Totals
- Total revenue
- $4,943,728
- Total expenses
- $11,768,632
- Contributions and grants received
- $5,028,170
- Grants paid
- $11,427,665
- Program service revenue
- $0
- Investment income
- -$77,464
- Other revenue
- -$6,978
- Total assets, end of year
- $16,282,082
- Total liabilities, end of year
- $90,300
- Net assets or fund balances, end of year
- $16,191,782
- Program services expenses (Part IX)
- $11,588,285
- Management and general expenses
- $180,347
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $11,588,285
Program services were 98.5% 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
$5,028,170
-
1g · Noncash contributions included above
$4,841,424
-
3 · Investment income
total $11,791 · excluded $11,791
-
6a · Gross rents
real property $6,678
-
6b · Less rental expenses
real property $13,656
-
6c · Rental income or loss
real property -$6,978
-
6d · Net rental income or loss
total -$6,978 · excluded -$6,978
-
7a · Gross sales of assets other than inventory
other assets $5,256,811
-
7b · Less cost or other basis and sales expenses
other assets $5,346,066
-
7c · Gain or loss
other assets -$89,255
-
7d · Net gain or loss
total -$89,255 · excluded -$89,255
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $11,427,665 · program services $11,427,665
-
11b · Fees: legal
total $2,146 · management and general $2,146
-
11c · Fees: accounting
total $2,231 · management and general $2,231
-
11g · Fees: other
total $175,500 · management and general $175,500
-
13 · Office expenses
total $1,337 · program services $1,312 · management and general $25
-
14 · Information technology
total $973 · program services $973
-
23 · Insurance
total $593 · program services $148 · management and general $445
-
24a · Other expenses: LIFE INSURANCE PREMIUMS
total $157,921 · program services $157,921
-
24b · Other expenses: RECORDING FEES
total $266 · program services $266
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $593,895 · end of year $586,754
-
2 · Savings and temporary cash investments
end of year $657,284
-
4 · Accounts receivable
beginning of year $56,409
-
7 · Other notes and loans receivable
beginning of year $50,000
-
10a · Land, buildings and equipment: cost or other basis
$995,300
-
10c · Land, buildings and equipment, net
beginning of year $1,115,000 · end of year $995,300
-
11 · Investments: publicly traded securities
beginning of year $350,200
-
12 · Investments: other securities
beginning of year $7,642,655 · end of year $7,786,355
-
15 · Other assets
beginning of year $12,246,507 · end of year $6,256,389
-
19 · Deferred revenue
beginning of year $7,500
-
25 · Other liabilities
beginning of year $92,520 · end of year $90,300
-
27 · Net assets without donor restrictions
beginning of year $21,954,646 · end of year $16,191,782
Mission and programs · 2023
Mission
THE ORGANIZATION'S MISSION IS TO ENABLE DONATIONS OF ASSETS TO FUND CAUSES BENEFITING THOSE IN NEED. VERTUASSETS REACHES INDIVIDUALS AND BUSINESSES THAT HAVE A DESIRE TO GIVE CHARITABLY FROM THEIR WEALTH BY DONATING APPRECIATED ASSETS SO THAT MORE FINANCIAL RESOURCES MAY BE GIVEN TO NON PROFIT ORGANIZATIONS.
Activities or mission (Part I)
ENABLE DONATIONS OF ASSETS TO FUND CAUSES BENEFITING THOSE IN NEED.
-
VERTUASSETS ENABLED DONATIONS OF ASSETS TO FUND CAUSES BENEFITING THOSE IN NEED. VERTUASSETS REACHES INDIVIDUALS AND BUSINESSES THAT HAVE A DESIRE TO GIVE CHARITABLY FROM THEIR WEALTH BY DONATING APPRECIATED ASSETS SO THAT MORE FINANCIAL RESOURCES MAY BE GIVEN TO NON PROFIT ORGANIZATIONS.
Expenses $11,588,285 · Grants $11,427,665
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Pamela PughPAMELA PUGH
PRESIDENT/DIRECTOR
- Total calculated
- $0
- Hours/week
- 30
-
Dana E RingDANA E RING
SECR./TREAS./DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ray TylerRAY TYLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
-
NATIONAL CHRISTIAN CHARITABLE FOUNDATION INC
$10,798,309
GRANT MAKING
-
THE GREAT COMMISSION FOUNDATION
$210,884
EVANGELISM
-
$124,375
GRANT MAKING
-
$105,719
GRANT MAKING
-
$88,228
GRANT MAKING
-
GRANT MAKING
-
GRANT MAKING
-
$11,975
GRANT MAKING
-
GRANT MAKING
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.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
MCISREHLDGS ONE LLC
EXEMPT UNDER 512 · HOLDS RENTAL REAL ESTATE · TX · 99% owned · share of income $240,983 · share of assets $2,243,000
Directly controlled by MCISREHLDGS ONE LLC
-
1210 GOBI LLC
EXEMPT UNDER 512 · HOLDS REAL ESTATE · TX · 98% owned · share of income $294,234 · share of assets $3,937,306
Directly controlled by GOBI LLC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 10 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423159349301507
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