Faith Driven Movements NC

Not tax-deductible

Charlotte, NC501(c)(6)Community DevelopmentEIN 45-4312671

To develop content and facilitate community to mobilize entrepreneurs and investors to use their time, talents, and resources in the marketplace.

49¢ of each $1 spent went to programs.
Run by 546 volunteers and 36 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
2 of 3
filings with a surplus
Average surplus $352K a year · 8% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
49%
of spending
Concern: 49% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$907K
to officers and key staff · 18% of spending
Top officer’s pay higher than 86% of similar orgs
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5.2M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$197K
56% of total assets
Fine: liabilities are 56% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 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
$5.0M
+25% vs prior year
Spent
$4.9M
To programs
49%
Net assets
$155K
By yearFY2020–FY2024
Revenue
$5.0M
FY2024▲ +25%
Revenue by fiscal year
FY2020$46K
FY2022$4.6M
FY2023$4.0M
FY2024$5.0M
Expenses
$4.9M
FY2024▲ +23%
Expenses by fiscal year
FY2020Not on file
FY2022$3.6M
FY2023$4.0M
FY2024$4.9M
Net assets
$155K
FY2024▲ +458%
Net assets by fiscal year
FY2020$2K
FY2022$35K
FY2023$28K
FY2024$155K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2013.

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

Where the money goes

49 cents of each dollar spent went to programs.

Program services 49% · $2.4M Management & general 51% · $2.5M

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

Who runs it and what they're paid

8 people listed on the 990; $907K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director/Board M
$296,766Pt VII · Sec A
Regional Director of Community, West Coast
$152,846Pt VII · Sec A
Director of Operations and Communications
$130,592Pt VII · Sec A
VP of Community Faith Driven Investor
$116,080Pt VII · Sec A
Senior Video Producer
$110,034Pt VII · Sec A
VP of Strategic Partnerships
$100,789Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Justin Forman’s $297K as Executive Director/Board M is at the 86th percentile of top reported officer pay among 2832 $1–10M 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022
Justin Forman$296,766$231,750$262,720
Ben McLennan$152,846——
Kalen Holden—$137,050—
Erin Nichols$130,592——
Sue Alice Sauthoff—$129,292—
Katherine Trout Braynard—$116,942—
Samantha Couch$116,080——
Richard Cunningham—$110,500—

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.

See Faith Driven Movements NC executive salaries →

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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

Connects entrepreneurs and investors to share resources and build businesses.

Provided by the organization

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3 program services account for $2.4M of program spending, described in the organization's own filed words · FY2024.
01

Content

Faith driven movements is a ministry about discipling entrepreneurs and investors to make a difference and impact the lives of their teams and their communities. We create podcasts and blog posts that highlight the voices of leaders around the world.

$1.8Mprogram expense
02

Connections

As we encourage and disciple leaders through content and community, we also want to connect them to the network of 150 other ministries that can help them on their journey. This network includes capacity builders, other ceo networking groups, conferences, and schools.

$329Kprogram expense
03

Community

We provide multiple discipleship and mentorship opportunities for entrepreneurs and investors to find community both locally and globally, in-person and online. It starts with a foundation course of 6-8 weeks to get started on their journey.

$267Kprogram expense

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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$5.2M

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.0M
Ln 12
Gifts and grantsLn 1h$4.9M
Fees for servicesLn 2g$123K
Investment incomeLn 3$41
Money outPt IX
$4.9M
Ln 25
Programscol B$2.4M
Managementcol C$2.5M
Owns and owesPt X
$155K
net assets · Ln 32
Cash and savingsLn 1–2$84K
Total assetsLn 16$352K
LiabilitiesLn 26$197K
PeoplePt VI, VII
8
listed · VII A
PaidVII A6
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.9M
Fees for servicesLn 2g$123K
Investment incomeLn 3$41
Total revenueLn 12$5.0M
Assets in detailPt X, end of year
CashLn 1$84K
Cash and savings togetherLn 1–2$84K
Land, buildings, equipmentLn 10c$30K
Other assetsLn 15$2K
Total assetsLn 16$352K
LiabilitiesLn 26$197K
Net assetsLn 32$155K
OperationsPt I, VI
EmployeesI 536
VolunteersI 6546
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$83K$84K
Land, buildings, equipmentLn 10c$24K$30K
Total assetsLn 16$133K$352K
LiabilitiesLn 26$105K$197K
Net assetsLn 32$28K$155K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$314K$135K$179K
Other salaries and wagesLn 7$2.2M$1.0M$1.1M
Other employee benefitsLn 9$289K$156K$133K
Payroll taxesLn 10$193K$86K$107K
Legal feesLn 11b$22K$22K
Accounting feesLn 11c$65K$65K
Other fees for servicesLn 11g$798K$310K$488K
Advertising and promotionLn 12$119K$78K$41K
Office expensesLn 13$171K$14K$156K
Information technologyLn 14$184K$22K$162K
TravelLn 17$185K$124K$61K
Conferences, conventions and meetingsLn 19$86K$54K$32K
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$321K$307K$15K
All other expensesLn 24e$444$253$191
Total functional expensesLn 25$4.9M$2.4M$2.5M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $5.0M$4.9M$85K$155K 990 PDF
FY2023 $4.0M$4.0M−$7K$28K 990 PDF
FY2022 $4.6M$3.6M$978K$35K 990 PDF
FY2021 Not on file
FY2020 $46K$2K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $5,007,400 across 6 lines filed
VIII-1d Related organizations$4,820,000
VIII-1f All other contributions, gifts and grants$64,375
VIII-1h Total contributions, gifts and grants$4,884,375
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $122,984$122,984
VIII-3 Investment incomeExcluded from tax $41$41
VIII-12 Total revenueRelated to mission $122,984 · Unrelated business $0 · Excluded from tax $41$5,007,400
Part IX · Statement of functional expenses $4,922,518 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $135,018 · Management $179,335$314,353
IX-7 Other salaries and wagesPrograms $1,038,899 · Management $1,126,087$2,164,986
IX-9 Other employee benefitsPrograms $156,245 · Management $132,547$288,792
IX-10 Payroll taxesPrograms $86,260 · Management $106,672$192,932
IX-11b Legal feesPrograms $21,728$21,728
IX-11c Accounting feesPrograms $65,000$65,000
IX-11g Other fees for servicesPrograms $310,259 · Management $487,889$798,148
IX-12 Advertising and promotionPrograms $78,179 · Management $40,755$118,934
IX-13 Office expensesPrograms $14,386 · Management $156,462$170,848
IX-14 Information technologyPrograms $21,999 · Management $161,897$183,896
IX-17 TravelPrograms $123,827 · Management $61,131$184,958
IX-19 Conferences, conventions and meetingsPrograms $54,149 · Management $31,770$85,919
IX-22 Depreciation, depletion and amortizationPrograms $8,628$8,628
IX-23 InsurancePrograms $1,568$1,568
IX-24 Other expenses (24a–d)Programs $306,713 · Management $14,671$321,384
IX-24e All other expensesPrograms $253 · Management $191$444
IX-25 Total functional expensesPrograms $2,423,111 · Management $2,499,407 · Fundraising $0$4,922,518
Part X · Balance sheet $351,996 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $82,878$83,623
X-4 Accounts receivableStart of year $846$3,968
X-9 Prepaid expenses and deferred chargesStart of year $24,978$232,297
X-10c Land, buildings and equipment, netStart of year $24,024$30,346
X-15 Other assetsStart of year $0$1,762
X-16 Total assetsStart of year $132,726$351,996
X-17 Accounts payable and accrued expensesStart of year $66,827$35,709
X-19 Deferred revenueStart of year $37,911$161,056
X-25 Other liabilitiesStart of year $185$185
X-26 Total liabilitiesStart of year $104,923$196,950
X-32 Total net assets or fund balancesStart of year $27,803$155,046
X-33 Total liabilities and net assetsStart of year $132,726$351,996
Part XI · Reconciliation of net assets $155,046 net assets at year end
XI-1 Total revenue$5,007,400
XI-2 Total expenses$4,922,518
XI-3 Revenue less expenses$84,882
XI-4 Net assets at start of year$27,803
XI-9 Other changes in net assets$42,361
XI-10 Net assets at end of year$155,046

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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