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Nonprofiteer
← THE NAZARENE FUND

Form 990 for tax year 2022

Filed by THE NAZARENE FUND.

Totals

Total revenue
$25,037,683
Total expenses
$7,926,622
Contributions and grants received
$24,870,417
Grants paid
$475,000
Program service revenue
$2,645
Investment income
$164,621
Other revenue
$0
Total assets, end of year
$21,781,728
Total liabilities, end of year
$245,699
Net assets or fund balances, end of year
$21,536,029
Program services expenses (Part IX)
$7,875,142
Management and general expenses
$51,480
Fundraising expenses
$0
Program service expenses (Part III)
$7,875,142

Program services were 99.4% 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

    $24,870,417

  • 2a · Program service revenue: OTHER PROGRAM INCOME

    total $2,645 · related or exempt $2,645

  • 3 · Investment income

    total $164,621 · related or exempt $164,621

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $475,000 · program services $475,000

  • 5 · Compensation of officers, directors and key employees

    total $123,333 · program services $123,333

  • 10 · Payroll taxes

    total $12,043 · program services $12,043

  • 11a · Fees: management

    total $658 · program services $658

  • 11b · Fees: legal

    total $85,240 · program services $33,760 · management and general $51,480

  • 11g · Fees: other

    total $7,136,598 · program services $7,136,598

  • 13 · Office expenses

    total $39,010 · program services $39,010

  • 16 · Occupancy

    total $231 · program services $231

  • 17 · Travel

    total $54,509 · program services $54,509

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,485,480 · end of year $2,061,680

  • 11 · Investments: publicly traded securities

    end of year $19,720,048

  • 17 · Accounts payable and accrued expenses

    beginning of year $60,512 · end of year $245,699

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $4,424,968 · end of year $21,536,029

Mission and programs · 2022

Mission

TO LIBERATE THE CAPITVE, TO FREE THE ENSLAVED, AND TO RESCUE, REBUILD, AND RESTORE THE LIVES OF CHRISTIANS AND OTHER PERSECUTED RELIGIOUS AND ETHNIC MINORITIES WHEREVER AND WHENEVER THEY ARE IN NEED.

Activities or mission (Part I)

TO LIBERATE THE CAPTIVE, TO FREE THE ENSLAVED, AND TO RESCUE, REBUILD AND RESTORE THE LIVES OF CHRISTIANS AND OTHER PERSECUTED RELIGIOUS AND ETHNIC MINORITIES WHEREVER AND WHENEVER THEY ARE IN NEED.

  • ORGANIZATION'S PROGRAMS FOCUS ON RESCUING, REBUILDING, AND RESTORING PERSECUTED RELIGIOUS AND ETHNIC MINORITIES. RESCUE: ORGANIZATION OPERATORS ARE TRAINED TO EXTRACT PEOPLE HELD IN MODERN-DAY SLAVERY. REBUILD: THE ORGANIZATION MOVES REFUGEES FLEEING VIOLENCE AND DEATH TO NEW HOMES WHERE THEY CAN REBUILD AND CREATE A NEW FUTURE FOR THEMSELVES AND THEIR FAMILIES. RESTORE: THE ORGANIZATION WORKS TO RESTORE THE LIVES OF OUR BROTHERS AND SISTERS WHO HAVE FACED THE WORST ADVERSITY POSSIBLE.

    Expenses $7,875,142 · Grants $475,000 · Revenue $167,266

As filed on the 2022 return.

Listed in Part VII

  • David Barton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Glenn Beck

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tim Ballard

    CEO & BOARD MEMBER

    Total calculated
    $123,333
    From this org
    $123,333
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Tim Barton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tonia Beck

    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

  • OPERATION UNDERGROUND RAILROAD

    $475,000

    TO FULFILL ORG. CHARITABLE PURPOSE

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202343179349307369

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