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← THE NAZARENE FUND

Form 990 for tax year 2023

Filed by THE NAZARENE FUND.

Totals

Total revenue
$2,968,653
Total expenses
$23,891,765
Contributions and grants received
$2,365,412
Grants paid
$19,521,000
Program service revenue
$2,500
Investment income
$600,741
Other revenue
$0
Total assets, end of year
$612,917
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$612,917
Program services expenses (Part IX)
$23,817,809
Management and general expenses
$73,956
Fundraising expenses
$0
Program service expenses (Part III)
$23,817,809

Program services were 99.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,365,412

  • 2a · Program service revenue: OTHER PROGRAM INCOME

    total $2,500 · related or exempt $2,500

  • 7a · Gross sales of assets other than inventory

    securities $600,741

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $600,741

  • 7d · Net gain or loss

    total $600,741 · related or exempt $600,741

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,521,000 · program services $19,521,000

  • 7 · Other salaries and wages

    total $107,165 · program services $107,165

  • 10 · Payroll taxes

    total $35,983 · program services $35,983

  • 11a · Fees: management

    total $770 · program services $770

  • 11b · Fees: legal

    total $86,064 · program services $12,108 · management and general $73,956

  • 11g · Fees: other

    total $4,073,682 · program services $4,073,682

  • 13 · Office expenses

    total $3,940 · program services $3,940

  • 16 · Occupancy

    total $15,745 · program services $15,745

  • 17 · Travel

    total $47,416 · program services $47,416

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,061,680 · end of year $12,917

  • 11 · Investments: publicly traded securities

    beginning of year $19,720,048 · end of year $600,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $245,699 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $21,536,029 · end of year $612,917

Mission and programs · 2023

Mission

TO LIBERATE THE CAPITVE, TO FREE THE ENSLAVED, AND TO RESCUE, REBUILD, AND RESTORE THE LIVES OF CHRISTIANS AND OTHER PERSECUTED RELIGIOUS AND ETHNIC MINORITIES WHEREVER AND WHENEVER THEY ARE IN NEED.

Activities or mission (Part I)

TO LIBERATE THE CAPTIVE, TO FREE THE ENSLAVED, AND TO RESCUE, REBUILD AND RESTORE THE LIVES OF CHRISTIANS AND OTHER PERSECUTED RELIGIOUS AND ETHNIC MINORITIES WHEREVER AND WHENEVER THEY ARE IN NEED.

  • ORGANIZATION'S PROGRAMS FOCUS ON RESCUING, REBUILDING, AND RESTORING PERSECUTED RELIGIOUS AND ETHNIC MINORITIES. RESCUE: ORGANIZATION OPERATORS ARE TRAINED TO EXTRACT PEOPLE HELD IN MODERN-DAY SLAVERY. REBUILD: THE ORGANIZATION MOVES REFUGEES FLEEING VIOLENCE AND DEATH TO NEW HOMES WHERE THEY CAN REBUILD AND CREATE A NEW FUTURE FOR THEMSELVES AND THEIR FAMILIES. RESTORE: THE ORGANIZATION WORKS TO RESTORE THE LIVES OF OUR BROTHERS AND SISTERS WHO HAVE FACED THE WORST ADVERSITY POSSIBLE.

    Expenses $23,817,809 · Grants $19,521,000 · Revenue $2,968,653

As filed on the 2023 return.

Listed in Part VII

  • David Barton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Glenn Beck

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tim Ballard

    CEO & BOARD MEMBER

    Total calculated
    $107,165
    From this org
    $107,165
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Tim Barton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tonia Beck

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • OPERATION UNDERGROUND RAILROAD

    $19,521,000

    TO FULFILL ORG. CHARITABLE PURPOSE

Provenance

Return type
form_990
Tax year
2023
Filed
29 October 2024
IRS schema version
2023v5.1
Source object
202443169349303914

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