FRIENDS OF CHRIST FOUNDATION
1000 S PARK VICTORIA DRIVE, MILPITAS, CA 95035 www.friendsofchristfoundation.org

Total Revenue
$10,333
Total Expenses
$81,602
Net Assets
$691,952

Organizations Filed Purposes: PROVIDE SUPPORT FOR THE CHRIST-CENTERED NEEDS AND MISSIONS OF CHRIST COMMUNITY CHURCH OF MILPITAS BOTH NOW AND IN THE FUTURE.

PROVIDE SUPPORT FOR THE MINISTRIES OF CHRIST COMMUNITY CHURCH OF MILPITAS

IN 2020, WE CONTINUED OFFERING OUR FREE AND SUBSIDIZED FINANCIAL EDUCATION SEMINARS COVERING EVERY LIFE STAGE FROM TEENS THROUGH THE END OF RETIREMENT AND ESTATE PLANNING. MOST NOTABLY, WE HELD A SUBSIDIZED FINANCIAL PEACE UNIVERSITY CLASS.

WITH THE DEPARTURE OF THE SENIOR PASTOR AT CCCM EARLY IN 2019, THE CHURCH SOUGHT AND SECURED A TRANSITIONAL PASTOR. THE FOUNDATION PROVIDED A GRANT TO COVER THE HOUSING COSTS FOR THE TRANSITIONAL PASTOR. THIS INCLUDED RENT, FURNITURE RENTAL, UTILITIES, AND RENTER'S INSURANCE. THE FDN PROVIDED FUNDING FOR CCCM'S ACTIVE SEARCH FOR BOTH A SENIOR PASTOR AND A FAMILY PASTOR. BOTH POSITIONS ARE LIKELY TO BE FILLED IN 2021. IT'S ALSO LIKELY THAT BOTH WILL REQUIRE SOME TYPE OF HOUSING ASSISTANCE FROM THE FOUNDATION AS CCCM IS LOCATED IN ONE OF THE HIGHEST COST OF LIVING AREAS IN THE COUNTRY. IN ANTICIPATION OF THESE NEEDS, THE FOUNDATION REVIEWED OUR INVESTMENT PORTFOLIO AND REPOSITIONED INVESTMENTS FOR LIQUIDITY TO MEET THESE ANTICIPATED NEEDS.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Bill WuDIRECTOR THRU DEC 20201$0
Don ChinDIRECTOR1$0
Mark SimmonsTREASURER2$0
Richard OnstotSECRETARY1$0
Don PaulusVICE PRESIDENT THRU DEC 20201$0
Abbott SmithPRESIDENT THRU DEC 20202$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202131339349302973_public.xml