Overview
What is Proliferate Foundation Inc?
Proliferate Foundation Inc, situated in Richmond, Virginia, is a nonprofit organization that focuses on supporting early-stage churches and emerging congregations. They offer financial aid through grants and low-interest loans, assisting these churches in managing their startup and organizational expenses during their initial years. The foundation's mission is to foster the growth of new religious communities, providing them with the essential financing they need to establish and operate effectively.
Is Proliferate Foundation Inc legitimate?
Proliferate Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Proliferate Foundation Inc 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 Proliferate Foundation Inc?
Proliferate Foundation Inc is dedicated to supporting early-stage churches and forming congregations by providing them with necessary funding for their start-up and organizational expenses during their initial years. This is accomplished through the distribution of grants and low-interest loans. The organization has previously aided an early-stage church in establishing a new congregation through a grant.
Who is the CEO of Proliferate Foundation Inc?
John E Grace is the President of Proliferate Foundation Inc.
What is the revenue of Proliferate Foundation Inc?
Proliferate Foundation Inc's revenue in 2022 was $136,333.
Who are the executives of Proliferate Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
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Where can I find the form 990 for Proliferate Foundation Inc?
Proliferate Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Proliferate Foundation Inc
Proliferate Foundation Inc is dedicated to supporting early-stage churches and forming congregations by providing them with the essential funding required for their startup and organizational expenses during their initial years. This is accomplished through the distribution of grants and low-interest loans. By doing so, Proliferate Foundation Inc aims to assist these churches in overcoming financial challenges and focusing on their primary mission of spreading faith and community. The organization's goal is to empower these nascent religious groups, enabling them to establish a strong foundation and grow effectively during their formative years.
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Impact
October, 2024
Proliferate Foundation Inc significantly impacts the establishment and growth of early-stage churches and developing congregations by providing essential financial support. Through grants and low-interest loans, the foundation enables these new religious communities to cover their startup and organizational expenses during their crucial formative years. For instance, a recent grant assisted a nascent church in Richmond, VA, in establishing a new congregation, which underscores the foundation's commitment to fostering spiritual growth and community engagement. By offering this financial backing, Proliferate Foundation Inc plays a vital role in ensuring that new congregations can thrive and contribute to the fabric of their local communities.
This information is meant to be a general summary of Proliferate Foundation Inc. 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: $6,333
- Gross Receipts: $143,201
Assets and Liabilities:
- Total Assets: $555,347
- Total Liabilities: $0
- Net Assets: $555,347
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Organization Details
Founding Year
2019
Phone
(703) 969-8548Principal Officer
John E Grace
Main Address
PO BOX 707 PMB 31839, RICHMOND, VA, 23218
NTEE Category
Code: X99 - Religion related
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