Seventh Generation Initiative: Nonprofit Profile, Financials & Form 990 (EIN 20-0863253)

Revenue by fiscal year
FY2019	$610K
FY2021	$689K

Expenses by fiscal year
FY2019	$616K
FY2021	$829K

Net assets by fiscal year
FY2019	−$136K
FY2021	−$450K

Is it real?

Yes. Exemption reinstated (2010-05-15). Per the IRS revocation list. Latest filing we have: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

79%

21%

Program services 79% · $652K Management & general 21% · $177K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation

Walt Boney

Board Member

$0Pt VII · Sec A

Michael Soud

Chief Exec.

$0Pt VII · Sec A

See Seventh Generation Initiative executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Spreads Christian faith through evangelism, education, and community centers for children and families.

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1 program · $635K · in their own filed words · FY2021

01

To impart knowledge, values, and behaviors consistent with the christian faith through evangelism and education by establishing new churches, preschools and family development centers to serve children and families in multiple communities.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0863253) · Dispute this line

$635Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$689K

Ln 12

Fees for servicesLn 2g$614K

Gifts and grantsLn 1h$75K

Investment incomeLn 3$7

Money outPt IX

$829K

Ln 25

Programscol B$652K

Managementcol C$177K

Owns and owesPt X

−$450K

net assets · Ln 32

Cash and savingsLn 1–2$225K

Total assetsLn 16$399K

LiabilitiesLn 26$849K

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$75K

Government grantsLn 1e$24K

Fees for servicesLn 2g$614K

Investment incomeLn 3$7

Total revenueLn 12$689K

Assets in detailPt X, end of year

CashLn 1$225K

Cash and savings togetherLn 1–2$225K

Other assetsLn 15$174K

Total assetsLn 16$399K

LiabilitiesLn 26$849K

Net assetsLn 32−$450K

OperationsPt I, VI

EmployeesI 516

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$5K	$225K
Total assetsLn 16	$191K	$399K
LiabilitiesLn 26	$502K	$849K
Net assetsLn 32	−$310K	−$450K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$335K	$335K
Other employee benefitsLn 9	$6K	$6K
Payroll taxesLn 10	$22K	$22K
Legal feesLn 11b	$9K		$9K
Accounting feesLn 11c	$550	$550
Advertising and promotionLn 12	$1K		$1K
Office expensesLn 13	$4K		$4K
Conferences, conventions and meetingsLn 19	$64		$64
Depreciation, depletion and amortizationLn 22	$17K	$17K
InsuranceLn 23	$19K		$19K
Other expenses (24a–d)Ln 24	$295K	$190K	$105K
All other expensesLn 24e	$120K	$81K	$38K
Total functional expensesLn 25	$829K	$652K	$177K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2021 Latest ViewingFiled with the IRS Feb 15, 2023	$689K	$829K	−$140K	−$450K	990 PDF
FY2020	Not on file
FY2019Filed with the IRS Mar 19, 2021	$610K	$616K	−$6K	−$136K	990 PDF

Schedules filed Part IV

I · Grants O · Explanations

See the full FY2021 990

Part I · Summary $689,163 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $106,186$75,015

I-9 Program service revenuePrior year $335,466$614,141

I-10 Investment income$7

I-11 Other revenue$0

I-12 Total revenuePrior year $441,652$689,163

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $248,892$363,441

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $366,950$465,721

I-18 Total expensesPrior year $615,842$829,162

I-19 Revenue less expensesPrior year −$174,190−$139,999

Part VI · Governance 2 of 2 board members independent, 4 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members2

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $689,163 across 6 lines filed

VIII-1e Government grants$23,520

VIII-1f All other contributions, gifts and grants$51,495

VIII-1h Total contributions, gifts and grants$75,015

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $614,141$614,141

VIII-3 Investment incomeRelated to mission $7$7

VIII-12 Total revenueRelated to mission $614,148$689,163

Part IX · Statement of functional expenses $829,162 across 12 lines filed

IX-7 Other salaries and wagesPrograms $335,263$335,263

IX-9 Other employee benefitsPrograms $6,187$6,187

IX-10 Payroll taxesPrograms $21,991$21,991

IX-11b Legal feesManagement $9,100$9,100

IX-11c Accounting feesPrograms $550$550

IX-12 Advertising and promotionManagement $1,324$1,324

IX-13 Office expensesManagement $4,421$4,421

IX-19 Conferences, conventions and meetingsManagement $64$64

IX-22 Depreciation, depletion and amortizationPrograms $17,219$17,219

IX-23 InsuranceManagement $18,748$18,748

IX-24 Other expenses (24a–d)Programs $189,758 · Management $105,036$294,794

IX-24e All other expensesPrograms $81,072 · Management $38,429$119,501

IX-25 Total functional expensesPrograms $652,040 · Management $177,122 · Fundraising $0$829,162

Part X · Balance sheet $398,981 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $5,131$224,550

X-15 Other assetsStart of year $186,143$174,431

X-16 Total assetsStart of year $191,274$398,981

X-25 Other liabilitiesStart of year $501,739$849,445

X-26 Total liabilitiesStart of year $501,739$849,445

X-31 Retained earnings or endowmentStart of year −$310,465−$450,464

X-32 Total net assets or fund balancesStart of year −$310,465−$450,464

X-33 Total liabilities and net assetsStart of year $191,274$398,981

Part XI · Reconciliation of net assets −$450,464 net assets at year end

XI-1 Total revenue$689,163

XI-2 Total expenses$829,162

XI-3 Revenue less expenses−$139,999

XI-4 Net assets at start of year−$310,465

XI-10 Net assets at end of year−$450,464

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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Seventh Generation Initiative

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