Skip to content
Nonprofiteer
← REAL CHRISTIAN FOUNDATION INC

Form 990 for tax year 2022

Filed by REAL CHRISTIAN FOUNDATION INC.

Totals

Total revenue
$452,215
Total expenses
$644,293
Contributions and grants received
$409,990
Grants paid
$283,034
Program service revenue
$0
Investment income
$41,785
Other revenue
$440
Total assets, end of year
$4,521,626
Total liabilities, end of year
$151,757
Net assets or fund balances, end of year
$4,369,869
Program services expenses (Part IX)
$418,694
Management and general expenses
$166,041
Fundraising expenses
$59,558
Program service expenses (Part III)
$418,694

Program services were 65.0% 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

    $409,990

  • 3 · Investment income

    total $92,700 · related or exempt $92,700

  • 7a · Gross sales of assets other than inventory

    securities $992,992

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

    securities $1,043,907

  • 7c · Gain or loss

    securities -$50,915

  • 7d · Net gain or loss

    total -$50,915 · related or exempt -$50,915

  • 11a · Other revenue: BOOK SALES-NET

    total $440 · related or exempt $440

  • 11e · Other revenue, total

    $440

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $280,995 · program services $280,995

  • 2 · Grants to domestic individuals

    total $2,039 · program services $2,039

  • 5 · Compensation of officers, directors and key employees

    total $75,991 · program services $15,198 · management and general $37,996 · fundraising $22,797

  • 7 · Other salaries and wages

    total $108,299 · program services $47,330 · management and general $44,885 · fundraising $16,084

  • 9 · Other employee benefits

    total $7,633 · program services $3,488 · management and general $3,108 · fundraising $1,037

  • 10 · Payroll taxes

    total $14,579 · program services $5,015 · management and general $6,532 · fundraising $3,032

  • 11c · Fees: accounting

    total $14,625 · management and general $14,625

  • 11f · Fees: investment management

    total $22,914 · management and general $22,914

  • 11g · Fees: other

    total $29,993 · program services $20,000 · management and general $7,811 · fundraising $2,182

  • 12 · Advertising and promotion

    total $6,971 · management and general $6,971

  • 13 · Office expenses

    total $36,524 · program services $26,005 · management and general $8,082 · fundraising $2,437

  • 14 · Information technology

    total $1,129 · program services $1,129

  • 16 · Occupancy

    total $16,977 · program services $5,659 · management and general $5,659 · fundraising $5,659

  • 17 · Travel

    total $7,993 · program services $5,226 · fundraising $2,767

  • 19 · Conferences, conventions and meetings

    total $3,051 · program services $3,051

  • 22 · Depreciation, depletion and amortization

    total $3,895 · management and general $3,895

  • 23 · Insurance

    total $10,685 · program services $3,559 · management and general $3,563 · fundraising $3,563

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $334,406 · end of year $203,581

  • 2 · Savings and temporary cash investments

    beginning of year $305,101 · end of year $265,394

  • 8 · Inventories for sale or use

    beginning of year $7,990 · end of year $7,754

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

    $180,983

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

    $86,073

  • 10c · Land, buildings and equipment, net

    beginning of year $98,806 · end of year $94,910

  • 11 · Investments: publicly traded securities

    beginning of year $4,571,844 · end of year $3,949,987

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,008 · end of year $6,000

  • 25 · Other liabilities

    beginning of year $112,638 · end of year $145,757

  • 27 · Net assets without donor restrictions

    beginning of year $4,132,137 · end of year $3,456,355

  • 28 · Net assets with donor restrictions

    beginning of year $1,067,364 · end of year $913,514

Mission and programs · 2022

Mission

THE FOUNDATION HAS BEEN FORMED TO MINISTER AND ASSIST THE RURAL POOR THROUGH COMMUNITY REDEVELOPMENT. THIS IS ACHIEVED THROUGH TECHNICAL ASSISTANCE FROM THE FOUNDATION AS WELL AS GRANTS MADE DIRECTLY TO 501(C)(3) ORGANIZATIONS WHO SUPPORT THE FOUNDATION'S VISION.

Activities or mission (Part I)

THE FOUNDATION HAS BEEN FORMED TO MINISTER AND ASSIST THE RURAL POOR THROUGH COMMUNITY REDEVELOPMENT. THIS IS ACHIEVED THROUGH TECHNICAL ASSISTANCE FROM THE FOUNDATION AS WELL AS GRANTS MADE DIRECTLY TO 501 (C) (3) ORGANIZATIONS WHO SUPPORT THE FOUNDATION'S VISION. THESE GRANTS WILL BE FUNDED FROM INVESTMENT INCOME EARNED ON ENDOWED ASSETS WHICH WERE ESTABLISHED THROUGH CONTRIBUTIONS AND SALE OF BOOKS.

  • GRANTS AND TECHNICAL ASSISTANCE TO 501(C)(3) ORGANIZATIONS THAT MINISTER AND ASSIST THE RURAL POOR THROUGH COMMUNITY REDEVELOPMENT.

    Expenses $418,694 · Grants $283,034

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

Listed in Part VII

  • Chanda Roby

    PRESIDENT

    Total calculated
    $75,991
    From this org
    $70,000
    From related orgs
    $0
    Other
    $5,991
    Hours/week
    40

  • Jasper Bacon

    DIRECTOR

    Total calculated
    $0

  • Carol Blackmon

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Erin Briggs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cornellus Craft

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tearsanee Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Derek Finley

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Renee Flynt

    SECRETARY

    Total calculated
    $0

  • Latasha Hadley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Addy Keith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Penick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Antonio Tate

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dolphus Weary

    DIRECTOR EME

    Total calculated
    $0
    Hours/week
    2

  • Rosie Weary

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Danita Weary-Byrd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333199349313738

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.