Brethren Foundation Inc
- Assets
- $5.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Elgin, IL
- Founding
- 01/1991
- Data as of
- 12/2021
- EIN
- 36-3717013
Organization Overview
Brethren Foundation Inc is located in Elgin, IL. The organization was established in 1991. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, 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. Brethren Foundation Inc 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, Brethren Foundation Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $979.6k during the year ending 12/2021. While expenses have increased by 1.1% 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
SUPPORTS THE FINANCIAL WELL-BEING OF THE CHURCH OF THE BRETHREN BY OFFERING TRUST AND CUSTODIAL SERVICES FOR INVESTMENTS AND DEFERRED GIFTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTS THE FINANCIAL WELL-BEING OF THE CHURCH OF THE BRETHREN AND OTHER PERSONS AND GROUPS THAT SHARE SIMILAR VALUES BY OFFERING TRUST AND CUSTODIAL SERVICES FOR INVESTMENTS AND DEFERRED GIFTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mcgough Treasurer/cfo | Officer | 20 | $0 |
Lynnae Rodeffer Vice President | Officer | 1 | $0 |
Nevin Dulabaum President | Officer | 20 | $0 |
Steve Mason Foundation Director | Officer | 35 | $0 |
Scott Douglas Vice President | Officer | 1 | $0 |
Michelle Kilbourne Secretary | Officer | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Iridian Asset Management Llc Investment Management | 12/30/14 | $131,053 |
Cornerstone Investment Management | 12/30/14 | $107,329 |
Segall Bryant & Hamill Investment Management | 12/30/14 | $108,965 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,043,474 |
| Investment income | $23,901 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,067,375 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $13,395 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,456 |
| Fees for services: Other | $36,598 |
| Advertising and promotion | $1,274 |
| Office expenses | $18,595 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,825 |
| 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 | $979,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $511,596 |
| Savings and temporary cash investments | $131,651 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,903 |
| 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 | $5,540 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,759,621 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $418,864 |
| Total assets | $5,862,175 |
| Accounts payable and accrued expenses | $5,624 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,633,071 |
| 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 | $1,941,486 |
| Total liabilities | $3,580,181 |
| Net assets without donor restrictions | $2,281,994 |
| Net assets with donor restrictions | $0 |
| 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 | $5,862,175 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The First Spoke Foundation Chicago, IL | $10,124,413 | $552,668 |
Catholic Foundation For The Archdiocese Of Dubuque Cedar Rapids, IA | $127,453,113 | $10,700,862 |
Grace Brethren Investment Foundation Inc Winona Lake, IN | $110,003,022 | $4,308,354 |
St Joseph Real Estate Services Corporation Green Bay, WI | $9,099,106 | $3,700,773 |
Bible League Foundation Crete, IL | $15,182,240 | $1,097,305 |
Chicago Southwest Development Corporation Chicago, IL | $14,735,476 | $67,891 |
Religion News Foundation Columbia, MO | $2,784,139 | $2,640,609 |
Calvin B Beach Trust 01-13620 Po Box Chicago, IL | $5,695,051 | $2,192,787 |
Ancient Faith Ministries Chesterton, IN | $2,111,722 | $3,110,597 |
City On A Hill Inc Milwaukee, WI | $1,825,972 | $1,822,673 |
Apostolic Christian Counseling And Family Services Inc Morton, IL | $2,415,352 | $1,859,665 |
Eastern Star Jewel Human Services Corporation Indianapolis, IN | $15,251,442 | $10,957,782 |