Breaking Chains Honduras INC FY2022 filing

Tax-deductible

Oklahoma City, OK501(c)(3)InternationalEIN 45-3633155

Breaking chains honduras is a nonprofit established to reach out, through grants and outreach, to those living in poverty in the capital city of honduras. The organization's mission is to serve and see change for those affected by poverty in tegucigalpa by meeting basic needs and developing human relationships that act as a gateway toward a relationship with christ. Breaking chains seeks to serve through street outreach and community benevolence, education and vocation initiatives, young adult ministry and volunteer outreach.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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 $6K a year · 1% 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
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$595K
+40% vs prior year
Spent
$495K
To programs
93%
Net assets
$212K
By yearFY2020–FY2024
Revenue
$595K
FY2022▲ +40%
Revenue by fiscal year
FY2020$453K
FY2021$426K
FY2022$595K
FY2023$527K
FY2024$530K
Expenses
$495K
FY2022▲ +8%
Expenses by fiscal year
FY2020$420K
FY2021$456K
FY2022$495K
FY2023$613K
FY2024$516K
Net assets
$212K
FY2022▲ +88%
Net assets by fiscal year
FY2020$143K
FY2021$113K
FY2022$212K
FY2023$126K
FY2024$141K

From the FY2022 Form 990 · see the original

Give Claim
You’re viewing the FY2022 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 Dec 2011.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $461K Management & general 7% · $34K Fundraising 0% · $123

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Board of Dir
$0Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
See Breaking Chains Honduras INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides grants and outreach to alleviate poverty in Honduras' capital city.

Provided by the organization

This section is blank until Breaking Chains Honduras INC claims this page.

Know this organization? Claim it to add your story

3 program services account for $379K of program spending, described in the organization's own filed words · FY2022.
01

Education and Vocation Initiative

Education is a key element to breaking the cycle of poverty for families. Breaking chains is committed to lifting families up economically through providing access to education. Through grants, breaking chains sponsors 30 children for quality education opportunities through local, honduran-run schools.

$164Kprogram expense
02

Young adult ministry breaking chains also supports the care of socially at-risk young adults in periods of transition (trying to get off the streets, having aged out of children's home, seeking respite from poor family situations, etc.).

$153Kprogram expense
03

Street outreach and community benevolence breaking chains is committed to the work of showing love by serving those in need via various benevolence initiatives including food, hygiene, medical and living expenses support.

$62Kprogram expense

Run this program? Claim this org to tell your story

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 · FY2024
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$595K
Ln 12
Gifts and grantsLn 1h$595K
Money outPt IX
$495K
Ln 25
Programscol B$461K
Managementcol C$34K
Fundraisingcol D$123
Owns and owesPt X
$212K
net assets · Ln 32
Cash and savingsLn 1–2$212K
Total assetsLn 16$212K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$595K
Total revenueLn 12$595K
Assets in detailPt X, end of year
CashLn 1$212K
Cash and savings togetherLn 1–2$212K
Total assetsLn 16$212K
LiabilitiesLn 26$0
Net assetsLn 32$212K
OperationsPt I, VI
EmployeesI 54
VolunteersI 615
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
LineStart FY22End FY22
Cash and savingsLn 1–2$113K$212K
Total assetsLn 16$113K$212K
LiabilitiesLn 26$0$0
Net assetsLn 32$113K$212K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$275K$275K
Other salaries and wagesLn 7$172K$152K$20K
Payroll taxesLn 10$13K$12K$2K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$123$123
Office expensesLn 13$2K$2K
Other expenses (24a–d)Ln 24$31K$22K$8K
All other expensesLn 24e$156$156
Total functional expensesLn 25$495K$461K$34K$123

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $530K$516K$14K$141K 990 PDF
FY2023 $527K$613K−$86K$126K 990 PDF
FY2022 Viewing $595K$495K$100K$212K 990 PDF
FY2021 $426K$456K−$30K$113K 990 PDF
FY2020 $453K$420K$34K$143K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $594,572 across 3 lines filed
VIII-1f All other contributions, gifts and grants$594,572
VIII-1h Total contributions, gifts and grants$594,572
VIII-12 Total revenue$594,572
Part IX · Statement of functional expenses $495,032 across 8 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $275,475$275,475
IX-7 Other salaries and wagesPrograms $151,763 · Management $20,250$172,013
IX-10 Payroll taxesPrograms $11,501 · Management $1,535$13,036
IX-11c Accounting feesManagement $1,603$1,603
IX-12 Advertising and promotionFundraising $123$123
IX-13 Office expensesManagement $2,107$2,107
IX-24 Other expenses (24a–d)Programs $22,078 · Management $8,441$30,519
IX-24e All other expensesManagement $156$156
IX-25 Total functional expensesPrograms $460,817 · Management $34,092 · Fundraising $123$495,032
Part X · Balance sheet $212,098 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $112,558$212,098
X-16 Total assetsStart of year $112,558$212,098
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $112,558$212,098
X-32 Total net assets or fund balancesStart of year $112,558$212,098
X-33 Total liabilities and net assetsStart of year $112,558$212,098
Part XI · Reconciliation of net assets $212,098 net assets at year end
XI-1 Total revenue$594,572
XI-2 Total expenses$495,032
XI-3 Revenue less expenses$99,540
XI-4 Net assets at start of year$112,558
XI-10 Net assets at end of year$212,098

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.