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Nonprofiteer
← SCHOWALTER FOUNDATION INC

Form 990 for tax year 2022

Filed by SCHOWALTER FOUNDATION INC.

Totals

Total revenue
$1,400,825
Total expenses
$426,324
Contributions and grants received
$21
Grants paid
$279,000
Program service revenue
$0
Investment income
$369,839
Other revenue
$1,030,965
Total assets, end of year
$10,243,811
Total liabilities, end of year
$76,211
Net assets or fund balances, end of year
$10,167,600
Program services expenses (Part IX)
$279,000
Management and general expenses
$147,324
Fundraising expenses
$0
Program service expenses (Part III)
$279,000

Program services were 65.4% 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

    $21

  • 3 · Investment income

    total $140,575 · unrelated business $0 · excluded $140,575

  • 5 · Royalties

    total $425,523 · related or exempt $0 · unrelated business $0 · excluded $425,523

  • 6a · Gross rents

    real property $962,101

  • 6b · Less rental expenses

    real property $356,659

  • 6c · Rental income or loss

    real property $605,442

  • 6d · Net rental income or loss

    total $605,442 · excluded $605,442

  • 7a · Gross sales of assets other than inventory

    securities $746,148 · other assets $70,595

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

    securities $579,623 · other assets $7,856

  • 7c · Gain or loss

    securities $166,525 · other assets $62,739

  • 7d · Net gain or loss

    total $229,264 · related or exempt $0 · unrelated business $0 · excluded $229,264

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $279,000 · program services $279,000

  • 5 · Compensation of officers, directors and key employees

    total $77,447 · program services $0 · management and general $77,447 · fundraising $0

  • 10 · Payroll taxes

    total $5,925 · program services $0 · management and general $5,925 · fundraising $0

  • 11a · Fees: management

    total $10,000 · program services $0 · management and general $10,000 · fundraising $0

  • 11b · Fees: legal

    total $1,957 · program services $0 · management and general $1,957 · fundraising $0

  • 11c · Fees: accounting

    total $5,090 · program services $0 · management and general $5,090 · fundraising $0

  • 11f · Fees: investment management

    total $28,372 · program services $0 · management and general $28,372 · fundraising $0

  • 11g · Fees: other

    total $853 · program services $0 · management and general $853 · fundraising $0

  • 13 · Office expenses

    total $1,592 · program services $0 · management and general $1,592 · fundraising $0

  • 16 · Occupancy

    total $5,069 · program services $0 · management and general $5,069 · fundraising $0

  • 17 · Travel

    total $432 · program services $0 · management and general $432 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $6,871 · program services $0 · management and general $6,871 · fundraising $0

  • 23 · Insurance

    total $1,495 · program services $0 · management and general $1,495 · fundraising $0

  • 24a · Other expenses: OTHER EXPENSES

    total $2,221 · program services $0 · management and general $2,221 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $216 · end of year $4,565

  • 2 · Savings and temporary cash investments

    beginning of year $186,533 · end of year $173,060

  • 8 · Inventories for sale or use

    beginning of year $323,708 · end of year $174,143

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

    $2,155,192

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

    $386,373

  • 10c · Land, buildings and equipment, net

    beginning of year $1,705,448 · end of year $1,768,819

  • 11 · Investments: publicly traded securities

    beginning of year $8,519,578 · end of year $8,021,939

  • 15 · Other assets

    beginning of year $94,994 · end of year $101,285

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,758 · end of year $76,211

  • 27 · Net assets without donor restrictions

    beginning of year $10,821,719 · end of year $10,167,600

Mission and programs · 2022

Mission

HELP FURTHER THE PROGRAMS/MISSION OF EVERENCE FOUNDATION PRIMARILY IN SUPPORT OF CHURCHES, AGENCIES, COLLEGES, AND OTHER CHARITIES ASSOCIATED WITH THE MENNONITE CHURCH

  • TO OPERATE SOLELY & EXCLUSIVELY AS A CHARITABLE ORGANIZATION, AND TO HELP MAINTAIN AND FURTHER THE PROGRAMS & MISSION OF EVERENCE FOUNDATION OF GOSHEN, IN.

    Expenses $279,000 · Grants $279,000

As filed on the 2022 return.

Listed in Part VII

  • Heber Ramer

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Anthony Swartzendruber

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Marty Lehman

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • William Hartman III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Delbert Becker

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Barb Schrag

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Diller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Corwin Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Arlan Yoder

    PRESIDENT

    Total calculated
    $77,447
    From this org
    $77,447
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

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

Provenance

Return type
form_990
Tax year
2022
Filed
11 February 2023
IRS schema version
2022v5.0
Source object
202311049349300231

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