Eastminster Foundation For Promotion Of The Reformed Faith
- Assets
- $2.5m
- Revenue
- $190.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 03/2012
- Data as of
- 06/2022
- EIN
- 45-2653382
Organization Overview
Eastminster Foundation For Promotion Of The Reformed Faith is located in Wichita, KS. The organization was established in 2012. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, 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. Eastminster Foundation For Promotion Of The Reformed Faith 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 06/2022, Eastminster Foundation For Promotion Of The Reformed Faith generated $190.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $122.5k during the year ending 06/2022. While expenses have increased by 4.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE EASTMINSTER FOUNDATION FOR PROMOTION OF THE REFORMED FAITH, INC. ("FOUNDATION") WAS FORMED TO RECEIVE AND ADMINISTER CERTAIN ENDOWMENT FUNDS FROM EASTMINSTER PRESBYTERIAN CHURCH, WICHITA, KANSAS ("EASTMINSTER"), SUPPORT THE MISSION AND MINISTRY OF EASTMINSTER, AND TO OTHERWISE ADVANCE THE HISTORICAL BIBLICAL REFORMED FAITH THROUGHOUT THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FUND THE MISSIONS OF EASTMINSTER PRESBYTERIAN CHURCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Dakan Secretary | OfficerTrustee | 1 | $0 |
Tom Kice Vice Chair | OfficerTrustee | 1 | $0 |
Charlie Wilson Chair | OfficerTrustee | 1 | $0 |
Reagan Mathews Treasurer | OfficerTrustee | 1 | $0 |
Kim Case Assistant Treasurer | Officer | 10 | $0 |
Bill Johnson Member | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $41,049 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,191 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $147,060 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $190,300 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $104,000 |
| 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. | $1,500 |
| Compensation of current officers, directors, key employees. | $1,500 |
| 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 | $900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,774 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $1,066 |
| All other expenses | $0 |
| Total functional expenses | $122,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,700 |
| Savings and temporary cash investments | $136,832 |
| 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 | $2,385,642 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,527,174 |
| 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 | $0 |
| Net assets with donor restrictions | $2,527,174 |
| 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 | $2,527,174 |
Grants Awarded
Over the last fiscal year, Eastminster Foundation For Promotion Of The Reformed Faith has awarded $67,890 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Wichita, KS PURPOSE: TO FUND EASTMINSTER MEMBERS GOING ON MISSIONS TRIPS WHO NEED FINANCIAL ASSISTANCE | $42,136 |
Wichita, KS PURPOSE: TO FUND PASTORAL INTERNS | $20,754 |
Wichita, KS PURPOSE: TO FUND LECTURES, BRINGING THEOLOGIANS AND OTHER SPEAKERS TO EASTMINSTER WITH EMPHASIS ON: A) EVANGELISM AND INTELLECTUAL STIMULATION FOR SENIOR AND B) ENCOURAGING YOUTH TO PURSUE CAREERS OF CHRISTIAN MINISTRY OR SERVICE. | $5,000 |
Wichita, KS PURPOSE: TO FUND YOUTH RETREATS | $0 |
Endowment Analysis
| Beg. Balance | $2,780,078 |
| Earnings | -$391,962 |
| Admin Expense | $12,951 |
| Other Expense | $3,679 |
| Grants | $104,000 |
| Ending Balance | $2,267,486 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marvin M Schwan Charitable Foundation Earth City, MO | $409,431,512 | $16,300,505 |
Catholic Foundation For The Roman Catholic Church In Northern Co Greenwood Village, CO | $189,871,667 | $21,361,105 |
Bethesda Associates Colorado Springs, CO | $36,099,064 | $6,342,925 |
Perception Funding Inc Kansas City, MO | $746,520 | $3,023,889 |
Catholic Community Foundation Kansas City, MO | $9,563,701 | $3,058,896 |
Reruns R Fun Inc La Vista, NE | $1,226,554 | $873,036 |
Adoratio Foundation Beloit, KS | $803,045 | $489,138 |
Truth Encounter Ministries Colorado Springs, CO | $1,572,100 | $267,468 |
Et Cetera Shop Of Liberal Inc Liberal, KS | $0 | $408,528 |
Servant Leadership Foundation Littleton, CO | $36,057 | $361,000 |
Science Of Mind Foundation Inc Golden, CO | $8,038,241 | $658,764 |
Asia Minor Ministries Jenks, OK | $98,344 | $368,491 |