Issachar Fund
- Assets
- $35.1m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 01/2015
- Data as of
- 12/2023
- 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 12/2023, Issachar Fund generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Issachar Fund has awarded 55 individual grants totaling $3,104,807. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
IDENTITY & BELIEF FORMATION SOCIOLOGY
SCHOLARLY CONSULTATIONS - GIVING HOPE
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 | $207,213 | |
Michael Murray Director | 1 | $4,000 | |
Jeff Schloss Director | 1 | $4,000 | |
Julie Bridenbaugh Director | 1 | $0 | |
Name Not Listed Director | 1 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $995,677 |
| Interest on Savings | $25,403 |
| 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 | $0 |
| Total Revenue | $1,021,080 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $207,213 |
| Other employee salaries and wages | $128,437 |
| Pension plans, employee benefits | $61,784 |
| Interest | $0 |
| Taxes | $1,651 |
| Depreciation | $67 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $20,849 |
| Printing and publications | $0 |
| Other expenses | $1,927,798 |
| Total operating and administrative expenses | $2,381,262 |
| Contributions, gifts, grants paid | $149,092 |
| Total expenses and disbursements | $2,530,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $496,940 |
| Savings and temporary cash investments | $801,439 |
| 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 | $3,375 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $33 |
| Other assets | $33,768,637 |
| Total assets | $35,070,424 |
| Accounts payable and accrued expenses | $24,922 |
| Grants payable | $279,943 |
| 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 | $304,865 |
Grants Awarded
Over the last fiscal year, Issachar Fund has awarded $282,394 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
JOEL CARPENTER PURPOSE: KWAME BEDIAKO AND THECHANGING CENTER OF WORLD CHRISTIANITY | $2,392 |
AMERICAN ASSOCIATION ADVANCEMENT SCIENCE PURPOSE: ENGAGING FAITHCOMMUNITIES & INFORMAL SCIENCE LEARNING | $50,000 |
DUKE UNIVERSITY PURPOSE: TRANSFORMATIVE IDEAS: EXPLORING SCIENCE & RELIGION | $15,000 |
UNIVERSITY OF TEXAS AUSTIN PURPOSE: THE THEOLOGY OFOPEN QUANTUMSYSTEMS | $29,744 |
UNIVERSITY OF WASHINGTON PURPOSE: SCIENCE OF LIFE WORTH LIVINGTO GOAL DIRECTEDNESS IN ABIOGENESIS. | $22,000 |
AMERICANS FOR OXFORD PURPOSE: SIMPLICITYBIAS | $105,456 |