Civic Intelligence

Episcopal Preaching Foundation Inc.

990 • Fiscal year 2021 • EIN 31-1076110

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 03, 2021

500 Morris AvenueSpringfield, NJ 07081-1027

(973) 467-0070

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

45th percentile

0.01x

Higher debt load relative to assets than 45% of similar nonprofits.

2021 filings • NTEE X • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

59th percentile

0.10x

Higher debt load relative to revenue than 59% of similar nonprofits.

2021 filings • NTEE X • $1M-$5M nonprofits • Source year 2021

Net Margin

16th percentile

-6.0%

Higher net margin than 16% of similar nonprofits.

2021 filings • NTEE X • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

82nd percentile

$84,000

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 32.1% of source-year revenue.

2021 filings • NTEE X • $1M-$5M nonprofits • Source year 2021

Asset Growth

26th percentile

0.5%

Faster asset growth than 26% of similar nonprofits.

2021 filings • NTEE X • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

4th percentile

-62%

Faster revenue growth than 4% of similar nonprofits.

2021 filings • NTEE X • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,775,905

Up $13,762 (+0.5%) from 2020

Net Assets

Up

$2,750,205

Up $13,762 (+0.5%) from 2020

Liabilities

Flat

$25,700

Flat from 2020

Revenue

Down

$262,008

Down $429,335 (-62%) from 2020

Expenses

Down

$277,626

Down $14,050 (-4.8%) from 2020

Net Income

Down

-$15,618

Down $415,285 (-104%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2016: $2,653,975Liabilities 2016: $623,717Net Assets 2016: $2,030,2582016Assets 2017: $2,296,813Liabilities 2017: $137,655Net Assets 2017: $2,159,1582017Assets 2018: $2,241,149Liabilities 2018: $0Net Assets 2018: $2,241,1492018Assets 2019: $2,417,766Liabilities 2019: $0Net Assets 2019: $2,417,7662019Assets 2020: $2,762,143Liabilities 2020: $25,700Net Assets 2020: $2,736,4432020Assets 2021: $2,775,905Liabilities 2021: $25,700Net Assets 2021: $2,750,2052021Assets 2022: $3,024,660Liabilities 2022: $0Net Assets 2022: $3,024,6602022Assets 2023: $3,710,239Liabilities 2023: $0Net Assets 2023: $3,710,2392023Assets 2024: $3,707,626Liabilities 2024: $0Net Assets 2024: $3,707,6262024Assets 2025: $3,478,790Liabilities 2025: $0Net Assets 2025: $3,478,7902025

Highlighted filing

2021

Assets$2,775,905
Liabilities$25,700
Net Assets$2,750,205

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2016: $566,087Expenses 2016: $377,736Net Income 2016: $188,3512016Revenue 2017: $430,036Expenses 2017: $289,990Net Income 2017: $140,0462017Revenue 2018: $340,304Expenses 2018: $305,927Net Income 2018: $34,3772018Revenue 2019: $460,329Expenses 2019: $357,477Net Income 2019: $102,8522019Revenue 2020: $691,343Expenses 2020: $291,676Net Income 2020: $399,6672020Revenue 2021: $262,008Expenses 2021: $277,626Net Income 2021: -$15,6182021Revenue 2022: $730,863Expenses 2022: $483,688Net Income 2022: $247,1752022Revenue 2023: $1,526,658Expenses 2023: $632,497Net Income 2023: $894,1612023Revenue 2024: $797,850Expenses 2024: $864,479Net Income 2024: -$66,6292024Revenue 2025: $376,767Expenses 2025: $645,513Net Income 2025: -$268,7462025

Highlighted filing

2021

Revenue$262,008
Expenses$277,626
Net Income-$15,618
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 3, 2021
Return Version
2020v4.0
Gross Receipts
$1,250,234
Mission and Program Overview

Mission

The foundation exists to promote and support preaching in the episcopal church.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,292,776$1,756,753▼ $536,023
Investments in Publicly Traded Securities$469,367$1,019,152▲ $549,785
Total Assets$2,762,143$2,775,905▲ $13,762
Liabilities
Other Liabilities$25,700$25,700→ $0
Total Liabilities$25,700$25,700→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,134,155$2,217,391▲ $83,236
Net Assets Without Donor Restrictions$602,288$532,814▼ $69,474
Total Net Assets Fund Balance$2,736,443$2,750,205▲ $13,762
Total Liabilities and Net Assets / Fund Balance$2,762,143$2,775,905▲ $13,762

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$2,219,155$68,500▼ $70,264-$2,217,391
2019$1,938,852$173,000▲ $107,303-$2,219,155
2018$1,766,305$90,000▲ $82,547-$1,938,852
2017$1,609,687$130,000▲ $26,619-$1,766,306
2016$1,550,307$155,000▼ $95,620-$1,609,687
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Peter WildExecutive DiFT$84,000$84,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$350,240
Program Service Revenue
$0
Investment Income
$-101,784
Other Revenue
$13,552
All Other Contributions
$350,240
Change in Net Assets
$-15,618

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$28,385Fair Market Value (FMV)
Total Noncash Contributions1$28,385-

Audited Revenue Reconciliation

Revenue per Audited Statements
$262,008
Revenue Not Reported on Form 990
$29,390
Total Revenue per Audited Statements
$291,398
Total Revenue per Form 990
$262,008
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$138,528
Salaries, Compensation, and Employee Benefits$132,410
Total Fundraising Expense$22,053
Grants and Similar Amounts Paid$6,688
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$69,800$7,100$7,100$84,000
Other Salaries and Wages$39,962$4,224$4,224$48,410
All Other Expenses$10,307$6,877$1,112$18,296
Conferences and Meetings$11,990--$11,990
Other Expenses$5,785$771$1,157$7,713
Grants to Domestic Individuals$6,688--$6,688
Office Expenses$2,817$289$433$3,539
Insurance$682$91$136$909
Total Functional Expenses$236,221$19,352$22,053$277,626

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$277,626
Total Expenses per Audited Statements$277,626
Total Expenses per Form 990$277,626
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Payable Ppp$25,700
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Chairperson reviews and signs return. No other person on governing body has any foundation tax return knowledge.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Episcopal Preaching Foundation Inc
EIN
31-1076110
Phone
9734670070
Address
500 MORRIS AVENUE, SPRINGFIELD, NJ 07081-1027

Signing Officer

Name
A Gary Shilling
Title
Chairman
Phone
9734670070
Signed
2021-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
A Gary Shilling
Formed
1983
Legal Domicile
Nj
Voting Board Members
8
Independent Board Members
8
Employees
2

Preparer

Firm
Redfield Blonsky & Starinsky LLC
Address
1024 SOUTH AVE W, WESTFIELD, NJ 07090
Preparer
Alan B Starinsky CPA Pfs
Phone
9082767226
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The fund is intended to provide perpetual, planeed, stable funding to augment annual operations in order to provice resources to the operating budget in the event revenues to not materalize from available sources.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FUND IS INTENDED TO PROVIDE PERPETUAL, PLANEED, STABLE FUNDING TO AUGMENT ANNUAL OPERATIONS IN ORDER TO PROVICE RESOURCES TO THE OPERATING BUDGET IN THE EVENT REVENUES TO NOT MATERALIZE FROM AVAILABLE SOURCES.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THIS FOUNDATION PAYS AIRFARE FOR RECIPIENTS TO ATTEND CONFERENCES. THE FOU NDATION CONSIDERS THESE AMOUNTS GRANTS AND REFLECTS THEM AS SUCH. ADDITION AL TRAVEL EXPENSES ARE REIMBURSED TO RECIPIENTS UPON REVIEW AND APPROVAL O F RECEIPTS. THESE EXPENSES ARE ALSO CONSIDERED GRANTS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHAIRPERSON REVIEWS AND SIGNS RETURN. NO OTHER PERSON ON GOVERNING BODY HAS ANY FOUNDATION TAX RETURN KNOWLEDGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
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ReturnHeader/BuildTS02022-09-23 18:48:47Z

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