Finisterre Vision FY2023 filing

Tax-deductible

Chandler, AZ501(c)(3)ReligionEIN 27-4251733Revenue $730K in FY2023

On file with the IRSfvpng.org2820 S Alma School Rd Ste 18-416, 85286-4394 · Chandler, AZTax-exempt since Mar 2011Publicly supported charity — 170(b)(1)(A)(vi)

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Missionary work in the Finisterre mountains of papua-new guinea, to bring the word of god to the tribes who live there, one-by-one, translating the bible into their native language.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$160K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $58K a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$160K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $111K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$6K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$730K
-26% vs prior year
Spent
$906K
To programs
73%
Net assets
$416K
By yearFY2020–FY2024
Revenue
$730K
FY2023▼ -26%
Tap a bar for its year
Revenue by fiscal year
FY2020$741K
FY2021$693K
FY2022$988K
FY2023$730K
FY2024$1.3M
Expenses
$906K
FY2023▼ -0.8%
Tap a bar for its year
Expenses by fiscal year
FY2020$647K
FY2021$706K
FY2022$913K
FY2023$906K
FY2024$980K
Net assets
$416K
FY2023▼ -30%
Tap a bar for its year
Net assets by fiscal year
FY2020$537K
FY2021$523K
FY2022$596K
FY2023$416K
FY2024$723K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2011.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $663K Management & general 19% · $175K Fundraising 7% · $68K

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

5 people listed on the 990; $160K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$87,650Pt VII · Sec A
Treasurer
$72,245Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director Since 4/24/23
$0Pt VII · Sec A

Scott Maxwell’s $99K as President is at the 48th percentile of top reported officer pay among 1636 $1–10M 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Scott Maxwell$98,671$87,650$84,440$29,460—
Jeremy Lehman$79,025$72,245$66,352$68,700$56,697
Joseph Tartaglia———$4,038$6,648

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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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

Brings God's word to Papua New Guinea tribes, translating the Bible into their languages.

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Provided by the organization

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1 program · $663K · in their own filed words · FY2023
01

Finisterre began the restaffing of its field office in madang PNG. A full-time field director arrived in the first half of 2023. More field office staff were identified in 2023 and will arrive in madang in 2024, lord willing.

$663Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 4 grants · $48K · 2022–2024
Community Baptist ChurchFY2024$11,388
Grace Brethren ChurchVT · FY2023$21,347
Grace Brethren ChurchVT · FY2022$15,419
Individual RecipientFY2022$100

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$730K
Ln 12
Gifts and grantsLn 1h$698K
Investment incomeLn 3$28K
Fees for servicesLn 2g$5K
Money outPt IX
$906K
Ln 25
Programscol B$663K
Managementcol C$175K
Fundraisingcol D$68K
Owns and owesPt X
$416K
net assets · Ln 32
Cash and savingsLn 1–2$364K
Total assetsLn 16$422K
LiabilitiesLn 26$6K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$698K
Fees for servicesLn 2g$5K
Investment incomeLn 3$28K
Gains on assetsLn 7$13K
Total revenueLn 12$730K
Assets in detailPt X, end of year
CashLn 1$58K
SavingsLn 2$306K
Cash and savings togetherLn 1–2$364K
Land, buildings, equipmentLn 10c$51K
Total assetsLn 16$422K
LiabilitiesLn 26$6K
Net assetsLn 32$416K
OperationsPt I, VI
EmployeesI 59
VolunteersI 64
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 FY23End FY23
Cash and savingsLn 1–2$574K$364K
Land, buildings, equipmentLn 10c$19K$51K
Total assetsLn 16$605K$422K
LiabilitiesLn 26$9K$6K
Net assetsLn 32$596K$416K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$21K$21K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$12K$12K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$214K$129K$43K$43K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$290K$235K$40K$14K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$6K$5K$708$506
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$4K$4K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$12K$10K$2K
Advertising and promotionLn 12$10K$8K$1K$813
Office expensesLn 13$18K$15K$1K$1K
Information technologyLn 14$9K$7K$998$713
RoyaltiesLn 15$0
OccupancyLn 16$74K$59K$9K$6K
TravelLn 17$190K$141K$49K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$18K$2K$16K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$15K$13K$737$737
InsuranceLn 23$8K$4K$3K$298
Other expenses (24a–d)Ln 24$6K$2K$5K
All other expensesLn 24e$0
Total functional expensesLn 25$906K$663K$175K$68K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$980K$308K$723K 990 PDF
FY2023 Viewing $730K$906K−$175K$416K 990 PDF
FY2022 $988K$913K$75K$596K 990 PDF
FY2021 $693K$706K−$13K$523K 990 PDF
FY2020 $741K$647K$94K$537K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $730,320 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $928,163$697,696
I-9 Program service revenuePrior year $299$4,617
I-10 Investment incomePrior year $59,675$28,007
I-11 Other revenue$0
I-12 Total revenuePrior year $988,137$730,320
I-13 Grants and similar amounts paidPrior year $15,733$33,442
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $650,644$510,053
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $246,934$362,067
I-18 Total expensesPrior year $913,311$905,562
I-19 Revenue less expensesPrior year $74,826−$175,242
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $730,320 across 6 lines filed
VIII-1f All other contributions, gifts and grants$697,696
VIII-1h Total contributions, gifts and grants$697,696
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,617$4,617
VIII-3 Investment incomeExcluded from tax $15,159$15,159
VIII-7 Net gain or loss on sales of assetsRelated to mission $12,848$12,848
VIII-12 Total revenueRelated to mission $17,465 · Excluded from tax $15,159$730,320
Part IX · Statement of functional expenses $905,562 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $21,347$21,347
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $12,095$12,095
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $128,540 · Management $42,847 · Fundraising $42,847$214,234
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $235,139 · Management $40,331 · Fundraising $14,279$289,749
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $4,856 · Management $708 · Fundraising $506$6,070
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $3,675$3,675
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $9,600 · Management $2,053$11,653
IX-12 Advertising and promotionPrograms $7,803 · Management $1,138 · Fundraising $813$9,754
IX-13 Office expensesPrograms $15,045 · Management $1,379 · Fundraising $1,254$17,678
IX-14 Information technologyPrograms $6,841 · Management $998 · Fundraising $713$8,552
IX-15 Royalties$0
IX-16 OccupancyPrograms $59,438 · Management $8,668 · Fundraising $6,191$74,297
IX-17 TravelPrograms $141,152 · Management $48,603$189,755
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $2,397 · Management $15,643$18,040
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $13,269 · Management $737 · Fundraising $737$14,743
IX-23 InsurancePrograms $3,993 · Management $3,381 · Fundraising $298$7,672
IX-24 Other expenses (24a–d)Programs $1,693 · Management $4,555$6,248
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $663,208 · Management $174,716 · Fundraising $67,638$905,562
Part X · Balance sheet $422,422 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $79,466$57,587
X-2 Savings and temporary cash investmentsStart of year $494,551$306,370
X-9 Prepaid expenses and deferred chargesStart of year $881$1,362
X-10c Land, buildings and equipment, netStart of year $19,088$51,270
X-14 Intangible assetsStart of year $10,833$5,833
X-16 Total assetsStart of year $605,137$422,422
X-25 Other liabilitiesStart of year $9,459$5,992
X-26 Total liabilitiesStart of year $9,459$5,992
X-27 Net assets without donor restrictionsStart of year $186,662$114,858
X-28 Net assets with donor restrictionsStart of year $409,016$301,572
X-32 Total net assets or fund balancesStart of year $595,678$416,430
X-33 Total liabilities and net assetsStart of year $605,137$422,422
Part XI · Reconciliation of net assets $416,430 net assets at year end
XI-1 Total revenue$730,320
XI-2 Total expenses$905,562
XI-3 Revenue less expenses−$175,242
XI-4 Net assets at start of year$595,678
XI-8 Prior period adjustments$27
XI-9 Other changes in net assets−$4,033
XI-10 Net assets at end of year$416,430

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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