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Nonprofiteer
← 1040 CONNECTIONS INC

Form 990 for tax year 2023

Filed by 1040 CONNECTIONS INC.

Totals

Total revenue
$481,377
Total expenses
$556,334
Contributions and grants received
$454,324
Grants paid
$268,251
Program service revenue
$0
Investment income
$29,164
Other revenue
-$2,111
Total assets, end of year
$2,122,874
Total liabilities, end of year
$22,997
Net assets or fund balances, end of year
$2,099,877
Program services expenses (Part IX)
$476,676
Management and general expenses
$49,853
Fundraising expenses
$29,805
Program service expenses (Part III)
$476,676

Program services were 85.7% 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.

  • 1c · Fundraising events

    $16,040

  • 1f · All other contributions, gifts and grants

    $438,284

  • 3 · Investment income

    total $29,164 · related or exempt $29,164

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

    $16,040

  • 8b · Fundraising events: direct expenses

    $2,199

  • 8c · Net income from fundraising events

    total -$2,199 · excluded -$2,199

  • 10a · Gross sales of inventory

    $286

  • 10b · Cost of goods sold

    $198

  • 10c · Net income from sales of inventory

    total $88 · related or exempt $88

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $268,251 · program services $268,251

  • 5 · Compensation of officers, directors and key employees

    total $169,878 · program services $122,404 · management and general $37,303 · fundraising $10,171

  • 7 · Other salaries and wages

    total $2,513 · program services $1,600 · management and general $599 · fundraising $314

  • 9 · Other employee benefits

    total $1,874 · program services $1,617 · management and general $160 · fundraising $97

  • 10 · Payroll taxes

    total $13,190 · program services $9,488 · management and general $2,900 · fundraising $802

  • 11c · Fees: accounting

    total $4,119 · management and general $4,119

  • 13 · Office expenses

    total $12,272 · program services $7,067 · management and general $526 · fundraising $4,679

  • 14 · Information technology

    total $2,478 · program services $2,247 · management and general $141 · fundraising $90

  • 16 · Occupancy

    total $6,542 · program services $5,587 · management and general $584 · fundraising $371

  • 17 · Travel

    total $36,904 · program services $36,042 · management and general $48 · fundraising $814

  • 20 · Interest

    total $798 · program services $681 · management and general $72 · fundraising $45

  • 22 · Depreciation, depletion and amortization

    total $994 · program services $849 · management and general $89 · fundraising $56

  • 23 · Insurance

    total $1,843 · management and general $1,843

  • 24a · Other expenses: FEES AND LICENSES

    total $5,750 · program services $4,388 · management and general $325 · fundraising $1,037

  • 24b · Other expenses: OUTSIDE SERVICES

    total $8,105 · fundraising $8,105

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,714 · program services $2,617 · management and general $59 · fundraising $38

  • 24d · Other expenses: MINOR EQUIPMENT

    total $1,502 · program services $1,356 · management and general $89 · fundraising $57

  • 24e · All other expenses

    total $16,607 · program services $12,482 · management and general $996 · fundraising $3,129

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,711,741 · end of year $903,723

  • 2 · Savings and temporary cash investments

    beginning of year $29,381 · end of year $500,000

  • 4 · Accounts receivable

    beginning of year $831 · end of year $10,767

  • 8 · Inventories for sale or use

    beginning of year $2,160 · end of year $1,592

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,249 · end of year $1,580

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

    $34,157

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

    $14,508

  • 10c · Land, buildings and equipment, net

    beginning of year $2,089 · end of year $19,649

  • 15 · Other assets

    beginning of year $380,025 · end of year $685,563

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,519 · end of year $4,004

  • 25 · Other liabilities

    end of year $18,993

  • 27 · Net assets without donor restrictions

    beginning of year $1,816,587 · end of year $1,786,036

  • 28 · Net assets with donor restrictions

    beginning of year $304,370 · end of year $313,841

Mission and programs · 2023

Mission

WE PROCLAIM THE GOSPEL TO THE END OF THE EARTH BY DEFENDING LIFE AND MULTIPLYING SERVANT LEADERS IN ORDER TO CATALYZE DISCIPLE MAKING MOVEMENTS

  • DEVELOPING LEADERS - 10/40 CONNECTIONS PROVIDES RELEVANT AND PRACTICAL THEOLOGICAL INSTRUCTION WHICH INPACTS THE WHOLE PERSON AND THE WHOLE COMMUNITY. OUR UMMEED PROJECT DEVELOPED 1,570 LEADERS THROUGH 36 SEMINARS IN MULTIPLE STATES OF INDIA. IN ANOTHER NATION, WITH 9 TEACHERS AND 23 CLASSES,OUR ADULT LITERACY PROGRAMS HELPED 180+ PEOPLE LEARN TO READ AND WRITE. WE HOSTED 2 CONFERENCES IN 2 NATIONS WITH OVER 200 LEADERS.OUR TEACHING CURRICULUM WAS TRANSLATED INTO 4 LANGUAGES AND IS NOW SPREADING THROUGH NETWORKS. FOR THOSE WHO WANT TO UNDERSTAND MORE ABOUT HOW TO HAVE A CLEAN HEART AND NOT JUST DO GOOD DEEDS, WE ARE HAPPY TO SHARE SOME GOOD NEWS.WHILE MOST RELIGIONS ATTEMPT TO HELP PEOPLE BECOME BETTER PEOPLE OR PLEASE GOD, WE HAVE FOUND THAT JESUS CHRIST ACTUALLY MAKES IT POSSIBLE. AFTER HE LIVED A PERFECT LIFE WITHOUT ONE WRONG WORD, DEED, THOUGHT OR MOTIVE, JESUS ALLOWED HIMSELF TO DIE ON THE CROSS TO PAY THE PENALTY FOR THE WRONG THINGS PEOPLE DO.(CONT. SCH O7)

    Expenses $115,705 · Grants $76,931

  • EDUCATION-CHILDREN 10/40 CONNECTIONS UNDERSTANDS THE VALUE OF EDUCATION TO INSPIRE HOPE AND BRING TANGIBLE LIFE CHANGE, ESPECIALLY TO CHILDREN. WE BROUGHT EDUCATION IN SOUTH ASIA THROUGH A SCHOOL OF 250 CHILDREN IN A REMOTE VILLAGE AREA. WE BEGAN RUNNING A SCHOOL WITH 150 STUDENTS IN A TRIBAL AREA OF SOUTH ASIA. WE CONTINUED RUNNING 4 DAILY SCHOOLS FOR 140+ CHILDREN IN VILLAGES THAT PREVIOUSLY HAD ZERO ACCESS TO EDUCATION. WE FUNDED EDUCATIONAL EXPENSES, INCLUDING NURSING SCHOOLS, FOR 17 GIRLS RESCUED FROM ABUSIVE SITUALTIONS.

    Expenses $82,242 · Grants $54,120

  • LIFE ADVOCACY - 10/40 CONNECTIONS WORKS TO PROVIDE WHOLE-LIFE CHANGE, HOPE, AND PROTECTION TO AT-RISK PEOPLE, PARTICULARLY WOMEN AND CHILDREN, THROUGH EXPENDING THEIR ACCESS TO CLEAN WATER AND HEALTH EDUCATION. WE INSTALLED FIVE HYGIENE SYSTEMS IN VILLAGES, HELPING OVER 1,500 PEOPLE WITH SAFETY AND CLEAN WATER. WE PROVIDED FOOD AND DAILY ASSISTANCE FOR 1,000+ VILLAGERS IN A FLOOD RELIEF SITUATION IN SOUTH ASIA. OVER 2,200 FAMILIES PARTICIPATED IN OUR VOICE FOR THE VOICELESS SEMINARS, WHICH SPEAK UP FOR THE MOST VULNERABLE CHILDREN - THE PRE-BORN. WE HOSTED 5 CATARACT CLINCIS WHICH GAVE SIGNT TO 211 PEOPLE AND TREATED 446 PATIENTS.

    Expenses $60,446 · Grants $30,050

  • EVANGELISTIC TOOLS

    Expenses $48,279 · Grants $32,150

  • EMERGENCY SERVICES

    Expenses $40,271 · Grants $26,500

  • HEALTH PROGRAMS

    Expenses $39,483 · Grants $26,200

  • TEAMS

    Expenses $30,020 · Grants $1,000

  • LEADERSHIP DEVELOPMENT

    Expenses $14,482 · Grants $800

  • ECONOMIC DEVELOPMENT

    Expenses $14,076 · Grants $9,200

  • EDUCATION - ADULTS

    Expenses $12,064 · Grants $8,000

  • GLOBAL MISSIONS NETWORKING

    Expenses $7,993

  • TEACHING TOOLS

    Expenses $5,304 · Grants $1,300

  • EQUIP BELIEVERS

    Expenses $3,058 · Grants $2,000

  • MOBILIZATION

    Expenses $2,051

  • PROGRAM DEVELOPMENT

    Expenses $1,105

  • GLOBAL MISSIONS TRAINING

    Expenses $97

As filed on the 2023 return.

Listed in Part VII

  • Chad Segraves

    VICE PRESIDENT AND EXEC DIREC

    Total calculated
    $74,065
    From this org
    $73,081
    From related orgs
    $0
    Other
    $984
    Hours/week
    40
  • Leslie Segraves

    PRESIDENT

    Total calculated
    $63,727
    From this org
    $63,257
    From related orgs
    $0
    Other
    $470
    Hours/week
    30
  • Jinna Neal

    TREASURER AND DIRECTOR

    Total calculated
    $33,540
    From this org
    $33,540
    From related orgs
    $0
    Other
    $0
    Hours/week
    15
  • Gwen Plauche

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Pamper Crangle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Allen Scales

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Shawn Gilbert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Lauren Luckhart

    SECRETARY BOARD MEMBER

    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

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • FRUITFUL NETWORK LLC

    WIREFUNDS · WY · assets $31,564

    Directly controlled by 1040 CONNECTIONS

Provenance

Return type
form_990
Tax year
2023
Filed
16 August 2024
IRS schema version
2023v5.1
Source object
202402299349301330

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