2024-10-21T12:21:29+00:00 2023-12-31 363990892 Capin Crouse LLP 1330 Avenue of the Americas Suite 2 3A New York NY 10019 990 2023-01-01 131776448 Episcopal Church Foundation EPIS 8006972858 475 Riverside Drive 750 New York NY 10115 Donald V Romanik President 8006972858 2024-10-21 true true Shannon Maynard P01585823 5055022746 2024-10-21 2023 2024-10-15 13:58:12Z Donald V Romanik 475 Riverside Drive 750 New York NY 10115 44477733 false X www.episcopalfoundation.org X 1949 NY Helps congregations and other Episcopal groups develop leadership and financial resources. 16 16 23 18 0 0 735253 614880 1329392 1305504 3045311 14030731 0 0 5109956 15951115 555228 246789 0 0 2630801 2867422 0 0 375144 1439275 1141819 4625304 4256030 484652 11695085 560704500 709163159 511180605 653989125 49523895 55174034 The Episcopal Church Foundation (ECF) is an independent, lay led organization that helps congregations and other Episcopal groups develop leadership and raise financial resources for ministry. ECF's practical, innovative, and spiritually grounded programs, products and services include endowment management services, planned giving and annual stewardship support, leadership resource development, the fellowship partners program, and web based resources and publications. ECF is also involved in a variety of collaborative projects and partnerships to provide new kinds of solutions to help address the changing needs of the Episcopal Church. false false 1867035 1285823 Financial and Strategic Resources - The Episcopal Church Foundation (ECF) provides a holistic approach to visioning, planning and financial resource development for Episcopal organizations and a continuum of services and support including endowment management, planned giving, and stewardship consultation. In conjunction with ECF's leadership initiatives described on Line 4b, these programs help congregations identify goals and raise resources to enhance and grow their local ministries and their wider mission. 1370308 246789 19681 Adaptive Ministries - The Episcopal Church Foundation (ECF) understands that to lead effectively church leaders must be fully equipped with effective resources. ECF's comprehensive visioning, training and information resources help empower lay and ordained leaders with the tools they need to strengthen and grow their congregations, including publications, web-based resources (ECF Vital Practices), educational events, web conferences, and other collaborative leadership initiatives. ECF provides leadership-based training at the congregational level and partners with seminaries and other leadership formation institutions to emphasize the development of leadership capacity. ECF consulting services assist congregations and dioceses in making strategic decisions in a practical and spiritually grounded way. Additionally, through the Fellowship Partners program, ECF supports Episcopal scholars pursuing advanced academic degrees and individuals involved in transformational ministries at the grass-roots level. 3237343 true true false false true false false true true true true false false true false true false false false true false false false false false false true true true false false false false false false false false true false false false false true true false false false true 26 0 true 23 true false false false false false false false false false false false false X 16 16 false false true false false true false true true false false false true true true true true true true false X Craig Bossi 8006972858 475 Riverside Drive Ste 750 New York NY 10115 Andrea McKellar Secretary, Director (part year) 1.0 X X 0 0 0 Andrew H Luke Treasurer 1.0 X X 0 0 0 Annette Buchanan Vice Chairperson 1.0 X X 0 0 0 Kurt V Feaster Secretary (part year) 1.0 X X 0 0 0 Michael S Penfield Chairperson (part year) 1.0 X X 0 0 0 S Todd Anderson Chairperson, Director (part year) 1.0 X X 0 0 0 Allison Rutledge-Parisi Director 1.0 X 0 0 0 Charles Schilling Director 1.0 X 0 0 0 Derrick Humphries Director 1.0 X 0 0 0 G Peter Macon Director 1.0 X 0 0 0 Harry Grand Director 1.0 X 0 0 0 Jo Ann Roberts Director 1.0 X 0 0 0 Judy Godfrey Director 1.0 X 0 0 0 Julie Gehm Director 1.0 X 0 0 0 Karla Fernandez Parker Director 1.0 X 0 0 0 Linda Davila Director 1.0 X 0 0 0 Mason Lecky Director 1.0 X 0 0 0 Reynolds Cafferata Director 1.0 X 0 0 0 Craig Bossi VP of Finance & COO 40.0 X 200215 0 31840 Donald Romanik President 40.0 X 278796 0 21574 Carsten Sierck Managing Program Director 40.0 X 157226 0 29759 Aline Sun Program Director 40.0 X 119480 0 8394 James Murphy Managing Program Director 40.0 X 134430 0 12731 890147 0 104298 5 false true false Cohn Reznick LLP 10 Forbes Road Suite 200 Braintree MA 02184 Accounting services 121030 1 4100 610780 48318 614880 Fees for services 900099 1285823 1285823 Publication fees 900099 19681 19681 0 0 0 0 1305504 1519676 1519676 0 0 41037673 28526618 12511055 0 12511055 12511055 0 0 0 0 0 15951115 1305504 0 14030731 156789 156789 90000 90000 719410 433780 242806 42824 1561880 1398576 51619 111685 115110 93077 14161 7872 309207 262296 24272 22639 161815 133882 17143 10790 18263 1096 17167 44825 31439 9298 4088 165683 165683 165076 127492 20865 16719 36822 4414 32408 209903 111871 10254 87778 142999 100295 29664 13040 155163 125463 19089 10611 38845 32527 3325 2993 53625 44904 4589 4132 79472 64260 9777 5435 31143 25182 3831 2130 0 0 0 0 4256030 3237343 643543 375144 262970 105824 38826 7281 49245 34781 1520539 1413236 0 0 73675 86327 1517937 1390772 196266 127165 162269340 228463929 396293639 478924616 0 0 0 560704500 709163159 415441 290520 50000 50000 486210018 627407437 0 24505146 26241168 511180605 653989125 X 42488139 47464143 7035756 7709891 49523895 55174034 560704500 709163159 X 11695085 -6374885 329939 X false true X true false X 1038373 1503909 883309 735253 614880 4775724 0 0 1038373 1503909 883309 735253 614880 4775724 16170 4759554 1142793 1129727 1615464 1070096 1519676 6477756 0 0 0 19506 0 0 19506 11272986 7757045 0.4222 0.4608 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - MISC INCOME, COLUMN A - , COLUMN B - , COLUMN C - 19506.0, COLUMN D - , COLUMN E - , COLUMN F - 19506.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34 137557 156789 987620 true true false true X 3246215 400970 122000 3525185 3908208 -539993 122000 3246215 3709801 320407 122000 3908208 3585155 246646 122000 3709801 3282665 424490 122000 3585155 0.0 1.0 0.0 false false 988070 867479 120591 529867 523293 6574 127165 Hedge Funds 1031977 F Beneficial interest in perpetual trusts 1565982 F Equity unit investment trusts 1452973 F Cash and cash equivalents 14999643 C U.S. government and corporate obligations 959442 F Common trust funds 398225846 F Pooled investments 55534782 F Money market funds 5153971 C 478924616 Liabilities under split-interest agreements and discount for future interest - pooled income fund 26241168 26241168 9740486 -6374885 329939 -6044946 15785432 165683 0 165683 15951115 4090347 0 0 4090347 165683 0 165683 4256030 Schedule D, Part IV, Line 2b Explanation of escrow agreement ECF manages certain investments on behalf of parishes and other Episcopal entities. Such investments, which are reported at fair value, approximated $627,407,437 and $486,210,018 at December 31, 2023 and 2022, respectively, and are reflected in the statements of financial position as investments managed on behalf of others. ECF has no ownership of or residual interest in these investments and as such, a liability equal to the fair value of the investments is reflected in the accompanying statements of financial position as funds managed on behalf of others. Schedule D, Part V, Line 4 Intended uses of endowment funds ECF's endowment consists of a portfolio of actively managed funds established to provide both a source of operating funds as well as long-term financial stability. The endowment has donor-restricted endowment funds that may have purpose restrictions on the use of the income. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Change in split interest - 202359 Change in beneficial interest - 127580 Central America and the Caribbean 0 0 Investments 508180 0 0 0 0 0 0 508180 0 508180 true false true false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual true All Saints Episcopal Church 3847 Terracina Drive Riverside CA 92506 951831098 501(c)(3) 16250 General support St Stephens Episcopal Church 030266161 501(c)(3) 15000 General support Trinity Episcopal Church 430653302 501(c)(3) 10060 General support St Thomas Episcopal Church 381443392 501(c)(3) 8000 General support St Luke's Church 521652720 501(c)(3) 7250 General support 5 0 Episcopal Church Foundation Fellowship 8 90000 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. ECF makes grants to organizations from time to time and requires those organizations to submit a written description of their intended use of the funds. These submissions are reviewed by ECF management and progress reports, as required, are internally reviewed. Individuals who receive fellowship funding from ECF are required to submit status reports of the progress of their academic studies or transformational ministry. These reports are reviewed by a committee established by ECF specifically to oversee the fellowship program. As a condition of their Fellowship, individuals provide biannual progress reports to ECF, including an accounting of use of funds, which are internally reviewed. X X X false false false false false false false true false Donald Romanik President 259026 0 12500 0 7270 0 18424 0 3150 0 300370 0 0 0 Craig Bossi VP of Finance & COO 187655 0 7500 0 5060 0 13338 0 18502 0 232055 0 0 0 Carsten Sierck Managing Program Director 148422 0 7500 0 1304 0 10397 0 19362 0 186985 0 0 0 Schedule J, Part I, Line 7 Non-fixed payments Board approved non-fixed payments in the form of bonuses were given to the following individuals: Donald Romanik, President, Craig Bossi, VP of Finance & COO, Carsten Sierck, Managing Program Director, James Murphy, Managing Program Director, Aline Sun, Program Director. X 3 48318 Cost 0 false true false Schedule M, Part I The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee consists of the Chairperson of the Board (who serves as chairperson of the Committee), the Vice Chairperson or the Chairperson elect, the President, the Secretary, the Treasurer, and the chairpersons of all standing committees. Subject to the discretion of the Board, the Executive Committee shall have immediate charge, management and control of the business and affairs of ECF, and it shall have full powers, in the intervals between the meetings of the Board, to do any and all things in relation to the affairs of ECF and to exercise any powers of the Board which are not specifically required by law or the Bylaws to be exercised by the Board, except that the Executive Committee shall not have power to remove or elect a Director or the President. The Executive Committee shall report to the Board, in writing, all actions taken by the Committee. Form 990, Part VI, Line 4 Significant changes to organizational documents In May 2023, the Episcopal Church Foundation made significant amendments to its bylaws, including revisions to the structure and responsibilities of the Board of Directors, reducing the minimum number of directors from ten to three, the creation of specific committees such as the Audit and Budget Committees, and the enhancement of indemnification and conflict of interest policies. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The presiding bishop of the Episcopal Church selects two members of ECF's Board of Directors for a four-year term. Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 is prepared by an independent CPA firm in conjunction with the organization's financial department. A copy of the draft Form 990 is reviewed in detail by the President, and Vice President of Finance & COO, and the Chairperson of the Board of Directors. The draft, less identified contributors, is also circulated to the full Board of Directors for discussion and comment. Each Director is provided ample opportunity to comment on the information contained in the 990 prior to its filing with the Internal Revenue Service. Form 990, Part VI, Line 12c Conflict of interest policy All members of the Board of Directors and all staff members are required to annually provide in writing a full disclosure of any real or perceived conflicts of interest as well as specifically identify if they are a director, officer, associate, partner, or manager in any outside firm or business enterprise, regardless of whether that relationship constitutes a potential conflict. Management monitors compliance through ongoing discussions and reminders of the conflict of interest policy. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Line 15a Process to establish compensation of top management official The compensation for the organization's President is established and approved by the full Board of Directors and the Executive Committee based on a thorough evaluation of his performance relative to written annual administrative and programmatic goals. The compensation for other officers is established by the President within the context of annual staff reviews. Generally, compensation is compared on a yearly basis with available reports created by third parties that establish compensation ranges paid for comparable positions. The process is documented in the Board minutes for the President and in the personnel file for the other officers. Form 990, Part VI, Line 15b Process to establish compensation of other employees See narrative for Form 990, Part VI, Line 15a Form 990, Part VI, Line 19 Required documents available to the public The organization's financial statements, governing documents, and conflict of interest policy are made available to the public upon written request and at management's discretion. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in value of split interest agreements - 202359; Change in value of beneficial interest in perpetual trust - 127580; Schedule F, Part IV Line 3 The organization has analyzed its ownership in the foreign corporation, Mercer Hedge Fund Investor SPC, and has determined that it does not meet the reporting thresholds for Form 5471. The Episcopal Church (aka DFMS) 815 Second Avenue New York NY 10017 135562208 Church NY 501(c)(3) 1 NA false Charitable Remainder Trust (1) Charitable Remainder Trust NY Episcopal Church Foundation Trust true false false true false false false false false false false false false false false false false false false false