Issachar Fund
- Assets
- $35.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 45-4025139
Organization Overview
Issachar Fund is located in Grand Rapids, MI. The organization was established in 2015. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Issachar Fund 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, Issachar Fund generated $2.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Issachar Fund has awarded 39 individual grants totaling $2,287,359. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSULTATIONS - ART SEEKING UNDERSTANDING GATHERING OF ARTISTS, PRACTITIONERS & THEOLOGIANS WORKSHOPS TO REFINE GRANTS WITH PEERS AND EXPERTS VIA SERIES OF WORKSHOPS
SCIENCE & RELIGION - IDENTITY AND BELIEF FORMATION - SOCIOLOGY
THE CONSEQUENCES OF FORMAL EDUCATION FOR SCIENCE & RELIGION - PSYCHOLOGY
SCIENCE & RELIGION - AN EVOLUTIONARY PERSPECTIVE ANTHROPOLOGY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt O Berends President | 40 | $181,730 | |
Sara Hohnstein Treas/sec | 30 | $69,965 | |
Jeff Schloss Director | 1 | $0 | |
James Blankemeyer Director | 1 | $0 | |
Michael Murray Director | 1 | $0 | |
Julie Bridenbaugh Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,034,443 |
| Interest on Savings | $2,507 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$44,339 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $143,415 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,992,611 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $251,696 |
| Other employee salaries and wages | $194,712 |
| Pension plans, employee benefits | $87,695 |
| Interest | $0 |
| Taxes | $32,425 |
| Depreciation | $1,045 |
| Occupancy | $22,274 |
| Travel, conferences, and meetings | $13,537 |
| Printing and publications | $0 |
| Other expenses | $703,718 |
| Total operating and administrative expenses | $1,328,887 |
| Contributions, gifts, grants paid | $116,758 |
| Total expenses and disbursements | $1,445,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,153 |
| Savings and temporary cash investments | $1,027,988 |
| 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 | $2,833 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $216 |
| Other assets | $33,980,917 |
| Total assets | $35,287,107 |
| Accounts payable and accrued expenses | $29,994 |
| Grants payable | $622,826 |
| 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 | $652,820 |
Grants Awarded
Over the last fiscal year, Issachar Fund has awarded $693,435 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: PETER HARRISON SCHOLARSHIPS IN SCIENCE & RELIGION(SECOND SERIES) | $118,000 |
CALVIN UNIVERSITY NAGEL INSTITUTE PURPOSE: KUYERS/HENRY INST. FORMATION PRACTICES OF CIVIC HOSPITALITY | $111,338 |
New York, NY PURPOSE: SIMPLICITYBIAS | $109,997 |
DUKE UNIVERSITY PURPOSE: EQUIPPING FUTURE CHRISTIANTHOUGHT LEADERS IN ACADEMICHEALTH CARE YR 2 | $98,900 |
RUTGERS UNIVERSITY PURPOSE: DEAN ZIMMERMAN PROJECT- HOW CAN WE KNOW GOD | $96,186 |
DUKE UNIVERSITY PURPOSE: LIVING HOPEIN AN ANTHROPOCENE | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Issachar Fund has recieved totaling $1,268,716.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $1,268,716 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Glen At St Joseph Dayton, OH | $19,520,405 | $4,747,418 |
Chipstone Foundation Milwaukee, WI | $75,856,336 | $12,810,541 |
Jerry And Laura Jacobson Foundation Inc Sugarcreek, OH | $0 | $911,608 |
Johnson Foundation Inc Racine, WI | $58,249,744 | $4,338,703 |
Saga Foundation Kalamazoo, MI | $17,766,736 | $2,178,963 |
Issachar Fund Grand Rapids, MI | $35,287,107 | $1,992,611 |
Charley Creek Foundation Inc Wabash, IN | $33,142,030 | $2,206,406 |
Lucy R Buechner Corp Youngstown, OH | $25,806,866 | $1,668,625 |
Here To Help Foundation Royal Oak, MI | $4,136,614 | $1,604,288 |
Stephen A Comunale Jr Charitable Foundation Akron, OH | $4,553,642 | $1,944,258 |
Daniel J Kobasic Foundation Escanaba, MI | $20,407,296 | $7,855,085 |
St Johns Elderly Housing Corporation Eau Claire, WI | $4,250,998 | $912,893 |