Anglican Financial Care
Legal name: New Zealand Anglican Church Pension Board
Nonprofit profile at a glance
- EIN
- 980160621
- IRS 990 coverage
- 2019–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Wellington, Wellington, New Zealand
- Phone
- _(04) 473 9369
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Pension and Retirement Funds
- Affiliation
- Christianity
Reported finances
- Revenue
- $11,013,019
- Expenses
- $11,543,891
- Assets
- $90,257,315
- Liabilities
- $249,394
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- Margaret Bearsley (Chief Executive)
Highest reported compensation
- Simon Brodie (Chief Investment Officer): $154,796 total reported compensation
- Margaret Bearsley (Chief Executive): $128,619 total reported compensation
- Manher Sukha (Investment Manager): $109,315 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Anglican Financial Care is a not-for-profit financial services organisation that has supported the Christian community since 1972. Originally established to serve The New Zealand Anglican Church Pension Fund, our work has grown to include a range of services, including Christian KiwiSaver Scheme, The Retire Fund, housing loans, including lending for housing on Māori land, and other support services for members of the Christian community. Whether you are clergy, work in a Christian organisation, or are simply looking to align your finances with your faith, we are here to help you manage your resources with purpose and peace of mind. iStock 1991831182 | Anglican Financial Care Te Kaupapa KiwiS.
What it reported doing in 2024
Life and income continuance insurance cover for ordained and non-ordained church workers. There are 207 persons covered at 31 March 2025.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Member-benefit provider. The nonprofit used 80% of its reported program spending for member benefits.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 58
- Transparency & Controls: 72
- Accountability: 86
- Sustainability: 52
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73.9%; rating input score 74
- Program expense ratio: 51.6%; rating input score 52
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Limited
- Conducts field audits: Limited
- May suspend future funding: Limited
- Requires financial reports: Limited
- Conducts site visits: Limited
- Requires grant agreements: Limited
- May require repayment: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -4.8%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 7.82; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 95; 95th percentile among comparable filings
- Officer compensation ratio: 4.7%; rating input score 53; 53rd percentile among comparable filings
Growth
- Program expense growth: -1% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: -7.2% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: 0.2% per year; rating input score 100; 11th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 73.9% of revenue deployed · 51.6% of spending went to programs
- Governance: 8 of 8 board members independent · 6 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $6M in reported program spending
- Leadership: top reported pay $155K · 12 people listed · 3 of 6 pay-setting controls reported
- Consistency: 45 of 45 current checks pass
- Schedules: 6 filed schedules · includes major donors, foreign activity, and executive pay
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Program expense ratio scored 52/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 17/100.
- Review — Sustainability: Officer compensation ratio scored 53/100.