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← STRATUM

Form 990 for tax year 2022

Filed by STRATUM.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 12 December 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$2,719,759 changed to $875,098
Total expenses
$1,859,437 changed to $1,750,404
Contributions and grants received
$2,713,153 changed to $873,416
Grants paid
$1,605,127 changed to $1,647,287
Program service revenue
$6,606 changed to $1,630
Investment income
$0 changed to $52
Total assets, end of year
$1,899,382 changed to $1,024,633
Total liabilities, end of year
$3,143 changed to $3,715
Net assets or fund balances, end of year
$1,896,239 changed to $1,020,918
Program services expenses
$1,724,359 changed to $1,696,871
Management and general expenses
$111,199 changed to $46,152
Fundraising expenses
$23,879 changed to $7,381
Program service expenses (Part III)
$1,724,359 changed to $1,696,871

Totals

Total revenue
$2,719,759
Total expenses
$1,859,437
Contributions and grants received
$2,713,153
Grants paid
$1,605,127
Program service revenue
$6,606
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,899,382
Total liabilities, end of year
$3,143
Net assets or fund balances, end of year
$1,896,239
Program services expenses (Part IX)
$1,724,359
Management and general expenses
$111,199
Fundraising expenses
$23,879
Program service expenses (Part III)
$1,724,359

Program services were 92.7% 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.

  • 1f · All other contributions, gifts and grants

    $2,713,153

  • 2a · Program service revenue: INCUBATOR REGISTRATION

    total $6,606 · related or exempt $6,606

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,604,127 · program services $1,604,127

  • 2 · Grants to domestic individuals

    total $1,000 · program services $1,000

  • 5 · Compensation of officers, directors and key employees

    total $72,900 · program services $57,900 · management and general $9,500 · fundraising $5,500

  • 7 · Other salaries and wages

    total $21,624 · program services $4,195 · management and general $16,735 · fundraising $694

  • 10 · Payroll taxes

    total $24,433 · program services $16,685 · management and general $6,659 · fundraising $1,089

  • 11b · Fees: legal

    total $227 · management and general $227

  • 11c · Fees: accounting

    total $6,480 · management and general $6,480

  • 11g · Fees: other

    total $8,304 · program services $5,304 · management and general $3,000

  • 12 · Advertising and promotion

    total $10,546 · fundraising $10,546

  • 13 · Office expenses

    total $4,543 · management and general $4,543

  • 14 · Information technology

    total $631 · management and general $631

  • 16 · Occupancy

    total $42,755 · management and general $42,755

  • 17 · Travel

    total $7,553 · program services $5,706 · management and general $1,130 · fundraising $717

  • 22 · Depreciation, depletion and amortization

    total $2,500 · fundraising $2,500

  • 23 · Insurance

    total $3,279 · management and general $3,279

  • 24a · Other expenses: EVENT EXPENSES

    total $29,442 · program services $29,442

  • 24b · Other expenses: BANK & MERCHANT FEES

    total $16,260 · management and general $16,260

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $2,833 · fundraising $2,833

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,019,775 · end of year $1,885,227

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,880

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

    $10,000

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

    $2,500

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $7,500

  • 15 · Other assets

    beginning of year $0 · end of year $6,655

  • 17 · Accounts payable and accrued expenses

    end of year $3,143

  • 27 · Net assets without donor restrictions

    beginning of year $1,041,655 · end of year $1,896,239

Mission and programs · 2022

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 $1,629,441 · Grants $1,605,127

  • 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 $71,650 · Revenue $6,606

  • 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 $23,268

As filed on the 2022 return.

Listed in Part VII

  • Nicholas Parsons

    PRESIDENT/MANAGING DIRECTOR

    Total calculated
    $40,000
    From this org
    $40,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Bart Garett

    VICE PRESIDENT

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Cindy Collister

    TREASURER

    Total calculated
    $2,900
    From this org
    $2,900
    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

  • SANTA CRUZ BAPTIST

    $132,221

    CATALYTIC FUNDING TO STRENGTHEN AND SUPPORT NEW CHURCHES

  • EDEN CHURCH

    $114,000

    CATALYTIC FUNDING TO STRENGTHEN AND SUPPORT NEW CHURCHES

  • EASTOWN CHURCH

    $106,124

    CATALYTIC FUNDING TO STRENGTHEN AND SUPPORT NEW CHURCHES

  • TAPESTRY CHURCH

    $100,648

    CATALYTIC FUNDING TO STRENGTHEN AND SUPPORT NEW CHURCHES

  • CURRENT SILICON VALLEY

    $99,305

    CATALYTIC FUNDING TO STRENGTHEN AND SUPPORT NEW CHURCHES

  • GOOD SHEPARD LUTHERAN CHURCH

    $99,212

    CATALYTIC FUNDING TO STRENGTHEN AND SUPPORT NEW CHURCHES

  • NEW CITY CHURCH

    $98,947

    CATALYTIC FUNDING TO STRENGTHEN AND SUPPORT NEW CHURCHES

  • NEW VALLEY CHURCH

    $98,701

    CATALYTIC FUNDING TO STRENGTHEN AND SUPPORT NEW CHURCHES

  • RISEN CHURCH

    $72,271

    CATALYTIC FUNDING TO STRENGTHEN AND SUPPORT NEW CHURCHES

  • QUICKSILVER CHURCH

    $63,057

    CATALYTIC FUNDING TO STRENGTHEN AND SUPPORT NEW CHURCHES

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

Provenance

Return type
form_990
Tax year
2022
Filed
1 September 2023
IRS schema version
2022v5.0
Source object
202322489349301747

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

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