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← SINAPIS GROUP

Form 990 for tax year 2024

Filed by SINAPIS GROUP.

Totals

Total revenue
$2,422,308
Total expenses
$2,305,607
Contributions and grants received
$2,316,718
Grants paid
$910,034
Program service revenue
$75,794
Investment income
$0
Other revenue
$29,796
Total assets, end of year
$1,002,476
Total liabilities, end of year
$6,213
Net assets or fund balances, end of year
$996,263
Program services expenses (Part IX)
$1,766,522
Management and general expenses
$234,788
Fundraising expenses
$304,297
Program service expenses (Part III)
$1,766,522

Program services were 76.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,316,718

  • 2a · Program service revenue: CONFERENCE FEES

    total $75,794 · related or exempt $75,794

  • 11a · Other revenue: MISCELLANEOUS

    total $25,126 · related or exempt $25,126

  • 11b · Other revenue: LICENSING FEES

    total $4,670 · related or exempt $4,670

  • 11e · Other revenue, total

    $29,796

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $910,034 · program services $910,034

  • 5 · Compensation of officers, directors and key employees

    total $167,352 · program services $66,941 · management and general $16,735 · fundraising $83,676

  • 7 · Other salaries and wages

    total $434,099 · program services $294,363 · management and general $66,952 · fundraising $72,784

  • 8 · Pension plan contributions

    total $10,074 · program services $7,021 · management and general $1,591 · fundraising $1,462

  • 9 · Other employee benefits

    total $34,328 · program services $23,525 · management and general $5,343 · fundraising $5,460

  • 10 · Payroll taxes

    total $50,841 · program services $30,846 · management and general $7,134 · fundraising $12,861

  • 11c · Fees: accounting

    total $11,300 · management and general $11,300

  • 11e · Fees: professional fundraising services

    total $15,800 · fundraising $15,800

  • 11g · Fees: other

    total $236,778 · program services $165,963 · management and general $43,250 · fundraising $27,565

  • 13 · Office expenses

    total $7,557 · management and general $1,638 · fundraising $5,919

  • 14 · Information technology

    total $18,980 · program services $9,747 · fundraising $9,233

  • 16 · Occupancy

    total $26,763 · management and general $26,763

  • 17 · Travel

    total $37,351 · program services $10,236 · management and general $1,851 · fundraising $25,264

  • 19 · Conferences, conventions and meetings

    total $163,802 · program services $163,802

  • 23 · Insurance

    total $5,110 · management and general $5,110

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $56,285 · program services $29,438 · management and general $21,244 · fundraising $5,603

  • 24b · Other expenses: STAFF RECRUITING

    total $46,153 · program services $36,592 · management and general $9,561

  • 24c · Other expenses: EVENTS

    total $30,073 · fundraising $30,073

  • 24d · Other expenses: LICENSES AND FEES

    total $26,478 · program services $7,415 · management and general $15,222 · fundraising $3,841

  • 24e · All other expenses

    total $16,449 · program services $10,599 · management and general $1,094 · fundraising $4,756

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $537,451 · end of year $141,236

  • 2 · Savings and temporary cash investments

    beginning of year $197,016 · end of year $144,513

  • 3 · Pledges and grants receivable

    beginning of year $143,014 · end of year $680,759

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,316 · end of year $35,968

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,235 · end of year $6,213

  • 27 · Net assets without donor restrictions

    beginning of year $873,180 · end of year $601,263

  • 28 · Net assets with donor restrictions

    beginning of year $6,382 · end of year $395,000

Mission and programs · 2024

Mission

SINAPIS EQUIPS LOCAL ENTREPRENEURS IN FRONTIER MARKET ECONOMIES TO LAUNCH AND GROW PROFITABLE KINGDOM BUSINESSES. THESE COMPANIES BUILD THE ECONOMY AND ALLEVIATE POVERTY BY CREATING JOBS.

Activities or mission (Part I)

SINAPIS OFFERS TRAINING, MENTORSHIP, AND ACCESS TO CAPITAL TO HELP ENTREPRENEURS GROW SUCCESSFUL BUSINESSES THAT CAN CREATE SOCIAL AND SPIRITUAL IMPACT.

  • WE HAVE TRAINED OVER 10,000 ENTREPRENEURS IN KENYA, UGANDA, RWANDA, GHANA, LIBERIA, EGYPT, MEXICO, MONGOLIA, MOZAMBIQUE, BURUNDI, AND BRAZIL. AS THEY GROW THEIR BUSINESSES, THEY BUILD THE LOCAL ECONOMY AND CREATE JOBS THAT ALLEVIATE POVERTY. IN ADDITION TO OUR CORE TRAINING PROGRAMS, WE CREATE ONGOING ALUMNI NETWORKS AND OFFER ACCELERATION AND ADVISORY SERVICES TO EQUIP HIGH-POTENTIAL ENTREPRENEURS TO OVERCOME BARRIERS TO SCALE AND SECURE NEEDED CAPITAL.

    Expenses $1,766,522 · Grants $910,034 · Revenue $105,590

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Karibu Nyaggah

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Courtney Mills

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jane Overstreet

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ken Ikiara

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Josh Ruyle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dave Conway

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Rohrs

    CEO

    Total calculated
    $167,352
    From this org
    $149,902
    From related orgs
    $0
    Other
    $17,450
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,466
    Bonus
    $14,436
    Other
    $0
    Deferred
    $4,398
    Nontaxable benefits
    $13,052
    Filer's total
    $167,352

  • Sylvia Bracquine

    MANAGING DIRECTOR OF OPERATIONS

    Total calculated
    $118,821
    From this org
    $115,500
    From related orgs
    $0
    Other
    $3,321
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 5
YEAR-END BONUS TAKES INTO CONSIDERATION ORGANIZATIONAL FUNDRAISING TARGETS AND PERFORMANCE.
PART I, LINE 7
YEAR-END BONUS APPROVED BY BOARD OF DIRECTORS BASED ON PERFORMANCE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
28 May 2025
IRS schema version
2024v5.1
Source object
202511539349301261

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