Overview
What is In His Steps Foundation?
In His Steps Foundation is a nonprofit organization headquartered in Independence, Ohio. Their mission encompasses encouraging and teaching Christlike stewardship that forms the basis for personal giving and estate planning. They manage a prudently invested capital, serving as a repository for distributions to ministries proclaiming the gospel of Jesus Christ and other charitable causes. The foundation employs a team of three individuals and partners with legal, financial, and estate planning professionals advocating a biblical model of stewardship. They offer planned future gifts providing tax-wise benefits to donors and participate with collaborative resources for mutual enrichment.
Official website here: www.ihsfound.org
What are the reviews and ratings of this charity?
85% rating from Charity Navigator indicates that In His Steps Foundation has a solid performance, securing a Three-Star out of Four Star rating. This score reflects strong accountability and financial practices, showcasing key strengths such as a fully independent board and effective policies for conflict of interest and whistleblowing.
The organization excels particularly in its program expense ratio, indicating that nearly all funds are directed towards its programs rather than administrative costs. Its high working capital ratio also suggests financial stability, allowing the foundation to sustain its efforts over an extended period without immediate financial strain.
However, the fundraising efficiency ratio is quite low, which may suggest challenges in raising funds or high costs associated with fundraising efforts. While the organization demonstrates strong governance and programmatic focus, improving fundraising strategies could enhance its financial sustainability and outreach.
This AI summary has been generated from information found on Charity Navigator.
Is In His Steps Foundation legitimate?
In His Steps Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. In His Steps Foundation 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: $157,713
Professional Fundraising Fees: $0
Other Salaries and Wages: $79,966
For more financial information, click here
Official website here: www.ihsfound.org
What is the mission statement of In His Steps Foundation?
The In His Steps Foundation aims to encourage and teach Christlike stewardship, leading to personal giving and estate planning. It acts as a prudently managed repository for capital, invested to distribute funds to ministries proclaiming the Gospel of Jesus Christ and other charitable causes. The foundation helps individuals discover God's plan of stewardship for their wealth and assists in implementing it. It provides grants to carefully selected ministry organizations in northeast Ohio and offers resources for teaching biblical stewardship through various means. The foundation also partners with like-minded professionals to advocate for a biblical model of stewardship and grows investments using professional financial advisors.
Official website here: www.ihsfound.org
Who is the CEO of In His Steps Foundation?
Benjamin Lee is the President of In His Steps Foundation.
Official website here: www.ihsfound.org
What is the revenue of In His Steps Foundation?
In His Steps Foundation's revenue in 2022 was $16,754,413.
Official website here: www.ihsfound.org
Who are the executives of In His Steps Foundation and what are their salaries?
The average compensation at In His Steps Foundation during 2022 was $79,226. There are 3 employees and 6 volunteers at In His Steps Foundation.
Here are 7 key members and their salaries:
- Compensation: $131,625
- Related: $0
- Other: $26,088
- Compensation: $0
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ihsfound.org
Where can I find the form 990 for In His Steps Foundation?
In His Steps Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ihsfound.org
Learn more at the official website: www.ihsfound.org
Mission Statement of In His Steps Foundation
In His Steps Foundation, a nonprofit organization, is dedicated to encouraging and teaching Christlike stewardship as the foundation for personal giving and estate planning. The organization serves as a prudently managed repository for capital, which is invested for the purpose of distribution to ministries proclaiming the Gospel of Jesus Christ and for other charitable causes.
The mission of In His Steps Foundation is twofold. First, it aims to help individuals discover God's plan of stewardship for their wealth and implement that plan through the use of a low-cost public foundation. This allows families to start and use a family foundation fund for Christian philanthropy, while also assisting churches and ministries in starting and growing an endowment for their future stability.
Second, In His Steps Foundation grows its investments using carefully selected professional financial advisors, all supervised by the Investment Committee. Annually, the organization makes grants from its general fund to carefully selected Northeast Ohio Christian ministries. In addition, the foundation offers and administers planned future gifts that provide current tax-wise benefits to donors.
In His Steps Foundation also partners with like-minded legal, financial, and estate planning professionals to advocate a biblical model of stewardship. The organization participates with the National Center for Christian Foundations and other collaborative resources for mutual enrichment, further strengthening its commitment to its mission.
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Impact
October, 2024
In His Steps Foundation significantly impacts communities by promoting and teaching Christlike stewardship, which serves as a foundation for personal giving and estate planning. The foundation helps individuals and families discover and implement God's plan for their wealth, emphasizing responsible management and charitable giving.
By assisting families in establishing and managing family foundation funds, In His Steps Foundation encourages Christian philanthropy that extends to local ministries and churches. This support fosters the establishment and growth of endowments, ensuring financial stability for these organizations in the long run.
The foundation prudently manages investments through the guidance of professional financial advisors, enabling substantial grants to be made annually to selected Christian ministries in Northeast Ohio. This financial stewardship not only benefits the ministries but also amplifies the outreach of the gospel.
Moreover, In His Steps Foundation equips individuals in biblical stewardship through various channels, including teaching, public meetings, and private counseling. It collaborates with professionals in legal, financial, and estate planning to advocate for a biblical model of stewardship and effectively administers planned future gifts that offer tax benefits for donors.
Ultimately, the foundation plays an essential role in fostering a culture of generosity, helping individuals and organizations alike align their financial practices with their faith.
This information is meant to be a general summary of In His Steps Foundation. 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: $187,129
- Program Service Revenue: $370,622
- Gross Receipts: $51,385,970
Assets and Liabilities:
- Total Assets: $51,823,951
- Total Liabilities: $5,400,721
- Net Assets: $46,423,230
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AGENCY ENDOWMENT FEE
Revenue
$370,622
Organization Details
Founding Year
1997
Phone
(330) 528-1785Principal Officer
Benjamin Lee
Main Address
PO BOX 31750, INDEPENDENCE, OH, 44131
Website
www.ihsfound.orgNTEE Category
Code: T700 - Philanthropy
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