Totals
- Total revenue
- $482,204
- Total expenses
- $752,532
- Contributions and grants received
- $481,260
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $944
- Other revenue
- $0
- Total assets, end of year
- $424,913
- Total liabilities, end of year
- $213,732
- Net assets or fund balances, end of year
- $211,181
- Program services expenses (Part IX)
- $580,109
- Management and general expenses
- $103,455
- Fundraising expenses
- $68,968
- Program service expenses (Part III)
- $580,109
Program services were 77.1% 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.
-
1e · Government grants (contributions)
$481,260
-
3 · Investment income
total $944 · related or exempt $944
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $62,843 · program services $62,843
-
7 · Other salaries and wages
total $408,660 · program services $306,495 · management and general $61,299 · fundraising $40,866
-
9 · Other employee benefits
total $37,983 · program services $28,488 · management and general $5,697 · fundraising $3,798
-
10 · Payroll taxes
total $34,720 · program services $26,040 · management and general $5,208 · fundraising $3,472
-
11c · Fees: accounting
total $7,304 · program services $5,478 · management and general $1,096 · fundraising $730
-
11g · Fees: other
total $746 · program services $559 · management and general $112 · fundraising $75
-
12 · Advertising and promotion
total $3,295 · program services $2,471 · management and general $494 · fundraising $330
-
13 · Office expenses
total $2,024 · program services $1,518 · management and general $304 · fundraising $202
-
16 · Occupancy
total $8,191 · program services $6,143 · management and general $1,229 · fundraising $819
-
17 · Travel
total $22,564 · program services $16,923 · management and general $3,385 · fundraising $2,256
-
20 · Interest
total $892 · program services $669 · management and general $134 · fundraising $89
-
22 · Depreciation, depletion and amortization
total $1,842 · program services $1,382 · management and general $276 · fundraising $184
-
23 · Insurance
total $1,425 · program services $1,068 · management and general $214 · fundraising $143
-
24a · Other expenses: COMPANY/SOFTWARE
total $87,110 · program services $65,332 · management and general $13,067 · fundraising $8,711
-
24b · Other expenses: EVENT
total $53,062 · program services $39,797 · management and general $7,959 · fundraising $5,306
-
24c · Other expenses: GRANT DISTRIBUTION
total $9,150 · program services $6,862 · management and general $1,373 · fundraising $915
-
24d · Other expenses: CONSULTANTS
total $3,100 · program services $2,325 · management and general $465 · fundraising $310
-
24e · All other expenses
total $7,621 · program services $5,716 · management and general $1,143 · fundraising $762
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $699,308 · end of year $392,993
-
8 · Inventories for sale or use
beginning of year $0 · end of year $2,563
-
10a · Land, buildings and equipment: cost or other basis
$4,610
-
10b · Land, buildings and equipment: accumulated depreciation
$4,251
-
10c · Land, buildings and equipment, net
beginning of year -$1,473 · end of year $359
-
15 · Other assets
beginning of year $0 · end of year $28,998
-
24 · Unsecured notes and loans payable
beginning of year $220,000 · end of year $212,949
-
25 · Other liabilities
beginning of year $0 · end of year $783
-
27 · Net assets without donor restrictions
beginning of year $477,835 · end of year $211,181
Mission and programs · 2024
Mission
THE ORGANIZATION PROVIDES INTELLECTUAL AND FINANCIAL CAPITAL TO LOW INCOME/UNDER SERVED ENTREPRENEURS AIDING THEN TO START AND SUSTAIN SUCESSFUL BUSINESSES THAT GLORIFY GOD AND SERVE THEIR NEIGHBORS.
-
ENABLE AND SUPPORT UNDER-SERVED URBAN ENTREPRENUERS IN SMALL BUSINESS DEVELOPMENT AND SUSTAINMENT
Expenses $580,109 · Grants $481,260 · Revenue $944
As filed on the 2024 return.
Listed in Part VII
-
Christopher O WaddellCHRISTOPHER O WADDELL
CEO
- Total calculated
- $0
- Hours/week
- 60
-
Frank KitchenFRANK KITCHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Cheri BondCHERI BOND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Luke BoboLUKE BOBO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Jane DobbsJANE DOBBS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
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
- 2024
- Filed
- 3 July 2025
- IRS schema version
- 2024v5.2
- Source object
- 202531849349300908
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