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Nonprofiteer
← THE TWIN CITIES CHRISTIAN FOUNDATION

Form 990 for tax year 2023

Filed by THE TWIN CITIES CHRISTIAN FOUNDATION.

Totals

Total revenue
$1,075,982
Total expenses
$1,257,028
Contributions and grants received
$58,377
Grants paid
$0
Program service revenue
$1,013,681
Investment income
$1,424
Other revenue
$2,500
Total assets, end of year
$344,263
Total liabilities, end of year
$83,874
Net assets or fund balances, end of year
$260,389
Program services expenses (Part IX)
$1,131,720
Management and general expenses
$125,308
Fundraising expenses
$0
Program service expenses (Part III)
$1,131,720

Program services were 90.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MILO ARKEMA

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3

  • JAY BENNETT

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $287,691
    From this org
    $287,691
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $287,691
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $287,691

  • ANDREW BENNETT

    DIRECTOR

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    9

  • DEAN NIEWOLNY

    MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • JEFF CARVER

    PRESIDENT

    Total calculated
    $224,516
    From this org
    $224,516
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $224,516
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $224,516

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

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
MEMBERS OF THE BOARD OF DIRECTORS COLLECT INFORMATION FROM COMPENSATION SURVEYS PERFORMED BY THE NATIONAL CHRISTIAN FOUNDATION SPANNING OVER THIRTY LOCAL CHRISTIAN COMMUNITY FOUNDATIONS ACROSS THE U.S. AS WELL AS SURVEYS COMPILED BY INDUSTRY GROUPS SUCH AS THE COUNCIL ON FOUNDATIONS. ADDITIONALLY, HISTORICAL 990 INFORMATION IS GATHERED AND ANALYZED FROM OTHER COMMUNITY FOUNDATIONS IN THE SAME GEOGRAPHY TO BETTER UNDERSTAND PEER-RELATED COMPENSATION RANGES. THE BOARD OF DIRECTORS REVIEW AND APPROVE ALL COMPENSATION PACKAGES FOR OFFICERS AND KEY PERSONNEL. BOARD MEMBERS WHO RECEIVE COMPENSATION FROM THE ORGANIZATION ABSTAIN FROM VOTING ON THEIR RESPECTIVE COMPENSATION PACKAGE.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433209349307368

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