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Nonprofiteer
← THE TWIN CITIES CHRISTIAN FOUNDATION

Form 990 for tax year 2022

Filed by THE TWIN CITIES CHRISTIAN FOUNDATION.

Totals

Total revenue
$1,064,680
Total expenses
$958,255
Contributions and grants received
$0
Grants paid
$33,711
Program service revenue
$1,061,779
Investment income
$401
Other revenue
$2,500
Total assets, end of year
$566,448
Total liabilities, end of year
$125,013
Net assets or fund balances, end of year
$441,435
Program services expenses (Part IX)
$817,238
Management and general expenses
$141,017
Fundraising expenses
$0
Program service expenses (Part III)
$817,238

Program services were 85.3% 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.

  • 2a · Program service revenue: FEE SHARE

    total $1,061,779 · related or exempt $1,061,779

  • 3 · Investment income

    total $401 · related or exempt $401

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $2,500 · related or exempt $2,500

  • 11e · Other revenue, total

    $2,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $33,711 · program services $33,711

  • 5 · Compensation of officers, directors and key employees

    total $487,500 · program services $414,375 · management and general $73,125

  • 7 · Other salaries and wages

    total $127,800 · program services $108,630 · management and general $19,170

  • 9 · Other employee benefits

    total $30,766 · program services $26,151 · management and general $4,615

  • 10 · Payroll taxes

    total $42,173 · program services $35,847 · management and general $6,326

  • 11g · Fees: other

    total $19,703 · program services $14,777 · management and general $4,926

  • 13 · Office expenses

    total $6,204 · program services $5,273 · management and general $931

  • 14 · Information technology

    total $12,238 · program services $10,402 · management and general $1,836

  • 16 · Occupancy

    total $64,287 · program services $55,078 · management and general $9,209

  • 17 · Travel

    total $76,039 · program services $68,435 · management and general $7,604

  • 19 · Conferences, conventions and meetings

    total $31,249 · program services $29,687 · management and general $1,562

  • 22 · Depreciation, depletion and amortization

    total $848 · program services $721 · management and general $127

  • 23 · Insurance

    total $3,663 · program services $3,114 · management and general $549

  • 24a · Other expenses: MISCELLANEOUS

    total $22,074 · program services $11,037 · management and general $11,037

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $70,068 · end of year $288,368

  • 4 · Accounts receivable

    beginning of year $250,870 · end of year $151,736

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,613 · end of year $8,131

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

    $42,072

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

    $35,913

  • 10c · Land, buildings and equipment, net

    beginning of year $7,007 · end of year $6,159

  • 15 · Other assets

    beginning of year $10,000 · end of year $112,054

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,548 · end of year $15,591

  • 25 · Other liabilities

    beginning of year $10,000 · end of year $109,422

  • 27 · Net assets without donor restrictions

    beginning of year $335,010 · end of year $441,435

Mission and programs · 2022

Mission

THE ORGANIZATION ENABLES FAITHFUL STEWARDS TO GIVE WISELY AND GENEROUSLY TO FURTHER GOD'S PURPOSE FOR THEIR LIVES AND OUR COMMUNITY. NCFTC DOES THIS BY WORKING AS TRUSTED ADVISORS WITH OUR CLIENTS, OFFERING ENCOURAGEMENT, CHRIST-CENTERED FELLOWSHIP, AND A WIDE ARRAY OF CHARITABLE GIVING SERVICES VIS-A-VIS OUR AFFILIATION WITH THE NATIONAL CHRISTIAN FOUNDATION. SIGNIFICANT ACTIVITIES INCLUDE FACILITATING COMMUNITY ENGAGEMENT BETWEEN CHARITIES AND DONORS, AND WORKING WITH DONORS TO IDENTIFY CHARITABLE GIVING OPPORTUNITIES.

  • THE ORGANIZATION'S EFFORTS WILL FOCUS ON ACTIVITIES WHICH EVIDENCE COMMITMENT TO CHRISTIAN PRIORITIES OR ACTIVITIES WHICH SPREAD THE CHRISTIAN GOSPEL THROUGH, WITHOUT LIMITATION, EDUCATIONAL AND/OR RENEWAL OPPORTUNITIES, EVANGELISM PROGRAMS, AND HUMAN SERVICE PROGRAMS.

    Expenses $817,238 · Grants $33,711 · Revenue $1,064,680

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

Listed in Part VII

  • Milo Arkema

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3

  • Jay Bennett

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $225,000
    From this org
    $225,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $225,000

  • Andrew Bennett

    DIRECTOR

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Dean Niewolny

    MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Jeff Carver

    PRESIDENT

    Total calculated
    $212,500
    From this org
    $212,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $212,500
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $212,500

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349312546

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