Totals
- Total revenue
- $75,000
- Total expenses
- $1,332
- Contributions and grants received
- $75,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $73,668
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $73,668
- Program services expenses (Part IX)
- $1,100
- Management and general expenses
- $232
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,100
Program services were 82.6% 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
$75,000
Functional expenses
Part IX, the statement of functional expenses.
-
12 · Advertising and promotion
total $220 · program services $13 · management and general $207
-
13 · Office expenses
total $25 · management and general $25
-
24a · Other expenses: EVENTS
total $1,087 · program services $1,087
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $73,668
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $73,668
Mission and programs · 2022
Mission
WE PROVIDE CAPITAL, CONNECTIONS, AND CONTENT TO CHRISTIAN ENTREPRENEURS FOR THE PURPOSE OF CREATING A GENERATIVE ECOSYSTEM OF KINGDOM-MINDED BUSINESSES EMPOWERED BY THE CHURCH TO SERVE THE CITY.
Activities or mission (Part I)
CREATING A GENERATIVE ECOSYSTEM OF KINGDOM-MINDED BUSINESSES, EMPOWERED BY THE CHURCH, TO SERVE THE CITY.
-
WE PROVIDE FINANCIAL CAPITAL, COACHING, AND CONTENT TO UNDERSERVED CHRISTIAN ENTREPRENEURS. WE BEGAN ISSUING LOANS AT LOW-INTEREST RATES AND COMBINING THEM WITH COACHING VIA 1-ON-1 MENTORSHIP AND ONGOING CURRICULUM TO HELP BUSINESS OWNERS PERSEVERE THROUGH TOUGH TIMES AND GROW IN THEIR FAITH AND BUSINESSES. WHAT STARTED AS AN INITIAL CLASS OF 6 BUSINESSES IS NOW A PROGRAM FOCUSED ON ESTABLISHING A PROGRAM TO OFFER CAPITAL, MEANINGFUL COMMUNITY, AND CONTENT TO TANGIBLY HELP SMALL BUSINESSES WHO HAVE HISTORICALLY LACKED ACCESS TO CAPITAL AND TO HELP BUSINESS OWNERS INTEGRATE THEIR WORK AND FAITH WITH THE CONVICTION THAT GOOD BUSINESS IS GREAT FOR THE COMMUNITIES THEY ALREADY OPERATE IN.
Expenses $1,100
As filed on the 2022 return.
Listed in Part VII
-
Revdr Daryl HortonREVDR DARYL HORTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dr Caroline BartaDR CAROLINE BARTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Steve TengSTEVE TENG
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 40
-
Eric StumbergERIC STUMBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Denise PierceDENISE PIERCE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Jessica SperlingJESSICA SPERLING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Archbishopdr Sterling Lands IIARCHBISHOPDR STERLING LANDS II
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Chris TurnleyCHRIS TURNLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mark GibsonMARK GIBSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Wesley FangWESLEY FANG
DIRECTOR OF OPERATIONS
- Total calculated
- $0
- Hours/week
- 2
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 25 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202311459349301371
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