Foundry Training Group EIN 86-2914694

Foundry Training Group

EIN  86-2914694 Religious organization Grand Rapids, MI
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Size
$100K–1M
What they do
Provides biblical and practical training to strengthen church leaders and make theological education accessible.
Leadership
Jeff Fisher · Director of Spiritual Formation · $51K
Money in and out
$277K revenue, $262K expenses
Bottom line
58% program efficiency

Provides biblical and practical training to strengthen church leaders and make theological education accessible. For fiscal year 2025 it reported $277K in revenue, $262K in expenses, and $49K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$277K
Pt VIII · Ln 12
Total expenses
$262K
Pt IX · Ln 25
Net assets
$49K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $15K
Where spending went · Part IX cols B–D
Program services $0.58 Management & general $0.32 Fundraising $0.10
Program efficiency
58%
of spending reaches programs▲ +11% vs prior filing year
Operating runway
2.0mo
months of highly liquid reserves at operating expense rate▲ +33% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▲ +221% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$277K
FY2025▲ +1%
Expenses
$262K
FY2025▼ -8%
Total assets
$49K
FY2025▲ +35%
Total liabilities
$-168
FY2025▼ -109%
Total revenue
$277K
Pt VIII · Ln 12
Total expenses
$262K
Pt IX · Ln 25
Net assets
$49K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$15K
Total assetsPt X · Ln 16$49K
Program-expense ratioPt IX · col B58%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $144K of program spending, described in the organization's own filed words · FY2024.
01

Institute of Ministry Leadership

The Foundry offers seminary-level training on site and packaged in a sustainable rhythm. Our church-centered model focuses on ministry-related outcomes in participants' current ministry context, connecting course learning with the real-life ministry happening in the local church.

$135Kprogram expense
02

Customized Workshops and Training

The Foundry offers workshops where leaders and congregations can be trained in a variety of areas, including biblical and theological training, spiritual formation, and church leadership. This year, The Foundry worked with several churches and ministries to provide them with training on specific topics.

$7Kprogram expense
03

Pastors Learning Cohort

The Foundry focuses on strengthening pastors for ministry in a way that is church-centered and learns in community. Our pastors learning cohorts are for those who are actively serving as pastors who seek being further equipped for ministry. During 2024-25 we ran one of these cohorts.

$1Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFoundry Training Group
EINHdr · item D86-2914694
Principal addressHdr · item CGrand Rapids, MI
WebsiteHdr · item Jwww.thefoundrygr.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X21)
Ruling yearIRS BMFJun 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director of Spiritual Formation
$50,699Pt VII · Sec A
Director of Operations, President
$46,926Pt VII · Sec A
Director of Theological Education
$36,944Pt VII · Sec A

Jeff Fisher’s $51K as Director of Spiritual Formation is at the 52nd percentile of top reported officer pay among 2136 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Branson Parler$36,944$57,896$56,100$54,669
Jeff Fisher$50,699$47,974$46,450$41,350
Sarah Behm$46,926$43,680$42,000$40,000

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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Statement of Revenue

Part VIII
Contributions & grants$144K · 52%
Program service revenue$132K · 48%
Contributions & grants52%$144K
Program service revenue48%$132K
Total revenueLn 12$277K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.58 Management & general $0.32 Fundraising $0.10
Program services58%$152K
Management & general32%$83K
Fundraising10%$27K
Total functional expensesLn 25$262K

Balance Sheet

Part X · end of year
CashLn 1$44K
Total assetsLn 16$49K
Total liabilitiesLn 26$-168
Total net assetsLn 32$49K
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $44K · Operating expenses/yr $262K
2.0 months
Where the money goes
Program services
Program services $152K · Total expenses $262K
58%
Management & General
Management & general $83K · Total expenses $262K
32%
Fundraising
Fundraising $27K · Total expenses $262K
10%
Cost to raise $1
Fundraising expense (3-yr avg) $31K · Solicited contributions (3-yr avg) $156K
$0.20 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $144K · Total revenue $277K
52%
Government reliance
Government grants $0 · Total revenue $277K
0%
Earned-income share
Program service revenue $132K · Total revenue $277K
48%
Investment reliance
Investment income $0 · Total revenue $277K
0%
Program self-sufficiency
Program service revenue $132K · Total expenses $262K
51%
Growth & trend
Revenue growth (YoY)
This year $277K · Prior year $274K
+1%
Net-asset trend (YoY)
End of year $49K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $277K · Expenses $262K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $49K
Net-asset ratio
Net assets $49K · Total assets $49K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $49K
0%
People & payroll
Highest Reported Total Compensation
Individual Jeff Fisher · Reported title Director of Spiritual Formation · Highest reported compensation $51K · Total expenses $262K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $244K · Total expenses $262K
93%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 58%
Overhead ratio 32%
Fundraising cost ratio 19%
Revenue growth 1%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$277K revenue · viewing · ⤓ 990 PDF
FY2024$274K revenue · ⤓ 990 PDF
FY2023$250K revenue · ⤓ 990 PDF
FY2022$237K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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