Overview
What is Friends Church Extension Fund?
Friends Church Extension Fund is a faith-based nonprofit organization situated in Newberg, Oregon. Its primary objective is to extend financial assistance in the form of loans to various churches. This Christian organization aims to support the growth and development of religious institutions by providing them with the necessary funds. The nonprofit's mission is centered around this core activity, thereby fostering a strong community and spiritual growth within churches.
Is Friends Church Extension Fund legitimate?
Friends Church Extension Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Church Extension Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Friends Church Extension Fund?
The Friends Church Extension Fund, being a Christian nonprofit organization, is committed to providing loans to churches. Its mission is centered around financially aiding religious institutions, aiming to support their operations and growth. This nonprofit organization does not disclose any further specifics regarding its mission, but its primary focus is clear: offering financial assistance to churches.
Who is the CEO of Friends Church Extension Fund?
Stephen Gulley is the Principal Officer of Friends Church Extension Fund.
What is the revenue of Friends Church Extension Fund?
Friends Church Extension Fund's revenue in 2022 was $134,215.
Who are the executives of Friends Church Extension Fund and what are their salaries?
There 7 volunteers at Friends Church Extension Fund.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $69,918
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Friends Church Extension Fund?
Friends Church Extension Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Church Extension Fund
The Friends Church Extension Fund, as a Christian nonprofit organization, is dedicated to providing loans to churches. This mission-driven organization aims to support the financial needs of various churches, serving as a crucial resource in their operations and growth. By extending loans, the Friends Church Extension Fund plays a significant role in enabling churches to fulfill their religious and community service objectives.
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Impact
October, 2024
Friends Church Extension Fund plays a significant role in supporting the growth and sustainability of churches by providing essential financial resources. By offering loans to churches, they enable these communities to pursue their missions, expand their facilities, and invest in vital programs. This financial assistance helps congregations meet their needs, whether it’s securing a new place of worship, renovating existing spaces, or launching community outreach initiatives.
Through these loans, Friends Church Extension Fund empowers churches to thrive and adapt in their local contexts, fostering stronger community connections and enhancing their ability to serve their members and neighborhoods. By facilitating access to funding, they contribute to the overall health and vitality of faith-based organizations, ensuring that they can continue to make a positive impact on the communities they serve.
This information is meant to be a general summary of Friends Church Extension Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $31,826
- Program Service Revenue: $102,389
- Gross Receipts: $134,215
Assets and Liabilities:
- Total Assets: $3,272,850
- Total Liabilities: $2,288,370
- Net Assets: $984,480
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest from Loans to Churches
Revenue
$101,267
Loan Fees earned on Loans to Churches
Revenue
$1,122
Organization Details
Founding Year
1955
Phone
(503) 538-9419Principal Officer
Stephen Gulley
Main Address
200 N Meridian Street, Newberg, OR, 97132
NTEE Category
Code: X21J - Religion related
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