GRACE BRETHREN INVESTMENT FOUNDATION INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- GRACE BRETHREN INVESTMENT FOUNDATION INC (EIN 35-1085585)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-05-03
- IRS object ID
- 201311239349300036
- Schema version
- 2012v2.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-03T10:34:59-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363990892 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Capin Crouse LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 972 Emerson Parkway Ste A | AddressLine1 |
| City | Greenwood | City |
| State | IN | State |
| ZIP Code | 46143 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 351085585 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Grace Brethren Investment Foundation Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GRAC | NameControl |
| Phone | 5742675161 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 587 | AddressLine1 |
| City | Winona Lake | City |
| State | IN | State |
| ZIP Code | 46590 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Brenda Byers | Name |
| Title | Director of Finance/Secretary | Title |
| Phone | 5742675161 | Phone |
| Date Signed | 2013-05-03 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| PTIN | P00747006 | PTIN |
| Phone | 3178852620 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Larry Chamberlain | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 587 | AddressLine1 |
| City | Winona Lake | City |
| State | IN | State |
| ZIP Code | 46590 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 4168196 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.gbif.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1955 | YearFormation |
| State Legal Domicile | IN | StateLegalDomicile |
| Activity Or Mission Description | Further the fellowship of Grace Brethren Churches' work and loan funds to the FGBC & affiliates | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 14 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 14 | NbrIndependentVotingMembers |
| Total Nbr Employees | 7 | TotalNbrEmployees |
| Total Nbr Volunteers | 14 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 54102 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 3359365 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 3354492 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 792997 | InvestmentIncomePriorYear |
| Investment Income Current Year | 757798 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 22706 | OtherRevenuePriorYear |
| Other Revenue Current Year | 20705 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 4229170 | TotalRevenuePriorYear |
| Total Revenue Current Year | 4132998 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 600600 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 665500 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 655500 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 625951 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2652823 | OtherExpensePriorYear |
| Other Expenses Current Year | 2459150 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 3908923 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3750601 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 320247 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 382397 | RevenuesLessExpensesCY |
| Total Assets BOY | 93359075 | TotalAssetsBOY |
| Total Assets EOY | 97140738 | TotalAssetsEOY |
| Total Liabilities BOY | 85321118 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 88720384 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 8037957 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 8420354 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | See Schedule O for complete mission statement. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 3125490 | Expense |
| Grants | 665500 | Grants |
| Revenue | 3354492 | Revenue |
| Description | 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 funds at a reasonable rate of interest and to thereby 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. | Description |
| Total Program Service Expense | 3125490 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 6 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 7 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 14 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 14 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | IN | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Brenda Byers | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5742675161 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 587 | AddressLine1 |
| City | Winona Lake | City |
| State | IN | State |
| ZIP Code | 46590 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (17 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| Ted Adomanis | ||||||
| Chairman | 8.00 | X | 0 | 0 | 0 | |
| Ralph Hampton | ||||||
| Director | 4.00 | X | 0 | 0 | 0 | |
| Kent Semple | ||||||
| Director | 4.00 | X | 0 | 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 | 0 | 0 | 0 | |
| Dayne Nix | ||||||
| Director | 4.00 | X | 0 | 0 | 0 | |
| Richard Stair | ||||||
| Director | 4.00 | X | 0 | 0 | 0 | |
| Jerry Michael | ||||||
| Director | 4.00 | X | 0 | 0 | 0 | |
| Josh Balmer | ||||||
| Director | 4.00 | X | 0 | 0 | 0 | |
| George Merchant | ||||||
| Director | 4.00 | X | 0 | 0 | 0 | |
| Phil Sparling | ||||||
| Director | 4.00 | X | 0 | 0 | 0 | |
| Howard Mayes | ||||||
| Director | 4.00 | X | 0 | 0 | 0 | |
| James Augspurger | ||||||
| Director | 4.00 | X | 0 | 0 | 0 | |
| Larry N Chamberlain | ||||||
| President | 40.00 | 115475 | 0 | 20684 | X | |
| Ken Seyfert | ||||||
| VP/Treasurer | 40.00 | 114075 | 0 | 23704 | X | |
| Brenda Byers | ||||||
| Director of Finance/Secretary | 40.00 | 82552 | 0 | 21976 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 312102 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 66364 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 3 | AllOtherContributions |
| Total Contributions | 3 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INT/CHURCH LOANS | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 3354492 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3354492 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 3354492 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 757798 | TotalRevenueColumn |
| Exclusion | $757,798 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 55903 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 35198 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 20705 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 20705 | TotalRevenueColumn |
| Exclusion | $20,705 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4132998 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3354492 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $778,503 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 665500 | Total |
| Program Services | 665500 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 378466 | Total |
| Program Services | 129466 | ProgramServices |
| Management And General | 249000 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 141558 | Total |
| Program Services | 102676 | ProgramServices |
| Management And General | 38882 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12116 | Total |
| Program Services | 7920 | ProgramServices |
| Management And General | 4196 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 59129 | Total |
| Program Services | 35462 | ProgramServices |
| Management And General | 23667 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34682 | Total |
| Program Services | 16647 | ProgramServices |
| Management And General | 18035 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30903 | Total |
| Management And General | 30903 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30669 | Total |
| Management And General | 30669 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15173 | Total |
| Program Services | 3479 | ProgramServices |
| Management And General | 11694 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 61536 | Total |
| Program Services | 49229 | ProgramServices |
| Management And General | 12307 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38506 | Total |
| Program Services | 30805 | ProgramServices |
| Management And General | 7701 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 43929 | Total |
| Program Services | 39536 | ProgramServices |
| Management And General | 4393 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35037 | Total |
| Program Services | 28030 | ProgramServices |
| Management And General | 7007 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 51886 | Total |
| Program Services | 8842 | ProgramServices |
| Management And General | 43044 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1956318 | Total |
| Program Services | 1956318 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 57517 | Total |
| Management And General | 57517 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41174 | Total |
| Management And General | 41174 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| Chaplaincy Ministry | 45326 | 45326 | |
| Invtmt/Loan Reserve | 43746 | 474 | 43272 |
| Securities Registration | 5780 | 5780 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1650 | Total |
| Management And General | 1650 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3750601 | Total |
| Program Services | 3125490 | ProgramServices |
| Management And General | 625111 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3709272 | BOY |
| EOY | 2774791 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37869996 | BOY |
| EOY | 38333084 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67703 | BOY |
| EOY | 100376 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 1265207 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 527846 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 732714 | BOY |
| EOY | 737361 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50979390 | BOY |
| EOY | 55195126 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 93359075 | BOY |
| EOY | 97140738 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 644456 | BOY |
| EOY | 699661 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 84676662 | BOY |
| EOY | 88020723 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 85321118 | BOY |
| EOY | 88720384 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8037957 | BOY |
| EOY | 8420354 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8037957 | BOY |
| EOY | 8420354 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 93359075 | BOY |
| EOY | 97140738 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 382397 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type1 | X | SupportingOrg509a3Type1 |
| Certification Checkbox | X | CertificationCheckbox |
| Contrib By Controlling Individual | 0 | ContribByControllingIndividual |
| Contribution By Related Party | 0 | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | 0 | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation (19 entries)
| EINEIN | Type Of OrganizationTypeOfOrganization | Listed In Governing DocListedInGoverningDoc | Supported Organization NotifiedSupportedOrganizationNotified | Organized In USOrganizedInUS | AmountAmount |
|---|---|---|---|---|---|
| GBCANADA USA | |||||
| 522094318 | 7 | 1 | 1 | 1 | $56,500 |
| GO2 CHURCH PLANTING MINISTRY | |||||
| 261325545 | 7 | 1 | 1 | 1 | $105,000 |
| ASSOC OF GRACE BRETHREN MINISTERS | |||||
| 953307208 | 9 | 1 | 1 | 1 | $144,000 |
| NORTHWEST CHAPEL GBC | |||||
| 311148543 | 1 | 1 | 1 | 1 | $50,000 |
| AUBURN GRACE COMMUNITY CHURCH | |||||
| 942842590 | 1 | 1 | 1 | 1 | $20,000 |
| THE GRACE TRUST | |||||
| 350992713 | 1 | 1 | 1 | 1 | $81,500 |
| GRACE SCHOOLS INC | |||||
| 350868095 | 2 | 1 | 1 | 1 | $50,000 |
| CE NATIONAL | |||||
| 351126967 | 1 | 1 | 1 | 1 | $15,000 |
| GRACE VILLAGE | |||||
| 351282401 | 1 | 1 | 1 | 1 | $15,000 |
| FELLOW OF GRACE BRETHREN CHURCH | |||||
| 351944640 | 1 | 1 | 1 | 1 | $44,500 |
| BRETHREN MISSIONARY HERALD | |||||
| 350877556 | 9 | 1 | 1 | 1 | $12,500 |
| WOMEN OF GRACE | |||||
| 351597909 | 1 | 1 | 1 | 1 | $12,500 |
| GRACE BRETHREN BOYS | |||||
| 311409196 | 9 | 1 | 1 | 1 | $2,000 |
| INTEGRATED COMM DEV INTERNAT'L | |||||
| 320112278 | 7 | 1 | 1 | 1 | $2,000 |
| ASIA'S HOPE | |||||
| 341971847 | 7 | 1 | 1 | 1 | $2,000 |
| COMMUNITY GRACE BRETHREN CHURCH | |||||
| 351043361 | 1 | 1 | 1 | 1 | $5,000 |
| METRO-GRACE PHILADELPHIA | |||||
| 300224059 | 1 | 1 | 1 | 1 | $20,000 |
| CARIBBEAN VISION MINISTRIES | |||||
| 270848858 | 1 | 1 | 1 | 1 | $25,000 |
| CPR-3 | |||||
| 271764441 | 1 | 1 | 1 | 1 | $3,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 19 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 665500 | SumOfAmounts |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 116875 | OtherCostOrOtherBasis |
| Book Value | 116875 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 833764 | OtherCostOrOtherBasis |
| Depreciation | 235114 | Depreciation |
| Book Value | 598650 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 314568 | OtherCostOrOtherBasis |
| Depreciation | 292732 | Depreciation |
| Book Value | 21836 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 737361 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| LOANS TO GRACE BRETHREN AFFILIATES | 55070371 | C |
| ACCRUED INTEREST ON LOANS TO AFFILIATES | 124755 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 55195126 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| INVESTOR DEPOSITS DUE ON DEMAND | $87,171,236 |
| INVESTOR DEPOSITS DUE OFFICERS, DIRECTORS, AND EMPLOYEES | $849,487 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 88020723 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 4168196 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 35198 | OtherRevenues |
| Revenue Not Rptd F990 | 35198 | RevenueNotRptdF990 |
| Revenue Subtotal | 4132998 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 4132998 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 3785799 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 35198 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 35198 | ExpensesNotRptdF990 |
| Expenses Subtotal | 3750601 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 3750601 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Description of Uncertain Tax Positions Under FIN 48: | 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, 2012, the Foundation had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. |
| Part XI, Line 2d - Other Adjustments: | Rental expenses included on Part VIII Line 6b 35,198. | |
| Part XII, Line 2d - Other Adjustments: | Rental expenses included on Part VIII Line 6b 35,198. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (14 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| GO2 CHURCH PLANTING MINISTRIES INC | |||||||
| 320 N THIRD ST | TELFORD | PA | 18969 | 261325545 | 501(c)(3) | 105000 | CHURCH PLANTING |
| ASSOCIATION OF GRACE BRETHREN MINISTERS | |||||||
| PO BOX 694 | WINONA LAKE | IN | 46590 | 953307208 | 501(c)(3) | 144000 | CHURCH PLANTING |
| NORTHWEST CHAPEL GRACE BRETHREN CHURCH | |||||||
| 6730 RINGS ROAD PO BOX 1234 | DUBLIN | OH | 43017 | 311148543 | 501(c)(3) | 50000 | 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) | 56500 | CHURCH PLANTING |
| THE GRACE TRUST | |||||||
| PO BOX 588 | WINONA LAKE | IN | 46590 | 350992713 | 501(c)(3) | 81500 | 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) | 15000 | 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) | 44500 | ORGANIZATIONAL SUPPORT |
| BRETHREN MISSIONARY HERALD | |||||||
| PO BOX 576 | WINONA LAKE | IN | 46590 | 350877556 | 501(c)(3) | 12500 | ORGANIZATIONAL SUPPORT |
| WOMEN OF GRACE | |||||||
| PO BOX 711 | WINONA LAKE | IN | 46590 | 351597909 | 501(c)(3) | 12500 | ORGANIZATIONAL SUPPORT |
| METRO-GRACE PHILADELPHIA | |||||||
| 4706 COMLY ST | PHILADELPHIA | PA | 19135 | 300224059 | 501 (c) 3 | 20000 | ORGANIZATIONAL SUPPORT |
| CARIBBEAN VISION MINISTRIES - TRINIDADIAN AND HAITIAN | |||||||
| PO BOX 18317 | PANAMA CITY BEACH | FL | 32417 | 270848858 | 501 (c) 3 | 25000 | ORGANIZATIONAL SUPPORT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 14 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, 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. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Organization's Mission | 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. 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 CFO 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 and other key employees. The executive care committee then recommends compensation packages 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 approvals final compensation and benefit packages. The deliberations are recorded in the minutes. This process was last completed in 2012. | |
| 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. | |
| Explanation of Responsibility: | 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
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Fellowship of Grace Brethren Churches Inc | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 384 | AddressLine1 |
| City | Winona Lake | City |
| State | IN | State |
| ZIP Code | 46590 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 351944640 | EIN |
| Primary Activities | Religion; Spiritual Development | PrimaryActivities |
| Legal Domicile State | IN | LegalDomicileState |
| Exempt Code Section | 501(c)(3) | ExemptCodeSection |
| Public Charity Status | 1 | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
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