The Incarnation Foundation: FY2023 Nonprofit Profile & Form 990 (EIN 75-2222101)

Revenue by fiscal year
FY2020	$367K
FY2021	$1.1M
FY2022	$891K
FY2023	$715K
FY2024	$518K

Expenses by fiscal year
FY2020	$365K
FY2021	$288K
FY2022	$191K
FY2023	$990K
FY2024	$558K

Net assets by fiscal year
FY2020	$14.8M
FY2021	$17.1M
FY2022	$14.9M
FY2023	$16.4M
FY2024	$17.9M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1988.

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

Where the money goes

95 cents of each dollar spent went to programs.

95%

Program services 95% · $943K Management & general 5% · $47K

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

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation

Brad Todd

Board Member

$0Pt VII · Sec A

Robert Dransfield

President

$0Pt VII · Sec A

Andy Welch

Vice President

$0Pt VII · Sec A

Rebel Robertson

Treasurer

$0Pt VII · Sec A

Lauren Palmer

Assistant Treasurer

$0Pt VII · Sec A

Joseph Chumlea

Board Member

$0Pt VII · Sec A

Drew Crichton

Board Member

$0Pt VII · Sec A

Jann Mackey

Board Member

$0Pt VII · Sec A

See The Incarnation Foundation 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 15aNo

Programs and updates

Manages investments and distributes grants to support the Church of the Incarnation.

Provided by the organization

This section is blank until The Incarnation Foundation claims this page.

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1 program service account for $943K of program spending, described in the organization's own filed words · FY2023.

01

Support Christian-based programs of Church of the Incarnation

$943Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Budd Family FoundationFY2024$50K

Total grants receivedfrom 1 funder$50K

Grants paid · 5 grants · $1.8M · 2020–2024

Church of the IncarnationTX · FY2024$499,650

Church of the IncarnationTX · FY2023$937,958

Church of the IncarnationTX · FY2022$117,334

Church of the IncarnationTX · FY2021$243,720

Church of the IncarnationTX · FY2020$31,300

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$715K

Ln 12

Investment incomeLn 3$707K

Gifts and grantsLn 1h$3K

Fees for servicesLn 2g$3K

Money outPt IX

$990K

Ln 25

Programscol B$943K

Managementcol C$47K

Owns and owesPt X

$16.4M

net assets · Ln 32

Cash and savingsLn 1–2$432K

Total assetsLn 16$16.4M

LiabilitiesLn 26$3K

PeoplePt VI, VII

15

listed · VII A

PaidVII A0

Voting boardVI 1a15

IndependentVI 1b15

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$3K

Government grantsLn 1e$0

Noncash giftsLn 1g$0

Fundraising eventsLn 1c$0

Fees for servicesLn 2g$3K

Investment incomeLn 3$707K

Other incomeLn 4–11$2K

Gains on assetsLn 7$337K

Total revenueLn 12$715K

Assets in detailPt X, end of year

CashLn 1$9K

SavingsLn 2$424K

Cash and savings togetherLn 1–2$432K

InvestmentsLn 11–13$15.9M

Total assetsLn 16$16.4M

LiabilitiesLn 26$3K

Net assetsLn 32$16.4M

OperationsPt I, VI

EmployeesI 50

VolunteersI 615

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$764K	$432K
InvestmentsLn 11–13	$14.2M	$15.9M
Total assetsLn 16	$15.0M	$16.4M
LiabilitiesLn 26	$55K	$3K
Net assetsLn 32	$14.9M	$16.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$938K	$938K
Other salaries and wagesLn 7	$17K		$17K
Other employee benefitsLn 9	$757		$757
Payroll taxesLn 10	$1K		$1K
Management feesLn 11a	$5K		$5K
Legal feesLn 11b	$80		$80
Accounting feesLn 11c	$17K		$17K
Office expensesLn 13	$5K	$5K
RoyaltiesLn 15	$19		$19
OccupancyLn 16	$0
InsuranceLn 23	$6K		$6K
Total functional expensesLn 25	$990K	$943K	$47K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$518K	$558K	−$40K	$17.9M	990 PDF
FY2023 Viewing	$715K	$990K	−$274K	$16.4M	990 PDF
FY2022	$891K	$191K	$700K	$14.9M	990 PDF
FY2021	$1.1M	$288K	$849K	$17.1M	990 PDF
FY2020	$367K	$365K	$1K	$14.8M	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

See the full FY2023 990 (4 parts)

Part VIII · Statement of revenue $715,449 across 13 lines filed

Lines not itemized here account for $2,292 of total revenue; see the IRS return.

VIII-1a Federated campaigns$0

VIII-1b Membership dues$0

VIII-1c Fundraising events$0

VIII-1d Related organizations$0

VIII-1e Government grants$0

VIII-1f All other contributions, gifts and grants$3,317

VIII-1g Noncash contributions (included above)$0

VIII-1h Total contributions, gifts and grants$3,317

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,250 · Unrelated business $0 · Excluded from tax $0$3,250

VIII-3 Investment incomeRelated to mission $369,464 · Unrelated business $0 · Excluded from tax $0$369,464

VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-7 Net gain or loss on sales of assetsRelated to mission $337,126 · Unrelated business $0 · Excluded from tax $0$337,126

VIII-12 Total revenueRelated to mission $712,132 · Unrelated business $0 · Excluded from tax $0$715,449

Part IX · Statement of functional expenses $989,916 across 11 lines filed

IX-1 Grants to domestic organizationsPrograms $937,658$937,658

IX-7 Other salaries and wagesManagement $16,875$16,875

IX-9 Other employee benefitsManagement $757$757

IX-10 Payroll taxesManagement $1,291$1,291

IX-11a Management feesManagement $5,200$5,200

IX-11b Legal feesManagement $80$80

IX-11c Accounting feesManagement $17,375$17,375

IX-13 Office expensesPrograms $4,930$4,930

IX-15 RoyaltiesManagement $19$19

IX-16 Occupancy$0

IX-23 InsuranceManagement $5,731$5,731

IX-25 Total functional expensesPrograms $942,588 · Management $47,328 · Fundraising $0$989,916

Part X · Balance sheet $16,360,634 assets, 13 lines filed

Asset lines not itemized here account for $50,000; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $764,349$8,757

X-2 Savings and temporary cash investments$423,591

X-4 Accounts receivableStart of year $150$150

X-11 Publicly traded securitiesStart of year $12,953,877$14,805,800

X-12 Other securitiesStart of year $1,213,035$1,072,336

X-16 Total assetsStart of year $14,981,411$16,360,634

X-17 Accounts payable and accrued expensesStart of year $54,923$3,076

X-25 Other liabilitiesStart of year $0$0

X-26 Total liabilitiesStart of year $54,923$3,076

X-27 Net assets without donor restrictionsStart of year $4,003,945$4,071,997

X-28 Net assets with donor restrictionsStart of year $10,922,543$12,285,561

X-32 Total net assets or fund balancesStart of year $14,926,488$16,357,558

X-33 Total liabilities and net assetsStart of year $14,981,411$16,360,634

Part XI · Reconciliation of net assets $16,357,558 net assets at year end

XI-1 Total revenue$715,449

XI-2 Total expenses$989,916

XI-3 Revenue less expenses−$274,467

XI-4 Net assets at start of year$14,926,488

XI-5 Net unrealized gains (losses) on investments$1,705,537

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$0

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$16,357,558

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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The Incarnation Foundation FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV