GRACE BRETHREN INVESTMENT FOUNDATION INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
GRACE BRETHREN INVESTMENT FOUNDATION INC (EIN 35-1085585)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-07-12
IRS object ID
201611949349300341
Schema version
2015v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-07-12T12:34:09-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN363990892PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Capin Crouse LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1972 Emerson Parkway STE AAddressLine1Txt
CityGreenwoodCityNm
State AbbreviationINStateAbbreviationCd
ZIP46143ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN351085585EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Grace Brethren Investment FoundationBusinessNameLine1Txt
Business Name Line2IncBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlGRACBusinessNameControlTxt
Phone5742675161PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 587AddressLine1Txt
CityWinona LakeCityNm
State AbbreviationINStateAbbreviationCd
ZIP46590ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBrenda ByersPersonNm
Person TitleDirector of Finance/SecretaryPersonTitleTxt
Phone5742675161PhoneNum
Signature2016-07-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDaren DaigaPreparerPersonNm
PTINP01074795PTIN
Phone3178852620PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKen SeyfertPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 587AddressLine1Txt
CityWinona LakeCityNm
State AbbreviationINStateAbbreviationCd
ZIP46590ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$4,360,281GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.gbif.comWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1955FormationYr
Legal Domicile StateINLegalDomicileStateCd
Activity Or MissionFurther the Fellowship of Grace Brethren Churches' work and loan funds to the FGBC & affiliatesActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee7TotalEmployeeCnt
Total Volunteers10TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$54,651CYContributionsGrantsAmt
PY Program Service Revenue$3,525,835PYProgramServiceRevenueAmt
CY Program Service Revenue$3,548,267CYProgramServiceRevenueAmt
PY Investment Income$582,247PYInvestmentIncomeAmt
CY Investment Income$694,385CYInvestmentIncomeAmt
PY Other Revenue$2,856PYOtherRevenueAmt
CY Other Revenue$11,051CYOtherRevenueAmt
PY Total Revenue$4,110,938PYTotalRevenueAmt
CY Total Revenue$4,308,354CYTotalRevenueAmt
PY Grants And Similar Paid$695,012PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$748,259CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$619,309PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$622,444CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,326,338PYOtherExpensesAmt
CY Other Expenses$2,618,529CYOtherExpensesAmt
PY Total Expenses$3,640,659PYTotalExpensesAmt
CY Total Expenses$3,989,232CYTotalExpensesAmt
PY Revenues Less Expenses$470,279PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$319,122CYRevenuesLessExpensesAmt
Total Assets BOY$105,330,919TotalAssetsBOYAmt
Total Assets EOY$110,003,022TotalAssetsEOYAmt
Total Liabilities BOY$96,231,142TotalLiabilitiesBOYAmt
Total Liabilities EOY$100,533,599TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$9,099,777NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$9,469,423NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSee Schedule O for complete mission statement.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$3,392,911ExpenseAmt
Grant$748,259GrantAmt
Revenue$3,548,267RevenueAmt
DescGrace Brethren Investment Foundation assists in the extension of Christian work by contributing and loaning funds to Grace Brethren churches, conventions, or associations of churches, Grace Brethren schools, and affiliated organizations. The organization accomplishes this purpose by enabling individuals who support the objectives of the Fellowship to invest in funds which earn interest compounded daily and thereby to provide a source of funding, in the form of capital loans, for acquiring, developing, and remodeling land and buildings for churches, schools, and other associated organizations.Desc
Total Program Service Expenses$3,392,911TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document2508IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee7EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldINStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Brenda ByersBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5742675161PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 587AddressLine1Txt
CityWinona LakeCityNm
State AbbreviationINStateAbbreviationCd
ZIP46590ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
James Augspurger
Director4.00Yes (X)$372$0$0
Kent Semple
Director4.00Yes (X)$731$0$0
David Coleman
Director4.00Yes (X)$0$0$0
Robert MacMillan
Director4.00Yes (X)$593$0$0
Richard Stair
Director4.00Yes (X)$717$0$0
Jerry Michael
Director4.00Yes (X)$739$0$0
Josh Balmer
Director4.00Yes (X)$0$0$0
George Merchant
Director4.00Yes (X)$1,074$0$0
Howard Mayes
Director4.00Yes (X)$539$0$0
Ted Adomanis
Director4.00Yes (X)$1,943$0$0
Ken Seyfert
CEO/President40.00$117,210$0$30,284Yes (X)
Brenda Byers
Secretary/Treasurer40.00$81,967$0$25,278Yes (X)
Ryan Bowell
Vice President40.00$74,510$0$26,509Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$280,395TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$82,071TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$54,651AllOtherContributionsAmt
Total Contributions$54,651TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescINT/CHURCH LOANSDesc
Business900099BusinessCd
Total Revenue Column$3,548,267TotalRevenueColumnAmt
Related Or Exempt Func Income$3,548,267RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$3,548,267TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$694,385TotalRevenueColumnAmt
Exclusion$694,385ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$62,978RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$51,927RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$11,051RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$11,051TotalRevenueColumnAmt
Exclusion$11,051ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,308,354TotalRevenueColumnAmt
Related Or Exempt Func Income$3,548,267RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$705,436ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$742,759TotalAmt
Program Services$742,759ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$5,500TotalAmt
Program Services$5,500ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$362,466TotalAmt
Program Services$109,283ProgramServicesAmt
Management And General$253,183ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$163,367TotalAmt
Program Services$112,174ProgramServicesAmt
Management And General$51,193ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$12,114TotalAmt
Program Services$8,013ProgramServicesAmt
Management And General$4,101ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$50,754TotalAmt
Program Services$29,863ProgramServicesAmt
Management And General$20,891ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$33,743TotalAmt
Program Services$14,847ProgramServicesAmt
Management And General$18,896ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$39,620TotalAmt
Program Services$14,920ProgramServicesAmt
Management And General$24,700ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$34,978TotalAmt
Management And General$34,978ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$8,472TotalAmt
Program Services$8,472ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$17,635TotalAmt
Program Services$10,331ProgramServicesAmt
Management And General$7,304ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$55,223TotalAmt
Program Services$44,178ProgramServicesAmt
Management And General$11,045ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$110,330TotalAmt
Program Services$101,133ProgramServicesAmt
Management And General$9,197ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$41,786TotalAmt
Program Services$34,822ProgramServicesAmt
Management And General$6,964ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$23,755TotalAmt
Program Services$19,004ProgramServicesAmt
Management And General$4,751ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$74,285TotalAmt
Program Services$10,497ProgramServicesAmt
Management And General$63,788ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,988,920TotalAmt
Program Services$1,988,920ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$36,272TotalAmt
Management And General$36,272ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$46,165TotalAmt
Management And General$46,165ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
Loan Reserve$130,000$128,390$1,610
Securities Registration$9,805$9,805
Continuing Education$436$436

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$847TotalAmt
Management And General$847ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,989,232TotalAmt
Program Services$3,392,911ProgramServicesAmt
Management And General$596,321ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,317,722BOYAmt
EOY$310,665EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$41,407,334BOYAmt
EOY$47,406,138EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$102,887BOYAmt
EOY$114,225EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,371,456LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$671,585LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$723,519BOYAmt
EOY$699,871EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$300,000BOYAmt
EOY$2,300,000EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$61,177,999BOYAmt
EOY$58,908,706EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$301,458BOYAmt
EOY$263,417EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$105,330,919BOYAmt
EOY$110,003,022EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$717,058BOYAmt
EOY$773,646EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$95,514,084BOYAmt
EOY$99,759,953EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$96,231,142BOYAmt
EOY$100,533,599EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,099,777BOYAmt
EOY$9,469,423EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$9,099,777BOYAmt
EOY$9,469,423EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$105,330,919BOYAmt
EOY$110,003,022EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$319,122ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$50,524NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
ChurchYes (X)ChurchInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule A, Part IFormAndLineReferenceDesc
ExplanationDuring the tax year, the organization filed Form 8940 with the IRS to update its public charity status and is now recognized as an integrated auxiliary of Fellowship of Grace Brethren Churches under section 501(a) of the Internal Revenue Code. Because of this, the organization is no longer required to file Form 990 after this reporting year.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$116,875OtherCostOrOtherBasisAmt
Book Value$116,875BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$941,994OtherCostOrOtherBasisAmt
Depreciation$384,593DepreciationAmt
Book Value$557,401BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$126,983OtherCostOrOtherBasisAmt
Depreciation$122,384DepreciationAmt
Book Value$4,599BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$185,604OtherCostOrOtherBasisAmt
Depreciation$164,608DepreciationAmt
Book Value$20,996BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$699,871TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp

FieldValueIRS element (for citing)
DescLOANS TO GRACE BRETHREN AFFILIATESDesc
Book Value$58,908,706BookValueAmt
Method ValuationCMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Program Rltd$58,908,706TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescINVESTOR DEPOSITS DUE ON DEMANDDesc
Amt$99,759,953Amt
FieldValueIRS element (for citing)
Total Liability$99,759,953TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$4,410,805TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$50,524NetUnrealizedGainsInvstAmt
Other Revenue$51,927OtherRevenueAmt
Revenue Not Reported$102,451RevenueNotReportedAmt
Revenue Subtotal$4,308,354RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$4,308,354TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$4,041,159TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$51,927OtherExpensesIncludedAmt
Expenses Not Reported$51,927ExpensesNotReportedAmt
Expenses Subtotal$3,989,232ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$3,989,232TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part X, Line 2:The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statements of activities. As of December 31, 2015, the Foundation had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. The Foundation files information tax returns in the U.S. The Foundation is generally no longer subject to U.S. federal and state income tax examinations by tax authorities for years before 2009.
Part XI, Line 2d - Other Adjustments:Rental expenses included on Part VIII Line 6b 51,927.
Part XII, Line 2d - Other Adjustments:Rental expenses included on Part VIII Line 6b 51,927.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (17 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
GO2 CHURCH PLANTING MINISTRIES INC
320 N THIRD STTELFORDPA18969261325545501(c)(3)$70,000CHURCH PLANTING
ASSOCIATION OF GRACE BRETHREN MINISTERS
PO BOX 694WINONA LAKEIN46590953307208501(c)(3)$29,000CHURCH PLANTING
VISION OHIO
6730 RINGS ROADDUBLINOH43016311148543501(c)(3)$60,000CHURCH PLANTING
AUBURN GRACE COMMUNITY CHURCH
PO 6446AUBURNCA95603942842590501(c)(3)$20,000CHURCH PLANTING
GBCANADA
PO BOX 836CHARLOTTE HALLMD20622522094318501(c)(3)$70,000CHURCH PLANTING
THE GRACE TRUST
PO BOX 620067ATLANTAGA30362350992713501(c)(3)$80,000ORGANIZATIONAL SUPPORT
GRACE SCHOOLS INC
200 SEMINARY DRIVEWINONA LAKEIN46590350868095501(c)(3)$35,000SCHOLARSHIPS
CE NATIONAL
PO BOX 365WINONA LAKEIN46590351126967501(c)(3)$25,000ORGANIZATIONAL SUPPORT
GRACE VILLAGE
337 GRACE VILLAGE DRWINONA LAKEIN46590351282401501(c)(3)$15,000DEFENDANT FUND
FELLOWSHIP OF GRACE BRETHREN CHURCHES
PO BOX 384WINONA LAKEIN46590351944640501(c)(3)$75,461ORGANIZATIONAL SUPPORT
BRETHREN MISSIONARY HERALD
PO BOX 544WINONA LAKEIN46590350877556501(c)(3)$20,000ORGANIZATIONAL SUPPORT
WOMEN OF GRACE
PO BOX 711WINONA LAKEIN46590351597909501(c)(3)$17,000ORGANIZATIONAL SUPPORT
METRO-GRACE PHILADELPHIA
4706 COMLY STPHILADELPHIAPA19135300224059501(c)(3)$25,000ORGANIZATIONAL SUPPORT
CARIBBEAN VISION MINISTRIES - TRINIDADIAN AND HAITIAN
PO BOX 18317PANAMA CITY BEACHFL32417270848858501(c)(3)$35,000ORGANIZATIONAL SUPPORT
COMMUNITY GRACE BRETHREN CHURCH INC
909 S BUFFALO STWARSAWIN46580351043361501(c)(3)$10,000ORGANIZATIONAL SUPPORT
GRACE FELLOWSHIP
1449 REFUGEE RDPICKERINGTONOH43147311415248501(c)(3)$10,000ORGANIZATIONAL SUPPORT
GBC OF NORTON
211 N CLEVELAND-MASSILLON RDAKRONOH44333237153982501(c)(3)$110,000ORGANIZATIONAL SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org17Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeScholarshipsGrantTypeTxt
Recipient2RecipientCnt
Cash Grant$5,500CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2:FormAndLineReferenceDesc
ExplanationContributions are provided to organizations affiliated with the fellowship of Grace Brethren Churches (FGBC), with an emphasis given to church-planting endeavors. Contributions are based on year-end net income and are approved by the board of directors. Contributions may or may not be specifically designated. Organizations receiving contributions from the GBIF are required to respond with their intentions for use of the funds. Scholarships awarded are paid directly to the institution.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Page 2, Part III, Line 1(A) To asssist in the extension of Christian work by and through the agencies of the Fellowship of Grace Brethren Churches and the agencies of this corporation, and to contribute and loan funds to Grace Brethren Churches, conventions or associations of churches, Grace Brethren schools, and affiliated organizations. (B) To provide funds for Biblical teaching, to assist evangelical work, to assist churches of Grace Brethren Faith and Grace Brethren Missionary Societies, and to assist and encourage men and women in the dedication of their lives to definite Christian services. (C) To receive, hold, borrow, invest, loan, and disburse funds; to own, mortgage, lease, rent, and sell real and personal property of all kinds in order to attain the aforesaid purposes. (D) To promote Christian religion through the Fellowship of Grace Brethren Churches and to promote the charitable missionary institutions of the Fellowship of Grace Brethren Churches. (E) In furtherance of the aforesaid purposes, to transact any and all lawful business for which corporations may be incorporated under the act, provided such business is not inconsistent with the corporation being organized and operated exclusively for charitable purposes. (F) Notwithstanding the foregoing, the corporation is organized, and at all times thereafter will be operated, exclusively for the benefit of, to perform the functions of, or to carry out the purposes of the Fellowship of Grace Brethren Churches and its associated and affiliated churches, schools, and organizations.
Form 990, Part VI, Section A, line 4The bylaws were amended to update the number, process for election, and process for removal of board members.
Form 990, Part VI, Section A, line 6The organization has one class of members. Membership in the Corporation consist of those persons who contribute $25.00 or more during the fiscal year to support the ministries of the Corporation, or ministries administered by the Corporation, and who are affiliated with a local church associated with the Fellowship of Grace Brethren Church. The individual members of the corporation elect 4 of the 10 members of the Board of Directors and vote on changes to the corporate articles.
Form 990, Part VI, Section A, line 7aThe Board consist of 10 members elected by the following parties: - (3) by an officer of Fellowship Council of the Fellowship of Grace Brethren Churches - (3) by an officer of Brethren Missionary Herald Company (media company of the Fellowship of Grace Brethren Churches) - (4) by the members of the Corporation.
Form 990, Part VI, Section A, line 7bThe individual members vote on changes to the corporate articles.
Form 990, Part VI, Section B, line 11The Form 990 is prepared and reviewed by an independent certified public accounting firm. The Secretary/Treasurer and selected members of the governing board also review the Form 990. The final return, as filed with the IRS is then sent electronically to the full board prior to filing.
Form 990, Part VI, Section B, line 12cA conflict of interest questionnaire is completed annually. Both officer and board members sign the policy. Potential conflicts are reviewed by the board of directors. Names of directors who may have conflict are noted in the board minutes; said directors abstain from voting.
Form 990, Part VI, Section B, line 15Executive care committee members, appointed by the Board of Directors and all of whom are independent, use comparable data from other not-for-profit organizations to review, evaluate, and compare compensation data for the CEO. The executive care committee then recommends the CEO's compensation package to the Board for approval. The Board of Directors also appoints the Finance Committee to review compensation and benefits paid to other employees and make appropriate recommendations. The governing board then deliberates and approves final compensation and benefit packages. The deliberations are recorded in the minutes. This process was last completed during the tax year.
Form 990, Part VI, Section C, line 19The organization's governing documents, conflict of interest policy, and financial statements are available upon request. The annual report is distributed in various mailings throughout the year and also during the annual corporation meeting.
Form 990, Page 12, Part XI, Line 2C:The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent auditing firm. This process has not changed since the prior year.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1Fellowship of Grace Brethren Churches IncBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 384AddressLine1Txt
CityWinona LakeCityNm
State AbbreviationINStateAbbreviationCd
ZIP46590ZIPCd
FieldValueIRS element (for citing)
EIN351944640EIN
Primary ActivitiesReligion; Spiritual DevelopmentPrimaryActivitiesTxt
Legal Domicile StateINLegalDomicileStateCd
Exempt Code Section501(c)(3)ExemptCodeSectionTxt
Public Charity Status1PublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxt
Fellowship of Grace Brethren Church
B
Fellowship of Grace Brethren Church
L
Fellowship of Grace Brethren Church
O
Fellowship of Grace Brethren Church
Q

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