ROGER H STRAIT MEMORIAL FOUNDATION

EIN: 464051226 501(c)(3) Philanthropy & Grantmaking

OSHKOSH, WI

Total Revenue
$311,081
Total Expenses
$381,666
Total Assets
$38,849
Net Assets
$31,566
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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
FL
Principal Officer
PAUL S STRAIT
Phone
5182910901
Tax Period
2023-01-01 to 2023-12-31

ROGER H STRAIT MEMORIAL FOUNDATION, founded in 2013, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $311K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $382K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO IMPROVE THE LIVES OF NEEDY CHILDREN AND MARGINALIZED PEOPLE GLOBALLY, AND TO ADVANCE THE CAUSE OF CHRIST THROUGH GRANTS TO DESERVING ORGANIZATIONS AND CHRISTIAN WORKERS.

Program Service Accomplishments

Program 1
Expenses: $106,500

THE FOUNDATION PROVIDED SUPPORT TO A CHURCH IN ARUSHA CONSTRUCTING A NEW, TWO-STORY, 5,400 SQUARE-FOOT BUILDING FOR TRAINING AND EQUIPPING MISSIONARIES. THE FACILITY WILL INCLUDE DORM ROOMS...

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THE FOUNDATION PROVIDED SUPPORT TO A CHURCH IN ARUSHA CONSTRUCTING A NEW, TWO-STORY, 5,400 SQUARE-FOOT BUILDING FOR TRAINING AND EQUIPPING MISSIONARIES. THE FACILITY WILL INCLUDE DORM ROOMS, APARTMENTS, A CENTRAL MEETING AREA AS WELL AS A COMMERCIAL KITCHEN AND LAUNDRY. THE SIX EN-SUITE DORM ROOMS DOWNSTAIRS WILL COMFORTABLY ACCOMMODATE 26 STUDENTS, WHILE THE TWO SELF-CONTAINED APARTMENTS UPSTAIRS WILL BE ABLE TO HOUSE SIX-TO-EIGHT SHORT TERM LECTURERS OR LONG-TERM STAFF. THE 900 SQUARE FOOT MEETING HALL, AS WELL AS AN OPEN AIR COURTYARD WILL PROVIDE AMPLE SPACE FOR LECTURES AND BREAKOUT SESSIONS. THE FOUNDATION ALSO PROVIDES DIRECTION TO FIRST RESPONDER OUTREACHES (FRO) AND FRIENDSHIP ENGLISH SCHOOLS (FES), MEDICAL AND EDUCATIONAL PROGRAMS, RESPECTIVELY, THROUGH MENTORING AND FRIENDSHIP. FOUNDATION PARTNER CHURCHES NOW RUN THE DAY-TO-DAY OPERATIONS WITH THE FOUNDATION PROVIDING FOLLOW-UP SUPPORT TO LOCAL LEADERS AS THEY LEAD WITHIN THEIR COMMUNITIES. FOUNDATION REPRESENTATIVES FOCUSED ON SENIOR LEVEL LEADERSHIP DEVELOPMENT DURING TRIPS TO THE COUNTRY.

Program 2
Expenses: $53,789

WITH THE CONTINUING UNREST IN MYANMAR THE FOUNDATION PROVIDED SUPPORT TO MISSIONARIES AND REFUGEES WHO HAD WORKED WITH THE FOUNDATION AS THEY SOUGHT REFUGE IN INDIA, THAILAND AND VIETNAM AS WELL AS...

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WITH THE CONTINUING UNREST IN MYANMAR THE FOUNDATION PROVIDED SUPPORT TO MISSIONARIES AND REFUGEES WHO HAD WORKED WITH THE FOUNDATION AS THEY SOUGHT REFUGE IN INDIA, THAILAND AND VIETNAM AS WELL AS RELOCATING AFGHANI CHRISTIANS.

Program 3
Expenses: $27,460

THE FOUNDATION SUPPORTED A PAIR OF MISSIONARY COUPLES IN ARMENIA WORKING WITH LOCAL PEOPLE TO HEAL ETHNIC DIVIDES. ADDITIONALLY, THE FOUNDATION PROVIDED FUNDING FOR ANOTHER MISSIONARY AND RELATED...

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THE FOUNDATION SUPPORTED A PAIR OF MISSIONARY COUPLES IN ARMENIA WORKING WITH LOCAL PEOPLE TO HEAL ETHNIC DIVIDES. ADDITIONALLY, THE FOUNDATION PROVIDED FUNDING FOR ANOTHER MISSIONARY AND RELATED TRANSLATION SERVICES.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $311,081
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $311,081

Expense Breakdown

Grants Paid $298,279
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $326,573
Other Expenses $83,387
TOTAL EXPENSES $381,666

Year-over-Year Comparison

2023 2022 Change
Revenue $311,081 $380,287 -0.2%
Expenses $381,666 $351,148 +0.1%
Net Income $-70,585 $29,139 -3.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT HARRIS BOARD MEMBER 5.00
Director
$0 $0 $0
JOHN PUTNAM BOARD MEMBER 2.00
Director
$0 $0 $0
PAUL S STRAIT BOARD MEMBER 20.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $311,081 $381,666 $38,849 $-70,585
2022 $380,287 $351,148 $102,151 $29,139
2021 $501,585 $449,845 $74,489 $51,740
2020 $326,378 $326,684 $21,272 $-306
2019 $402,350 $419,602 $21,578 $-17,252
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