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EDER FINANCIAL INC

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Public IRS 990 nonprofit record

EDER FINANCIAL INC

EIN 36-3668497 · Protestant (X21)

What they do

EDER FINANCIAL, INC. HAS A STATED PURPOSE to SUPPORT THE FINANCIAL WELL-BEING of THE CHURCH of THE BRETHREN and OTHER PERSONS and GROUPS THAT SHARE SIMILAR VALUES BY OFFERING PROGRAMS THAT PROVIDE RETIREMENT, MEDICAL and FINANCIAL AID BENEFITS to MINISTERS, MISSIONARIES and LAY EMPLOYEES of CERTAIN CHURCHES and CHURCH RELATED AGENCIES.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $98.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders18 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

249.25%of revenue went to mission work98.1% of expenses · Program services
0.34%of revenue went to fundraising0.1% of expenses
$254.03spent for every $100 of revenueSpending was higher than revenue this year.
4.44%of revenue went to management and office costs1.7% of expenses
$1.80in assets for every $1 spent this yearSome assets cannot be spent right away.
0.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $114,905,606 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $285,707 for NEVIN DULABAUM (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$74,597,829
Mission workProgram services$185,938,089249.25% of revenue98.1% of expenses
ManagementOffice and general costs$3,315,2824.44% of revenue1.7% of expenses
FundraisingAsking for donations$250,0640.34% of revenue0.1% of expenses
Total expenses$189,503,435254.03% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 98.1% mission · 1.7% management · 0.1% fundraisingTotal expenses: 254.03% of revenue
2023Expense mix: 89.0% mission · 10.9% management · 0.1% fundraisingTotal expenses: 115.03% of revenue
2022Expense mix: 92.2% mission · 7.7% management · 0.1% fundraisingTotal expenses: 136.43% of revenue
2021Expense mix: 90.5% mission · 9.5% management · 0.0% fundraisingTotal expenses: 63.17% of revenue
2020Expense mix: 89.9% mission · 10.1% management · 0.0% fundraisingTotal expenses: 98.19% of revenue
2019Expense mix: 88.3% mission · 11.7% management · 0.0% fundraisingTotal expenses: 89.88% of revenue
2018Expense mix: 90.0% mission · 10.0% management · 0.0% fundraisingTotal expenses: 83.68% of revenue
2017Expense mix: 90.4% mission · 9.6% management · 0.0% fundraisingTotal expenses: 65.16% of revenue

Money in and money out

Revenue$74,597,829
Expenses$189,503,435
Annual shortfall $114,905,606 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$185,938,089 · 98.1% of expenses
Management and office costs$3,315,282 · 1.7% of expenses
Fundraising$250,064 · 0.1% of expenses
See all reported dollar amounts
Revenue$74,597,829
Expenses$189,503,435
Assets$340,635,670
Income$1,369,159,279
Contributions$4,382
Mission work (program services)$185,938,089
Fundraising$250,064
Grants given$50,000
Average grant$10,000
Management and general$3,315,282
Executive compensation (total)$689,577
Stocks and bonds$252,179,457
Accounting fees$66,947
Investing fees$1,497,790
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
NEVIN DULABAUMPRESIDENT · 28 hrs/week $285,707Base $209,134 · Other $76,573
JOHN MCGOUGHCFO/VP OF INVESTMENTS · 24 hrs/week $213,302Base $142,632 · Other $70,670
MICHELLE KILBOURNEVP OF INTERNAL CAPABILITIES · 36 hrs/week $173,817Base $118,626 · Other $55,191
GERMAN GONGORAINFORMATION TECHNOLOGY DIR · 20 hrs/week $166,627Base $112,521 · Other $54,106
LYNNAE RODEFFERVP OF PRODUCTS/SERVICES · 28 hrs/week $161,961Base $126,949 · Other $35,012

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (18)

NEVIN DULABAUMPRESIDENT

JOHN MCGOUGHCFO/VP OF INVESTMENTS

MICHELLE KILBOURNEVP OF INTERNAL CAPABILITIES

GERMAN GONGORAINFORMATION TECHNOLOGY DIR

LYNNAE RODEFFERVP OF PRODUCTS/SERVICES

KATHERINE HAFFBOARD MEMBER

WAYNE SCOTTVICE CHAIR

SARA DAVISBOARD MEMBER

RUSS MATTESONBOARD MEMBER

RANDY YODERBOARD MEMBER

KEVIN BOYERBOARD MEMBER

AUDREY MYERBOARD MEMBER

JERRY PATTERSONBOARD MEMBER

JAN FAHSBOARD MEMBER

EUNICE CULPBOARD MEMBER

DONNA RHODESCHAIR - NEW

DENNIS KINGERYBOARD MEMBER

DAVID SHISSLERBOARD MEMBER - NEW / CHAIR - PAST

About this charity

Recognized since
January 1991
Location
1505 DUNDEE AVE, ELGIN, IL 60120-1605
County
Kane
In care of
JOHN MCGOUGH
Primary officer
JOHN MCGOUGH, CHIEF FINANCIAL OFFICER

How to reach them

WebsiteVisit the charity’s website Emailcustomerservice@eder.org Phone(847) 695-0200 Officer phone(847) 622-3388

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
LEGACY PROFESSIONALS LLP
NTEE classification
Protestant (X21)
IRS tax category
Protestant
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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