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← PALAU FOUNDATION FOR WORLD EVANGELISM

Form 990 for tax year 2022

Filed by PALAU FOUNDATION FOR WORLD EVANGELISM.

Totals

Total revenue
$444,197
Total expenses
$525,328
Contributions and grants received
$209,109
Grants paid
$509,656
Program service revenue
$0
Investment income
$235,088
Other revenue
$0
Total assets, end of year
$2,624,705
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,624,705
Program services expenses (Part IX)
$509,656
Management and general expenses
$15,672
Fundraising expenses
$0
Program service expenses (Part III)
$509,656

Program services were 97.0% 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

    $209,109

  • 1g · Noncash contributions included above

    $65,891

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $43,446 · excluded $43,446

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $682,670

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

    securities $491,028

  • 7c · Gain or loss

    securities $191,642 · other assets $0

  • 7d · Net gain or loss

    total $191,642 · excluded $191,642

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $506,581 · program services $506,581

  • 3 · Grants to foreign organizations and individuals

    total $3,075 · program services $3,075

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0

  • 11b · Fees: legal

    total $1,226 · management and general $1,226

  • 11c · Fees: accounting

    total $9,830 · management and general $9,830

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $3,077 · management and general $3,077

  • 14 · Information technology

    total $1,216 · management and general $1,216

  • 23 · Insurance

    total $323 · management and general $323

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $136,536 · end of year $113,998

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,860,926 · end of year $2,510,707

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $496,766 · end of year $0

  • 17 · Accounts payable and accrued expenses

    end of year $0

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $5,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $198,707 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $3,288,445 · end of year $2,624,705

  • 28 · Net assets with donor restrictions

    beginning of year $2,076 · end of year $0

Mission and programs · 2022

Mission

To win people to Jesus Christ, revive the many Christians who have lost their vision for evangelism, and provide assistance to charitable organizations that have evangelism as one of their core values.

Activities or mission (Part I)

To support Christian organizations.

  • In 2022, the Foundation issued grants totaling $509,656 to different organizations that had evangelism as one of their core values. The Foundation exists to create an endowment for evangelism and help donors participate in world evangelism.

    Expenses $509,656 · Grants $509,656

As filed on the 2022 return.

Listed in Part VII

  • Bud Lindstrand

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Keith Palau

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Richard E Withnell

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Joan Dehn

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Kevin Palau

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Richard Coulson

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Steven Marshman

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • David Jones

    Exec. Director /Secretary / Treasurerr

    Total calculated
    $0
    Hours/week
    5

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

Provenance

Return type
form_990
Tax year
2022
Filed
19 October 2023
IRS schema version
2022v5.0
Source object
202302929349301245

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