Overview
What is Anabaptist Financial?
Anabaptist Financial is a nonprofit organization based in Lewisburg, Pennsylvania. They provide financial assistance to Anabaptist individuals, businesses, and charitable organizations through loans. Their loan portfolio includes business real estate, business operating, and home mortgages, with a total of 3,107 outstanding loans and loan receivables of $666,724,126 as of the current year-end. The organization was established to support the religious beliefs and cultural traditions of conservative Amish, Mennonite, and Brethren communities. Anabaptist Financial generates funds to facilitate loans that help Anabaptists maintain their way of life. With a team of 37 employees, they continue to advance their mission.
Official website here: www.afweb.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Anabaptist Financial has received a Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial management. The overall score is based solely on the accountability and finance beacon, reflecting the organization's strong commitment to transparency and responsible financial oversight. With a score of 81 in this area, it demonstrates effective governance practices.
The organization showcases significant strengths, including 100% independence among board members and a well-sized board that consists of ten independent members. It also excels in its audit and oversight practices, achieving full points in several areas such as material diversion of assets and having essential policies in place, including conflict of interest and whistleblower policies. Additionally, Anabaptist Financial allocates a high percentage of its expenses—93.6%—towards its programs, which is a positive indicator of its operational efficiency.
While the organization has solid financial practices, the single-focus rating means there is limited insight into other operational aspects or programmatic impact. Nonetheless, the strong accountability and governance framework bodes well for stakeholders who value transparency in nonprofit operations.
This AI summary has been generated from information found on Charity Navigator.
Is Anabaptist Financial legitimate?
Anabaptist Financial is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anabaptist Financial 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: $374,885
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,363,024
For more financial information, click here
Official website here: www.afweb.org
What is the mission statement of Anabaptist Financial?
Anabaptist Financial was founded with the aim to support and promote the conservative Anabaptist religious beliefs, cultural traditions, and lifestyles of the Amish, Mennonite, and Brethren communities. The organization generates funds to help individuals, businesses, and charitable organizations within this community. One of the ways Anabaptist Financial accomplishes this is through its loan program. The loan portfolio includes various loan types such as business real estate, business operating, and home mortgages. As of the current year end, there were 3,107 outstanding loans totaling $666.53 million in loan receivables, net of a loan loss reserve. These loans enable Anabaptist community members to maintain their religious beliefs and cultural practices.
Official website here: www.afweb.org
Who is the CEO of Anabaptist Financial?
Paul A Miller is the Executive Officer of Anabaptist Financial.
Official website here: www.afweb.org
What is the revenue of Anabaptist Financial?
Anabaptist Financial's revenue in 2023 was $29,455,239.
Official website here: www.afweb.org
Who are the executives of Anabaptist Financial and what are their salaries?
The average compensation at Anabaptist Financial during 2023 was $46,971. There are 37 employees at Anabaptist Financial.
Here are 16 key members and their salaries:
- Compensation: $128,596
- Related: $0
- Other: $0
- Compensation: $126,396
- Related: $0
- Other: $0
- Compensation: $0
- Related: $105,500
- Other: $0
- Compensation: $97,312
- Related: $0
- Other: $0
- Compensation: $0
- Related: $78,125
- Other: $0
- Compensation: $22,581
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.afweb.org
Where can I find the form 990 for Anabaptist Financial?
Anabaptist Financial's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.afweb.org
Learn more at the official website: www.afweb.org
Mission Statement of Anabaptist Financial
Anabaptist Financial is a financially driven organization, established to promote and uphold the conservative religious beliefs, customs, and lifestyles of the Amish, Mennonite, and Brethren (Anabaptist) communities. Its primary objective is to generate a substantial funding source to support individuals, businesses, and charitable organizations within these communities. Anabaptist Financial's activities extend to various loan programs that cater to the diverse needs of its clientele. These loans encompass business real estate, operating expenses, and home mortgages. As of its most recent year-end, Anabaptist Financial managed a loan portfolio of 3,107 outstanding loans, amassing a total of $666,524,326 in loan receivables, after accounting for a loan loss reserve of $1,907,413. These loans play a pivotal role in enabling Anabaptist individuals and organizations to maintain their religious convictions and traditional ways of life.
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Impact
October, 2024
Anabaptist Financial significantly impacts the Anabaptist community by providing essential financial services tailored to their unique cultural and religious values. With a focus on advancing the conservative Amish, Mennonite, and Brethren traditions, the organization plays a pivotal role in supporting individual and communal pursuits through its loan programs.
As of the latest reporting, Anabaptist Financial has issued 3,107 outstanding loans, totaling approximately $668 million. These loans range from business real estate and operating loans to home mortgages, enabling Anabaptist individuals and families to thrive within their cultural framework. By offering these financial resources, Anabaptist Financial helps members maintain their lifestyles and religious beliefs, fostering economic stability and continuity within their communities.
The organization not only serves as a financial institution but also as a vital supporter of Anabaptist values, ensuring that community members have access to the means necessary for perpetuating their way of life.
This information is meant to be a general summary of Anabaptist Financial. 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 2023.
- Investment Income: $390,872
- Program Service Revenue: $28,723,019
- Gross Receipts: $29,455,239
Assets and Liabilities:
- Total Assets: $711,959,439
- Total Liabilities: $690,909,245
- Net Assets: $21,050,194
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN ORIGINATION FEES
Revenue
$699,331
LOAN PROGRAM INTEREST
Revenue
$27,674,203
COMMITMENT FEES
Revenue
$77,331
OTHER PROGRAM FEES
Revenue
$242,154
AFFILIATED NPO RENT
Revenue
$30,000
Organization Details
Founding Year
2005
Principal Officer
Paul A Miller
Main Address
55 WHISPER CREEK DRIVE, LEWISBURG, PA, 17837
Website
www.afweb.orgNTEE Category
Code: W60 - Public benefit
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