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← STRATUM

Form 990 for tax year 2023

Filed by STRATUM.

Totals

Total revenue
$1,765,618
Total expenses
$1,839,648
Contributions and grants received
$1,727,498
Grants paid
$1,579,359
Program service revenue
$1,000
Investment income
$37,120
Other revenue
$0
Total assets, end of year
$960,863
Total liabilities, end of year
$4,988
Net assets or fund balances, end of year
$955,875
Program services expenses (Part IX)
$1,712,533
Management and general expenses
$114,104
Fundraising expenses
$13,011
Program service expenses (Part III)
$1,712,533

Program services were 93.1% 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

    $1,727,498

  • 2a · Program service revenue: INCUBATOR REGISTRATION FEES

    total $1,000 · related or exempt $1,000

  • 3 · Investment income

    total $21,368 · excluded $21,368

  • 7a · Gross sales of assets other than inventory

    securities $1,205,764

  • 7b · Less cost or other basis and sales expenses

    securities $1,190,012

  • 7c · Gain or loss

    securities $15,752

  • 7d · Net gain or loss

    total $15,752 · excluded $15,752

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,579,359 · program services $1,579,359

  • 5 · Compensation of officers, directors and key employees

    total $88,500 · program services $71,500 · management and general $10,625 · fundraising $6,375

  • 7 · Other salaries and wages

    total $24,025 · program services $9,307 · management and general $12,444 · fundraising $2,274

  • 10 · Payroll taxes

    total $8,851 · program services $6,895 · management and general $1,218 · fundraising $738

  • 11c · Fees: accounting

    total $19,344 · management and general $19,344

  • 11f · Fees: investment management

    total $4,091 · management and general $4,091

  • 11g · Fees: other

    total $1,025 · program services $818 · management and general $207

  • 13 · Office expenses

    total $335 · management and general $335

  • 14 · Information technology

    total $7,669 · program services $558 · management and general $4,130 · fundraising $2,981

  • 16 · Occupancy

    total $40,218 · management and general $40,218

  • 17 · Travel

    total $2,014 · program services $322 · management and general $1,049 · fundraising $643

  • 22 · Depreciation, depletion and amortization

    total $3,333 · management and general $3,333

  • 23 · Insurance

    total $2,491 · management and general $2,491

  • 24a · Other expenses: PROGRAM EXPENSE TRAININ

    total $43,774 · program services $43,774

  • 24b · Other expenses: BANK & MERCHANT FEES

    total $14,554 · management and general $14,554

  • 24c · Other expenses: MISCELLANEOUS

    total $65 · management and general $65

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $662,093 · end of year $7,731

  • 2 · Savings and temporary cash investments

    beginning of year $350,052 · end of year $943,720

  • 4 · Accounts receivable

    end of year $257

  • 10a · Land, buildings and equipment: cost or other basis

    $10,000

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,500

  • 10c · Land, buildings and equipment, net

    beginning of year $5,833 · end of year $2,500

  • 15 · Other assets

    beginning of year $6,655 · end of year $6,655

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,715 · end of year $4,988

  • 27 · Net assets without donor restrictions

    beginning of year $1,020,918 · end of year $955,875

Mission and programs · 2023

Mission

THE STRATUM FOUNDATION IS A BAY AREA FOCUSED ORGANIZATION THAT PROVIDES INNOVATIVE SOLUTIONS FOR GOSPEL-GROUNDED LEADERS AND INSTITUTIONS IN THE BAY AREA.

  • CATALYTIC FUNDING - THE CHURCH PLANT STARTUP GRANT SEEKS TO STRENGTHEN AND SUPPORT NEW CHURCHES AS PART OF CATALYZING AND FOSTERING A HEALTHY GOSPEL ECOSYSTEM IN THE BAY AREA. THIS INITIATIVE PROVIDES FINANCIAL SUPPORT TO A PORTFOLIO OF CHURCH PLANTS THAT REFLECT THE DIVERSITY OF GEOGRAPHY, ETHNICITY, AND CHURCH-PLANTING MODELS IN THE BAY AREA. OUR MATCHING GRANTS ARE DESIGNED TO CREATE A CATALYZING OPPORTUNITY FOR A CHURCH PLANT TO RECEIVE SIGNIFICANT FINANCIAL INVESTMENT. WE SEEK TO WORK IN PARTNERSHIP WITH THE EXISTING DONORS, NETWORKS, AND ORGANIZATIONS TO BRING NEEDED FINANCIAL RESOURCES TO A NEW CHURCH. SINCE 2019, OVER 5 MILLION DOLLARS HAS BEEN DONATED TO NEW CHURCHES THROUGH OUR MATCHING GRANT PROGRAM.

    Expenses $1,691,369 · Grants $1,579,359

  • INCUBATOR - THE CITY TO CITY INCUBATOR IS OUR ONE-YEAR TRAINING PROGRAM FOR PASTORS WHO ARE IN THE EARLY YEARS OF ESTABLISHING A NEW CHURCH. WE PROVIDE IN-DEPTH, CONTEXTUALIZED TRAINING, AS WELL AS RELATIONAL SUPPORT, TO HELP PARTICIPANTS ESTABLISH HEALTHY AND EFFECTIVE NEW CHURCHES. PARTICIPANTS IN THE PROGRAM LEARN ALONGSIDE OTHER LEADERS OF NEW CHURCHES FOR ONE DAY EACH MONTH, IN A RETREAT-LIKE ENVIRONMENT. INCUBATOR IS DELIVERED TO CHURCH PLANTERS THROUGH LOCAL BAY AREA TRAINERS, PASTORS AND LEADERS WITH A TRACK RECORD OF FAITHFUL AND FRUITFUL MINISTRY. SINCE 2018, LEADERS OF 22 NEW CHURCHES HAVE PARTICIPATED IN OUR INCUBATOR.

    Expenses $18,043 · Revenue $1,000

  • COACHING - STRATUM COACHING IS FOR BAY AREA PASTORS AND CHURCH PLANTERS. WE FACILITATE SMALL COHORTS OF LEADERS THAT MEET TOGETHER MONTHLY FOR SPIRITUAL FORMATION, PRACTICAL MINISTRY HELP, AND PERSONAL CARE. THE CURRICULUM IS DESIGNED AS A JUMPING-OFF POINT TO WORK THROUGH THE DECISIONS, CHALLENGES, AND CONCERNS THAT LEADERS ARE PRESENTLY FACING AS PEOPLE, PARTNERS, PARENTS, AND PLANTERS/PASTORS. OUR COACHING COHORTS PAIR 3-6 PASTORS AND CHURCH PLANTERS WITH EXPERIENCED BAY AREA CHRISTIAN LEADERS. COACHING COHORTS MEET ONCE A MONTH FOR A HALF-DAY AT OUR OFFICE IN THE RETREAT-ATMOSPHERE OF SAN FRANCISCO'S PRESIDO.

    Expenses $3,121

As filed on the 2023 return.

Listed in Part VII

  • Nicholas Parsons

    PRESIDENT/MANAGING DIRECTO

    Total calculated
    $42,500
    From this org
    $42,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Bart Garett

    VICE PRESIDENT

    Total calculated
    $42,500
    From this org
    $42,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Cindy Collister

    TREASURER

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Joey Chen

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Tania Wang-Pei

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202443059349302644

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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