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← PALAU FOUNDATION FOR WORLD EVANGELISM

Form 990 for tax year 2024

Filed by PALAU FOUNDATION FOR WORLD EVANGELISM.

Totals

Total revenue
$585,313
Total expenses
$323,460
Contributions and grants received
$44,147
Grants paid
$308,858
Program service revenue
$0
Investment income
$541,166
Other revenue
$0
Total assets, end of year
$2,531,553
Total liabilities, end of year
$900
Net assets or fund balances, end of year
$2,530,653
Program services expenses (Part IX)
$308,858
Management and general expenses
$14,602
Fundraising expenses
$0
Program service expenses (Part III)
$308,858

Program services were 95.5% 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

    $44,147

  • 1g · Noncash contributions included above

    $44,147

  • 3 · Investment income

    total $54,422 · excluded $54,422

  • 7a · Gross sales of assets other than inventory

    securities $2,088,882

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

    securities $1,602,138

  • 7c · Gain or loss

    securities $486,744

  • 7d · Net gain or loss

    total $486,744 · excluded $486,744

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $308,858 · program services $308,858

  • 11b · Fees: legal

    total $983 · management and general $983

  • 11c · Fees: accounting

    total $9,735 · management and general $9,735

  • 13 · Office expenses

    total $2,380 · management and general $2,380

  • 24a · Other expenses: BANK FEES

    total $1,504 · management and general $1,504

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $163,646 · end of year $149,969

  • 11 · Investments: publicly traded securities

    beginning of year $2,389,885 · end of year $2,381,584

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $900

  • 27 · Net assets without donor restrictions

    beginning of year $2,552,311 · end of year $2,530,653

  • 28 · Net assets with donor restrictions

    beginning of year $1,220 · end of year $0

Mission and programs · 2024

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 2024, THE FOUNDATION ISSUED GRANTS TOTALING $308,858 TO DIFFERENT ORGANIZATIONS THAT HAD EVANGELISM AS ONE OF THEIR CORE VALUES. THE FOUNDATION EXISTS TO CREATE AN ENDOWMENT FOR EVANGELISM AND HELP DONORS PARTICPATE IN WORLD EVANGELISM.

    Expenses $308,858 · Grants $308,858

As filed on the 2024 return.

Listed in Part VII

  • Bud Lindstrand

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.3

  • Keith Palau

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3

  • Richard Coulson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Sergio Losano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Kevin Palau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Zack Aspegren

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Scott Kraske

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3

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
2024
Filed
15 October 2025
IRS schema version
2024v5.2
Source object
202542889349301114

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