Charis Foundation Inc
- Assets
- $17.7k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, MI
- Founding
- 06/2016
- Data as of
- 12/2021
- EIN
- 37-1798978
Organization Overview
Charis Foundation Inc is located in Plymouth, MI. The organization was established in 2016. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charis 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, Charis Foundation Inc generated $1.3m in total revenue.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice Ruark President/director | 40 | $81,250 | |
Jamin Ruark Vp/director | 5 | $0 | |
Breanna Saagman Treasurer/director | 10 | $0 | |
Matthew Saagman Secretary/director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $77,500 |
| Interest on Savings | $5,000 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,259,465 |
| Total Revenue | $1,341,965 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,417 |
| Total operating and administrative expenses | $2,280 |
| Contributions, gifts, grants paid | $145,000 |
| Total expenses and disbursements | $147,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,719 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,719 |
| 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 | $2,897,570 |
| Total liabilities | $2,897,570 |
Grants Awarded
Over the last fiscal year, Charis Foundation Inc has awarded $133,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WOLISO KALE HEYWET CHURCH PURPOSE: CONTRIBUTIONS | $20,000 |
NEW CITY KIDS PURPOSE: CONTRIBUTIONS | $110,000 |
DREAM CENTER PURPOSE: CONTRIBUTION | $3,000 |