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Sinapis Group INC

Tax-deductible

Indianapolis, IN501(c)(3)Since 2009Education EIN 27-1549182Revenue $3.2M in FY2025

On file with the IRSsinapis.org8888 Keystone Xing Ste 1300, 46240-4600 · Indianapolis, INTax-exempt since Jul 2010Publicly supported charity — 170(b)(1)(A)(vi)

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Sinapis accelerates local entrepreneurs in frontier market economies to launch and grow profitable kingdom businesses. These companies build the economy and alleviate poverty by creating jobs.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 8 volunteers and 11 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $141K a year · 6% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$276K
to officers and key staff · 11% of spending
Top officer’s pay higher than 67% of similar orgs
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$16K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.2M
+30% vs prior year
Spent
$2.6M
To programs
77%
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$3.2M
FY2025▲ +30%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$2.8M
FY2022$2.7M
FY2023$2.4M
FY2024$2.4M
FY2025$3.2M
Expenses
$2.6M
FY2025▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$2.8M
FY2022$2.7M
FY2023$2.5M
FY2024$2.3M
FY2025$2.6M
Net assets
$1.5M
FY2025▲ +53%
Tap a bar for its year
Net assets by fiscal year
FY2020$930K
FY2021$1.0M
FY2022$971K
FY2023$880K
FY2024$996K
FY2025$1.5M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2010.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $2.0M Management & general 8% · $205K Fundraising 15% · $398K

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

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Who runs it and what they're paid

10 people listed on the 990; $276K paid to officers and key staff.

Part VII, Section A · reportable compensation
$154,971Pt VII · Sec A
Sylvia Bracquine
Managing Director of Operations
$120,960Pt VII · Sec A
Ken Ikiara
Director
$0Pt VII · Sec A
Josh Ruyle
Director (thru 12/25)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Sunru Yong
Director
$0Pt VII · Sec A
Courtney Mills
Director (thru 3/25)
$0Pt VII · Sec A

Matthew Rohrs’s $155K as CEO is at the 67th percentile of top reported officer pay among 3394 $1–10M education 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Matthew Rohrs$154,971$149,902$145,768$152,771$132,250$137,000
Sylvia Bracquine$120,960$115,500————

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.

See Sinapis Group INC executive salaries →

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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 15aYes

Programs and updates

Empowers entrepreneurs with training, mentorship, and capital to build businesses creating social and spiritual impact.

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Provided by the organization

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1 program · $2.0M · in their own filed words · FY2025
01

Sinapis has trained and accelerated over 4,000 entrepreneurs in frontier market economies, these program graduates have created over 16,000 new jobs, impacting over 530,000 lives. Our alumni have also secured more than $120m in investment capital.

$2.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Tyndale House MinistriesFY2025$20K
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.2M
Ln 12
Gifts and grantsLn 1h$3.0M
Fees for servicesLn 2g$112K
Other incomeLn 4–11$10K
Money outPt IX
$2.6M
Ln 25
Programscol B$2.0M
Managementcol C$205K
Fundraisingcol D$398K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$596K
Total assetsLn 16$1.5M
LiabilitiesLn 26$16K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.0M
Government grantsLn 1e$98K
Noncash giftsLn 1g$38K
Fees for servicesLn 2g$112K
Other incomeLn 4–11$10K
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$263K
SavingsLn 2$333K
Cash and savings togetherLn 1–2$596K
Total assetsLn 16$1.5M
LiabilitiesLn 26$16K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 511
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$286K$596K
Total assetsLn 16$1.0M$1.5M
LiabilitiesLn 26$6K$16K
Net assetsLn 32$996K$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$1.1M$1.1M
Pay of current officers, directors and key staffLn 5$174K$70K$17K$87K
Other salaries and wagesLn 7$528K$322K$53K$153K
Pension plan contributionsLn 8$6K$4K$639$1K
Other employee benefitsLn 9$36K$22K$4K$10K
Payroll taxesLn 10$52K$29K$5K$17K
Accounting feesLn 11c$12K$12K
Professional fundraising feesLn 11e$52K$52K
Other fees for servicesLn 11g$169K$143K$13K$12K
Office expensesLn 13$39K$35K$4K
Information technologyLn 14$4K$4K
TravelLn 17$34K$14K$3K$16K
Conferences, conventions and meetingsLn 19$205K$205K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$199K$102K$56K$42K
All other expensesLn 24e$5K$2K$3K
Total functional expensesLn 25$2.6M$2.0M$205K$398K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $3.2M$2.6M$527K$1.5M 990 PDF
FY2024 $2.4M$2.3M$117K$996K 990 PDF
FY2023 $2.4M$2.5M−$92K$880K 990 PDF
FY2022 $2.7M$2.7M−$66K$971K 990 PDF
FY2021 $2.8M$2.8M$78K$1.0M 990 PDF
FY2020 $1.7M$1.4M$283K$930K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $3,153,943 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,316,718$3,031,928
I-9 Program service revenuePrior year $75,794$112,081
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $29,796$9,934
I-12 Total revenuePrior year $2,422,308$3,153,943
I-13 Grants and similar amounts paidPrior year $910,034$1,108,376
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $696,694$795,273
I-16a Professional fundraising feesPrior year $15,800$51,800
I-17 Other expensesPrior year $683,079$671,644
I-18 Total expensesPrior year $2,305,607$2,627,093
I-19 Revenue less expensesPrior year $116,701$526,850
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,153,943 across 7 lines filed
VIII-1e Government grants$97,770
VIII-1f All other contributions, gifts and grants$2,934,158
VIII-1g Noncash contributions (included above)$37,700
VIII-1h Total contributions, gifts and grants$3,031,928
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $112,081$112,081
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,934$9,934
VIII-12 Total revenueRelated to mission $122,015 · Unrelated business $0 · Excluded from tax $0$3,153,943
Part IX · Statement of functional expenses $2,627,093 across 16 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $1,108,376$1,108,376
IX-5 Pay of current officers, directors and key staffPrograms $69,582 · Management $17,396 · Fundraising $86,979$173,957
IX-7 Other salaries and wagesPrograms $321,682 · Management $53,144 · Fundraising $152,800$527,626
IX-8 Pension plan contributionsPrograms $4,319 · Management $639 · Fundraising $1,369$6,327
IX-9 Other employee benefitsPrograms $22,451 · Management $3,611 · Fundraising $9,765$35,827
IX-10 Payroll taxesPrograms $28,967 · Management $5,182 · Fundraising $17,387$51,536
IX-11c Accounting feesManagement $12,200$12,200
IX-11e Professional fundraising feesFundraising $51,800$51,800
IX-11g Other fees for servicesPrograms $143,488 · Management $13,420 · Fundraising $11,745$168,653
IX-13 Office expensesManagement $34,553 · Fundraising $4,188$38,741
IX-14 Information technologyPrograms $4,230$4,230
IX-17 TravelPrograms $14,194 · Management $3,007 · Fundraising $16,365$33,566
IX-19 Conferences, conventions and meetingsPrograms $205,038$205,038
IX-23 InsuranceManagement $4,941$4,941
IX-24 Other expenses (24a–d)Programs $101,539 · Management $55,618 · Fundraising $42,311$199,468
IX-24e All other expensesManagement $1,764 · Fundraising $3,043$4,807
IX-25 Total functional expensesPrograms $2,023,866 · Management $205,475 · Fundraising $397,752$2,627,093
Part X · Balance sheet $1,539,591 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $141,236$262,748
X-2 Savings and temporary cash investmentsStart of year $144,513$333,233
X-3 Pledges and grants receivableStart of year $680,759$864,600
X-9 Prepaid expenses and deferred chargesStart of year $35,968$79,010
X-16 Total assetsStart of year $1,002,476$1,539,591
X-17 Accounts payable and accrued expensesStart of year $6,213$493
X-18 Grants payableStart of year $0$15,985
X-26 Total liabilitiesStart of year $6,213$16,478
X-27 Net assets without donor restrictionsStart of year $601,263$451,113
X-28 Net assets with donor restrictionsStart of year $395,000$1,072,000
X-32 Total net assets or fund balancesStart of year $996,263$1,523,113
X-33 Total liabilities and net assetsStart of year $1,002,476$1,539,591
Part XI · Reconciliation of net assets $1,523,113 net assets at year end
XI-1 Total revenue$3,153,943
XI-2 Total expenses$2,627,093
XI-3 Revenue less expenses$526,850
XI-4 Net assets at start of year$996,263
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,523,113

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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