28TWELVE FOUNDATION LTD

EIN: 842413621 501(c)(3) Education

Granger, IN

Total Revenue
$564,246
Total Expenses
$416,181
Total Assets
$550,585
Net Assets
$550,585
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
IN
Principal Officer
Emmanuel Chang
Phone
5102299263
Tax Period
2024-01-01 to 2024-12-31

28TWELVE FOUNDATION LTD, founded in 2018, is a small nonprofit in the Education sector that reported $564K in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $148K, a strong 26% operating margin.

Mission

The 28twelve Foundation identifies, equips, and nurtures Christian graduate students to be leaders in their strategic fields. These goals are accomplished by providing financial support to Christian students pursuing graduate studies at premier institutions.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $551,254
Program Service Revenue $0
Investment Income $12,992
Other Revenue $0
TOTAL REVENUE $564,246

Expense Breakdown

Grants Paid $212,500
Salaries & Benefits $169,676
Fundraising Expenses $73,150
Program Expenses $306,050
Other Expenses $34,005
TOTAL EXPENSES $416,181

Year-over-Year Comparison

2024 2023 Change
Revenue $564,246 $297,162 +0.9%
Expenses $416,181 $400,150 +0.0%
Net Income $148,065 $-102,988 -2.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
4
Volunteers
71

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
4
$0
Total Directors
10
$56,000
Key Employees
1
$56,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kristen Gustavson Executive Director 20
Director Key Emp Highest
$56,000 $0 $56,000
Eugene Kim Board President 4
Officer Director
$0 $0 $0
Emanuel Chang Board Vice President 2
Officer Director
$0 $0 $0
Nathan Marshall Board Secretary 3
Officer Director
$0 $0 $0
Bruce Huber Board Treasurer 3
Officer Director
$0 $0 $0
David Kurz Board Member 1
Director
$0 $0 $0
Laurena Ketzel Kerber Board Member 1
Director
$0 $0 $0
Jennifer Jukanovich Board Member 1
Director
$0 $0 $0
Rebekah Jones Board Member 1
Director
$0 $0 $0
Jefferson Lee Board Member 1
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
2024 $564,246 $416,181 $550,585 $148,065
2023 $297,162 $400,150 $402,520 $-102,988
2022 $367,904 $193,968 $505,508 $173,936
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