Revolution5 EIN 27-4267538

Revolution5 FY2021 filing

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Develops Christian leaders through one-on-one discipleship to advance God's kingdom. For fiscal year 2021 it reported $428K in revenue, $361K in expenses, and $123K in net assets.Pt I

Founded
2011
Type
Public charity (501(c)(3)) · Community Development
Location
Colorado Springs, CO
Website
www.rev5.org
Filings
5 on file (2020–2021)
Revenue
$428KFY2021
Expenses
$361K
Net assets
$123K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-4267538 Public charity (501(c)(3)) Colorado Springs, CO Founded 2011
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Develops Christian leaders through one-on-one discipleship to advance God's kingdom.
Leadership
Caleb Craft · Institute Director · $24K
Money in and out
$428K revenue, $361K expenses
Bottom line
89% program efficiency
Where the money goes · FY2021
Total revenue
$428K
Pt VIII · Ln 12
Total expenses
$361K
Pt IX · Ln 25
Net assets
$123K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $67K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.11
Program efficiency
89%
of spending reaches programs
Operating runway
4.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+16%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$428K
FY2021▲ +50%
Expenses
$361K
FY2021▲ +37%
Total assets
$141K
FY2021▲ +117%
Total liabilities
$19K
FY2021▲ +111%
Total revenue
$428K
Pt VIII · Ln 12
Total expenses
$361K
Pt IX · Ln 25
Net assets
$123K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$67K
Total assetsPt X · Ln 16$141K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $321K of program spending, described in the organization's own filed words · FY2020.
01

REVOLUTION5 leadership institute had 10 students enrolled. Class instruction time averages nine hours per week and covers everything from worldview to public communication to entrepreneurship to governance. The students live in a dormitory style environment on camplus, inclusive of room and board.

$313Kprogram expense
02

The association of alumni was informally formed with a two-fold intent 1TO retain connection with alumni, including developing a long term investment into the graduates of REV5 and 2 to extend networking opportunities. In the 20-21 year, we launched an alumni homecoming year called cadre.

$4Kprogram expense
03

Over the 20-21 program year, REV5 hosted weekend retreats for JR high school students and high school students. There were two weekend retreats for junior high students attended by 30 students. There were two weekend retreats for high school students, attended by 28 students.

$4Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRevolution5
EINHdr · item D27-4267538
Principal addressHdr · item CColorado Springs, CO
WebsiteHdr · item Jwww.rev5.org
Year of formationHdr · item L2011
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFJul 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
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 (FY2020); the FY2021 filing did not itemize Part VII
Institute Director
$24,243Pt VII · Sec A
President
$23,278Pt VII · Sec A
Dir of Operations
$11,069Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Joe Couch’s $63K as Executive Director is at the 40th percentile of top reported officer pay among 1710 $100K–1M community development 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

NameFY2024FY2024FY2023FY2021FY2020
Joe Couch$62,550$55,606$48,050$23,278$22,897
Caleb Craft$16,518$31,499$23,453$24,243
Brian Steck$11,953$13,041$13,531$11,069$11,162

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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Statement of Revenue

Part VIII
Contributions & grants$238K · 56%
Program service revenue$183K · 43%
Other revenue$7K · 2%
Contributions & grants56%$238K
Program service revenue43%$183K
Other revenue2%$7K
Investment income$91
Total revenueLn 12$428K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.11
Program services89%$321K
Management & general11%$40K
Total functional expensesLn 25$361K

Balance Sheet

Part X · end of year
CashLn 1$132K
Total assetsLn 16$141K
Total liabilitiesLn 26$19K
Total net assetsLn 32$123K
Months of cash on handcomputed4.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $132K · Operating expenses/yr $361K
4.4 months
Where the money goes
Program services
Program services $321K · Total expenses $361K
89%
Management & General
Management & general $40K · Total expenses $361K
11%
Fundraising
Fundraising $0 · Total expenses $361K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $225K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $238K · Total revenue $428K
56%
Government reliance
Government grants — · Total revenue $428K
Earned-income share
Program service revenue $183K · Total revenue $428K
43%
Investment reliance
Investment income $91 · Total revenue $428K
+0.02%
Program self-sufficiency
Program service revenue $183K · Total expenses $361K
51%
Growth & trend
Revenue growth (YoY)
This year $428K · Prior year $284K
+50%
Net-asset trend (YoY)
End of year $123K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $428K · Expenses $361K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $141K
Net-asset ratio
Net assets $123K · Total assets $141K
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $141K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Caleb Craft · Reported title INSTITUTE DIRECTOR · Highest reported compensation $24K · Total expenses $361K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $99K · Total expenses $361K
27%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 11%
Fundraising cost ratio 0%
Revenue growth 50%
Investment management fee ratio 0%
Legal fee ratio 0.01%
Accounting fee ratio 1%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$40K
Grants paid · 16 grants · $343K · 2019–2024
Unitemized GrantFY2024$52,699
Unitemized GrantFY2024$15,793
Unitemized GrantFY2024$3,975
Unitemized GrantFY2023$61,386
Unitemized GrantFY2023$18,607
Unitemized GrantFY2023$8,172
Unitemized GrantFY2022$49,508
Unitemized GrantFY2022$4,814
Unitemized GrantFY2022$394
Unitemized GrantFY2021$62,753
Unitemized GrantFY2021$5,322
Unitemized GrantFY2020$40,034
Unitemized GrantFY2020$7,268
Unitemized GrantFY2019$6,330
Unitemized GrantFY2019$4,300
Unitemized GrantFY2019$1,675

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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
FY2024$669K revenue · ⤓ 990 PDF
FY2023$550K revenue · ⤓ 990 PDF
FY2022$518K revenue · ⤓ 990 PDF
FY2021$428K revenue · viewing · ⤓ 990 PDF
FY2020$284K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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