Calvary Endowment Foundation Inc
- Assets
- $10.1m
- Revenue
- $545.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 07/2003
- Data as of
- 12/2021
- EIN
- 90-0085904
Organization Overview
Calvary Endowment Foundation Inc is located in Memphis, TN. The organization was established in 2003. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Calvary Endowment 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 12/2021, Calvary Endowment Foundation Inc generated $545.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $452.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION OPERATES SOLELY TO MANAGE FUNDS TO SUPPORT CALVARY EPISCOPAL CHURCH.
Describe the Organization's Program Activity:
CONTRIBUTIONS TO CALVARY EPISCOPAL CHURCH AND ITS MISSIONS AND MINISTRIES. CONTRIBUTIONS TO CALVARY PLACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Graves Board Chair | OfficerTrustee | 1 | $0 |
Katie Owens Secretary | OfficerTrustee | 1 | $0 |
Joe Duncan Treasurer | OfficerTrustee | 1 | $0 |
Peg Wahl Director | Trustee | 1 | $0 |
Alec Mclean Director | Trustee | 1 | $0 |
Will Haley Director | Trustee | 1 | $0 |
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 | $36,094 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,094 |
| Total Program Service Revenue | $0 |
| Investment income | $324,323 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $185,394 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $545,811 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $413,590 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,104 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $452,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $53,444 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,605 |
| 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 | $65,210 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,963,003 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,088,262 |
| Accounts payable and accrued expenses | $12,700 |
| 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 | $12,700 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $10,075,562 |
| 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 | $10,088,262 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Calvary Endowment Foundation Inc has recieved totaling $26,583.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $26,583 |
Endowment Analysis
| Beg. Balance | $9,672,406 |
| Earnings | $790,652 |
| Net Contributions | $36,094 |
| Other Expense | $423,090 |
| Ending Balance | $10,076,062 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Christian Foundation Real Property Inc Alpharetta, GA | $69,065,841 | $20,328,188 |
Mcmichael Communications Group Inc Atlanta, GA | $7,951,989 | $7,334,064 |
Jewish Foundation Of Memphis Memphis, TN | $73,386,968 | $19,619,043 |
St Marys Highland Hills Inc Athens, GA | $10,415,117 | $5,487,043 |
Baptist Missions Inc Germantown, TN | $8,771,577 | $761,820 |
Womans Missionary Union Auxiliary To Southern Baptist Convention Birmingham, AL | $13,110,480 | $5,427,562 |
Religion News Foundation Columbia, MO | $2,784,139 | $2,640,609 |
Church Of God Foundation Inc Cleveland, TN | $42,707,821 | $2,900,531 |
Family Christian Resource Centers Inc Alpharetta, GA | $59,520,586 | $1,549,000 |
Cecil D Hylton Memorial Chapel Woodbridge, VA | $12,878,784 | $1,107,990 |
Rescue Legacy Fund Inc Durham, NC | $26,511,238 | $3,583,922 |
Hopegivers International Inc Columbus, GA | $1,962,256 | $2,287,272 |