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Nonprofiteer
← ANABAPTIST FINANCIAL

Form 990 for tax year 2022

Filed by ANABAPTIST FINANCIAL.

Totals

Total revenue
$29,455,239
Total expenses
$25,699,940
Contributions and grants received
$0
Grants paid
$275,000
Program service revenue
$28,723,019
Investment income
$390,872
Other revenue
$341,348
Total assets, end of year
$711,959,439
Total liabilities, end of year
$690,909,245
Net assets or fund balances, end of year
$21,050,194
Program services expenses (Part IX)
$24,294,495
Management and general expenses
$1,359,123
Fundraising expenses
$46,322
Program service expenses (Part III)
$24,294,495

Program services were 94.5% 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.

  • 2a · Program service revenue: LOAN ORIGINATION FEES

    total $699,331 · related or exempt $699,331

  • 2b · Program service revenue: LOAN PROGRAM INTEREST

    total $27,674,203 · related or exempt $27,674,203

  • 2c · Program service revenue: COMMITMENT FEES

    total $77,331 · related or exempt $77,331

  • 2d · Program service revenue: OTHER PROGRAM FEES

    total $242,154 · related or exempt $242,154

  • 2e · Program service revenue: AFFILIATED NPO RENT

    total $30,000 · related or exempt $30,000

  • 3 · Investment income

    total $390,872 · excluded $390,872

  • 11a · Other revenue: INTEREST FROM OFFRDQPS

    total $341,348 · related or exempt $341,348

  • 11e · Other revenue, total

    $341,348

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $275,000 · program services $275,000

  • 5 · Compensation of officers, directors and key employees

    total $374,885 · program services $141,706 · management and general $232,804 · fundraising $375

  • 6 · Compensation of disqualified persons

    total $527 · program services $316 · management and general $208 · fundraising $3

  • 7 · Other salaries and wages

    total $1,363,024 · program services $817,814 · management and general $538,948 · fundraising $6,262

  • 8 · Pension plan contributions

    total $12,496 · program services $7,498 · management and general $4,936 · fundraising $62

  • 9 · Other employee benefits

    total $13,910 · program services $8,346 · management and general $5,546 · fundraising $18

  • 10 · Payroll taxes

    total $135,362 · program services $81,217 · management and general $53,468 · fundraising $677

  • 11b · Fees: legal

    total $73,309 · management and general $73,309

  • 11c · Fees: accounting

    total $39,387 · management and general $39,387

  • 11g · Fees: other

    total $220,144 · program services $183,505 · management and general $21,510 · fundraising $15,129

  • 12 · Advertising and promotion

    total $11,844 · fundraising $11,844

  • 13 · Office expenses

    total $256,209 · program services $156,566 · management and general $87,755 · fundraising $11,888

  • 14 · Information technology

    total $214,102 · program services $107,210 · management and general $106,828 · fundraising $64

  • 16 · Occupancy

    total $224,248 · program services $119,670 · management and general $104,578

  • 17 · Travel

    total $75,012 · program services $37,506 · management and general $37,506

  • 19 · Conferences, conventions and meetings

    total $10,208 · management and general $10,208

  • 20 · Interest

    total $22,178,431 · program services $22,178,431

  • 22 · Depreciation, depletion and amortization

    total $84,264 · program services $42,132 · management and general $42,132

  • 24a · Other expenses: PROVISION FOR LOAN LOSSES

    total $137,578 · program services $137,578

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,170,535 · end of year $19,391,003

  • 2 · Savings and temporary cash investments

    beginning of year $23,857,784 · end of year $9,162,370

  • 4 · Accounts receivable

    beginning of year $28,900 · end of year $7,830

  • 5 · Loans and receivables from officers and key people

    beginning of year $4,899,843 · end of year $10,519,703

  • 7 · Other notes and loans receivable

    beginning of year $571,384,912 · end of year $655,994,622

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

    $3,665,817

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

    $375,912

  • 10c · Land, buildings and equipment, net

    beginning of year $3,361,866 · end of year $3,289,905

  • 11 · Investments: publicly traded securities

    beginning of year $10,377,977 · end of year $10,403,454

  • 15 · Other assets

    beginning of year $1,848,624 · end of year $3,190,552

  • 17 · Accounts payable and accrued expenses

    beginning of year $79,897 · end of year $131,658

  • 25 · Other liabilities

    beginning of year $608,555,649 · end of year $690,777,587

  • 27 · Net assets without donor restrictions

    beginning of year $17,294,895 · end of year $21,050,194

Mission and programs · 2022

Mission

ANABAPTIST FINANCIAL HAS BEEN ESTABLISHED TO ADVANCE CONSERVATIVE AMISH, MENNONITE, AND BRETHEN (ANABAPTIST) RELIGIOUS BELIEFS, CULTURAL TRADITIONS AND LIFESTYLES. ANABAPTIST FINANCIAL WAS CREATED TO GENERATE A SOURCE OF FUNDS FOR MAKING (CONTINUED)

  • LOAN PROGRAM: AF MAKES LOANS TO ANABAPTIST INDIVIDUALS, BUSINESSES, AND CHARITABLE ORGANIZATIONS. LOANS INCLUDE BUSINESS REAL ESTATE, BUSINESS OPERATING, AND HOME MORTGAGES. AS OF ITS CURRENT YEAR END, AF HAD 3,107 OUTSTANDING LOANS IN ITS LOAN PORTFOLIO, TOTALING LOAN RECEIVABLES OF $668,431,759 NET OF A LOAN LOSS RESERVE OF $1,907,433. THESE LOANS ASSIST ANABAPTISTS IN MAINTAINING THEIR RELIGIOUS BELIEFS AND CULTURAL LIFESTYLES.

    Expenses $24,019,495 · Revenue $29,064,367

  • GRANTS AND ASSISTANCE PROGRAM: AF MAKES LIMITED GRANTS TO OTHER CHARITABLE ORGANIZATIONS THAT ARE EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. DURING THE CURRENT YEAR, AF GAVE SUPPORT TO ONE ORGANIZATION.

    Expenses $275,000 · Grants $275,000

As filed on the 2022 return.

Listed in Part VII

  • Paul A Miller

    EXECUTIVE OFFICER

    Total calculated
    $128,596
    From this org
    $128,596
    From related orgs
    $0
    Other
    $0
    Hours/week
    38 + 6 related

  • Tim Thomas

    FINANCIAL OFFICER

    Total calculated
    $126,396
    From this org
    $126,396
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Richie Lauer

    FOUNDATION OFFICER

    Total calculated
    $105,500
    From this org
    $0
    From related orgs
    $105,500
    Other
    $0
    Hours/week
    0 + 39 related

  • Floyd Miller

    OPERATIONS OFFICER

    Total calculated
    $97,312
    From this org
    $97,312
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Merle Herr

    BUSINESS RESOURCE OFFICER

    Total calculated
    $78,125
    From this org
    $0
    From related orgs
    $78,125
    Other
    $0
    Hours/week
    1 + 30 related

  • Dennis Martin

    EXECUTIVE ADMINISTRATOR

    Total calculated
    $22,581
    From this org
    $22,581
    From related orgs
    $0
    Other
    $0
    Hours/week
    9

  • Wayne Keim

    AT LARGE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Kenneth Burkholder

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • David Martin

    AT LARGE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • M Dean Wengerd

    AT LARGE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Nathan Zimmerman

    AT LARGE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Amos Hurst Jr

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Stephen Stoltzfus

    AT LARGE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Ben A Stoltzfus

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Andrew Zimmerman

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Larry Troyer

    AT LARGE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

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
13 September 2023
IRS schema version
2022v5.0
Source object
202332619349300608

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