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Nonprofiteer
← SINAPIS GROUP

Form 990 for tax year 2022

Filed by SINAPIS GROUP.

Totals

Total revenue
$2,683,190
Total expenses
$2,748,849
Contributions and grants received
$2,679,593
Grants paid
$1,805,619
Program service revenue
$0
Investment income
$0
Other revenue
$3,597
Total assets, end of year
$1,027,888
Total liabilities, end of year
$56,657
Net assets or fund balances, end of year
$971,231
Program services expenses (Part IX)
$2,312,796
Management and general expenses
$225,591
Fundraising expenses
$210,462
Program service expenses (Part III)
$2,312,796

Program services were 84.1% 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

    $2,679,593

  • 1g · Noncash contributions included above

    $5,219

  • 11a · Other revenue: LICENSING FEES

    total $3,597 · related or exempt $3,597

  • 11e · Other revenue, total

    $3,597

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $1,805,619 · program services $1,805,619

  • 5 · Compensation of officers, directors and key employees

    total $159,527 · program services $87,740 · management and general $15,953 · fundraising $55,834

  • 7 · Other salaries and wages

    total $350,796 · program services $211,205 · management and general $88,096 · fundraising $51,495

  • 8 · Pension plan contributions

    total $8,449 · program services $5,328 · management and general $2,113 · fundraising $1,008

  • 9 · Other employee benefits

    total $3,840 · program services $2,427 · management and general $969 · fundraising $444

  • 10 · Payroll taxes

    total $43,712 · program services $26,329 · management and general $8,625 · fundraising $8,758

  • 11c · Fees: accounting

    total $24,997 · management and general $24,997

  • 11e · Fees: professional fundraising services

    total $33,524 · fundraising $33,524

  • 11g · Fees: other

    total $18,592 · program services $15,225 · fundraising $3,367

  • 12 · Advertising and promotion

    total $4,181 · fundraising $4,181

  • 13 · Office expenses

    total $17,538 · management and general $12,194 · fundraising $5,344

  • 14 · Information technology

    total $5,640 · program services $579 · fundraising $5,061

  • 16 · Occupancy

    total $23,529 · management and general $23,529

  • 17 · Travel

    total $80,320 · program services $58,268 · management and general $9,642 · fundraising $12,410

  • 23 · Insurance

    total $4,932 · management and general $4,932

  • 24a · Other expenses: CURRICULUM

    total $88,586 · program services $88,586

  • 24b · Other expenses: STAFF RECRUITING

    total $23,103 · program services $9,328 · management and general $13,775

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $20,668 · management and general $14,208 · fundraising $6,460

  • 24d · Other expenses: FUNDRAISING

    total $17,357 · fundraising $17,357

  • 24e · All other expenses

    total $13,939 · program services $2,162 · management and general $6,558 · fundraising $5,219

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,001,545 · end of year $971,617

  • 3 · Pledges and grants receivable

    beginning of year $27,268 · end of year $8,802

  • 4 · Accounts receivable

    beginning of year $12,067 · end of year $12,067

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,336 · end of year $35,402

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,892 · end of year $56,657

  • 19 · Deferred revenue

    beginning of year $6,434

  • 27 · Net assets without donor restrictions

    beginning of year $1,011,720 · end of year $954,069

  • 28 · Net assets with donor restrictions

    beginning of year $25,170 · end of year $17,162

Mission and programs · 2022

Mission

SINAPIS OFFERS BUSINESS TRAINING, ACCELERATION AND ADVISORY SERVICES, AND ONGOING ALUMNI COMMUNITY TO EQUIP EMERGING AND FRONTIER MARKET ENTREPRENEURS TO INTEGRATE THEIR FAITH INTO THEIR WORK AND GROW BUSINESSES THAT CAN CREATE ECONOMIC, SOCIAL, AND SPIRITUAL IMPACT.

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 8,200 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 $1,172,377 · Grants $678,639 · Revenue $3,597

  • MANAGER OF THE KENYA CATALYTIC JOB FUND, A UK AID FUNDED PROGRAM DESIGNED TO TEST AND SUPPORT INNOVATIVE ENTERPRISES THAT HAVE THE POTENTIAL TO CATALYZE JOB CREATION FOR THE YOUTH AND VULNERABLE POPULATIONS IN KENYA, AT SCALE.

    Expenses $1,140,419 · Grants $1,126,980

As filed on the 2022 return.

Listed in Part VII

  • Steve Cesler

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Courtney Mills

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Lisa Allgood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jane Overstreet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Karibu Nyaggah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ken Ikiara

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Josh Ruyle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matthew Rohrs

    CEO

    Total calculated
    $159,527
    From this org
    $152,771
    From related orgs
    $0
    Other
    $6,756
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,271
    Bonus
    $12,500
    Other
    $0
    Deferred
    $4,583
    Nontaxable benefits
    $2,173
    Filer's total
    $159,527

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
2022
Filed
4 August 2023
IRS schema version
2022v5.0
Source object
202343199349320894

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