Rhema Foundation Inc
- Assets
- $9.9m
- Revenue
- $14.8m
- Investments
- $9.7m
- Employees
- 0
- Location
- Grapevine, TX
- Founding
- 07/1999
- Data as of
- 12/2022
- EIN
- 75-2820139
Organization Overview
Rhema Foundation Inc is located in Grapevine, TX. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Rhema Foundation 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 12/2022, Rhema Foundation Inc generated $14.8m in total revenue. All expenses for the organization totaled $4.1m during the year ending 12/2022.
Since 2016, Rhema Foundation Inc has awarded 59 individual grants totaling $6,884,149. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William R Kruse President | 0 | $0 | |
Deborah L Kruse Secretary | 0 | $0 | |
William T Kruse Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,664,000 |
| Interest on Savings | $824 |
| Dividends & Interest | $190,342 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,114 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$8,843 |
| Total Revenue | $14,844,209 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,409 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $515 |
| Printing and publications | $0 |
| Other expenses | $224 |
| Total operating and administrative expenses | $72,451 |
| Contributions, gifts, grants paid | $4,010,284 |
| Total expenses and disbursements | $4,082,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,145 |
| Savings and temporary cash investments | $101,876 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $490,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,894,743 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Rhema Foundation Inc has awarded $4,010,284 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
NORMA ELENA HERNANDEZ LEOS PURPOSE: MISSION SUPPORT | $7,200 |
AMERICAN FAMILY ASSOCIATION PURPOSE: GENERAL SUPPORT | $17,000 |
BILL GLASS BEHIND THE WALLS PURPOSE: GERERAL SUPPORT | $20,000 |
BILLY BANKS MINISTRIES INC PURPOSE: GENERAL SUPPORT | $18,000 |
CHOSEN ONES PURPOSE: GENERAL SUPPORT | $18,000 |
CHRIST FOR THE NATIONS PURPOSE: OUTREACH | $52,000 |