Golden Cross Foundation Fka Encore Ministry Foundation
- Assets
- $131.4k
- Revenue
- $219.0k
- Investments
- $79.7k
- Employees
- 0
- Location
- Nashville, TN
- Founding
- Data as of
- 12/2023
- EIN
- 46-2817120
Organization Overview
Golden Cross Foundation Fka Encore Ministry Foundation, operating under the name Encore Ministry Foundation, is located in Nashville, TN. Encore Ministry Foundation 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, Encore Ministry Foundation generated $219.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $276.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Encore Ministry Foundation has awarded 47 individual grants totaling $830,265. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CONSULTATION, TRAINING, & SUPPORT, ADVOCACY, RESOURCES, NETWORKING, & GRANT FUNDING TO EQUIP CHURCH LEADERS IN THE TN-WESTERN KY CONFERENCE OF THE UNITED METHODIST CHURCH FOR INTENTIONAL MINISTRTY BY, WITH, & FOR OLDER ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS AN EXTENSION MINISTRY OF THE CHURCH, THE CORPORATIONS PURPOSE IS (1) TO PROVIDE ASSISTANCE IN FUNDING ONGOING MINISTRIES AND SERVICES WITH OLDER ADULTS IN THE LOCAL CHURCHES OF THE TENNESSEE CONFERENCE AND IN THE MIDDLE TENNESSEE CONFERENCE AS A WHOLE AND (2) TO PROVIDE FUNDING TO PROMOTE AND EXPAND MINISTRIES WITH OLDER ADULTS IN THE TENNESSEE CONFERENCE AND (3) PROVIDE EXPERTISE, ASSISTANCE, SUPPORT, AND FUNDING FOR STRATEGIC PLANNING TO THE TENNESSEE CONFERENCE FOR THE EXPANSION OF INNOVATIVE AND EFFECTIVE MINISTRIES WITH OLDER ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Lorance Director | Trustee | 1 | $0 |
Noel Hinote Director | Trustee | 1 | $0 |
Joe Hansen Director | Trustee | 1 | $0 |
Mike Engle Director | Trustee | 1 | $0 |
Marie King Director | Trustee | 1 | $0 |
Janice Boyko Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,452 |
| Fundraising events | $0 |
| Related organizations | $200,000 |
| 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 | $210,452 |
| Total Program Service Revenue | $7,321 |
| Investment income | $0 |
| 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 | $219,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $143,618 |
| 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 | $25,770 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,023 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,700 |
| Advertising and promotion | $13,454 |
| Office expenses | $1,837 |
| Information technology | $9,172 |
| 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 | $3,041 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $750 |
| All other expenses | $5,584 |
| Total functional expenses | $276,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,772 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $79,653 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $131,425 |
| 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 | $131,425 |
| 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 | $131,425 |
Grants Awarded
Over the last fiscal year, Golden Cross Foundation Fka Encore Ministry Foundation has awarded $121,849 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CENTERTOWN UNITED METHODIST CHURCH | | | $10,000 |
CHAPEL HILL UNITED METHODIST CHURCH | | | $10,000 |
TN CONFERENCE UNITED METHODIST CHUR | | | $101,849 |