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Nonprofiteer
← INTERNATIONAL PENTECOSTAL HOLINESS FOUNDATION INC

Form 990 for tax year 2022

Filed by INTERNATIONAL PENTECOSTAL HOLINESS FOUNDATION INC.

Totals

Total revenue
$466,490
Total expenses
$683,751
Contributions and grants received
$422,487
Grants paid
$397,514
Program service revenue
$73,831
Investment income
-$29,828
Other revenue
$0
Total assets, end of year
$13,424,220
Total liabilities, end of year
$11,464,957
Net assets or fund balances, end of year
$1,959,263
Program services expenses (Part IX)
$586,948
Management and general expenses
$96,803
Fundraising expenses
$0
Program service expenses (Part III)
$586,948

Program services were 85.8% 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.

  • 1d · Related organizations

    $100,000

  • 1f · All other contributions, gifts and grants

    $322,487

  • 2a · Program service revenue: Administrative Fees

    total $73,831 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Plan Giving Fees

    total $0 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Misc Fees & reimb

    total $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total -$29,828 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $397,514 · program services $397,514

  • 5 · Compensation of officers, directors and key employees

    total $130,000 · program services $65,000 · management and general $65,000 · fundraising $0

  • 9 · Other employee benefits

    total $53,803 · program services $26,902 · management and general $26,901 · fundraising $0

  • 10 · Payroll taxes

    total $9,804 · program services $4,902 · management and general $4,902 · fundraising $0

  • 11a · Fees: management

    total $3,257 · program services $3,257 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $24,782 · program services $24,782 · management and general $0 · fundraising $0

  • 11f · Fees: investment management

    total $12,382 · program services $12,382 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $600 · program services $600 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $360 · program services $360 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $15,182 · program services $15,182 · management and general $0 · fundraising $0

  • 17 · Travel

    total $25,103 · program services $25,103 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $8,239 · program services $8,239 · management and general $0 · fundraising $0

  • 24a · Other expenses: Dues & Subscriptions

    total $460 · program services $460 · management and general $0 · fundraising $0

  • 24b · Other expenses: Utilities/telephone

    total $1,767 · program services $1,767 · management and general $0 · fundraising $0

  • 24c · Other expenses: Special Events/educ.

    total $498 · program services $498 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $121,455 · end of year $34,622

  • 2 · Savings and temporary cash investments

    beginning of year $1,280,769 · end of year $1,288,725

  • 4 · Accounts receivable

    beginning of year $83,541 · end of year $102,422

  • 11 · Investments: publicly traded securities

    beginning of year $11,547,645 · end of year $7,315,215

  • 13 · Investments: program-related

    beginning of year $4,386,319 · end of year $4,683,236

  • 17 · Accounts payable and accrued expenses

    beginning of year $182,972 · end of year $31,010

  • 21 · Escrow or custodial account liability

    beginning of year $14,801,039 · end of year $11,433,947

  • 27 · Net assets without donor restrictions

    beginning of year $231,135 · end of year $164,982

  • 28 · Net assets with donor restrictions

    beginning of year $2,204,583 · end of year $1,794,281

Mission and programs · 2022

Mission

The IPHF is organized for the exclusive benefit of the International Pentecostal Holiness Church, its subsidiaries, affiliates, institutions, conferences and local churches.

  • Program Service Revenue and Expenses related to serving the IPHC denomination with financial related services.

    Expenses $586,948 · Grants $397,514 · Revenue $466,490

As filed on the 2022 return.

Listed in Part VII

  • George Wilson

    Board Chair

    Total calculated
    $0
    Hours/week
    3

  • William R Till

    Board Sec-Treas

    Total calculated
    $32,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $30,000
    Hours/week
    20

  • Geraldine King

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • David McClain

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Scott Joyner

    Executive Director

    Total calculated
    $130,000
    From this org
    $130,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • David Hays

    Board Vice-Chair

    Total calculated
    $0
    Hours/week
    2

  • Albert Gray

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Randell Drake

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Preston Mathena

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Stephen Haynes

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jared Snider

    Board Member

    Total calculated
    $0
    Hours/week
    1

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
14 November 2023
IRS schema version
2022v5.0
Source object
202313189349318496

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