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Nonprofiteer
← COMPASS FINANCES GOD S WAY INC

Form 990 for tax year 2023

Filed by COMPASS FINANCES GOD S WAY INC.

Totals

Total revenue
$1,242,725
Total expenses
$1,215,723
Contributions and grants received
$1,150,332
Grants paid
$0
Program service revenue
$0
Investment income
$2,854
Other revenue
$89,539
Total assets, end of year
$1,572,544
Total liabilities, end of year
$278,278
Net assets or fund balances, end of year
$1,294,266
Program services expenses (Part IX)
$912,651
Management and general expenses
$303,072
Fundraising expenses
$0
Program service expenses (Part III)
$912,651

Program services were 75.1% 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

    $1,150,332

  • 3 · Investment income

    total $2,854 · related or exempt $2,854

  • 5 · Royalties

    total $2,918 · excluded $2,918

  • 10a · Gross sales of inventory

    $133,032

  • 10b · Cost of goods sold

    $51,015

  • 10c · Net income from sales of inventory

    total $82,017 · related or exempt $82,017

  • 11a · Other revenue: ADMINISTRATIVE FEE

    total $4,604 · related or exempt $4,604

  • 11e · Other revenue, total

    $4,604

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $578,051 · program services $433,538 · management and general $144,513

  • 10 · Payroll taxes

    total $44,233 · program services $33,175 · management and general $11,058

  • 11b · Fees: legal

    total $14,805 · management and general $14,805

  • 11c · Fees: accounting

    total $1,944 · management and general $1,944

  • 12 · Advertising and promotion

    total $31,522 · management and general $31,522

  • 13 · Office expenses

    total $5,775 · program services $4,330 · management and general $1,445

  • 14 · Information technology

    total $8,701 · program services $6,525 · management and general $2,176

  • 16 · Occupancy

    total $8,041 · program services $6,031 · management and general $2,010

  • 17 · Travel

    total $256,056 · program services $192,042 · management and general $64,014

  • 22 · Depreciation, depletion and amortization

    total $973 · program services $729 · management and general $244

  • 23 · Insurance

    total $53,624 · program services $40,217 · management and general $13,407

  • 24a · Other expenses: SPECIALIST STIPEND

    total $48,000 · program services $48,000

  • 24b · Other expenses: MATERIAL DEVELOPMENT

    total $36,873 · program services $36,873

  • 24c · Other expenses: COMPUTER SUPPLIES & EXPEN

    total $28,957 · program services $21,718 · management and general $7,239

  • 24d · Other expenses: DONATED MATERIALS

    total $14,749 · program services $14,749

  • 24e · All other expenses

    total $83,419 · program services $74,724 · management and general $8,695

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,322,250 · end of year $1,150,852

  • 4 · Accounts receivable

    beginning of year $2,975 · end of year $716

  • 8 · Inventories for sale or use

    beginning of year $41,099 · end of year $62,409

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

    $17,212

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

    $14,891

  • 10c · Land, buildings and equipment, net

    beginning of year $3,294 · end of year $2,321

  • 15 · Other assets

    beginning of year $175,937 · end of year $356,246

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,631 · end of year $3,868

  • 25 · Other liabilities

    beginning of year $271,660 · end of year $274,410

  • 27 · Net assets without donor restrictions

    beginning of year $843,413 · end of year $1,059,350

  • 28 · Net assets with donor restrictions

    beginning of year $423,851 · end of year $234,916

Mission and programs · 2023

Mission

THE PURPOSE OF THIS ORGANIZATION IS TO EQUIP PEOPLE WORLDWIDE TO FAITHFULLY APPLY GOD'S FINANCIAL PRINCIPLES SO THEY MAY KNOW CHRIST MORE INTIMATELY, BE FREE TO SERVE HIM AND HELP FUND THE GREAT COMMISSION.

  • THE ORGANIZATION UTILIZES A VARIETY OF METHODS. THE MINISTRY'S PRIMARY FOCUS IS TO FACILITATE SMALL GROUP BIBLE STUDIES. ALL STUDIES ARE DESIGNED TO EDUCATE ON WHAT GOD SAYS ABOUT MONEY (IN THE BIBLE), AND TO HELP PEOPLE APPLY BIBLICAL FINANCIAL PRINCIPLES TO THEIR LIVES, MARRIAGES, BUSINESSES, AND FAMILIES. THE MINISTRY UTILIZES OFFLINE AND ONLINE DELIVERY METHODS, INCLUDING SOCIAL MEDIA.

    Expenses $911,922

  • THE ORGANIZATION UTILIZES A VARIETY OF METHODS. THE MINISTRY'S PRIMARY FOCUS IS TO FACILITATE SMALL GROUP BIBLE STUDIES. ALL STUDIES ARE DESIGNED TO EDUCATE ON WHAT GOD SAYS ABOUT MONEY (IN THE BIBLE), AND TO HELP PEOPLE APPLY BIBLICAL FINANCIAL PRINCIPLES TO THEIR LIVES, MARRIAGES, BUSINESSES, AND FAMILIES. THE MINISTRY UTILIZES OFFLINE AND ONLINE DELIVERY METHODS, INCLUDING SOCIAL MEDIA.

    Expenses $729

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian Holtz

    COO

    Total calculated
    $99,750
    From this org
    $99,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Kyle Hasbrouck

    VICE PRESIDE

    Total calculated
    $94,500
    From this org
    $94,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Brandon Sieben

    CEO

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Howard L Dayton Jr

    CHAIRMAN OF

    Total calculated
    $0
    Hours/week
    10

  • Timothy J Manor

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Paul F Rahill

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tim Wright

    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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

  • GIVE SAVE & SPEND LLC

    LICENSE · FL

    Directly controlled by COMPASS

Provenance

Return type
form_990
Tax year
2023
Filed
20 September 2024
IRS schema version
2023v5.0
Source object
202412649349300321

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