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← HAVEN OF REST MINISTRIES ENDOWMENT FOUNDATION

Form 990 for tax year 2022

Filed by HAVEN OF REST MINISTRIES ENDOWMENT FOUNDATION.

Totals

Total revenue
$1,603,525
Total expenses
$548,523
Contributions and grants received
$1,253,935
Grants paid
$390,288
Program service revenue
$0
Investment income
$349,590
Other revenue
$0
Total assets, end of year
$12,538,410
Total liabilities, end of year
$87,000
Net assets or fund balances, end of year
$12,451,410
Program services expenses (Part IX)
$390,288
Management and general expenses
$158,235
Fundraising expenses
$0
Program service expenses (Part III)
$390,288

Program services were 71.2% 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.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,253,935

  • 3 · Investment income

    total $348,699 · excluded $348,699

  • 7a · Gross sales of assets other than inventory

    securities $1,050,931

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

    securities $1,050,040

  • 7c · Gain or loss

    securities $891

  • 7d · Net gain or loss

    total $891 · excluded $891

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $390,288 · program services $390,288

  • 11c · Fees: accounting

    total $2,900 · management and general $2,900

  • 11f · Fees: investment management

    total $53,494 · management and general $53,494

  • 11g · Fees: other

    total $12 · management and general $12

  • 23 · Insurance

    total $101,629 · management and general $101,629

  • 24a · Other expenses: STATE FILING FEE

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,950 · end of year $5,235

  • 7 · Other notes and loans receivable

    beginning of year $2,856,584 · end of year $2,420,577

  • 11 · Investments: publicly traded securities

    beginning of year $6,883,976 · end of year $9,730,746

  • 15 · Other assets

    beginning of year $394,470 · end of year $381,852

  • 17 · Accounts payable and accrued expenses

    beginning of year $754,580 · end of year $87,000

  • 27 · Net assets without donor restrictions

    beginning of year $9,252,708 · end of year $12,306,956

  • 28 · Net assets with donor restrictions

    beginning of year $139,692 · end of year $144,454

Mission and programs · 2022

Mission

THE FOUNDATION IS A SUPPORTING ORGANIZATION FOR HAVEN OF REST MINISTRIES, INC., A SECTION 501(C)(3) ORGANIZATION WHICH OPERATES IN CONJUNCTION WITH ITS MINISTRY, A SHELTER FOR THE HOMELESS IN AKRON, OHIO. THE FOUNDATION'S ACTIVITIES INCLUDE RECEIVING GIFTS, CONTRIBUTIONS AND REQUESTS; INVESTING AND REINVESTING ANY AND ALL FUNDS RECEIVED; AND UTILIZING THE PRINCIPAL AND INTEREST IN FURTHERANCE OF THE CHARITABLE PURPOSES OF HAVEN OF REST MINISTRIES, INC.

Activities or mission (Part I)

TO SUPPORT HAVEN OF REST MINISTRIES, INC., WHICH OPERATES A HOMELESS SHELTER IN AKRON, OHIO.

  • GRANTS TO HAVEN OF REST MINISTRIES, INC. TO SUPPORT GENERAL OPERATIONS FOR ITS MINISTRIES AND ITS SHELTER FOR THE HOMELESS.

    Expenses $390,288 · Grants $390,288

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rev Ben W Walker

    VICE PRESIDENT

    Total calculated
    $69,623
    From this org
    $0
    From related orgs
    $48,623
    Other
    $21,000
    Hours/week
    1 + 21.5 related

  • Terry R Hollister

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Richard Merolla

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Richard A Heasley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael R Kura

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terry Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • T Randall Fairfax

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christopher S Humphrey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Kever

    DIRECTOR

    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

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
2022
Filed
12 February 2024
IRS schema version
2022v5.0
Source object
202410519349300006

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