenue$844,279
Investment income $4,141,934
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,052,985
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $83,271,055

Barnabas Foundation Grants Awarded

Over the last fiscal year, Barnabas Foundation has awarded $57,702,526 in support to 726 organizations.

Grant RecipientAmount

WORLD RENEW (FKA CRWRC)

Org PageRecipient Profile

Grand Rapids, MI

PURPOSE: General Support

$3,515,927

WESTMINSTER SEMINARY CALIFORNIA

Org PageRecipient Profile

Escondido, CA

PURPOSE: General Support

$3,130,100

ILLIANA CHRISTIAN HIGH SCHOOL

Org PageRecipient Profile

Dyer, IN

PURPOSE: General Support

$2,976,432

Grand Rapids, MI

PURPOSE: General Support

$2,857,880

DORDT COLLEGE INC

Org PageRecipient Profile

Sioux Center, IA

PURPOSE: General Support

$1,950,500

ELIM CHRISTIAN SERVICES

Org PageRecipient Profile

Crestwood, IL

PURPOSE: General Support

$1,606,757
View Grant Profile

Barnabas Foundation Grants Recieved

Over the last fiscal year, we have identified 2 grants that Barnabas Foundation has recieved totaling $165,000.

Awarding OrganizationAmount
The Bos Family Foundation

Wheatfield, IN

PURPOSE: EUTS FUND - GENERAL EXPENSES

$120,000
Fidelity Stewards Fund

Portage, MI

PURPOSE: CHRISTIAN CAUSE: PROVIDES ANONYMITY

$45,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,346,548
Earnings$1,054,819
Grants$300,000
Ending Balance$8,101,367

Barnabas Foundation Peer Organizations

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