Civic Intelligence

28Twelve Foundation Ltd.

990 • Fiscal year 2023 • EIN 84-2413621

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 12, 2024

Organization Profile28twelvefoundation.org
15770 Lake Forest CourtGranger, IN 46530

(510) 229-9263

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

14th percentile

-35%

Higher net margin than 14% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

93rd percentile

$56,500

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 19.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

23rd percentile

-20%

Faster asset growth than 23% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

25th percentile

-19%

Faster revenue growth than 25% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$402,520

Down $102,988 (-20%) from 2022

Net Assets

Down

$402,520

Down $102,988 (-20%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin14th percentile

Revenue

Down

$297,162

Down $70,742 (-19%) from 2022

Expenses

Up

$400,150

Up $206,182 (+106%) from 2022

Net Income

Down

-$102,988

Down $276,924 (-159%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$600K$400K$200K$0Assets 2022: $505,508Liabilities 2022: $0Net Assets 2022: $505,5082022Assets 2023: $402,520Liabilities 2023: $0Net Assets 2023: $402,5202023Assets 2024: $550,585Liabilities 2024: $0Net Assets 2024: $550,5852024

Highlighted filing

2023

Assets$402,520
Liabilities$0
Net Assets$402,520
Open 2023 Filing

Operations Trend

Revenue Growth25th percentile

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

$600K$400K$200K$0-$200KRevenue 2022: $367,904Expenses 2022: $193,968Net Income 2022: $173,9362022Revenue 2023: $297,162Expenses 2023: $400,150Net Income 2023: -$102,9882023Revenue 2024: $564,246Expenses 2024: $416,181Net Income 2024: $148,0652024

Highlighted filing

2023

Revenue$297,162
Expenses$400,150
Net Income-$102,988
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 12, 2024
Return Version
2023v5.1
Gross Receipts
$297,162
Mission and Program Overview

Mission

The 28twelve Foundation exists to identify, inspire, and integrate followers of Christ to be leaders, influencers, and restorers through courageous and faithful vocation around the world in order to redeem culture and that all may come to know the saving love of Jesus.

The 28twelve Foundation identifies, equips, and nurtures Christian granuate students to be leaders in their strategic fields. These goals are accomplished by providing financial support to Christian students pursuing graduate studies at premier instituitons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$505,508$402,520▼ $102,988
Total Assets$505,508$402,520▼ $102,988
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$505,508$402,520▼ $102,988
Total Net Assets Fund Balance$505,508$402,520▼ $102,988
Total Liabilities and Net Assets / Fund Balance$505,508$402,520▼ $102,988
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kristen GustavsonDirector & Executive DirecPT$56,500$56,500

Board Members and Trustees

NameTitle
Eugene KimChair
Emmanuel ChangVice Chair
David KurzDirector
Laurena Ketzel-KerberDirector
Nathan MarshallSecretary
Bruce HuberTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$273,249
Program Service Revenue
$11,776
Investment Income
$12,137
Other Revenue
$0
All Other Contributions
$273,249
Change in Net Assets
$-102,988
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$249,900
Grants and Similar Amounts Paid$150,250
Total Fundraising Expense$30,789
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$150,250--$150,250
Conferences and Meetings$108,368--$108,368
Fees for Services Management$28,250$16,950$11,300$56,500
Fees for Services Accounting-$25,957$2,884$28,841
Fees for Services Other$340$6,500$14,250$21,090
Travel$7,109--$7,109
Information Technology-$3,247$1,654$4,901
Other Expenses$3,762$883$701$1,584
Office Expenses-$745-$745
Total Functional Expenses$315,079$54,282$30,789$400,150
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

“There are no committees of the Boar with authority to act on nehalf of the govenrning body.”

Form 990, Part VI, Section A, line 8B

“No committees are authorized to act on behalf of the Board of Directors.”

Form 990, Part VI, Section B, line 11B

“The Treasurer and Executive Director review and approve the draft of the Form 990 prior to filing.”

Form 990, Part VI, Section B, line 12C

“Each year the Board is asked to affirm compliance with the conflict of interest policy.”

Form 990, Part VI, Section B, line 15

“The Board, excluding the ED, determines the Executive Director's compensation at a regular meeting each year. All members other than the ED are independent.”

Form 990, Part VI, Section C, line 19

“Available upon request.”

Filing and Contact Details

Filer

Filer Name
28twelve Foundation
EIN
84-2413621
Phone
5102299263
Address
15770 Lake Forest Court, Granger, IN 46530

Signing Officer

Name
Bruce Huber
Title
Treasurer
Phone
5102299263
Signed
2024-07-12

Organization Details

Principal Officer
Bruce Huber
Formed
2018
Legal Domicile
In
Voting Board Members
7
Independent Board Members
6
Employees
0
Volunteers
0
Raw XML Appendix353 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director & Executive Direc
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IRS990/ProgramServiceRevenueGrp/Desc0Summer Institute
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IRS990/ProgSrvcAccomActy2Grp/Desc0Summer Institute and other programs related to the fellows and fellowships
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt012 Fellowship recipients of $8,000 per semester, 18 semesters paid plus 1 recipient semester of $6,250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt013
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Disbursement of fellowship funds, whether directly to educational institutions or to the grantee, are contingent upon receiving verification of full-time student enrollment from the home institution.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There are no committees of the Boar with authority to act on nehalf of the govenrning body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No committees are authorized to act on behalf of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Treasurer and Executive Director review and approve the draft of the Form 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Each year the Board is asked to affirm compliance with the conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board, excluding the ED, determines the Executive Director's compensation at a regular meeting each year. All members other than the ED are independent.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
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IRS990/TotalProgramServiceRevenueAmt011776
IRS990/TotalReportableCompFromOrgAmt056500
IRS990/TotalRevenueGrp/ExclusionAmt012137
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt011776
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0297162
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0505508
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0402520
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt07109
IRS990/TravelGrp/TotalAmt07109
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt015770 Lake Forest Court
IRS990/USAddress/CityNm0Granger
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046530
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt028twelvefoundation.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Bruce Huber
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum05102299263
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt028twelve Foundation
ReturnHeader/Filer/BusinessNameControlTxt028TW
ReturnHeader/Filer/EIN0842413621
ReturnHeader/Filer/PhoneNum05102299263
ReturnHeader/Filer/USAddress/AddressLine1Txt015770 Lake Forest Court
ReturnHeader/Filer/USAddress/CityNm0Granger
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046530
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/ReturnTs02024-07-12T16:12:28-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Bruce
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Huber
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$402,520
Liabilities
$0
Net assets
$402,520
Revenue
$297,162
Expenses
$400,150
Net income
-$102,988
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.51$0.00$5.51$5.64$4.16$1.48
2023Detailed filing. Detailed filing data is available for this year.$4.03$0.00$4.03$2.97$4.00$1.03
2022Detailed filing. Detailed filing data is available for this year.$5.06$0.00$5.06$3.68$1.94$1.74