2011-07-06T15:58:20-05:00 2010-12-31 CAPIN CROUSE LLP 972 EMERSON PARKWAY STE A GREENWOOD IN 46143 990 2010-01-01 351085585 GRACE BRETHREN INVESTMENT FOUNDATION INC GRAC 5742675161 PO BOX 587 WINONA LAKE IN 46590 Brenda Byers 5742675161 2011-07-06 1 Todd Ensign 3178852620 2010 2016-02-24 21:20:13Z LARRY CHAMBERLAIN PO BOX 587 WINONA LAKE IN 46590 4242228 0 X www.gbif.com X 1955 IN TO ASSIST IN THE EXTENSION OF CHRISTIAN WORK BY AND THROUGH THE AGENCIES OF THE FELLOWSHIP OF GRACE BRETHREN CHURCHES AND THE AGENCIES OF THE FOUNDATION, & TO CONTRIBUTE & LOAN FUNDS TO THE FELLOWSHIP OF GRACE BRETHREN CHURCHES & AFFILIATES. 14 14 9 14 0 0 59117 110850 3117958 3224384 1153290 850863 51565 56131 4381930 4242228 555633 583633 0 0 645847 662756 0 0 0 2827751 2645838 4029231 3892227 352699 350001 84429608 88941262 77061899 81223552 7367709 7717710 SEE SCHEDULE O FOR COMPLETE MISSION STATEMENT. 0 0 3235713 583633 3224384 TO ASSIST IN THE EXTENSION OF CHRISTIAN WORK BY AND THROUGH THE AGENCIES OF THE FELLOWSHIP OF GRACE BRETHREN CHURCHES AND THE AGENCIES OF THE FOUNDATION, & TO CONTRIBUTE & LOAN FUNDS TO THE FELLOWSHIP OF GRACE BRETHREN CHURCHES & AFFILIATES. 3235713 1 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2638 0 9 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X THE ORGANIZATION 5742675161 PO BOX 587 WINONA LAKE IN 46590 RALPH HAMPTON 4.00 X 0 0 0 KENT SEMPLE 4.00 X 0 0 0 JAMES POYNER 4.00 X 603 0 0 JERRY MICHAEL 8.00 X X 650 0 0 DAVID COLEMAN 4.00 X 0 0 0 ROBERT MACMILLAN 4.00 X 0 0 0 GEORGE HUTCHISON 4.00 X 0 0 0 RICHARD STAIR 4.00 X 0 0 0 TED ADOMANIS 4.00 X 0 0 0 JOSH BALMER 4.00 X 0 0 0 DAYNE NIX 4.00 X 0 0 0 JERRY YOUNG 4.00 X 0 0 0 HOWARD MAYES 4.00 X 0 0 0 JAMES AUGSPURGER 4.00 X 0 0 0 LARRY N CHAMBERLAIN 40.00 X 111686 0 30615 KEN SEYFERT 40.00 X 112909 0 26370 BRENDA BYERS 40.00 X 80719 0 22224 306567 0 79209 2 0 0 0 0 110850 110850 INT/CHURCH LOANS 900099 3224384 3224384 3224384 850863 850863 56131 56131 56131 56131 4242228 3224384 0 906994 583633 583633 384523 173035 211488 164037 73817 90220 33028 14863 18165 45420 29163 16257 35748 16087 19661 14995 14995 28379 28379 15572 2894 12678 56645 45316 11329 33203 26562 6641 68376 61538 6838 34586 27669 6917 1258 1258 2104261 2104261 62295 62295 40625 40625 BOARD EXPENSE 70115 70115 CHAPLAINCY MINISTRY 63200 63200 INVTMT/LOAN RESERVE 37998 4377 33621 SECURITIES REGISTRATION 8040 8040 OTHER OPERATIONS 6290 6290 3892227 3235713 656514 0 2799486 765797 38297277 41678045 90458 103626 1148311 399764 791123 748547 42451264 45645247 84429608 88941262 553576 593293 76508323 80630259 77061899 81223552 X 7367709 7717710 7367709 7717710 84429608 88941262 350001 X X 0 1 1 X 0 X X X 0 0 0 GBCANADA USA 522094318 7 1 1 1 40000 GO2 CHURCH PLANTING MINISTRY 261325545 7 1 1 1 80000 ASSOC OF GRACE BRETHREN MINISTRY 953307208 9 1 1 1 158500 NORTHWEST CHAPEL GBC 311148543 1 1 1 1 40000 AUBURN GRACE COMMUNITY CHURCH 942842590 1 1 1 1 20000 GRACE BRETHREN INTN'L MISSIONS 350992713 1 1 1 1 70250 GRACE SCHOOLS INC 350868095 2 1 1 1 50000 CE NATIONAL 351126967 1 1 1 1 15000 GRACE VILLAGE 351282401 1 1 1 1 15000 FELLOW OF GRACE BRETHREN CHURCH 351944640 1 1 1 1 39250 BRETHREN MISSIONARY HERALD 350877556 9 1 1 1 15000 WOMEN OF GRACE 351597909 1 1 1 1 12500 GRACE BRETHREN BOYS 311409196 9 1 1 1 2500 GRACE IN ACTION USA INC 352261165 9 1 1 1 2500 INTEGRATED COMM DEV INTERNAT'L 320112278 7 1 1 1 7500 ASIA'S HOPE 341971847 7 1 1 1 7500 COMMUNITY GRACE BRETHREN CHURCH 351043361 1 1 1 1 5000 17 580500 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 116875 116875 722873 151054 571819 308563 248710 59853 748547 LOANS TO GRACE BRETHREN AFFILIATES 45499029 C ACCRUED INTEREST ON LOANS TO AFFILIATES 146218 C 45645247 INVESTOR DEPOSITS DUE ON DEMAND 79513952 INVESTOR DEPOSITS DUE OFFICERS, DIRECTORS, AND EMPLOYEES 1116307 80630259 4242228 3892227 350001 0 350001 4242228 0 4242228 0 4242228 3892227 0 3892227 0 3892227 Description of Uncertain Tax Positions Under FIN 48: Part X: On January 1, 2010, the Foundation adopted the new provisions of the Income Tax topic of the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC). These provisions clarify the accounting for uncertainty in tax positions and prescribe guidance related to the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The tax benefit from an uncertain tax position is only recognized in the statements of financial position if the tax position is more likely than not to be sustained upon an examination, based on the technical merits of the position. Interest and penalties, if any, are included in expenses in the statements of activities. As of December 31, 2010, the Foundation had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. 1 GO2 CHURCH PLANTING MINISTRIES INC 320 N THIRD ST TELFORD PA 18969 261325545 501(c)(3) 80000 CHURCH PLANTING ASSOCIATION OF GRACE BRETHREN MINISTRIES PO BOX 694 WINONA LAKE IN 46590 953307208 501(c)(3) 158500 CHURCH PLANTING NORTHWEST CHAPEL GRACE BRETHREN CHURCH 6700 RINGS ROAD PO BOX 1234 DUBLIN OH 43017 311148543 501(c)(3) 40000 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) 40000 CHURCH PLANTING GRACE BRETHREN INTERNATIONAL MISSIONS PO BOX 588 WINONA LAKE IN 46590 350992713 501(c)(3) 70000 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) 39000 ORGANIZATIONAL SUPPORT BRETHREN MISSIONARY HERALD PO BOX 576 WINONA LAKE IN 46590 350877556 501(c)(3) 15000 ORGANIZATIONAL SUPPORT WOMEN OF GRACE PO BOX 711 WINONA LAKE IN 46590 351597909 501(c)(3) 12500 ORGANIZATIONAL SUPPORT INTEGRATED COMMUNITY DEVELOPMENT INTERNATIONAL 760 E 52ND ST STE 3 INDIANAPOLIS IN 46205 320112278 501(c)(3) 7500 ORGANIZATIONAL SUPPORT ASIA'S HOPE 343 W MILLTOWN RD PMB185 WOOSTER OH 44691 341971847 501(c)(3) 7500 ORGANIZATIONAL SUPPORT COMMUNITY GRACE BRETHREN CHURCH INC 909 S BUFFALO ST WARSAW IN 46580 351043361 501(c)(3) 5000 ORGANIZATIONAL SUPPORT 15 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: 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 REQUESTED TO RESPOND WITH THEIR INTENTIONS FOR USE OF THE FUNDS. Form 990, Part VI, Section A, line 6 AND LINES 7A & 7B: 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 I.R.S., IS THEN MADE AVAILABLE TO THE FULL BOARD PRIOR TO FILING. Form 990, Part VI, Section B, line 12c A CONFLICT OF INTEREST QUESTIONNAIRE IS COMPLETED ANNUALLY. 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 C.E.O. 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. Form 990, Part VI, Section C, line 19 WE ARE NOT TYPICALLY ASKED FOR THESE DOCUMENTS, BUT THEY ARE AVAILABLE FOR REVIEW. 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. ORGANIZATION'S MISSION FORM 990, PAGE 2, PART III, LINE 1 (A) TO ASSIST 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.