2015-07-29T23:07:54-05:00 2014-12-31 363990892 Capin Crouse LLP 972 Emerson Parkway STE A Greenwood IN 46143 990 2014-01-01 351085585 Grace Brethren Investment Foundation Inc GRAC 5742675161 PO Box 587 Winona Lake IN 46590 Brenda Byers Director of Finance/Secretary 5742675161 2015-07-29 1 Daren Daiga P01074795 3178852620 2014 2016-03-07 17:11:31Z Ken Seyfert PO Box 587 Winona Lake IN 46590 5034610 0 X www.gbif.com X 1955 IN Further the fellowship of Grace Brethren Churches' work and loan funds to the FGBC & affiliates 12 12 7 12 0 0 2 0 3408956 3525835 613745 582247 19232 2856 4041935 4110938 682735 695012 0 0 652692 619309 0 0 0 2326734 2326338 3662161 3640659 379774 470279 100059831 105330919 91264832 96231142 8794999 9099777 X See Schedule O for complete mission statement. 0 0 2999256 695012 3525835 Grace 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. 2999256 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2588 0 1 7 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X Brenda Byers 5742675161 PO Box 587 Winona Lake IN 46590 Ted Adomanis Chairman 8.00 X X 228 0 0 Ralph Hampton Director 4.00 X 1076 0 0 Kent Semple Director 4.00 X 56 0 0 James Poyner Director 4.00 X 0 0 0 David Coleman Director 4.00 X 0 0 0 Robert MacMillan Director 4.00 X 1670 0 0 Richard Stair Director 4.00 X 0 0 0 Jerry Michael Director 4.00 X 127 0 0 Josh Balmer Director 4.00 X 0 0 0 George Merchant Director 4.00 X 882 0 0 Howard Mayes Director 4.00 X 540 0 0 James Augspurger Director 4.00 X 61 0 0 Ken Seyfert CEO/President 40.00 X 115399 0 32334 Brenda Byers Secretary/Treasurer 40.00 X 80894 0 31378 Ryan Bowell Vice President 40.00 X 72033 0 32550 272966 0 96262 1 0 0 0 0 INT/CHURCH LOANS 900099 3525835 3525835 3525835 582247 582247 53760 50904 2856 2856 2856 872768 872768 0 0 4110938 3525835 0 585103 689012 689012 6000 6000 369228 111145 258083 163843 104571 59272 12114 8013 4101 41658 28441 13217 32466 14285 18181 38913 38913 34047 34047 9633 3661 5972 52649 42119 10530 40386 32309 8077 39785 33042 6743 25046 20037 5009 66711 11481 55230 1877897 1877897 36819 36819 45970 45970 Invtmt/Loan Reserve 47841 9112 38729 Securities Registration 8131 8131 Continuing Education 1159 1159 1351 1351 3640659 2999256 641403 0 859519 1317722 40226365 41407334 94912 102887 1337860 614341 730769 723519 100000 300000 57813242 61177999 235024 301458 100059831 105330919 733713 717058 90531119 95514084 91264832 96231142 X 8794999 9099777 8794999 9099777 100059831 105330919 470279 -165501 0 X X 0 1 X 1 0 X X 1 FELLOW OF GRACE BRETHREN CHURCH 351944640 1 1 675000 0 1 675000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Schedule A, Part I, Line 11g, Column v The 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 vi The 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 1 The 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. 116875 116875 930494 332160 598334 290491 282181 8310 723519 LOANS TO GRACE BRETHREN AFFILIATES 61177999 C 61177999 INVESTOR DEPOSITS DUE ON DEMAND 94606056 INVESTOR DEPOSITS DUE OFFICERS, DIRECTORS, AND EMPLOYEES 908028 95514084 X 3996341 -165501 50904 -114597 4110938 0 4110938 3691563 50904 50904 3640659 0 3640659 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. 1 GO2 CHURCH PLANTING MINISTRIES INC 320 N THIRD ST TELFORD PA 18969 261325545 501(c)(3) 85000 CHURCH PLANTING ASSOCIATION OF GRACE BRETHREN MINISTERS PO BOX 694 WINONA LAKE IN 46590 953307208 501(c)(3) 33000 CHURCH PLANTING VISION OHIO 6730 RINGS ROAD DUBLIN OH 43016 311148543 501(c)(3) 60000 CHURCH PLANTING AUBURN GRACE COMMUNITY CHURCH PO 6446 AUBURN CA 95604 942842590 501(c)(3) 20000 CHURCH PLANTING GBCANADA USA PO BOX 836 CHARLOTTE HALL MD 20622 522094318 501(c)(3) 60000 CHURCH PLANTING THE GRACE TRUST PO BOX 588 WINONA LAKE IN 46590 350992713 501(c)(3) 89000 ORGANIZATIONAL SUPPORT GRACE SCHOOLS INC 200 SEMINARY DRIVE WINONA LAKE IN 46590 350868095 501(c)(3) 50000 SCHOLARSHIPS CE NATIONAL 1003 PRESIDENTIAL DR WINONA LAKE IN 46590 351126967 501(c)(3) 25000 ORGANIZATIONAL SUPPORT GRACE VILLAGE 337 GRACE VILLAGE DR WINONA LAKE IN 46590 351282401 501(c)(3) 15000 DEFENDANT FUND FELLOWSHIP OF GRACE BRETHREN CHURCHES PO BOX 384 WINONA LAKE IN 46590 351944640 501(c)(3) 90000 ORGANIZATIONAL SUPPORT BRETHREN MISSIONARY HERALD PO BOX 576 WINONA LAKE IN 46590 350877556 501(c)(3) 20000 ORGANIZATIONAL SUPPORT WOMEN OF GRACE PO BOX 711 WINONA LAKE IN 46590 351597909 501(c)(3) 17000 ORGANIZATIONAL SUPPORT METRO-GRACE PHILADELPHIA 4706 COMLY ST PHILADELPHIA PA 19135 300224059 501(c)(3) 25000 ORGANIZATIONAL SUPPORT CARIBBEAN VISION MINISTRIES - TRINIDADIAN AND HAITIAN PO BOX 18317 PANAMA CITY BEACH FL 32417 270848858 501(c)(3) 35000 ORGANIZATIONAL SUPPORT COMMUNITY GRACE BRETHREN CHURCH INC 909 S BUFFALO ST WARSAW IN 46580 351043361 501(c)(3) 10000 ORGANIZATIONAL SUPPORT WATER FOR GOOD PO BOX 247 WINONA LAKE IN 46590 320112278 501 (c) 3 10000 ORGANIZATIONAL SUPPORT 16 0 Scholarships 3 6000 Part I, Line 2: Contributions 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. 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 6 The 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 7a See previous explanation for Form 990, Part VI, Section A, Line 6. Form 990, Part VI, Section A, line 7b See previous explanation for Form 990, Part VI, Section A, Line 6. Form 990, Part VI, Section B, line 11 The 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 12c A 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 15 Executive 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 19 These 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. Fellowship of Grace Brethren Churches Inc PO Box 384 Winona Lake IN 46590 351944640 Religion; Spiritual Development IN 501(c)(3) 1 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Fellowship of Grace Brethren Church B 90000 Cash