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Brethren Foundation INC

Tax-deductible

Elgin, IL501(c)(3)Religion EIN 36-3717013Revenue $875K in FY2024Latest return filed Nov 12, 2025

On file with the IRSbrethrenbenefittrust.orgElgin, ILTax-exempt since Jan 1991Supporting organization — 509(a)(3)

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Supports the financial well-being of the church of the Brethren by offering trust and custodial services for investments and deferred gifts.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-3717013) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
47¢ of each $1 spent went to programs.
Run by 11 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $240K a year · 25% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
47%
of spending
47% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
1.3 mo
of spending, in cash
Plus $3.5M in investments, Pt X · Ln 11–13
1.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.8M
80% of total assets
Liabilities are 80% of assets.
Pt X · Ln 26
Independent board members
13
of 13 voting members
13 of 13 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$875K
-7% vs prior year
Spent
$1.7M
To programs
47%
Net assets
$970K
By yearFY2020–FY2024
Revenue
$875K
FY2024▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$983K
FY2021$1.1M
FY2022$1.0M
FY2023$938K
FY2024$875K
Expenses
$1.7M
FY2024▲ +41%
Tap a bar for its year
Expenses by fiscal year
FY2020$859K
FY2021$980K
FY2022$1.3M
FY2023$1.2M
FY2024$1.7M
Net assets
$970K
FY2024▼ -40%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$2.3M
FY2022$1.7M
FY2023$1.6M
FY2024$970K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Follow Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1991.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

47 cents of each dollar spent went to programs.

Program services 47% · $791K Management & general 51% · $867K Fundraising 2% · $35K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation
Kevin Boyer
Board Member
$0Pt VII · Sec A
Sara Davis
Board Member
$0Pt VII · Sec A
Jan Fahs
Board Member
$0Pt VII · Sec A
Katherine Haff
Board Member
$0Pt VII · Sec A
Donna Rhodes
Chair - New
$0Pt VII · Sec A
Russ Matteson
Board Member
$0Pt VII · Sec A
Audrey Myer
Board Member
$0Pt VII · Sec A
Jerry Patterson
Board Member
$0Pt VII · Sec A
See Brethren Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Manages investments and deferred gifts to support the financial well-being of the Church of the Brethren.

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1 program · $791K · in their own filed words · FY2024
01

Supports the financial well-being of the church of the brethren and other persons and groups that share similar values by offering trust and custodial services for investments and deferred gifts.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-3717013) · Dispute this line
$791Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$875K
Ln 12
Fees for servicesLn 2g$842K
Investment incomeLn 3$34K
Money outPt IX
$1.7M
Ln 25
Programscol B$791K
Managementcol C$867K
Fundraisingcol D$35K
Owns and owesPt X
$970K
net assets · Ln 32
Cash and savingsLn 1–2$177K
Total assetsLn 16$4.8M
LiabilitiesLn 26$3.8M
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$842K
Investment incomeLn 3$34K
Total revenueLn 12$875K
Assets in detailPt X, end of year
CashLn 1$45K
SavingsLn 2$132K
Cash and savings togetherLn 1–2$177K
Accounts receivableLn 4$24K
Prepaid expenses and deferred chargesLn 9$685
InvestmentsLn 11–13$3.5M
Other assetsLn 15$1.1M
Total assetsLn 16$4.8M
LiabilitiesLn 26$3.8M
Net assetsLn 32$970K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$207K$177K
InvestmentsLn 11–13$3.4M$3.5M
Total assetsLn 16$4.2M$4.8M
LiabilitiesLn 26$2.6M$3.8M
Net assetsLn 32$1.6M$970K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$95K$95K
Accounting feesLn 11c$33K$33K
Investment management feesLn 11f$30K$30K
Other fees for servicesLn 11g$108K$108K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$10K$10K$236
Information technologyLn 14$12K$12K
TravelLn 17$38K$38K
Other expenses (24a–d)Ln 24$1.4M$498K$834K$33K
Total functional expensesLn 25$1.7M$791K$867K$35K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 12, 2025 $875K$1.7M−$817K$970K 990 PDF
FY2023Filed with the IRS Oct 24, 2024 $938K$1.2M−$266K$1.6M 990 PDF
FY2022Filed with the IRS Nov 13, 2023 $1.0M$1.3M−$327K$1.7M 990 PDF
FY2021Filed with the IRS Nov 7, 2022 $1.1M$980K$88K$2.3M 990 PDF
FY2020Filed with the IRS Nov 8, 2021 $983K$859K$124K$2.0M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $875,497 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $818,616$841,958
I-10 Investment incomePrior year $28,627$33,539
I-11 Other revenuePrior year $90,881$0
I-12 Total revenuePrior year $938,124$875,497
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,204,197$1,692,607
I-18 Total expensesPrior year $1,204,197$1,692,607
I-19 Revenue less expensesPrior year −$266,073−$817,110
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $875,497 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $841,958$841,958
VIII-3 Investment incomeExcluded from tax $33,539$33,539
VIII-12 Total revenueRelated to mission $841,958 · Unrelated business $0 · Excluded from tax $33,539$875,497
Part IX · Statement of functional expenses $1,692,607 across 9 lines filed
IX-11b Legal feesPrograms $94,674$94,674
IX-11c Accounting feesManagement $32,688$32,688
IX-11f Investment management feesPrograms $29,756$29,756
IX-11g Other fees for servicesPrograms $107,868$107,868
IX-12 Advertising and promotionFundraising $1,399$1,399
IX-13 Office expensesPrograms $9,738 · Management $236$9,974
IX-14 Information technologyPrograms $12,251$12,251
IX-17 TravelPrograms $38,089$38,089
IX-24 Other expenses (24a–d)Programs $498,390 · Management $834,313 · Fundraising $33,205$1,365,908
IX-25 Total functional expensesPrograms $790,766 · Management $867,237 · Fundraising $34,604$1,692,607
Part X · Balance sheet $4,801,147 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $107,190$44,967
X-2 Savings and temporary cash investmentsStart of year $100,282$131,542
X-4 Accounts receivableStart of year $23,226$23,816
X-9 Prepaid expenses and deferred chargesStart of year $5,259$685
X-11 Publicly traded securitiesStart of year $3,424,084$3,473,069
X-15 Other assetsStart of year $556,885$1,127,068
X-16 Total assetsStart of year $4,216,926$4,801,147
X-17 Accounts payable and accrued expensesStart of year $23,185$140,849
X-21 Escrow or custodial accountsStart of year $1,119,095$1,096,580
X-25 Other liabilitiesStart of year $1,450,169$2,594,014
X-26 Total liabilitiesStart of year $2,592,449$3,831,443
X-27 Net assets without donor restrictionsStart of year $1,624,477$969,704
X-32 Total net assets or fund balancesStart of year $1,624,477$969,704
X-33 Total liabilities and net assetsStart of year $4,216,926$4,801,147
Part XI · Reconciliation of net assets $969,704 net assets at year end
XI-1 Total revenue$875,497
XI-2 Total expenses$1,692,607
XI-3 Revenue less expenses−$817,110
XI-4 Net assets at start of year$1,624,477
XI-5 Net unrealized gains (losses) on investments$162,337
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$969,704

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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