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Nonprofiteer
← PERCEPTION FUNDING INC

Form 990 for tax year 2023

Filed by PERCEPTION FUNDING INC.

Totals

Total revenue
$3,795,285
Total expenses
$3,872,225
Contributions and grants received
$0
Grants paid
$2,186,285
Program service revenue
$3,781,028
Investment income
$14,257
Other revenue
$0
Total assets, end of year
$600,330
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$600,330
Program services expenses (Part IX)
$3,501,607
Management and general expenses
$370,618
Fundraising expenses
$0
Program service expenses (Part III)
$3,501,607

Program services were 90.4% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: GiveDignity

    total $153,815 · related or exempt $153,815 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Living Missions Peru

    total $169,807 · related or exempt $169,807 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Women of Hope

    total $153,537 · related or exempt $153,537 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Hope for Mexico

    total $109,811 · related or exempt $109,811 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: VIANOVA

    total $186,430 · related or exempt $186,430 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $3,007,628 · related or exempt $3,007,628 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $14,257 · related or exempt $14,257 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,996,974 · program services $1,996,974

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $189,311 · program services $189,311

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $112,697 · program services $0 · management and general $112,697 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $149,005 · program services $144,505 · management and general $4,500 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $8,344 · program services $0 · management and general $8,344 · fundraising $0

  • 10 · Payroll taxes

    total $17,572 · program services $11,055 · management and general $6,517 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $18,923 · program services $0 · management and general $18,923 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $539,211 · program services $510,483 · management and general $28,728 · fundraising $0

  • 12 · Advertising and promotion

    total $217 · program services $0 · management and general $217 · fundraising $0

  • 13 · Office expenses

    total $16,159 · program services $11,001 · management and general $5,158 · fundraising $0

  • 14 · Information technology

    total $38,589 · program services $3,105 · management and general $35,484 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $38,382 · program services $37,829 · management and general $553 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $487 · program services $0 · management and general $487 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $12,259 · program services $7,539 · management and general $4,720 · fundraising $0

  • 24a · Other expenses: Expense Reimbursements-Ministry Expenses

    total $326,309 · program services $326,309 · management and general $0 · fundraising $0

  • 24b · Other expenses: Financial Service Fees & Admin Expenses

    total $185,362 · program services $64,800 · management and general $120,562 · fundraising $0

  • 24c · Other expenses: Fundraising Expenses

    total $125,809 · program services $102,081 · management and general $23,728 · fundraising $0

  • 24e · All other expenses

    total $96,615 · program services $96,615

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $443,086 · end of year $175,593

  • 2 · Savings and temporary cash investments

    beginning of year $205,122 · end of year $13,850

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $107,603

  • 4 · Accounts receivable

    beginning of year -$14,018 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $43,080 · end of year $303,284

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $691,288 · end of year $478,877

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$14,018 · end of year $121,453

Mission and programs · 2023

Mission

The mission of Perception Funding is to serve our ministry partners in order to grow the Kingdom of God. We do this by teaching them how to engage donors effectively and assisting them in their fundraising efforts.

Activities or mission (Part I)

Perception Funding teaches Christian-based organizations how to engage donors effectively and assisting them in their fundraising efforts.

  • GiveDignity is a project based in Costa Rica that helps restore the dignity of those living in marginalized communities through holistic development initiatives to support employment, education and prevention of abuse and human trafficking.

    Expenses $140,266 · Revenue $153,815

  • Living Missions Peru is a Peruvian project coordinating short-term missions projects to share the good news of Jesus Christ with the people of Peru. They partner with a dozen different churches, schools and clinics to help meet their needs. They also lead churches from the United States to come and serve along side them.

    Expenses $178,667 · Revenue $169,807

  • VIANOVA aims to have a significant impact on sharing the Gospel of Jesus with all people in Belgium and all around the world. We believe one of the best ways to do this is planting more Churches that are led by relational, local, community-focused pastors with experience in mentoring and disciplining people in the way of Jesus.

    Expenses $161,323 · Revenue $186,430

  • Total of other service programs

    Expenses $3,021,351 · Revenue $2,853,762

As filed on the 2023 return.

Listed in Part VII

  • Jonathan Klee

    President/Executive Director

    Total calculated
    $75,131
    From this org
    $75,131
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Cory Young

    Board Member

    Total calculated
    $0
    Hours/week
    3

  • Jason Schoff

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Rustin Smith

    Board Member

    Total calculated
    $0
    Hours/week
    3

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
23 October 2024
IRS schema version
2023v5.0
Source object
202412979349301976

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

The source document this was parsed from is served over the API, which is where bulk and document access live.