Presbyterian Outlook Found Inc
- Assets
- $657.1k
- Revenue
- $780.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Richmond, VA
- Founding
- 12/1983
- Data as of
- 10/2021
- EIN
- 54-1186581
Organization Overview
Presbyterian Outlook Found Inc is located in Richmond, VA. The organization was established in 1983. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, under the broad grouping of Religion-Related and related organizations. As of 10/2022, Presbyterian Outlook Found Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian Outlook Found 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 10/2021, Presbyterian Outlook Found Inc generated $780.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $772.4k during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MAIN OBJECTIVE IS CREATING AND CURATING TRUSTWORTHY RESOURCES FOR THE CHURCH, THE PRESBYTERIAN OUTLOOK CONNECTS DISCIPLES OF JESUS CHRIST, THROUGH COMPELLING AND COMMITTED CONVERSATION FOR THE PROCLAMATION OF THE GOSPEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISHED 18 PUBLICATIONS OF "THE PRESBYTERIAN OUTLOOK" OVER THE COURSE OF THE YEAR, PROVIDING THOUGHT-PROVOKING COMMENTARY AND VALUABLE INFORMATION TO OVER 6000 SUBSCRIBERS.
PROVIDED EDUCATIONAL RESOUCES FOR PROFESSIONAL DEVELOPMENT FOR CHURCH LEADERS AT MINIMAL COST.
MAINTAINED A STRONG INTERNET PRESENCE VIA OUR WEBSITE AND DIGITAL EDITIONS THAT INCLUDE MOST OF OUR ARTICLES, AND THAT AGGREGATES BLOG POSTS AND LETTERS TO THE EDITOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Rich President | OfficerTrustee | 2 | $0 |
James Allison Treasurer | OfficerTrustee | 2 | $0 |
Bridgett Green Vice President | OfficerTrustee | 1 | $0 |
Benjamin Kane Secretary | OfficerTrustee | 1 | $0 |
Sharon Core Director | Trustee | 1 | $0 |
Mark Currie Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $176,855 |
| Noncash contributions included in lines 1a–1f | $2,101 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $249,555 |
| Total Program Service Revenue | $514,346 |
| Investment income | $16,859 |
| 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 | $780,760 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $125,202 |
| Compensation of current officers, directors, key employees. | $25,041 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,277 |
| Pension plan accruals and contributions | $6,389 |
| Other employee benefits | $58,852 |
| Payroll taxes | $16,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,121 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $114,588 |
| Advertising and promotion | $34,299 |
| Office expenses | $1,020 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,851 |
| Travel | $1,905 |
| 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 | $1,091 |
| Insurance | $5,642 |
| All other expenses | $14,131 |
| Total functional expenses | $772,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,069 |
| Savings and temporary cash investments | $37,397 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,586 |
| 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 | $1,546 |
| Net Land, buildings, and equipment | $3,512 |
| Investments—publicly traded securities | $576,604 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $345 |
| Other assets | $0 |
| Total assets | $657,059 |
| Accounts payable and accrued expenses | $21,881 |
| Grants payable | $0 |
| Deferred revenue | $185,077 |
| 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 | $206,958 |
| Net assets without donor restrictions | $378,515 |
| Net assets with donor restrictions | $71,586 |
| 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 | $657,059 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Presbyterian Outlook Found Inc has recieved totaling $1,037.
| Awarding Organization | Amount |
|---|---|
William W Capel And Ernest J Martin Iii Family Foundation Champaign, IL PURPOSE: COMMUNITY SERVICE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $37 |
Endowment Analysis
| Beg. Balance | $576,605 |
| Earnings | -$116,923 |
| Ending Balance | $459,682 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Methodist Church Methodist Publishing House Nashville, TN | $34,674,204 | $21,446,424 |
Gods World Publications Inc Asheville, NC | $5,264,725 | $11,160,512 |
Oak Spring Garden Foundation Upperville, VA | $320,424,904 | $24,563,668 |
Knoxville Leadership Foundation Knoxville, TN | $5,333,605 | $4,089,168 |
The R H Boyd Company Nashville, TN | $13,997,405 | $1,644,843 |
Arlington Catholic Herald Inc Arlington, VA | $2,675,214 | $2,744,696 |
Sword Of The Lord Foundation Murfreesboro, TN | $3,942,238 | $620,448 |
Presbyterian Outlook Found Inc Richmond, VA | $657,059 | $780,760 |
Fortify Your Faith Foundation Inc Jackson, TN | $1,806,781 | $1,011,958 |
Dth Publishing Corporation Chapel Hill, NC | $694,512 | $787,804 |
Speak The Word Ministry Foundation Virginia Beach, VA | $1,289,365 | $806,705 |
Precious Present Truth Inc Laurel, MD | $58,505 | $316,000 |