GRACE BRETHREN INVESTMENT FOUNDATION INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
GRACE BRETHREN INVESTMENT FOUNDATION INC (EIN 35-1085585)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-07-29
IRS object ID
201502119349300100
Schema version
2014v5.0
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)
Return2015-07-29T23:07:54-05:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

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 Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN351085585EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Grace Brethren Investment Foundation IncBusinessNameLine1Txt
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
Signature2015-07-29SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDaren DaigaPreparerPersonNm
PTINP01074795PTIN
Phone3178852620PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-03-07 17:11:31ZBuildTS

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$5,034,610GrossReceiptsAmt
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 Body12VotingMembersGoverningBodyCnt
Voting Members Independent12VotingMembersIndependentCnt
Total Employee7TotalEmployeeCnt
Total Volunteers12TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$3,408,956PYProgramServiceRevenueAmt
CY Program Service Revenue$3,525,835CYProgramServiceRevenueAmt
PY Investment Income$613,745PYInvestmentIncomeAmt
CY Investment Income$582,247CYInvestmentIncomeAmt
PY Other Revenue$19,232PYOtherRevenueAmt
CY Other Revenue$2,856CYOtherRevenueAmt
PY Total Revenue$4,041,935PYTotalRevenueAmt
CY Total Revenue$4,110,938CYTotalRevenueAmt
PY Grants And Similar Paid$682,735PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$695,012CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$652,692PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$619,309CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,326,734PYOtherExpensesAmt
CY Other Expenses$2,326,338CYOtherExpensesAmt
PY Total Expenses$3,662,161PYTotalExpensesAmt
CY Total Expenses$3,640,659CYTotalExpensesAmt
PY Revenues Less Expenses$379,774PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$470,279CYRevenuesLessExpensesAmt
Total Assets BOY$100,059,831TotalAssetsBOYAmt
Total Assets EOY$105,330,919TotalAssetsEOYAmt
Total Liabilities BOY$91,264,832TotalLiabilitiesBOYAmt
Total Liabilities EOY$96,231,142TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$8,794,999NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$9,099,777NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSee Schedule O for complete mission statement.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,999,256ExpenseAmt
Grant$695,012GrantAmt
Revenue$3,525,835RevenueAmt
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$2,999,256TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
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 Document2588IRPDocumentCnt
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 Members12GoverningBodyVotingMembersCnt
Independent Voting Member12IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
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 (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
Ted Adomanis
Chairman8.00Yes (X)Yes (X)$228$0$0
Ralph Hampton
Director4.00Yes (X)$1,076$0$0
Kent Semple
Director4.00Yes (X)$56$0$0
James Poyner
Director4.00Yes (X)$0$0$0
David Coleman
Director4.00Yes (X)$0$0$0
Robert MacMillan
Director4.00Yes (X)$1,670$0$0
Richard Stair
Director4.00Yes (X)$0$0$0
Jerry Michael
Director4.00Yes (X)$127$0$0
Josh Balmer
Director4.00Yes (X)$0$0$0
George Merchant
Director4.00Yes (X)$882$0$0
Howard Mayes
Director4.00Yes (X)$540$0$0
James Augspurger
Director4.00Yes (X)$61$0$0
Ken Seyfert
CEO/President40.00Yes (X)$115,399$0$32,334
Brenda Byers
Secretary/Treasurer40.00Yes (X)$80,894$0$31,378
Ryan Bowell
Vice President40.00Yes (X)$72,033$0$32,550
FieldValueIRS element (for citing)
Total Reportable Comp From Org$272,966TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$96,262TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescINT/CHURCH LOANSDesc
Business900099BusinessCd
Total Revenue Column$3,525,835TotalRevenueColumnAmt
Related Or Exempt Func Income$3,525,835RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$3,525,835TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$582,247TotalRevenueColumnAmt
Exclusion$582,247ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$53,760RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$50,904RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$2,856RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,856TotalRevenueColumnAmt
Exclusion$2,856ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$872,768OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$872,768OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other$0OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,110,938TotalRevenueColumnAmt
Related Or Exempt Func Income$3,525,835RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$585,103ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$689,012TotalAmt
Program Services$689,012ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$6,000TotalAmt
Program Services$6,000ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$369,228TotalAmt
Program Services$111,145ProgramServicesAmt
Management And General$258,083ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$163,843TotalAmt
Program Services$104,571ProgramServicesAmt
Management And General$59,272ManagementAndGeneralAmt

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$41,658TotalAmt
Program Services$28,441ProgramServicesAmt
Management And General$13,217ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$32,466TotalAmt
Program Services$14,285ProgramServicesAmt
Management And General$18,181ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$38,913TotalAmt
Management And General$38,913ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$34,047TotalAmt
Management And General$34,047ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$9,633TotalAmt
Program Services$3,661ProgramServicesAmt
Management And General$5,972ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$52,649TotalAmt
Program Services$42,119ProgramServicesAmt
Management And General$10,530ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$40,386TotalAmt
Program Services$32,309ProgramServicesAmt
Management And General$8,077ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$39,785TotalAmt
Program Services$33,042ProgramServicesAmt
Management And General$6,743ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$25,046TotalAmt
Program Services$20,037ProgramServicesAmt
Management And General$5,009ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$66,711TotalAmt
Program Services$11,481ProgramServicesAmt
Management And General$55,230ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,877,897TotalAmt
Program Services$1,877,897ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$36,819TotalAmt
Management And General$36,819ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$45,970TotalAmt
Management And General$45,970ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
Invtmt/Loan Reserve$47,841$9,112$38,729
Securities Registration$8,131$8,131
Continuing Education$1,159$1,159

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,351TotalAmt
Management And General$1,351ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,640,659TotalAmt
Program Services$2,999,256ProgramServicesAmt
Management And General$641,403ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$859,519BOYAmt
EOY$1,317,722EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$40,226,365BOYAmt
EOY$41,407,334EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$94,912BOYAmt
EOY$102,887EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,337,860LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$614,341LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$730,769BOYAmt
EOY$723,519EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$100,000BOYAmt
EOY$300,000EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$57,813,242BOYAmt
EOY$61,177,999EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$235,024BOYAmt
EOY$301,458EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$100,059,831BOYAmt
EOY$105,330,919EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$733,713BOYAmt
EOY$717,058EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$90,531,119BOYAmt
EOY$95,514,084EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$91,264,832BOYAmt
EOY$96,231,142EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$8,794,999BOYAmt
EOY$9,099,777EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,794,999BOYAmt
EOY$9,099,777EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$100,059,831BOYAmt
EOY$105,330,919EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$470,279ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$165,501NetUnrlzdGainsLossesInvstAmt
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)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1FELLOW OF GRACE BRETHREN CHURCHBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN351944640EIN
Organization Type1OrganizationTypeDesc
Governing Document ListedYes (1)GoverningDocumentListedInd
Support$675,000SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$675,000SupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (1)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt Org0OperateBenefitNonSuprtOrgInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule A, Part I, Line 11g, Column vThe primary purpose of the organization is to assist in the extension of Christian work by and through the agencies of the Fellowship of Grace Brethren Churches, and to contribute and loan funds to Grace Brethren churches, conventions or associations of churches, Grace Brethren schools, and affiliated organizations. In addition to the $90,000 of support provided directly to the Fellowship of Grace Brethren Churches, monetary support was also provided to the following Fellowship of Grace Brethren affiliated entities: GBCANADA USA GO2 CHURCH PLANTING MINISTRY ASSOC. OF GRACE BRETHREN MINISTERS VISION OHIO AUBURN GRACE COMMUNITY CHURCH THE GRACE TRUST GRACE SCHOOLS, INC. C.E. NATIONAL GRACE VILLAGE BRETHREN MISSIONARY HERALD WOMEN OF GRACE COMMUNITY GRACE BRETHREN CHURCH METRO-GRACE PHILADELPHIA CARIBBEAN VISION MINISTRIES Water for Good Toledo GBC Happy Church Asia's Hope Three Strands CPR-3 GB Boys Design Outreach G.R.O.W.
Schedule A, Part I, Line 11g, Column viThe organization's primary activity is to loan funds to the Fellowship of Grace Brethren Churches. The organization had $61,477,999 of loans receivable at the end of the tax year.
Sch A, Part IV, Section B, Line 1The members of the organization elects the members of the governing body (see Schedule O narrative for Form 990, Part VI, Line 6). Directors must be members of the Corporation at the time of the election, must subscribe to the Statement of Faith of the Fellowship of Grace Brethren Churches, and must be members of a church affiliated with the Fellowship of Grace Brethren Churches.

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$930,494OtherCostOrOtherBasisAmt
Depreciation$332,160DepreciationAmt
Book Value$598,334BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$290,491OtherCostOrOtherBasisAmt
Depreciation$282,181DepreciationAmt
Book Value$8,310BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$723,519TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp

FieldValueIRS element (for citing)
DescLOANS TO GRACE BRETHREN AFFILIATESDesc
Book Value$61,177,999BookValueAmt
Method ValuationCMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Program Rltd$61,177,999TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
INVESTOR DEPOSITS DUE ON DEMAND$94,606,056
INVESTOR DEPOSITS DUE OFFICERS, DIRECTORS, AND EMPLOYEES$908,028
FieldValueIRS element (for citing)
Total Liability$95,514,084TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$3,996,341TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$165,501NetUnrealizedGainsInvstAmt
Other Revenue$50,904OtherRevenueAmt
Revenue Not Reported-$114,597RevenueNotReportedAmt
Revenue Subtotal$4,110,938RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$4,110,938TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,691,563TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$50,904OtherExpensesIncludedAmt
Expenses Not Reported$50,904ExpensesNotReportedAmt
Expenses Subtotal$3,640,659ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$3,640,659TotalExpensesPerForm990Amt

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, 2014, 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 50,904.
Part XII, Line 2d - Other Adjustments:Rental expenses included on Part VIII Line 6b 50,904.

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (16 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
GO2 CHURCH PLANTING MINISTRIES INC
320 N THIRD STTELFORDPA18969261325545501(c)(3)$85,000CHURCH PLANTING
ASSOCIATION OF GRACE BRETHREN MINISTERS
PO BOX 694WINONA LAKEIN46590953307208501(c)(3)$33,000CHURCH PLANTING
VISION OHIO
6730 RINGS ROADDUBLINOH43016311148543501(c)(3)$60,000CHURCH PLANTING
AUBURN GRACE COMMUNITY CHURCH
PO 6446AUBURNCA95604942842590501(c)(3)$20,000CHURCH PLANTING
GBCANADA USA
PO BOX 836CHARLOTTE HALLMD20622522094318501(c)(3)$60,000CHURCH PLANTING
THE GRACE TRUST
PO BOX 588WINONA LAKEIN46590350992713501(c)(3)$89,000ORGANIZATIONAL SUPPORT
GRACE SCHOOLS INC
200 SEMINARY DRIVEWINONA LAKEIN46590350868095501(c)(3)$50,000SCHOLARSHIPS
CE NATIONAL
1003 PRESIDENTIAL DRWINONA 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)$90,000ORGANIZATIONAL SUPPORT
BRETHREN MISSIONARY HERALD
PO BOX 576WINONA 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
WATER FOR GOOD
PO BOX 247WINONA LAKEIN46590320112278501 (c) 3$10,000ORGANIZATIONAL SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org16Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeScholarshipsGrantTypeTxt
Recipient3RecipientCnt
Cash Grant$6,000CashGrantAmt

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.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 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 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 the Board of Directors and vote on changes to the corporate articles.
Form 990, Part VI, Section A, line 7aSee previous explanation for Form 990, Part VI, Section A, Line 6.
Form 990, Part VI, Section A, line 7bSee previous explanation for Form 990, Part VI, Section A, Line 6.
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 19These documents are availabile 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 Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1Fellowship of Grace Brethren ChurchBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeBTransactionTypeTxt
Involved$90,000InvolvedAmt
Method Of Amount DeterminationCashMethodOfAmountDeterminationTxt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.