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Nonprofiteer
← FINISHING FUND MANAGEMENT INC

Form 990 for tax year 2023

Filed by FINISHING FUND MANAGEMENT INC.

Totals

Total revenue
$3,592,751
Total expenses
$2,965,487
Contributions and grants received
$3,592,751
Grants paid
$2,771,004
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,178,787
Total liabilities, end of year
$27,703
Net assets or fund balances, end of year
$1,151,084
Program services expenses (Part IX)
$2,786,426
Management and general expenses
$85,822
Fundraising expenses
$93,239
Program service expenses (Part III)
$2,786,426

Program services were 94.0% 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

    $3,592,751

  • 1g · Noncash contributions included above

    $20,331

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,771,004 · program services $2,771,004

  • 6 · Compensation of disqualified persons

    total $16,777 · management and general $16,777

  • 11c · Fees: accounting

    total $17,850 · management and general $17,850

  • 11g · Fees: other

    total $63,894 · program services $7,511 · management and general $24,265 · fundraising $32,118

  • 13 · Office expenses

    total $73 · management and general $73

  • 17 · Travel

    total $41,785 · program services $7,413 · management and general $24,150 · fundraising $10,222

  • 24a · Other expenses: DONOR CULTIVATION

    total $49,339 · fundraising $49,339

  • 24b · Other expenses: MISCELLANEOUS

    total $2,555 · program services $498 · management and general $497 · fundraising $1,560

  • 24c · Other expenses: Administrative Expenses

    total $2,210 · management and general $2,210

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $523,820 · end of year $1,160,182

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $18,605

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $27,703

  • 27 · Net assets without donor restrictions

    beginning of year $523,820 · end of year $1,151,084

Mission and programs · 2023

Mission

The Finishing Fund is accelerating the completion of the great commission by financing the effort to take the gospel to the people groups and places where it has never been heard.

  • IN 2023 FFM granted $2,771,004 to 26 ministry partners to support projects to send missionaries to people groups and villages around the world who had never before received the gospel.

    Expenses $2,786,426 · Grants $2,771,004

As filed on the 2023 return.

Listed in Part VII

  • Chad Jackson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Dosch

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rod Emery

    Director

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Hayes

    Director

    Total calculated
    $0
    Hours/week
    1

  • Teresa Bachman

    Director

    Total calculated
    $0
    Hours/week
    5

  • Laurie Sellden

    Director

    Total calculated
    $0
    Hours/week
    1

  • Belinda Ellison

    Director

    Total calculated
    $0
    Hours/week
    1

  • Douglas Cobb

    President & Treasurer

    Total calculated
    $0
    Hours/week
    30

  • Steve Wilhite

    Secretary

    Total calculated
    $0
    Hours/week
    5

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
8 July 2024
IRS schema version
2023v5.1
Source object
202441979349300019

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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