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Nonprofiteer
← IN HIS STEPS FOUNDATION

Form 990 for tax year 2022

Filed by IN HIS STEPS FOUNDATION.

Totals

Total revenue
$16,754,413
Total expenses
$9,868,047
Contributions and grants received
$16,156,332
Grants paid
$8,801,604
Program service revenue
$370,622
Investment income
$187,129
Other revenue
$40,330
Total assets, end of year
$51,823,951
Total liabilities, end of year
$5,400,721
Net assets or fund balances, end of year
$46,423,230
Program services expenses (Part IX)
$9,770,805
Management and general expenses
$68,399
Fundraising expenses
$28,843
Program service expenses (Part III)
$9,770,805

Program services were 99.0% 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

    $16,156,332

  • 1g · Noncash contributions included above

    $8,313,920

  • 2a · Program service revenue: AGENCY ENDOWMENT FEE

    total $370,622 · related or exempt $370,622

  • 3 · Investment income

    total $1,002,695 · excluded $1,002,695

  • 5 · Royalties

    total $617 · excluded $617

  • 7a · Gross sales of assets other than inventory

    securities $33,815,991

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

    securities $34,631,557

  • 7c · Gain or loss

    securities -$815,566

  • 7d · Net gain or loss

    total -$815,566 · excluded -$815,566

  • 11a · Other revenue: OTHER INCOME

    total $39,713 · excluded $39,713

  • 11e · Other revenue, total

    $39,713

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,651,604 · program services $8,651,604

  • 3 · Grants to foreign organizations and individuals

    total $150,000 · program services $150,000

  • 5 · Compensation of officers, directors and key employees

    total $157,713 · program services $115,134 · management and general $28,386 · fundraising $14,193

  • 7 · Other salaries and wages

    total $79,966 · program services $58,375 · management and general $14,394 · fundraising $7,197

  • 8 · Pension plan contributions

    total $2,446 · program services $1,786 · management and general $440 · fundraising $220

  • 9 · Other employee benefits

    total $4,639 · program services $3,386 · management and general $835 · fundraising $418

  • 10 · Payroll taxes

    total $45,967 · program services $33,556 · management and general $8,274 · fundraising $4,137

  • 11c · Fees: accounting

    total $13,182 · program services $1,028 · management and general $12,027 · fundraising $127

  • 11f · Fees: investment management

    total $663,176 · program services $663,176

  • 12 · Advertising and promotion

    total $4,535 · program services $4,535

  • 13 · Office expenses

    total $6,141 · program services $5,772 · management and general $246 · fundraising $123

  • 14 · Information technology

    total $26,962 · program services $26,368 · management and general $324 · fundraising $270

  • 17 · Travel

    total $11,978 · program services $8,983 · management and general $1,797 · fundraising $1,198

  • 22 · Depreciation, depletion and amortization

    total $631 · program services $473 · management and general $95 · fundraising $63

  • 23 · Insurance

    total $1,841 · program services $1,381 · management and general $276 · fundraising $184

  • 24a · Other expenses: COSTS OF ASSETS FOR SALE

    total $16,847 · program services $16,477 · management and general $202 · fundraising $168

  • 24b · Other expenses: SPECIAL PROJECTS

    total $12,533 · program services $12,032 · management and general $376 · fundraising $125

  • 24c · Other expenses: FALL FOCUS ON GIVING

    total $6,646 · program services $6,646

  • 24d · Other expenses: TELEPHONE

    total $3,551 · program services $2,663 · management and general $533 · fundraising $355

  • 24e · All other expenses

    total $7,689 · program services $7,430 · management and general $194 · fundraising $65

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,364,952 · end of year $762,133

  • 4 · Accounts receivable

    end of year $32,241

  • 9 · Prepaid expenses and deferred charges

    end of year $425

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

    $3,154

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

    $1,420

  • 10c · Land, buildings and equipment, net

    beginning of year $1,103 · end of year $1,734

  • 11 · Investments: publicly traded securities

    beginning of year $45,231,344 · end of year $48,364,829

  • 15 · Other assets

    beginning of year $2,462,983 · end of year $2,662,589

  • 17 · Accounts payable and accrued expenses

    beginning of year $52,580

  • 25 · Other liabilities

    beginning of year $7,994,780 · end of year $5,400,721

  • 27 · Net assets without donor restrictions

    beginning of year $42,013,022 · end of year $46,423,230

Mission and programs · 2022

Mission

TO ENCOURAGE AND TEACH CHRISTLIKE STEWARDSHIP WHICH BECOMES THE BASIS FOR PERSONAL GIVING AND ESTATE PLANNING; TO ALSO PROVIDE A PRUDENTLY MANAGED REPOSITORY FOR CAPITAL, INVESTED FOR THE PURPOSE OF DISTRIBUTION TO MINISTRIES PROCLAIMING THE GOSPEL OF JESUS CHRIST AND FOR OTHER CHARITABLE PURPOSES.

  • HELP PEOPLE DISCOVER GODS PLAN OF STEWARDSHIP FOR THEIR WEALTH AND IMPLEMENT THAT PLAN THROUGH UTILIZING ALL THE BENEFITS OF A LOW-COST PUBLIC FOUNDATION DEDICATED TO HELPING OTHER MINISTRIES. HELP FAMILIES START AND USE A FAMILY FOUNDATION FUND FOR CHRISTIAN PHILANTHROPY. HELP CHURCHES AND MINISTRIES START AND GROW AN ENDOWMENT FOR THEIR FUTURE STABILITY. GROW OUR INVESTMENTS USING CAREFULLY SELECTED PROFESSIONAL FINANCIAL ADVISORS SUPERVISED BY THE INVESTMENT COMMITTEE. ANNUALLY MAKE GRANTS FROM OUR GENERAL FUND TO CAREFULLY SELECTED N.E. OHIO CHRISTIAN MINISTRIES. EQUIP GODS PEOPLE IN BIBLICAL STEWARDSHIP THROUGH TEACHING, PUBLIC MEETINGS AND PRIVATE COUNSELING. OFFER AND ADMINISTER PLANNED FUTURE GIFTS THAT PROVIDE CURRENT TAX-WISE BENEFITS TO DONORS. PARTNER WITH LIKE-MINDED LEGAL, FINANCIAL AND ESTATE PLANNING PROFESSIONALS TO ADVOCATE A BIBLICAL MODEL OF STEWARDSHIP. PARTICIPATE WITH THE NATIONAL CENTER FOR CHRISTIAN FOUNDATIONS, AND OTHER COLLABORATIVE RESOURCES FOR MUTUAL ENRICHMENT.

    Expenses $9,770,805 · Grants $8,801,604 · Revenue $370,622

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

Listed in Part VII

  • Benjamin Lee

    PRESIDENT

    Total calculated
    $157,713
    From this org
    $131,625
    From related orgs
    $0
    Other
    $26,088
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,625
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,150
    Nontaxable benefits
    $20,938
    Filer's total
    $157,713

  • Carolyn Beckett

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Robert Davis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Duross

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tim Geisse

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jerry Petek

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Warner

    BOARD CHAIR

    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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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
2022
Filed
25 October 2023
IRS schema version
2022v5.0
Source object
202303109349301215

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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