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Form 990 for tax year 2024

Filed by MEN OF ISSACHAR.

Totals

Total revenue
$42,239
Total expenses
$417,216
Contributions and grants received
$25,000
Grants paid
$414,000
Program service revenue
$0
Investment income
$17,239
Other revenue
$0
Total assets, end of year
$797,583
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$797,583
Program services expenses (Part IX)
$417,216
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$417,216

Program services were 100.0% 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

    $25,000

  • 3 · Investment income

    total $9,578 · related or exempt $9,578

  • 4 · Income from investment of tax-exempt bond proceeds

    total $2,296 · related or exempt $2,296

  • 7a · Gross sales of assets other than inventory

    securities $289,597

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

    securities $284,232

  • 7c · Gain or loss

    securities $5,365

  • 7d · Net gain or loss

    total $5,365 · related or exempt $5,365

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $414,000 · program services $414,000

  • 11b · Fees: legal

    total $2,161 · program services $2,161

  • 11f · Fees: investment management

    total $989 · program services $989

  • 11g · Fees: other

    total $66 · program services $66

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $142,701 · end of year $26,540

  • 2 · Savings and temporary cash investments

    beginning of year $502,536 · end of year $302,573

  • 12 · Investments: other securities

    beginning of year $402,878 · end of year $468,470

  • 27 · Net assets without donor restrictions

    beginning of year $1,048,115 · end of year $797,583

Mission and programs · 2024

Mission

THE FOUNDATION SHALL RAISE MONIES FROM INDIVIDUALS & OTHER ORGANIZATIONS THAT ARE IN ALIGNMENT WITH FOUNDATIONAL CHRISTIAN BIBLICAL PRINCIPLES & WILL PROVIDE GRANTS & MONIES TO THOSE DESERVING ORGANIZATIONS QUALIFIED UNDER SECTION 501(C)(3) OF THE CODE.

Activities or mission (Part I)

SEE MISSION STATEMENT AT PART III, LINE 1.

  • THE FOUNDATION SHALL RAISE MONIES FROM INDIVIDUALS AND OTHER ORGANIZATIONS THAT ARE IN ALIGNMENT WITH FOUNDATIONAL CHRISTIAN BIBLICAL PRINCIPLES AND WILL PROVIDE GRANTS AND MONIES TO THOSE QUALIFIED AND DESERVING ORGANIZATIONS QUALIFIED UNDER SECTION 501(C)(3) OF THE CODE.

    Expenses $417,216 · Grants $414,000

As filed on the 2024 return.

Listed in Part VII

  • James M Oberman

    PRES. & DIR.

    Total calculated
    $0
    Hours/week
    0.5

  • Ronnie Colosimo

    VP & DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Daniel G Pender

    TREAS. & DIR.

    Total calculated
    $0
    Hours/week
    0.5

  • Brian Kamstra

    SEC. & DIR.

    Total calculated
    $0
    Hours/week
    0.25

  • Martin Ozinga III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

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
2024
Filed
25 April 2025
IRS schema version
2024v5.1
Source object
202541159349301404

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