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Brethren Foundation INC FY2021 filing

Tax-deductible

Elgin, IL501(c)(3)ReligionEIN 36-3717013Revenue $1.1M in FY2021

On file with the IRSbrethrenbenefittrust.org1505 Dundee Ave, 60120-1605 · Elgin, 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.

501(c)(3) charity; gifts are tax-deductible.
56¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
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
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.6M
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+9% vs prior year
Spent
$980K
To programs
56%
Net assets
$2.3M
By yearFY2020–FY2024
Revenue
$1.1M
FY2021▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$983K
FY2021$1.1M
FY2022$1.0M
FY2023$938K
FY2024$875K
Expenses
$980K
FY2021▲ +14%
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
$2.3M
FY2021▲ +13%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

56 cents of each dollar spent went to programs.

Program services 56% · $544K Management & general 44% · $435K

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

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Who runs it and what they're paid

21 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Kevin Kessler
Vice Chair
$0Pt VII · Sec A
Sara Brenneman
Board Member
$0Pt VII · Sec A
David Shissler
Board Member
$0Pt VII · Sec A
Shelley Kontra
Board Member
$0Pt VII · Sec A
Dennis Kingery
Board Member
$0Pt VII · Sec A
Russ Matteson
Board Member
$0Pt VII · Sec A
Audrey Myer
Board Member
$0Pt VII · Sec A
See Brethren Foundation INC executive salaries →

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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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Provided by the organization

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1 program · $544K · in their own filed words · FY2021
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.

$544Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$1.0M
Investment incomeLn 3$24K
Money outPt IX
$980K
Ln 25
Programscol B$544K
Managementcol C$435K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$643K
Total assetsLn 16$5.9M
LiabilitiesLn 26$3.6M
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.0M
Investment incomeLn 3$24K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$512K
SavingsLn 2$132K
Cash and savings togetherLn 1–2$643K
InvestmentsLn 11–13$4.8M
Other assetsLn 15$419K
Total assetsLn 16$5.9M
LiabilitiesLn 26$3.6M
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$826K$643K
InvestmentsLn 11–13$4.6M$4.8M
Total assetsLn 16$5.7M$5.9M
LiabilitiesLn 26$3.7M$3.6M
Net assetsLn 32$2.0M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$13K$13K
Accounting feesLn 11c$24K$24K
Investment management feesLn 11f$28K$28K
Other fees for servicesLn 11g$37K$37K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$19K$7K$12K
TravelLn 17$10K$10K
Other expenses (24a–d)Ln 24$847K$449K$399K
Total functional expensesLn 25$980K$544K$435K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $875K$1.7M−$817K$970K 990 PDF
FY2023 $938K$1.2M−$266K$1.6M 990 PDF
FY2022 $1.0M$1.3M−$327K$1.7M 990 PDF
FY2021 Viewing $1.1M$980K$88K$2.3M 990 PDF
FY2020 $983K$859K$124K$2.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $1,067,375 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $948,085$1,043,474
I-10 Investment incomePrior year $24,556$23,901
I-11 Other revenuePrior year $10,047$0
I-12 Total revenuePrior year $982,688$1,067,375
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 $858,982$979,638
I-18 Total expensesPrior year $858,982$979,638
I-19 Revenue less expensesPrior year $123,706$87,737
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,067,375 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,043,474$1,043,474
VIII-3 Investment incomeExcluded from tax $23,901$23,901
VIII-12 Total revenueRelated to mission $1,043,474 · Unrelated business $0 · Excluded from tax $23,901$1,067,375
Part IX · Statement of functional expenses $979,638 across 8 lines filed
IX-11b Legal feesPrograms $13,395$13,395
IX-11c Accounting feesManagement $24,000$24,000
IX-11f Investment management feesPrograms $28,456$28,456
IX-11g Other fees for servicesPrograms $36,598$36,598
IX-12 Advertising and promotionManagement $1,274$1,274
IX-13 Office expensesPrograms $7,008 · Management $11,587$18,595
IX-17 TravelPrograms $9,825$9,825
IX-24 Other expenses (24a–d)Programs $448,957 · Management $398,538$847,495
IX-25 Total functional expensesPrograms $544,239 · Management $435,399 · Fundraising $0$979,638
Part X · Balance sheet $5,862,175 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $782,991$511,596
X-2 Savings and temporary cash investmentsStart of year $43,322$131,651
X-4 Accounts receivableStart of year $33,774$34,903
X-9 Prepaid expenses and deferred chargesStart of year $629$5,540
X-11 Publicly traded securitiesStart of year $4,635,611$4,759,621
X-15 Other assetsStart of year $250,888$418,864
X-16 Total assetsStart of year $5,747,215$5,862,175
X-17 Accounts payable and accrued expensesStart of year $33,417$5,624
X-25 Other liabilitiesStart of year $2,095,081$1,941,486
X-26 Total liabilitiesStart of year $3,719,081$3,580,181
X-27 Net assets without donor restrictionsStart of year $2,028,134$2,281,994
X-32 Total net assets or fund balancesStart of year $2,028,134$2,281,994
X-33 Total liabilities and net assetsStart of year $5,747,215$5,862,175
Part XI · Reconciliation of net assets $2,281,994 net assets at year end
XI-1 Total revenue$1,067,375
XI-2 Total expenses$979,638
XI-3 Revenue less expenses$87,737
XI-4 Net assets at start of year$2,028,134
XI-5 Net unrealized gains (losses) on investments$166,123
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,281,994

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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