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← THE ROSSER FOUNDATION A PURE CHARITABLE TRUST AND PUBLIC CHARIT

Form 990 for tax year 2024

Filed by THE ROSSER FOUNDATION A PURE CHARITABLE TRUST AND PUBLIC CHARIT.

Totals

Total revenue
$28,784,583
Total expenses
$29,075,441
Contributions and grants received
$29,114,324
Grants paid
$18,580,384
Program service revenue
$0
Investment income
$415,114
Other revenue
-$744,855
Total assets, end of year
$15,097,626
Total liabilities, end of year
$3,723,689
Net assets or fund balances, end of year
$11,373,937
Program services expenses (Part IX)
$23,518,435
Management and general expenses
$1,161,685
Fundraising expenses
$4,395,321
Program service expenses (Part III)
$23,518,435

Program services were 80.9% 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.

  • 1c · Fundraising events

    $4,092,478

  • 1f · All other contributions, gifts and grants

    $25,021,846

  • 1g · Noncash contributions included above

    $8,673,220

  • 3 · Investment income

    total $352,026 · excluded $352,026

  • 7a · Gross sales of assets other than inventory

    securities $3,470,429 · other assets $977,804

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

    securities $3,371,303 · other assets $1,013,842

  • 7c · Gain or loss

    securities $99,126 · other assets -$36,038

  • 7d · Net gain or loss

    total $63,088 · related or exempt $93 · excluded $62,995

  • 8a · Fundraising events: gross income

    $16,900

  • 8a · Fundraising events: contributions included on line 1c

    $4,092,478

  • 8b · Fundraising events: direct expenses

    $868,414

  • 8c · Net income from fundraising events

    total -$851,514

  • 11a · Other revenue: OTHER INCOME

    total $106,659 · excluded $106,659

  • 11e · Other revenue, total

    $106,659

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,291,161 · program services $1,291,161

  • 2 · Grants to domestic individuals

    total $32,833 · program services $32,833

  • 3 · Grants to foreign organizations and individuals

    total $17,256,390 · program services $17,256,390

  • 5 · Compensation of officers, directors and key employees

    total $609,217 · program services $259,935 · management and general $61,458 · fundraising $287,824

  • 7 · Other salaries and wages

    total $3,730,641 · program services $1,591,752 · management and general $376,347 · fundraising $1,762,542

  • 8 · Pension plan contributions

    total $100,630 · program services $43,458 · management and general $8,135 · fundraising $49,037

  • 9 · Other employee benefits

    total $301,759 · program services $130,317 · management and general $24,394 · fundraising $147,048

  • 10 · Payroll taxes

    total $324,084 · program services $139,960 · management and general $26,198 · fundraising $157,926

  • 11b · Fees: legal

    total $17,263 · management and general $17,263

  • 11c · Fees: accounting

    total $25,000 · management and general $25,000

  • 11g · Fees: other

    total $2,900 · management and general $2,900

  • 12 · Advertising and promotion

    total $310,900 · fundraising $310,900

  • 13 · Office expenses

    total $82,092 · program services $13,458 · management and general $12,834 · fundraising $55,800

  • 14 · Information technology

    total $310,185 · program services $83,091 · management and general $10,394 · fundraising $216,700

  • 16 · Occupancy

    total $179,998 · program services $76,725 · management and general $44,630 · fundraising $58,643

  • 17 · Travel

    total $227,419 · program services $212,756 · fundraising $14,663

  • 19 · Conferences, conventions and meetings

    total $26,015 · program services $8,148 · management and general $16,901 · fundraising $966

  • 20 · Interest

    total $241,466 · management and general $241,466

  • 22 · Depreciation, depletion and amortization

    total $276,334 · program services $115,629 · management and general $62,714 · fundraising $97,991

  • 23 · Insurance

    total $29,552 · program services $881 · management and general $27,694 · fundraising $977

  • 24a · Other expenses: CHURCH BUILDING

    total $11,149,580 · program services $11,149,580

  • 24b · Other expenses: CHURCH BUILDING IN-KIND

    total $6,219,908 · program services $6,219,908

  • 24c · Other expenses: DISCIPLESHIP

    total $2,748,844 · program services $2,748,844

  • 24d · Other expenses: DONOR EVENTS

    total $959,183 · fundraising $959,183

  • 24e · All other expenses

    total -$17,377,913 · program services -$17,856,391 · management and general $203,357 · fundraising $275,121

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $929,440 · end of year $2,108,843

  • 4 · Accounts receivable

    beginning of year $850,943 · end of year $231,061

  • 9 · Prepaid expenses and deferred charges

    beginning of year $151,228 · end of year $21

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

    $8,962,975

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

    $1,125,906

  • 10c · Land, buildings and equipment, net

    beginning of year $8,183,389 · end of year $7,837,069

  • 11 · Investments: publicly traded securities

    beginning of year $4,543,682 · end of year $3,861,334

  • 12 · Investments: other securities

    beginning of year $1,056,875 · end of year $1,059,298

  • 17 · Accounts payable and accrued expenses

    beginning of year $561,780 · end of year $246,878

  • 23 · Secured mortgages and notes payable

    beginning of year $3,990,379 · end of year $3,476,811

  • 27 · Net assets without donor restrictions

    beginning of year $4,812,343 · end of year $4,594,705

  • 28 · Net assets with donor restrictions

    beginning of year $6,351,055 · end of year $6,779,232

Mission and programs · 2024

Mission

TO NURTURE BELIEVERS AND ASSIST IN THE GROWTH OF THE CHURCH WORLDWIDE.

  • DESIGN AND CONSTRUCTION OF CHURCHES THROUGHOUT THE WORLD IN CONJUNCTION WITH CHURCHES AND OTHER MINISTRIES.

    Expenses $19,419,120 · Grants $18,580,384

  • PRODUCTION, TRANSLATION, AND COPYING OF PROGRAM AND NOTES FOR STUDY OF THE BIBLE AND BROADCASTING THOSE PROGRAMS THROUGHOUT THE WORLD.

    Expenses $4,099,315

As filed on the 2024 return.

Listed in Part VII

  • Janice Allen

    CEO, PRES, E

    Total calculated
    $186,003
    From this org
    $180,627
    From related orgs
    $0
    Other
    $5,376
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,627
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,376
    Nontaxable benefits
    not reported
    Filer's total
    $186,003

  • Thomas Frommack

    CHIEF PROGRA

    Total calculated
    $157,122
    From this org
    $148,677
    From related orgs
    $0
    Other
    $8,445
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,677
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,445
    Nontaxable benefits
    not reported
    Filer's total
    $157,122

  • Janice H Stringer

    COO

    Total calculated
    $150,709
    From this org
    $144,989
    From related orgs
    $0
    Other
    $5,720
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,989
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,720
    Nontaxable benefits
    not reported
    Filer's total
    $150,709

  • Sean Mitchell

    VP OF DEVELO

    Total calculated
    $145,007
    From this org
    $134,924
    From related orgs
    $0
    Other
    $10,083
    Hours/week
    40

  • Michael Roth

    DEVELOPMENT

    Total calculated
    $104,386
    From this org
    $102,500
    From related orgs
    $0
    Other
    $1,886
    Hours/week
    40

  • Robert Leatherwood

    DEVELOPMENT

    Total calculated
    $103,769
    From this org
    $102,985
    From related orgs
    $0
    Other
    $784
    Hours/week
    40

  • Matthew Allen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Janet Ward Black

    ADV. COMM. C

    Total calculated
    $0
    Hours/week
    1

  • Kathy Blankemeyer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Arun Daniel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karen Gainey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Shandre Harasty

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Toby Harris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Burt Higgins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cindy Higgins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Hockett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Aubrey Rosser Jr

    AUDIT RISK M

    Total calculated
    $0
    Hours/week
    1

  • Rich Kidd

    GOVERNANCE C

    Total calculated
    $0
    Hours/week
    1

  • Kris Lightcap

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr James P Gills MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chris Peifer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Zoran Ploscar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bill Shook

    FINANCE COMM

    Total calculated
    $0
    Hours/week
    1

  • Miriam Shook

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Todd Stewart

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paul Thrift

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charles Watkins

    STRAT. ISS.

    Total calculated
    $0
    Hours/week
    1

  • Bill Wolf

    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. 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 committee
  • 3 · Form 990 of other organizations
  • 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

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
20 August 2025
IRS schema version
2024v5.0
Source object
202502329349301210

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