Foundry Training Group
- Assets
- $47.1k
- Revenue
- $250.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Grand Rapids, MI
- Founding
- Data as of
- 06/2023
- EIN
- 86-2914694
Organization Overview
Foundry Training Group, operating under the name The Foundry, is located in Grand Rapids, MI. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 06/2023, Foundry employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundry 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 06/2023, Foundry generated $250.0k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $259.7k during the year ending 06/2023. While expenses have increased by 4.5% per year over the past 2 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND STRENGTHEN CHURCH LEADERS AT EVERY LEVEL WITH BIBLICAL AND PRACTICAL TRAINING. THE FOUNDRY OFFERS A VARIETY OF LEARNING COMMUNITIES THAT MAKE THEOLOGICAL EDUCATION AND MINISTRY TRAINING ACCESSIBLE TO CHURCHES AND THEIR LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTITUTE OF MINISTRY LEADERSHIP - THE FOUNDRY OFFERS SEMINARY-LEVEL TRAINING ON SITE AND PACKAGED IN A SUSTAINABLE RHYTHM. OUR CHURCH-CENTERED MODEL FOCUSES ON MINISTRY-RELATED OUTCOMES IN PARTICIPANTS' CURRENT MINISTRY CONTEXT, CONNECTING COURSE LEARNING WITH THE REAL-LIFE MINISTRY HAPPENING IN THE LOCAL CHURCH. FOR FY2022, THE FOUNDRY FINISHED THE 2-YEAR COURSE CYCLE AT A MULTI-SITE CHURCH IN INDIANA, STARTED A SECOND LEARNING COMMUNITY IN KALAMAZOO, MI, AND CONTRACTED WITH ANOTHER LEARNING COMMUNITY IN ZEELAND, MI THAT STARTS AT THE BEGINNING OF FY2023. EACH OF THE NEW COHORTS HAVE MORE THAN 25 PARTICIPANTS FROM AT LEAST SIX DIFFERENT CHURCHES.
MINISTRY FORMATION COHORTS - THE FOUNDRY'S MINISTRY FORMATION COHORTS FOCUS ON EQUIPPING LEADERS FOR MINISTRY IN A WAY THAT IS CHURCH-CENTERED AND USES HOLISTIC, HANDS-ON MODELS OF LEARNING. OUR MINISTRY FORMATION COHORTS ARE FOR THOSE WHO ARE ACTIVELY SERVING IN SOME CAPACITY IN THEIR CHURCH OR MINISTRY CONTEXT, WHETHER AS PASTORS, STAFF LEADERS, OR LAY LEADERS INTERESTED IN BEING FURTHER EQUIPPED FOR MINISTRY. FOR FY22, THE FOUNDRY OFFERED COURSES OVER A 10 MONTH PERIOD THAT SERVED 5 TO 12 PARTICIPANTS PER 6-TO-8 WEEK COURSE SESSION.
CUSTOMIZED WORKSHOPS AND TRAINING - THE FOUNDRY OFFERS WORKSHOPS WHERE LAY LEADERS AND CONGREGATIONS CAN BE TRAINED IN A VARIETY OF AREAS, INCLUDING BIBLICAL AND THEOLOGICAL TRAINING, SPIRITUAL FORMATION, AND CHURCH LEADERSHIP. IN FY22, THE FOUNDRY WORKED WITH SEVERAL CHURCHES AND MINISTRIES TO PROVIDE THEM WITH TRAINING ON SPECIFIC TOPICS. THESE VARIED IN FORMAT, WITH SOME BEING WEEKEND WORKSHOPS, FOUR DAYS IN A ROW, FOUR WEEKS IN A ROW, OR EVERY OTHER MONTH.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Branson Parler Director Of Theological Education | OfficerTrustee | 40 | $56,100 |
Jeff Fisher Director Of Spiritual Formation | OfficerTrustee | 40 | $46,450 |
Sarah Behm Director Of Operations, President | OfficerTrustee | 40 | $42,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $152,703 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,703 |
| Total Program Service Revenue | $97,268 |
| 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 | $249,971 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $429 |
| 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. | $213,875 |
| Compensation of current officers, directors, key employees. | $53,493 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,828 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $61 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,250 |
| Advertising and promotion | $2,683 |
| Office expenses | $3,766 |
| Information technology | $8,871 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,039 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $244 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $517 |
| All other expenses | $0 |
| Total functional expenses | $259,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,288 |
| Savings and temporary cash investments | $5 |
| Pledges and grants receivable | $9,800 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,093 |
| Accounts payable and accrued expenses | $855 |
| 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 | $855 |
| Net assets without donor restrictions | $46,238 |
| 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 | $47,093 |