Totals
- Total revenue
- $8,493,848
- Total expenses
- $8,758,874
- Contributions and grants received
- $8,328,528
- Grants paid
- $2,917,781
- Program service revenue
- $24,315
- Investment income
- $139,131
- Other revenue
- $1,874
- Total assets, end of year
- $6,288,568
- Total liabilities, end of year
- $39,624
- Net assets or fund balances, end of year
- $6,248,944
- Program services expenses (Part IX)
- $8,287,501
- Management and general expenses
- $283,013
- Fundraising expenses
- $188,360
- Program service expenses (Part III)
- $8,287,501
Program services were 94.6% 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
$8,328,528
-
1g · Noncash contributions included above
$105,434
-
2a · Program service revenue: Equipping Leaders
total $24,315 · related or exempt $24,315
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $139,131 · excluded $139,131
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11a · Other revenue: Miscellanous Income
total $1,874 · excluded $1,874
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$1,874
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $215,975 · program services $215,975
-
2 · Grants to domestic individuals
total $25,000 · program services $25,000
-
3 · Grants to foreign organizations and individuals
total $2,676,806 · program services $2,676,806
-
6 · Compensation of disqualified persons
total $198,729 · program services $83,029 · management and general $84,794 · fundraising $30,906
-
11c · Fees: accounting
total $56,933 · management and general $56,933
-
11g · Fees: other
total $5,025,121 · program services $4,832,026 · management and general $87,453 · fundraising $105,642
-
13 · Office expenses
total $43,975 · program services $10,464 · management and general $24,365 · fundraising $9,146
-
17 · Travel
total $206,841 · program services $152,581 · management and general $13,541 · fundraising $40,719
-
19 · Conferences, conventions and meetings
total $3,000 · management and general $3,000
-
23 · Insurance
total $1,173 · management and general $1,173
-
24a · Other expenses: Bad Debt
total $290,662 · program services $290,662
-
24b · Other expenses: Misc Expense
total $14,659 · program services $958 · management and general $11,754 · fundraising $1,947
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $295,631 · end of year $224,283
-
2 · Savings and temporary cash investments
beginning of year $2,466,630 · end of year $2,932,144
-
3 · Pledges and grants receivable
beginning of year $375,000 · end of year $79,000
-
4 · Accounts receivable
beginning of year $432,200 · end of year $15,294
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
end of year $522,524
-
9 · Prepaid expenses and deferred charges
end of year $100
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $2,971,562 · end of year $2,515,223
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $24,847 · end of year $39,624
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $149,422 · end of year $880,758
-
28 · Net assets with donor restrictions
beginning of year $6,366,754 · end of year $5,368,186
Mission and programs · 2023
Mission
Friends of Agape exists to help fulfill Jesus' Great Commission globally by helping to strengthen churches and by practicing Jesus' Great Commandment through acts of love and mercy.
Activities or mission (Part I)
Strengthening churches, training, Bible translation, serving the poor.
-
Engaging the Scripture-less, assisting church networks to apply accelerated models of Bible translation and distribution in print, audio, and video formats.
Expenses $5,032,016 · Grants $329,074
-
Strengthening Churches to be biblically grounded and committed to Jesus' Great Commandment and Great Commission.
Expenses $1,662,341 · Grants $1,605,405 · Revenue $24,315
-
Equipping Leaders through annual biblical and management training.
Expenses $982,838 · Grants $461,994
-
Other Program services include emergency relief support and sponsoring networking meetings among church denominations and church networks.
Expenses $520,567 · Grants $521,308
-
Empowering the Poor is accomplished primarily through children's education and provision of work skills development.
Expenses $89,739
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Harold Overstreet
Board Chairman
- Total calculated
- $0
- Hours/week
- 3
-
Ryan Koeniger
Board Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Jennifer Coghlan
Board Member
- Total calculated
- $0
- Hours/week
- 3
-
Ken Axt
Board Member
- Total calculated
- $0
- Hours/week
- 3
-
Name Withheld Due to Security Concerns
Board Member
- Total calculated
- $0
- Hours/week
- 3
-
Rosamma Finney
Board Member
- Total calculated
- $0
- Hours/week
- 3
-
Ryan Paterson
Board Member
- Total calculated
- $0
- Hours/week
- 3
-
Bob Dinolfo
Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
Stephen Hoffman
Executive Director
- Total calculated
- $0
- Hours/week
- 25
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
-
Name Withheld Due to Security Concerns
$215,975
Church planting, equipping leaders and bible translation
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402499349301310
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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