Theodyssey Group

EIN 20-2693286 Religious organization Santa Clara, CA NTEE X20
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Revenue & expenses by yearFY2021–FY2025
Revenue
$304K
FY2025▼ -12%
Expenses
$371K
FY2025▼ -4%

Form 990 for the fiscal year ending July 2025 (IRS tax year 2024).


Guides Christ-followers in whole-life spiritual formation. For fiscal year 2025 it reported $304K in revenue, $371K in expenses, and $61K in net assets.Pt I

Type
Religious organization · Religion
Location
Santa Clara, CA
Website
www.theodyssey.org
Filings
5 on file (2021–2025)
Revenue
$304KFY2025
Expenses
$371K
Net assets
$61K
People
7
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Provided by the organization

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Size
$100K–1M
What they do
Guides Christ-followers in whole-life spiritual formation.
Leadership
David Smith · President & CEO · $110K
Money in and out
$304K revenue, $371K expenses
Bottom line
78% program efficiency

What Funders Ask

From IRS filings

Tax-deductible?

good Yes

Per the IRS master file. Details →

Can I give now?

good No revocation on IRS record

Not on the IRS revocation list. Details →

Filing up to date?

good Filed FY2024 (typical filing lag)

Details →

Foundation funders?

good 5 funders, incl. Donor Advised Charitable Giving INC

$80K in the latest grant year. Details →

Spent on programs?

good 78% to programs

Form 990 Part IX, latest filing. Details →

Size and trend

$100K–1M

↓ -12% vs prior year Details →

Where the money goes · FY2025
Total revenue
$304K
Pt VIII · Ln 12
Total expenses
$371K
Pt IX · Ln 25
Net assets
$61K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$67K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.22 Fundraising $0.00
Program efficiency
78%
of spending reaches programs▲ +6% vs prior filing year
Operating runway
1.9mo
months of highly liquid reserves at operating expense rate▼ -50% vs prior filing year
Surplus margin
-22%
revenue over expenses, this year▼ -83% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$67K
FY2025▼ -49%
Total liabilities
$6K
FY2025▲ +62%
Revenue less expensesPt I · Ln 19−$67K
Total assetsPt X · Ln 16$67K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CTheodyssey Group
EINHdr · item D20-2693286
Principal addressHdr · item CSanta Clara, CA
WebsiteHdr · item Jwww.theodyssey.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFJan 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President & CEO
$110,196Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

David Smith’s $110K as President & CEO is at the 92nd percentile of top reported officer pay among 2132 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
David Smith$110,196$94,919$99,574$99,046$97,104

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $287K of program spending, described in the organization's own filed words · FY2024.
01

LEADERSHIP DEVELOPMENT During 2024-25, we continued to train and support leaders both online and in person, in large and small-group settings. This support included online boot camps, mentoring workshops, and a leaders growth forum.

$115Kprogram expense
02

LEADERSHIP RESOURCES/PUBLISHING In 2024-25, we continued supporting the distribution of our Spanish translation of Five Misadventures in the Christian Life. We also developed and promoted a 10-part weekly online fall study integrated with small groups, called When We Pray." A new series of four six-week learning modules for in-depth…

$86Kprogram expense
03

SMALL GROUPS Small groups focused on various studies and topics meet across the country. Our staff was deeply involved in extensive planning, recruiting leaders, training, developing leadership tools, and coaching frontline ministry leaders.

$86Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$287K · 95%
Program service revenue$16K · 5%
Contributions & grants95%$287K
Program service revenue5%$16K
Investment income$935
Total revenueLn 12$304K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.22 Fundraising $0.00
Program services78%$287K
Management & general22%$82K
Fundraising$2K
Total functional expensesLn 25$371K

Balance Sheet

Part X · end of year
CashLn 1$60K
Total assetsLn 16$67K
Total liabilitiesLn 26$6K
Total net assetsLn 32$61K
Months of cash on handcomputed1.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $60K · Operating expenses/yr $371K
1.9 months
Where the money goes
Program services
Program services $287K · Total expenses $371K
78%
Management & General
Management & general $82K · Total expenses $371K
22%
Fundraising
Fundraising $2K · Total expenses $371K
0.4%
Cost to raise $1
Fundraising expense (3-yr avg) $7K · Solicited contributions (3-yr avg) $311K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $287K · Total revenue $304K
95%
Government reliance
Government grants — · Total revenue $304K
—
Earned-income share
Program service revenue $16K · Total revenue $304K
5%
Investment reliance
Investment income $935 · Total revenue $304K
+0.3%
Program self-sufficiency
Program service revenue $16K · Total expenses $371K
4%
Growth & trend
Revenue growth (YoY)
This year $304K · Prior year $346K
-12%
Revenue CAGR
FY2020 $302K · FY2024 $304K
+0.2%
Net-asset trend (YoY)
End of year $61K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $304K · Expenses $371K
-22%
Liabilities-to-Assets
Total liabilities — · Total assets $67K
—
Net-asset ratio
Net assets $61K · Total assets $67K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $67K
0%
People & payroll
Highest Reported Total Compensation
Individual David Smith · Reported title President & CEO · Highest reported compensation $110K · Total expenses $371K
30%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $287K · Total expenses $371K
78%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%——
Overhead ratio 22%——
Fundraising cost ratio 0.5%——
Revenue growth -12%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 3%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$304K revenue · viewing · ⤓ 990 PDF
FY2024$346K revenue · ⤓ 990 PDF
FY2023$338K revenue · ⤓ 990 PDF
FY2022$308K revenue · ⤓ 990 PDF
FY2021$302K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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