Issachar Fund

Grand Rapids, MIPrivate foundation / grantmakerEIN 45-4025139Revenue −$32.7M in FY2024

On file with the IRSissacharfund.orgPo Box 6806 · Grand Rapids, MI

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$314K paid to officers and key staff.
Pay: Part VII

Before you give

FY2024 · Form 990-PFIndependent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990-PF
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 $7.2M a year · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
990-PF Pt I · 5 filings
Pay to officers and key staff
$314K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
990-PF Pt VIII
Named funders
1
named funder · $1.3M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$32.7M
-3307% vs prior year
Spent
$2.0M
Net assets
$0
By yearFY2020–FY2024
Revenue
−$32.7M
FY2024▼ -3307%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.8M
FY2021$2.0M
FY2022$3.2M
FY2023$1.0M
FY2024−$32.7M
Expenses
$2.0M
FY2024▼ -20%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.8M
FY2021$1.4M
FY2022$1.6M
FY2023$2.5M
FY2024$2.0M
Net assets
$0
FY2024▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$33.9M
FY2021$34.6M
FY2022$36.3M
FY2023$34.8M
FY2024$0

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 4% · $77K Operating & administrative 96% · $1.9M

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

5 people listed on the 990-PF; $314K paid to officers and key staff.

Part VII, Section A · reportable compensation
$304,002Pt VII · Sec A
$4,000Pt VII · Sec A
Director
$4,000Pt VII · Sec A
Director
$1,500Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2021
Kurt O Berends$304,002$181,730
Sara Hohnstein—$69,965
Michael Murray$4,000—
David a Baer$4,000—
Jeff Schloss$1,500—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Programs and updates

A private foundation based in Grand Rapids, MI.

Questions for Issachar Fund

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 4 grants · $77K · 2024–2024
Individual RecipientFY2024$36,849
University of Texas AustinFY2024$16,676
Duke UniversityNC · FY2024$15,000
Yale Divinity SchoolFY2024$8,233

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV1
Average grantPart XV$19K
Median grantPart XV$17K
Largest grantPart XV$37K
Top cause focusNTEEColleges & Universities (25%)

By the numbers

The FY2024 990-PF, line by line.

1The main four
Money in
−$32.7M
Money out
$2.0M
Grants paid$77K
Running costs$1.9M
Owns and owes
$0
net assets
Total assets$0
Liabilities$0
People
5
listed
Paid4
2In more detail
Revenue in detail
Total revenue−$32.7M
Assets in detailEnd of year
Total assets$0
Liabilities$0
Net assets$0
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing −$32.7M$2.0M−$34.8M$0 990 PDF
FY2023 $1.0M$2.5M−$1.5M$34.8M 990 PDF
FY2022 $3.2M$1.6M$1.6M$36.3M 990 PDF
FY2021 $2.0M$1.4M$547K$34.6M 990 PDF
FY2020 $2.8M$4.8M−$2.1M$33.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

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

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