Civic Intelligence

Foundry Training Group

990 • Fiscal year 2024 • EIN 86-2914694

Jul 01, 2023 to Jun 30, 2024 • Filed on Oct 24, 2024

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

74th percentile

0.05x

Higher debt load relative to assets than 74% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

64th percentile

0.01x

Higher debt load relative to revenue than 64% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

33rd percentile

-4.4%

Higher net margin than 33% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

98th percentile

$94,624

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 34.6% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

22nd percentile

-23%

Faster asset growth than 22% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

58th percentile

9.5%

Faster revenue growth than 58% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$36,230

Down $10,863 (-23%) from 2023

Net Assets

Down

$34,447

Down $11,791 (-26%) from 2023

Liabilities

Up

$1,783

Up $928 (+109%) from 2023

Revenue

Up

$273,768

Up $23,797 (+9.5%) from 2023

Expenses

Up

$285,759

Up $26,086 (+10%) from 2023

Net Income

Down

-$11,991

Down $2,289 (-24%) from 2023

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 2024: $36,230Liabilities 2024: $1,783Net Assets 2024: $34,4472024Assets 2025: $48,957Liabilities 2025: -$168Net Assets 2025: $49,1252025

Highlighted filing

2024

Assets$36,230
Liabilities$1,783
Net Assets$34,447

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 2024: $273,768Expenses 2024: $285,759Net Income 2024: -$11,9912024Revenue 2025: $276,598Expenses 2025: $261,920Net Income 2025: $14,6782025

Highlighted filing

2024

Revenue$273,768
Expenses$285,759
Net Income-$11,991
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 24, 2024
Return Version
2023v6.0
Gross Receipts
$273,768
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$37,288$35,975▼ $1,313
Pledges and Grants Receivable$9,800$250▼ $9,550
Savings and Temporary Cash Investments$5$5→ $0
Accounts Receivable$0$0→ $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
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$47,093$36,230▼ $10,863
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$855$908▲ $53
Other Liabilities-$875-
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$855$1,783▲ $928
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$46,238$34,447▼ $11,791
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$46,238$34,447▼ $11,791
Total Liabilities and Net Assets / Fund Balance$47,093$36,230▼ $10,863
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Branson ParlerDirector of Theological EducationFT$57,896$36,728$94,624
Jeff FisherDirector of Spiritual FormationFT$47,974$32,900$80,874
Sarah BehmDirector of Operations, PresidentFT$43,680-$43,680
Revenue and Support

Revenue Composition

Contributions and Grants
$171,949
Program Service Revenue
$101,819
Investment Income
$0
Other Revenue
$0
All Other Contributions
$168,949
Change in Net Assets
$-11,991
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$236,633
Other Expenses$48,726
Total Fundraising Expense$37,133
Grants and Similar Amounts Paid$400
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$130,507$60,195$33,834$224,536
Fees for Services Other$1,900$30,000-$31,900
Payroll Taxes$7,016$3,266$1,815$12,097
Information Technology$1,848$2,391$344$4,583
Travel$3,644--$3,644
Other Expenses$1,019$1,385$686$3,090
Conferences and Meetings$1,384--$1,384
Advertising$295$650$236$1,181
Office Expenses$415$380-$795
Insurance-$562-$562
Grants to Domestic Individuals$400--$400
Fees for Services Accounting-$61-$61
Total Functional Expenses$149,467$99,159$37,133$285,759
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-ContributorGift was provided to offset this cost for coaching and certification training in coachingNo$30,000

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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Michigan State and Local Taxes$875
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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 and its attachment, the Treasurer presented the document to the other officers along with the corresponding Financial Statements, and explained each of the financial sections and the relevant questions that impacted current and future decision-making. The board asked for an update on the public support ratios and reviewed any potential conflicts of interest.

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

The officers again noted and discussed possible conflicts of interest, particularly with family members who work in the same general field. One contracting situation came to a completion, not because of any conflict of interest, but based on time and compensation factors. In every case, the board notes in its minutes the reasons for the potential conflict of interest and why it would or would not make sense for us to work with and exchange funds for services provided by certain family members.

Form 990, Part VI, Section B, Line 15

In our first fiscal year (2021), the Treasurer consulted compensation data, institutional tax forms, and other sources from similar organizations to calculate a reasonable and fair compensation scale for Professor positions and the Director of Operations position. These were approved by the board in June 2021. In June 2022, the board approved a cost-of-living process that would annual increase by no less than 1% and no more than 5% based on the May-to-May Consumer Price Index. The compensation for the next fiscal year was adjusted based on this decision with a 3.3% COLA.

Form 990, Part VI, Section C, Line 19

In addition to sharing this information with anyone who requests it, The Foundry makes its governing documents, annual financial statements, and other relevant non-profit documents available to the public on our own website at https://www.thefoundrygr.org/donate and on the Guidestar website at https://www.guidestar.org/86-2914694. The conflict of interest document is available by request, digitally or printed by contacting our Director of Operations or treasurer.

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
2024-10-24

Organization Details

Principal Officer
Sarah Behm
Formed
2021
Legal Domicile
Mi
Voting Board Members
3
Independent Board Members
3
Employees
3
Volunteers
6
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

$1900 was paid to non-employee contractors to teach courses. A contribution in the amount of $30,000 was given to The Foundry to offset the expense of a year of receiving coaching and training to be certified in coaching. Both elements of the coaching process are recorded as a management and general expense.

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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/Desc0Institute 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. For FY2023, The Foundry continued the 2-year course cycle in Kalamazoo, MI and in Zeeland, MI and contracted with two new learning communities in Grand Rapids, MI that start at the beginning of FY2023. Cohorts range in size from 10 to 30 participants, drawing from at four to eight different churches each.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Ministry 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 further equipped for ministry. This fiscal year, the Foundry offered a learning cohort for 4 months with 5 participants growing in character and skill.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt03926
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02500
IRS990/ProgSrvcAccomActy3Grp/Desc0Customized 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. These varied in format, with some being weekend workshops, multiple days in one week, or multiple times over the course of several months.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt07546
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt07250
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. This year, we offered this training in a multi-church format three times (January, May, and October). For each of these workshops, 5 to 8 different churches participated with multiple people from each church for a range of 25 to 75 participants per workshop.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1Spiritual Direction - The Foundry offers spiritual direction as a means to strengthen and support church leaders. Directees pay per session and typically meet on a monthly basis. The number of those receiving spiritual direction has increased since we began offering this program service.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt010901
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt11025
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt06900
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt13168
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0152703
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0429
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt033541
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt097268
IRS990/PYRevenuesLessExpensesAmt0-9702
IRS990/PYSalariesCompEmpBnftPaidAmt0225703
IRS990/PYTotalExpensesAmt0259673
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0249971
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-11991
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt082000
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0171949
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0152702
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0153284
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt044875
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0522810
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0101819
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0141457
IRS990ScheduleA/SubstantialContributorsTotAmt0381353
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0171949
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0152702
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0153284
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt044875
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0522810
IRS990ScheduleA/TotalSupportAmt0522810
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0875
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Michigan State and Local Taxes
IRS990ScheduleD/TotalLiabilityAmt0875
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Discovery Coaching
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Contributor
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt030000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Gift was provided to offset this cost for coaching and certification training in coaching
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Upon completion of the draft of Form 990 and its attachment, the Treasurer presented the document to the other officers along with the corresponding Financial Statements, and explained each of the financial sections and the relevant questions that impacted current and future decision-making. The board asked for an update on the public support ratios and reviewed any potential conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The officers again noted and discussed possible conflicts of interest, particularly with family members who work in the same general field. One contracting situation came to a completion, not because of any conflict of interest, but based on time and compensation factors. In every case, the board notes in its minutes the reasons for the potential conflict of interest and why it would or would not make sense for us to work with and exchange funds for services provided by certain family members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2In our first fiscal year (2021), the Treasurer consulted compensation data, institutional tax forms, and other sources from similar organizations to calculate a reasonable and fair compensation scale for Professor positions and the Director of Operations position. These were approved by the board in June 2021. In June 2022, the board approved a cost-of-living process that would annual increase by no less than 1% and no more than 5% based on the May-to-May Consumer Price Index. The compensation for the next fiscal year was adjusted based on this decision with a 3.3% COLA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3In addition to sharing this information with anyone who requests it, The Foundry makes its governing documents, annual financial statements, and other relevant non-profit documents available to the public on our own website at https://www.thefoundrygr.org/donate and on the Guidestar website at https://www.guidestar.org/86-2914694. The conflict of interest document is available by request, digitally or printed by contacting our Director of Operations or treasurer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4$1900 was paid to non-employee contractors to teach courses. A contribution in the amount of $30,000 was given to The Foundry to offset the expense of a year of receiving coaching and training to be certified in coaching. Both elements of the coaching process are recorded as a management and general expense.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt047093
IRS990/TotalAssetsEOYAmt036230
IRS990/TotalAssetsGrp/BOYAmt047093
IRS990/TotalAssetsGrp/EOYAmt036230
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0171949
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt037133
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt099159
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0149467
IRS990/TotalFunctionalExpensesGrp/TotalAmt0285759
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0855
IRS990/TotalLiabilitiesEOYAmt01783
IRS990/TotalLiabilitiesGrp/BOYAmt0855
IRS990/TotalLiabilitiesGrp/EOYAmt01783
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt046238
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt034447
IRS990/TotalOtherCompensationAmt051378
IRS990/TotalOtherProgSrvcExpenseAmt011926
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt010068
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0149467
IRS990/TotalProgramServiceRevenueAmt0101819
IRS990/TotalReportableCompFromOrgAmt0149550
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0101819
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0273768
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt047093
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt036230
IRS990/TotReportableCompRltdOrgAmt018250
IRS990/TravelGrp/ProgramServicesAmt03644
IRS990/TravelGrp/TotalAmt03644

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