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← ANABAPTIST FINANCIAL

Form 990 for tax year 2024

Filed by ANABAPTIST FINANCIAL.

Totals

Total revenue
$56,415,297
Total expenses
$51,022,198
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$52,250,535
Investment income
$3,321,744
Other revenue
$843,018
Total assets, end of year
$909,893,531
Total liabilities, end of year
$879,081,595
Net assets or fund balances, end of year
$30,811,936
Program services expenses (Part IX)
$48,903,648
Management and general expenses
$2,053,244
Fundraising expenses
$65,306
Program service expenses (Part III)
$48,903,648

Program services were 95.8% 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.

  • 2a · Program service revenue: LOAN ORIGINATION FEES

    total $904,900 · related or exempt $904,900

  • 2b · Program service revenue: LOAN PROGRAM INTEREST

    total $50,348,289 · related or exempt $50,348,289

  • 2c · Program service revenue: COMMITMENT FEES

    total $133,291 · related or exempt $133,291

  • 2d · Program service revenue: OTHER PROGRAM FEES

    total $324,893 · related or exempt $324,893

  • 2e · Program service revenue: STEWARDSHIP EDUCATION

    total $503,162 · related or exempt $503,162

  • 2f · All other program service revenue

    total $36,000 · related or exempt $36,000

  • 3 · Investment income

    total $3,321,744 · excluded $3,321,744

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: INTEREST FROM OFFRDQPS

    total $843,018 · related or exempt $843,018

  • 11e · Other revenue, total

    $843,018

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $915,703 · program services $451,441 · management and general $463,346 · fundraising $916

  • 6 · Compensation of disqualified persons

    total $4,564 · program services $2,738 · management and general $1,803 · fundraising $23

  • 7 · Other salaries and wages

    total $1,805,911 · program services $1,083,547 · management and general $713,335 · fundraising $9,029

  • 8 · Pension plan contributions

    total $8,860 · program services $5,316 · management and general $3,500 · fundraising $44

  • 9 · Other employee benefits

    total $15,547 · program services $9,328 · management and general $6,141 · fundraising $78

  • 10 · Payroll taxes

    total $169,546 · program services $101,727 · management and general $66,971 · fundraising $848

  • 11b · Fees: legal

    total $85,057 · management and general $85,057

  • 11c · Fees: accounting

    total $34,261 · management and general $34,261

  • 11g · Fees: other

    total $269,569 · program services $217,358 · management and general $46,765 · fundraising $5,446

  • 12 · Advertising and promotion

    total $24,871 · fundraising $24,871

  • 13 · Office expenses

    total $557,080 · program services $328,928 · management and general $209,913 · fundraising $18,239

  • 14 · Information technology

    total $513,894 · program services $288,248 · management and general $219,834 · fundraising $5,812

  • 16 · Occupancy

    total $241,392 · program services $125,342 · management and general $116,050

  • 17 · Travel

    total $157,490 · program services $125,992 · management and general $31,498

  • 19 · Conferences, conventions and meetings

    total $126,763 · program services $115,831 · management and general $10,932

  • 20 · Interest

    total $45,953,289 · program services $45,953,289

  • 22 · Depreciation, depletion and amortization

    total $87,676 · program services $43,838 · management and general $43,838

  • 24a · Other expenses: PROVISION FOR LOAN LOSSES

    total $50,725 · program services $50,725

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $68,647,180 · end of year $35,344,043

  • 2 · Savings and temporary cash investments

    beginning of year $7,875,985 · end of year $7,712,569

  • 4 · Accounts receivable

    beginning of year $69,584 · end of year $85,133

  • 5 · Loans and receivables from officers and key people

    beginning of year $12,101,586 · end of year $14,088,224

  • 7 · Other notes and loans receivable

    beginning of year $697,246,281 · end of year $833,483,265

  • 10a · Land, buildings and equipment: cost or other basis

    $3,690,342

  • 10b · Land, buildings and equipment: accumulated depreciation

    $542,164

  • 10c · Land, buildings and equipment, net

    beginning of year $3,216,419 · end of year $3,148,178

  • 11 · Investments: publicly traded securities

    beginning of year $10,726,963 · end of year $11,216,326

  • 15 · Other assets

    beginning of year $4,133,832 · end of year $4,815,793

  • 17 · Accounts payable and accrued expenses

    beginning of year $130,374 · end of year $201,383

  • 25 · Other liabilities

    beginning of year $778,468,619 · end of year $878,880,212

  • 27 · Net assets without donor restrictions

    beginning of year $25,418,837 · end of year $30,811,936

Mission and programs · 2024

Mission

ANABAPTIST FINANCIAL HAS BEEN ESTABLISHED TO ADVANCE CONSERVATIVE AMISH, MENNONITE, AND BRETHEN (ANABAPTIST) RELIGIOUS BELIEFS, CULTURAL TRADITIONS AND LIFESTYLES. ANABAPTIST FINANCIAL WAS CREATED TO GENERATE A SOURCE OF FUNDS FOR MAKING (CONTINUED)

  • LOAN PROGRAM: AF MAKES LOANS TO ANABAPTIST INDIVIDUALS, BUSINESSES, AND CHARITABLE ORGANIZATIONS. LOANS INCLUDE BUSINESS REAL ESTATE, BUSINESS OPERATING, AND HOME MORTGAGES. AS OF ITS CURRENT YEAR END, AF HAD 3,548 OUTSTANDING LOANS IN ITS LOAN PORTFOLIO, TOTALING LOAN RECEIVABLES OF $849,345,771 NET OF A LOAN LOSS RESERVE OF $1,774,282. THESE LOANS ASSIST ANABAPTISTS IN MAINTAINING THEIR RELIGIOUS BELIEFS AND CULTURAL LIFESTYLES.

    Expenses $48,236,228 · Revenue $52,590,391

  • STEWARDSHIP EDUCATION PROGRAM: PROVIDING NEEDED EDUCATION TO THE ANABAPTIST COMMUNITY FROM WITHIN THE ANABAPTIST COMMUNITY.

    Expenses $667,420 · Revenue $503,162

As filed on the 2024 return.

Listed in Part VII

  • PAUL A MILLER

    EXECUTIVE OFFICER

    Total calculated
    $155,764
    From this org
    $151,227
    From related orgs
    $0
    Other
    $4,537
    Hours/week
    46.6

    Schedule J breakdown matched by us

    Base
    $151,227
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $4,537
    Filer's total
    $155,764

  • TIM THOMAS

    FINANCIAL OFFICER

    Total calculated
    $153,938
    From this org
    $149,320
    From related orgs
    $0
    Other
    $4,618
    Hours/week
    46.2

    Schedule J breakdown matched by us

    Base
    $149,320
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $4,618
    Filer's total
    $153,938

  • MARK PEACHEY

    OFFICER

    Total calculated
    $128,554
    From this org
    $0
    From related orgs
    $124,697
    Other
    $3,857
    Hours/week
    0 + 50.5 related

  • JASON PEACHEY

    ACCOUNTING & IT MANAGER

    Total calculated
    $123,869
    From this org
    $120,153
    From related orgs
    $0
    Other
    $3,716
    Hours/week
    54.4

  • FLOYD MILLER

    OPERATIONS OFFICER

    Total calculated
    $120,596
    From this org
    $117,055
    From related orgs
    $0
    Other
    $3,541
    Hours/week
    42.8

  • RICHIE LAUER

    FOUNDATION OFFICER

    Total calculated
    $113,300
    From this org
    $0
    From related orgs
    $109,901
    Other
    $3,399
    Hours/week
    0 + 37.1 related

  • JASON NEWSWANGER

    INVESTMENT & LOAN MANAGER

    Total calculated
    $109,003
    From this org
    $107,479
    From related orgs
    $0
    Other
    $1,524
    Hours/week
    46.5

  • KENDALL MARTIN

    LOANS MANAGER

    Total calculated
    $104,479
    From this org
    $104,479
    From related orgs
    $0
    Other
    $0
    Hours/week
    43.8

  • EDWARD HERSHBERGER

    STEWARDSHIP EDUCATIONS ADMIN

    Total calculated
    $82,217
    From this org
    $0
    From related orgs
    $81,170
    Other
    $1,047
    Hours/week
    17.2 + 17.1 related

  • KENNETH BURKHOLDER

    CHAIRMAN

    Total calculated
    $52,235
    From this org
    $0
    From related orgs
    $52,235
    Other
    $0
    Hours/week
    0.5 + 20.1 related

  • LARRY TROYER

    TREASURER

    Total calculated
    $29,564
    From this org
    $0
    From related orgs
    $29,564
    Other
    $0
    Hours/week
    0.5 + 11.4 related

  • DENNIS MARTIN

    EXECUTIVE ADMINISTRATOR

    Total calculated
    $26,065
    From this org
    $26,065
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.6

  • STEPHEN STOLTZFUS

    AT LARGE

    Total calculated
    $2,737
    From this org
    $0
    From related orgs
    $2,737
    Other
    $0
    Hours/week
    0.5 + 1 related

  • ANDREW ZIMMERMAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • AMOS HURST JR

    AT LARGE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • NATHAN ZIMMERMAN

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • LEON B MARTIN

    AT LARGE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • WAYNE KEIM

    AT LARGE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • M DEAN WENGERD

    AT LARGE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • RICHARD HOOVER

    AT LARGE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Other non-fixed payments (Part I, line 7)
STANDARD BONUS

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
3 October 2025
IRS schema version
2024v5.2
Source object
202532799349301018

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