Form 990 for tax year 2023

Totals

Total revenue

$161,974

Total expenses

$698,823

Contributions and grants received

$87,500

Grants paid

$672,274

Program service revenue

$0

Investment income

$74,474

Other revenue

$0

Total assets, end of year

$8,449,025

Total liabilities, end of year

$4,045,451

Net assets or fund balances, end of year

$4,403,574

Program services expenses (Part IX)

$672,274

Management and general expenses

$26,549

Fundraising expenses

$0

Program service expenses (Part III)

$672,274

Program services were 96.2% 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.

Mission and programs · 2023

• MAF Foundation serves as a fundraising entity to support the ministry of Mission Aviation Fellowship (MAF), which reaches the world's most isolated people with the love of Jesus Christ to bring help, hope, and healing through aviation. MAF Foundation supports MAF in its efforts to search for new disciples, support the existing expression of the Christian church and Christian disciple-making movements, strengthen capacity and talent of national workers, serve people's spiritual and physical needs, and steward creation as a reflection of God's love for mankind. The Foundation seeks to educate MAF supporters about stewardship and estate planning. Such services are free of charge. MAF Foundation also administers the Cornerstone Scholarship Endowment Fund to provide scholarships first to children of employees of its related company, Mission Aviation Fellowship. The CSEF is administered pursuant to private letter ruling 9132047.

  Expenses $672,274 · Grants $672,274

As filed on the 2023 return.

Listed in Part VII

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

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

• Mission Aviation Fellowship

  $584,774

  Endowment Disbursement & support for operations

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.

• Mission Aviation Fellowship

  501(c)(3) · Multiply the effectiveness of the church · CA

  Directly controlled by NA

• Undisclosed related tax-exempt organization

  501(c)(3) · Communication, aviation, technical assistance · CA

  Directly controlled by Mission Aviation Fellowship

• Alas de Socorro Ecuador

  501(c)(3) · Aviation · EC

  Directly controlled by Mission Aviation Fellowship

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2023

Filed

14 November 2024

IRS schema version

2023v5.1

Source object

202403199349306160

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