Civic Intelligence

Foundry Training Group

990 • Fiscal year 2022 • EIN 86-2914694

Jul 01, 2021 to Jun 30, 2022 • Filed on Sep 15, 2022

Refreshing map…

1226 Union Ave NEGrand Rapids, MI 49505

(616) 799-2083

Siviq Scores

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

Liabilities / Assets

70th percentile

0.02x

Higher debt load relative to assets than 70% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

63rd percentile

0.01x

Higher debt load relative to revenue than 63% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

39th percentile

-0.3%

Higher net margin than 39% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

98th percentile

$94,800

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 40.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Assets

$58,590

No earlier filing loaded for comparison.

Net Assets

$57,390

No earlier filing loaded for comparison.

Liabilities

$1,200

No earlier filing loaded for comparison.

Revenue

$237,014

No earlier filing loaded for comparison.

Expenses

$237,694

No earlier filing loaded for comparison.

Net Income

-$680

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0-$20KAssets 2022: $58,590Liabilities 2022: $1,200Net Assets 2022: $57,3902022Assets 2023: $47,093Liabilities 2023: $855Net Assets 2023: $46,2382023Assets 2025: $48,957Liabilities 2025: -$168Net Assets 2025: $49,1252025

Highlighted filing

2022

Assets$58,590
Liabilities$1,200
Net Assets$57,390

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2022: $237,014Expenses 2022: $237,694Net Income 2022: -$6802022Revenue 2023: $249,971Expenses 2023: $259,673Net Income 2023: -$9,7022023Revenue 2025: $276,598Expenses 2025: $261,920Net Income 2025: $14,6782025

Highlighted filing

2022

Revenue$237,014
Expenses$237,694
Net Income-$680
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Sep 15, 2022
Return Version
2021v4.0
Gross Receipts
$237,014
Mission and Program Overview

Mission

To strengthen and support church leaders at every level with biblical and practical training. The Foundry provides a variety of learning communities for pastors, ministry staff, lay leaders, and others in or exploring ministry.

To support and strengthen church leaders at every level with biblical and practical training. The Foundry offers a variety of learning communities that make theological education and ministry training accessible to churches and their leaders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$58,065$44,785▼ $13,280
Pledges and Grants Receivable$0$7,500▲ $7,500
Accounts Receivable$0$6,300▲ $6,300
Savings and Temporary Cash Investments$5$5→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$58,070$58,590▲ $520
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$1,200▲ $1,200
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$1,200▲ $1,200
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$58,070$57,390▼ $680
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$58,070$57,390▼ $680
Total Liabilities and Net Assets / Fund Balance$58,070$58,590▲ $520
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Branson ParlerDirector of Theological EducationFT$54,669$40,131$94,800
Jeff FisherDirector of Spiritual FormationFT$41,350$42,400$83,750
Sarah BehmDirector of Operations, PresidentFT$40,000-$40,000
Revenue and Support

Revenue Composition

Contributions and Grants
$152,984
Program Service Revenue
$84,030
Investment Income
$0
Other Revenue
$0
All Other Contributions
$152,984
Change in Net Assets
$-680
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$218,467
Total Fundraising Expense$27,272
Other Expenses$19,227
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$124,380$57,327$24,816$206,523
Payroll Taxes$7,191$3,314$1,439$11,944
Information Technology$3,524$5,678$209$9,411
Travel$3,318--$3,318
Other Expenses$1,242$914$0$2,156
Fees for Services Other$1,204$0$0$1,204
Advertising$29$672$357$1,058
Office Expenses-$597$0$597
Insurance$0$495-$495
Conferences and Meetings$75--$75
Total Functional Expenses$141,425$68,997$27,272$237,694
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
Yes
Other officer compensation reviewed
Yes
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 B, Line 11B

Upon completion of the draft of Form 990, the Treasurer presented the document to the other officers and explained each of the financial sections and the most relevant questions.

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

With every contract decision, the officers identify and discuss any possible conflict of interest. We note in our minutes any reasons why we see there is a conflict of interest and/or how we will monitor a potential conflict of interest. This is especially applicable for family members who are also involved with our ministry and sometimes compensated for their work.

Form 990, Part VI, Section B, Line 15

For our first fiscal year (2021), the Treasurer consulted compensation data, institutional tax forms, and other sources from organizations in the fields of higher education, ministries, and consulting. He then calculated a reasonable, but fair compensation scale for the Professor positions and the Director of Operations position. This included a proposal for the clergy housing allowance and retirement contributions. He brought this recommendation from the comparability data to the other officers (President and Secretary) to deliberate on and approve for implementation. This was approved at the 2021.06.22 Board Meeting. Upon evaluation of many options, the Treasurer proposed retirement contributions be made to SEP-IRAs, which the board approved at their 2021.10.05 Board Meeting. For fiscal year 2022, the Treasurer updated the comparability compensation data with a focus on cost-of-living-adjustments. At the 2022.06.22 board meeting, it was approved that the annual COLA be no less than 1% and no more than 5%, based on May to May Consumer Price Index. The compensation for the next fiscal year was adjusted based on this decision.

Form 990, Part VI, Section C, Line 19

In addition to sharing this information with all who request it, The Foundry has made its governing documents and financial statements available to the public on the GuideStar website at https://www.guidestar.org/profile/86-2914694. The only major document not available there is our conflict of interest policy.

Filing and Contact Details

Filer

Filer Name
Foundry Training Group
EIN
86-2914694
Phone
6167992083
Address
1226 Union Ave NE, Grand Rapids, MI 49505
Doing Business As
The Foundry

Signing Officer

Name
Jeff Fisher
Title
Treasurer
Phone
6162589167
Signed
2022-09-15

Organization Details

Principal Officer
Sarah Behm
Formed
2021
Legal Domicile
Mi
Voting Board Members
3
Independent Board Members
3
Employees
3
Volunteers
8
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Independent contractor compensation for leading, teaching, and participating in specific trainings.

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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/ProgramServiceRevenueGrp/Desc0Institute of Ministry Leadership
IRS990/ProgramServiceRevenueGrp/Desc1Customized Church Training
IRS990/ProgramServiceRevenueGrp/Desc2Ministry Formation Cohort
IRS990/ProgramServiceRevenueGrp/Desc3Multi-Church Lay Leader Training
IRS990/ProgramServiceRevenueGrp/Desc4Pastors Learning Cohorts
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt050000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt116850
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt27200
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32630
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt45750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt050000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt116850
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt27200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32630
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt45750
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProgSrvcAccomActy2Grp/Desc0Ministry Formation Cohorts - The Foundry's ministry formation cohorts focus on equipping leaders for ministry in a way that is church-centered and uses holistic, hands-on models of learning. 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 further equipped for ministry. For FY21, The Foundry offered courses over a 9 month period that served 5 to 10 participants per 6-to-8 week course session.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt012671
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt07200
IRS990/ProgSrvcAccomActy3Grp/Desc0Customized Workshops and Training - The Foundry offers workshops where lay leaders and congregations can be trained in a variety of areas, including biblical and theological training, spiritual disciplines, and how faith shapes our approach to contemporary cultural issues. In FY21, The Foundry worked with 7 churches and 2 other ministries to provide them with training that ranged from weekly lessons over several months to one-time workshops focused on a specific topic.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt027541
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt016850
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Multi-Church Lay Leader Training - The Foundry's lay leadership training offers equipping for elders, deacons, ministry staff, and other lay leaders with a focus on four broad categories: Character: Spiritual and Emotional Health Knowledge: Bible, Theology, Polity Skills: Listening, Care, Teaching Responsibilities: Leadership, Discipleship, Worship We offer this training in a multi-church format three times per year (February, June, and October). For each of these workshops, we have had 3 to 6 different churches participate with multiple people from each church for a range of 25 to 40 participants per workshop.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1Other Training - in its first year, The Foundry worked with other similar organizations for one-time classes. These have a different purpose and goal than the other church-based leadership training
IRS990/ProgSrvcAccomActyOtherGrp/Desc2Pastors Learning Cohorts - Near the end of the first fiscal year, The Foundry started preparing for learning communities with pastors that would start in August. Some of the revenue was received and some of the initial expenses incurred during this fiscal year.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt04375
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt11974
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt29409
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt02630
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt11600
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt25750
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt044875
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt06709
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt019904
IRS990/PYRevenuesLessExpensesAmt058070
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt06709
IRS990/PYTotalRevenueAmt064779
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
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IRS990/ReconcilationRevenueExpnssAmt0-680
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IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt050000
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0153284
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt044875
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0198159
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0102684
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt072147
IRS990ScheduleA/SubstantialContributorsTotAmt0126012
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt044875
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0198159
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Upon completion of the draft of Form 990, the Treasurer presented the document to the other officers and explained each of the financial sections and the most relevant questions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1With every contract decision, the officers identify and discuss any possible conflict of interest. We note in our minutes any reasons why we see there is a conflict of interest and/or how we will monitor a potential conflict of interest. This is especially applicable for family members who are also involved with our ministry and sometimes compensated for their work.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2For our first fiscal year (2021), the Treasurer consulted compensation data, institutional tax forms, and other sources from organizations in the fields of higher education, ministries, and consulting. He then calculated a reasonable, but fair compensation scale for the Professor positions and the Director of Operations position. This included a proposal for the clergy housing allowance and retirement contributions. He brought this recommendation from the comparability data to the other officers (President and Secretary) to deliberate on and approve for implementation. This was approved at the 2021.06.22 Board Meeting. Upon evaluation of many options, the Treasurer proposed retirement contributions be made to SEP-IRAs, which the board approved at their 2021.10.05 Board Meeting. For fiscal year 2022, the Treasurer updated the comparability compensation data with a focus on cost-of-living-adjustments. At the 2022.06.22 board meeting, it was approved that the annual COLA be no less than 1% and no more than 5%, based on May to May Consumer Price Index. The compensation for the next fiscal year was adjusted based on this decision.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3In addition to sharing this information with all who request it, The Foundry has made its governing documents and financial statements available to the public on the GuideStar website at https://www.guidestar.org/profile/86-2914694. The only major document not available there is our conflict of interest policy.

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