Vertical Ministry: FY2020 Nonprofit Profile & Form 990 (EIN 45-3187202)

Revenue by fiscal year
FY2020	$446K
FY2021	$480K
FY2022	$396K
FY2023	$549K
FY2024	$420K

Expenses by fiscal year
FY2020	$330K
FY2021	$639K
FY2022	$367K
FY2023	$481K
FY2024	$468K

Net assets by fiscal year
FY2020	$168K
FY2021	$339K
FY2022	$367K
FY2023	$475K
FY2024	$427K

Is it real?

Yes. Revoked May 2020, reinstated. IRS ruling Oct 2020, per the IRS master file. Latest filing on record: FY2024. IRS ruling in Oct 2020.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $330K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation

Robert Mitchell

President

$0Pt VII · Sec A

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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 15aNo

Programs and updates

Distributes donations to support ministry and advance the Apostolic Faith.

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Provided by the organization

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1 program · $330K · in their own filed words · FY2020

01

We disburse contributions to various religious and charitable ministry services as approved by our board of directors.

$330Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$446K

Ln 12

Gifts and grantsLn 1h$446K

Money outPt IX

$330K

Ln 25

Programscol B$330K

Owns and owesPt X

$168K

net assets · Ln 32

Cash and savingsLn 1–2$168K

Total assetsLn 16$168K

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a0

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$446K

Total revenueLn 12$446K

Assets in detailPt X, end of year

CashLn 1$168K

Cash and savings togetherLn 1–2$168K

Total assetsLn 16$168K

LiabilitiesLn 26$0

Net assetsLn 32$168K

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$52K	$168K
Total assetsLn 16	$52K	$168K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$52K	$168K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Benefits paid to or for membersLn 4	$22K	$22K
Pay of current officers, directors and key staffLn 5	$94K	$94K
Other employee benefitsLn 9	$48K	$48K
Accounting feesLn 11c	$300	$300
Other fees for servicesLn 11g	$3	$3
Office expensesLn 13	$531	$531
OccupancyLn 16	$9K	$9K
TravelLn 17	$70K	$70K
InterestLn 20	$2K	$2K
InsuranceLn 23	$48	$48
Other expenses (24a–d)Ln 24	$66K	$66K
All other expensesLn 24e	$16K	$16K
Total functional expensesLn 25	$330K	$330K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$420K	$468K	−$48K	$427K	990 PDF
FY2023	$549K	$481K	$68K	$475K	990 PDF
FY2022	$396K	$367K	$28K	$367K	990 PDF
FY2021	$480K	$639K	−$159K	$339K	990 PDF
FY2020 Viewing	$446K	$330K	$116K	$168K	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 O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $445,870 revenue, 12 lines filed

I-8 Contributions and grants$445,870

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenue$445,870

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$22,303

I-15 Salaries and benefits$142,950

I-16a Professional fundraising fees$0

I-17 Other expenses$164,337

I-18 Total expenses$329,590

I-19 Revenue less expenses$116,280

Part VI · Governance 4 to look at

VI-1a Voting members of the governing body0

VI-1b Independent voting members0

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $445,870 across 3 lines filed

VIII-1f All other contributions, gifts and grants$445,870

VIII-1h Total contributions, gifts and grants$445,870

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$445,870

Part IX · Statement of functional expenses $329,590 across 12 lines filed

IX-4 Benefits paid to or for membersPrograms $22,303$22,303

IX-5 Pay of current officers, directors and key staffPrograms $94,450$94,450

IX-9 Other employee benefitsPrograms $48,500$48,500

IX-11c Accounting feesPrograms $300$300

IX-11g Other fees for servicesPrograms $3$3

IX-13 Office expensesPrograms $531$531

IX-16 OccupancyPrograms $8,897$8,897

IX-17 TravelPrograms $70,243$70,243

IX-20 InterestPrograms $2,191$2,191

IX-23 InsurancePrograms $48$48

IX-24 Other expenses (24a–d)Programs $66,354$66,354

IX-24e All other expensesPrograms $15,770$15,770

IX-25 Total functional expensesPrograms $329,590 · Management $0 · Fundraising $0$329,590

Part X · Balance sheet $167,874 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $51,594$167,874

X-16 Total assetsStart of year $51,594$167,874

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $51,594$167,874

X-32 Total net assets or fund balancesStart of year $51,594$167,874

X-33 Total liabilities and net assetsStart of year $51,594$167,874

Part XI · Reconciliation of net assets $167,874 net assets at year end

XI-1 Total revenue$445,870

XI-2 Total expenses$329,590

XI-3 Revenue less expenses$116,280

XI-4 Net assets at start of year$51,594

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$167,874

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Vertical Ministry FY2020 filing

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