Foundry Training Group EIN 86-2914694

Foundry Training Group FY2024 filing

EIN  86-2914694 Religious organization Grand Rapids, MI
Form 990 (PDF)
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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
Branson Parler · Director of Theological Education · $58K
Money in and out
$274K revenue, $286K expenses
Bottom line
52% program efficiency

Provides biblical and practical training to strengthen church leaders and make theological education accessible. For fiscal year 2024 it reported $274K in revenue, $286K in expenses, and $34K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$274K
Pt VIII · Ln 12
Total expenses
$286K
Pt IX · Ln 25
Net assets
$34K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$12K
Where spending went · Part IX cols B–D
Program services $0.52 Management & general $0.35 Fundraising $0.13
Program efficiency
52%
of spending reaches programs
Operating runway
1.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$274K
FY2024▲ +10%
Expenses
$286K
FY2024▲ +10%
Total assets
$36K
FY2024▼ -23%
Total liabilities
$2K
FY2024▲ +109%
Total revenue
$274K
Pt VIII · Ln 12
Total expenses
$286K
Pt IX · Ln 25
Net assets
$34K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$12K
Total assetsPt X · Ln 16$36K
Program-expense ratioPt IX · col B52%
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 $138K of program spending, described in the organization's own filed words · FY2023.
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.

$126Kprogram 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.

$8Kprogram expense
03

Ministry Formation Cohort

The Foundry's ministry formation cohorts focus on equipping leaders for ministry in a way that is church-centered and learns in community. Our ministry formation cohorts are for those who are actively serving in some capacity in their church or ministry context, whether as pastors, staff leaders, or lay leaders interested in being…

$4Kprogram 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 (FY2023); the FY2024 filing did not itemize Part VII
Director of Theological Education
$57,896Pt VII · Sec A
Director of Spiritual Formation
$47,974Pt VII · Sec A
Director of Operations, President
$43,680Pt VII · Sec A

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$172K · 63%
Program service revenue$102K · 37%
Contributions & grants63%$172K
Program service revenue37%$102K
Total revenueLn 12$274K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.52 Management & general $0.35 Fundraising $0.13
Program services52%$149K
Management & general35%$99K
Fundraising13%$37K
Total functional expensesLn 25$286K

Balance Sheet

Part X · end of year
CashLn 1$36K
Total assetsLn 16$36K
Total liabilitiesLn 26$2K
Total net assetsLn 32$34K
Months of cash on handcomputed1.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $36K · Operating expenses/yr $286K
1.5 months
Where the money goes
Program services
Program services $149K · Total expenses $286K
52%
Management & General
Management & general $99K · Total expenses $286K
35%
Fundraising
Fundraising $37K · Total expenses $286K
13%
Cost to raise $1
Fundraising expense (3-yr avg) $31K · Solicited contributions (3-yr avg) $159K
$0.19 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $172K · Total revenue $274K
63%
Government reliance
Government grants $0 · Total revenue $274K
0%
Earned-income share
Program service revenue $102K · Total revenue $274K
37%
Investment reliance
Investment income $0 · Total revenue $274K
0%
Program self-sufficiency
Program service revenue $102K · Total expenses $286K
36%
Growth & trend
Revenue growth (YoY)
This year $274K · Prior year $250K
+10%
Net-asset trend (YoY)
End of year $34K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $274K · Expenses $286K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $36K
Net-asset ratio
Net assets $34K · Total assets $36K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $36K
0%
People & payroll
Highest Reported Total Compensation
Individual Branson Parler · Reported title Director of Theological Education · Highest reported compensation $58K · Total expenses $286K
20%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $237K · Total expenses $286K
83%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 52%
Overhead ratio 35%
Fundraising cost ratio 22%
Revenue growth 10%
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 · ⤓ 990 PDF
FY2024$274K revenue · viewing · ⤓ 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) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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