Alteco FY2022 filing

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EIN 37-1534706 Religious organization Denver, CO NTEE X20
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2025
Revenue
$72K
FY2022▼ -86%
Expenses
$66K
FY2022▼ -85%

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).


Empowers tribal churches in South America to spread the Gospel to local tribes. For fiscal year 2022 it reported $72K in revenue, $66K in expenses, and $611 in net assets.Pt I

Founded
2007
Type
Religious organization · Religion
Location
Denver, CO
Website
www.alteco.org
Filings
6 on file (2020–2022)
Revenue
$72KFY2022
Expenses
$66K
Net assets
$611
People
9
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Provided by the organization

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Size
$100K–1M
What they do
Empowers tribal churches in South America to spread the Gospel to local tribes.
Leadership
Robert Hardin · Chair/Sec/Tr
Money in and out
$72K revenue, $66K expenses
Bottom line
76% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Yes — filed FY2025

Most recent Form 990 on file is for fiscal year 2025 (1 year ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

2 funders, incl. Natl Christian Charitable Fdn INC

2 distinct foundation funder(s) on file, $21K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

76% to programs

76% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↓ -86% vs prior year

Revenue band $100K–1M, -86% versus the prior filing year (down). See detail →

Where the money goes · FY2022
Total revenue
$72K
Pt VIII · Ln 12
Total expenses
$66K
Pt IX · Ln 25
Net assets
$611
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $6K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.20 Fundraising $0.04
Program efficiency
76%
of spending reaches programs
Operating runway
36.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+9%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$201K
FY2022▲ +57%
Total liabilities
$200K
FY2022▲ ×158
Revenue less expensesPt I · Ln 19$6K
Total assetsPt X · Ln 16$201K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CAlteco
EINHdr · item D37-1534706
Principal addressHdr · item CDenver, CO
WebsiteHdr · item Jwww.alteco.org
Year of formationHdr · item L2007
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFMay 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
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
Chair/Sec/Tr
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Christopher Ferry’s $83K as Executive Director is at the 81st 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023
Christopher Ferry—$89,700$75,900
Christopher Ferry$82,800——
Paul Johnson—$12,800$11,000

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

1 program service account for $50K of program spending, described in the organization's own filed words · FY2022.
01

Alteco partners with other christian individuals and organizations to focus on the empowerment and holistic development of the 400+ tribal nations of the amazon basin and lowlands of south america.

$50Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$58K · 80%
Contributions & grants$15K · 20%
Program service revenue80%$58K
Contributions & grants20%$15K
Investment income$57
Other revenue$48
Total revenueLn 12$72K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.20 Fundraising $0.04
Program services76%$50K
Management & general20%$13K
Fundraising4%$2K
Total functional expensesLn 25$66K

Balance Sheet

Part X · end of year
CashLn 1$201K
Total assetsLn 16$201K
Total liabilitiesLn 26$200K
Total net assetsLn 32$611
Months of cash on handcomputed36.5

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $201K · Operating expenses/yr $66K
36.5 months
Where the money goes
Program services
Program services $50K · Total expenses $66K
76%
Management & General
Management & general $13K · Total expenses $66K
20%
Fundraising
Fundraising $2K · Total expenses $66K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $279K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $15K · Total revenue $72K
20%
Government reliance
Government grants — · Total revenue $72K
—
Earned-income share
Program service revenue $58K · Total revenue $72K
80%
Investment reliance
Investment income $57 · Total revenue $72K
+0.08%
Program self-sufficiency
Program service revenue $58K · Total expenses $66K
87%
Growth & trend
Revenue growth (YoY)
This year $72K · Prior year $508K
-86%
Net-asset trend (YoY)
End of year $611 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $72K · Expenses $66K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $201K
—
Net-asset ratio
Net assets $611 · Total assets $201K
0.3%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $201K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Robert Hardin · Reported title CHAIR/SEC/TR · Highest reported compensation $0 · Total expenses $66K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $66K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%——
Overhead ratio 20%——
Fundraising cost ratio 17%——
Revenue growth -86%——
Accounting fee ratio 3%——

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$21K
Grants paid · 1 grant · $8K · 2020–2020
Amazon Focus INCSC · FY2020$8,139

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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)$780K revenue · ⤓ 990 PDF
FY2024$674K revenue · ⤓ 990 PDF
FY2023$578K revenue · ⤓ 990 PDF
FY2022$72K revenue · viewing · ⤓ 990 PDF
FY2021$508K revenue · ⤓ 990 PDF
FY2020$361K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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