Totals
- Total revenue
- $2,239,335
- Total expenses
- $382,283
- Contributions and grants received
- $2,078,569
- Grants paid
- $4,615
- Program service revenue
- $0
- Investment income
- $148,843
- Other revenue
- $11,923
- Total assets, end of year
- $4,214,792
- Total liabilities, end of year
- $268,634
- Net assets or fund balances, end of year
- $3,946,158
- Program services expenses (Part IX)
- $272,660
- Management and general expenses
- $107,618
- Fundraising expenses
- $2,005
- Program service expenses (Part III)
- $272,660
Program services were 71.3% 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
$2,078,569
-
3 · Investment income
total $148,843 · excluded $148,843
-
11a · Other revenue: Miscellaneous Revenue
total $11,923 · excluded $11,923
-
11e · Other revenue, total
$11,923
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,615 · program services $4,615
-
7 · Other salaries and wages
total $140,924 · program services $105,693 · management and general $35,231
-
10 · Payroll taxes
total $10,781 · management and general $10,781
-
11b · Fees: legal
total $1,271 · management and general $1,271
-
11c · Fees: accounting
total $6,513 · management and general $6,513
-
11f · Fees: investment management
total $16,732 · management and general $16,732
-
11g · Fees: other
total $7,531 · management and general $7,531
-
12 · Advertising and promotion
total $149,733 · program services $149,733
-
13 · Office expenses
total $4,644 · management and general $4,644
-
14 · Information technology
total $4,974 · program services $2,600 · management and general $2,374
-
17 · Travel
total $10,019 · program services $10,019
-
19 · Conferences, conventions and meetings
total $2,005 · fundraising $2,005
-
23 · Insurance
total $3,781 · management and general $3,781
-
24a · Other expenses: Miscellaneous
total $18,760 · management and general $18,760
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $306,666 · end of year $107,478
-
2 · Savings and temporary cash investments
beginning of year $26,469 · end of year $256,656
-
4 · Accounts receivable
end of year $4,250
-
11 · Investments: publicly traded securities
beginning of year $1,535,241 · end of year $3,846,408
-
17 · Accounts payable and accrued expenses
beginning of year $10,617 · end of year $11,978
-
21 · Escrow or custodial account liability
end of year $256,656
-
27 · Net assets without donor restrictions
beginning of year $1,857,759 · end of year $3,946,158
Mission and programs · 2023
Mission
Fortify Foundation is organized and operated to provide greater opportunity and wider accessibility to Christian education, as well as to improve and broaden the impact of existing Christian schools. The Foundation accomplishes its mission by helping Christian schools raise general and specific endowments and scholarships. The Foundation encourages and facilitates major and planned gifts benefiting each school's fund held and managed by the Foundation. Additionally, the Foundation has also taken on a capital campaign division to help schools utilize their immediate focus on current needs and build out a long-term financial strategy.
Activities or mission (Part I)
Fortify Foundation is organized and operated to provide greater opportunity and wider accessibility to Christian education, as well as to improve and broaden the impact of existing Christian schools. The Foundation accomplishes its mission by helping Christian schools raise general and specific endowments and scholarships. The Foundation encourages and facilitates major and planned gifts benefiting each school's fund held and managed by Fortify Foundation.
-
In 2023, Fortify Foundation continued to grow and developed a network of relationships with Christian schools. The Foundation participated in several regional / national conferences to further extend its reach and exposure to Christian schools. Through the addition of a capital campaign division, the Foundation also educated schools in how capital campaigns can be a great catalyst to launch and build endowment funds.
Expenses $272,660 · Grants $4,615
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Edward Earwood
President
- Total calculated
- $0
- Hours/week
- 1
-
Dan Handford
Vice President/Secretary
- Total calculated
- $0
- Hours/week
- 1
-
JD Rye
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Wyman Shull
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Jason Boehn
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Maurice McCaney
Director - Began 08/2023
- Total calculated
- $0
- Hours/week
- 0.1
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 9 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423039349301692
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