Eight Torches Foundation
EIN 823337600About
As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets.The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions:During the taxable year ending December 31, 2018, the Foundation made distributions from assets from sources other than current income.Collectively, the distributions in excess of current income totaled $101,000. This amount represents 25% or more of the Foundation's net assets of $310,030 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2018. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution.The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2018 | $101K | $592K | $406K | 1 |
| 2020 | $52K | $744K | $15K | 3 |
| 2021 | N/A | $3.0M | $2.3M | N/A |
| 2022 | $1.1M | $2.7M | $1.1M | 9 |
| 2023 | $1.2M | $3.1M | $1.4M | 12 |
| 2024 | $2.6M | $3.9M | $3.3M | 12 |
Grant Size Distribution
Based on 37 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (37 total)
| Purpose | ||||
|---|---|---|---|---|
| The Navigators | Colorado Springs, CO | $1,292,000 | General & Unrestricted | 2024 |
| The Navigators | Albert Lea, MN | $687,000 | General & Unrestricted | 2022 |
| The Navigators | Colorado Springs, CO | $624,520 | General & Unrestricted | 2023 |
| Lausanne Committee for World Evangelization | Orlando, FL | $500,000 | General & Unrestricted | 2024 |
| Wheeler Mission Ministries Inc | Indianapolis, IN | $333,000 | General & Unrestricted | 2024 |
| Christian Herald Assn Inc | New York, NY | $200,000 | General & Unrestricted | 2023 |
| Christian Herald Assn Inc | New York, NY | $150,000 | General & Unrestricted | 2024 |
| Christian Herald Assn Inc - the Bowery Mission | New York, NY | $150,000 | General & Unrestricted | 2022 |
| Christian Herald Assn Inc - the Bowery Mission | New York, NY | $101,000 | Ambassador fund for serving the bowery mission clients | 2018 |
| Pulse Outreach | Minneapolis, MN | $100,000 | General & Unrestricted | 2023 |
| Pulse Outreach | Minneapolis, MN | $100,000 | General & Unrestricted | 2024 |
| The New York City Leadership Center Inc | New York, NY | $100,000 | General & Unrestricted | 2022 |
| Veritas Academy | North Branch, MN | $60,000 | General & Unrestricted | 2022 |
| Wheeler Mission Ministries Inc | Indianapolis, IN | $50,000 | General & Unrestricted | 2023 |
| Saltexchange Inc | Brooklyn, NY | $50,000 | General & Unrestricted | 2024 |
| Re Source Global | Chicago, IL | $45,000 | General & Unrestricted | 2024 |
| Re Source Global | Chicago, IL | $45,000 | General & Unrestricted | 2022 |
| Veritas Academy | North Branch, MN | $40,000 | General & Unrestricted | 2020 |
| Vail Bible Church | Avon, CO | $40,000 | General & Unrestricted | 2024 |
| Re Source Global | Chicago, IL | $35,000 | General & Unrestricted | 2023 |
| Saltexchange Inc | Brooklyn, NY | $35,000 | General & Unrestricted | 2023 |
| City Church for All Nations Inc | Bloomington, IN | $30,000 | General & Unrestricted | 2023 |
| Veritas Academy | North Branch, MN | $30,000 | General & Unrestricted | 2023 |
| Baseball Chapel Inc | Morrow, OH | $30,000 | General & Unrestricted | 2024 |
| Christian Herald Assn Inc | New York, NY | $25,000 | Charitable Event | 2023 |