Faith Driven Movements NC FY2022 filing

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

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

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
87¢ of each $1 spent went to programs.
$263K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$263K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
<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
$101K
74% of total assets
Worth a look: liabilities are 74% of assets; over 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
$4.6M
×99 vs prior year
Spent
$3.6M
To programs
87%
Net assets
$35K
By yearFY2020–FY2024
Revenue
$4.6M
FY2022▲ ×99
Tap a bar for its year
Revenue by fiscal year
FY2020$46K
FY2022$4.6M
FY2023$4.0M
FY2024$5.0M
Expenses
$3.6M
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2022$3.6M
FY2023$4.0M
FY2024$4.9M
Net assets
$35K
FY2022▲ ×22
Tap a bar for its year
Net assets by fiscal year
FY2020$2K
FY2022$35K
FY2023$28K
FY2024$155K

From the FY2022 Form 990 · figures checked against the IRS filing · 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 Apr 2013.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $3.1M Management & general 13% · $480K

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

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990; $263K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director/Board Member
$262,720Pt 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 →

On this list? Claim this org

Something off? Claim to add context

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.

Questions for Faith Driven Movements NC

Tap to ask. Faith Driven Movements NC sees how many people are interested.

Your first name shows with your question. Faith Driven Movements NC answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $2.9M · in their own filed words · FY2022
01

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.

$1.1Mprogram expense
02

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.

$1.1Mprogram expense
03

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.

$696Kprogram expense

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 FY2022 990, line by line.

1The main four
Money inPt VIII
$4.6M
Ln 12
Gifts and grantsLn 1h$4.4M
Fees for servicesLn 2g$181K
Other incomeLn 4–11$5K
Money outPt IX
$3.6M
Ln 25
Programscol B$3.1M
Managementcol C$480K
Owns and owesPt X
$35K
net assets · Ln 32
Cash and savingsLn 1–2$55K
Total assetsLn 16$136K
LiabilitiesLn 26$101K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.4M
Noncash giftsLn 1g$215
Fees for servicesLn 2g$181K
Investment incomeLn 3$96
Other incomeLn 4–11$5K
Total revenueLn 12$4.6M
Assets in detailPt X, end of year
CashLn 1$55K
Cash and savings togetherLn 1–2$55K
Land, buildings, equipmentLn 10c$26K
Other assetsLn 15$15K
Total assetsLn 16$136K
LiabilitiesLn 26$101K
Net assetsLn 32$35K
OperationsPt I, VI
EmployeesI 536
VolunteersI 6546
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$46K$55K
Land, buildings, equipmentLn 10c$0$26K
Total assetsLn 16$58K$136K
LiabilitiesLn 26$1.0M$101K
Net assetsLn 32−$943K$35K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$273K$224K$50K
Other salaries and wagesLn 7$1.4M$1.1M$253K
Other employee benefitsLn 9$87K$75K$12K
Payroll taxesLn 10$128K$112K$16K
Legal feesLn 11b$7K$3K$3K
Accounting feesLn 11c$63K$63K
Other fees for servicesLn 11g$669K$665K$4K
Advertising and promotionLn 12$306K$306K$527
Office expensesLn 13$40K$30K$10K
Information technologyLn 14$274K$268K$6K
TravelLn 17$156K$110K$45K
Conferences, conventions and meetingsLn 19$82K$81K$1K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$4K$2K$2K
Other expenses (24a–d)Ln 24$124K$110K$14K
Total functional expensesLn 25$3.6M$3.1M$480K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.0M$4.9M$85K$155K 990 PDF
FY2023 $4.0M$4.0M−$7K$28K 990 PDF
FY2022 Viewing $4.6M$3.6M$978K$35K 990 PDF
FY2021 Not on file
FY2020 $46K$2K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $4,573,349 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,399,552$4,387,796
I-9 Program service revenuePrior year $265,608$180,790
I-10 Investment incomePrior year $4$96
I-11 Other revenuePrior year $562$4,667
I-12 Total revenuePrior year $1,665,726$4,573,349
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,324,235$1,868,053
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,286,408$1,727,132
I-18 Total expensesPrior year $2,610,643$3,595,185
I-19 Revenue less expensesPrior year −$944,917$978,164
Part VI · Governance 2 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $4,573,349 across 8 lines filed
VIII-1d Related organizations$4,308,781
VIII-1f All other contributions, gifts and grants$79,015
VIII-1g Noncash contributions (included above)$215
VIII-1h Total contributions, gifts and grants$4,387,796
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $180,790$180,790
VIII-3 Investment incomeExcluded from tax $96$96
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,667$4,667
VIII-12 Total revenueRelated to mission $185,457 · Unrelated business $0 · Excluded from tax $96$4,573,349
Part IX · Statement of functional expenses $3,595,185 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $223,787 · Management $49,633$273,420
IX-7 Other salaries and wagesPrograms $1,126,677 · Management $252,729$1,379,406
IX-9 Other employee benefitsPrograms $75,040 · Management $12,218$87,258
IX-10 Payroll taxesPrograms $112,025 · Management $15,944$127,969
IX-11b Legal feesPrograms $3,250 · Management $3,381$6,631
IX-11c Accounting feesManagement $63,250$63,250
IX-11g Other fees for servicesPrograms $665,223 · Management $3,582$668,805
IX-12 Advertising and promotionPrograms $305,789 · Management $527$306,316
IX-13 Office expensesPrograms $30,194 · Management $10,157$40,351
IX-14 Information technologyPrograms $267,790 · Management $5,870$273,660
IX-17 TravelPrograms $110,129 · Management $45,457$155,586
IX-19 Conferences, conventions and meetingsPrograms $80,806 · Management $1,091$81,897
IX-22 Depreciation, depletion and amortizationPrograms $2,774$2,774
IX-23 InsurancePrograms $2,083 · Management $1,891$3,974
IX-24 Other expenses (24a–d)Programs $109,854 · Management $14,034$123,888
IX-25 Total functional expensesPrograms $3,115,421 · Management $479,764 · Fundraising $0$3,595,185
Part X · Balance sheet $135,779 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $46,148$55,086
X-4 Accounts receivableStart of year $1,358$369
X-9 Prepaid expenses and deferred chargesStart of year $468$39,619
X-10c Land, buildings and equipment, netStart of year $0$25,617
X-15 Other assetsStart of year $10,003$15,088
X-16 Total assetsStart of year $57,977$135,779
X-17 Accounts payable and accrued expensesStart of year $100,810$51,010
X-19 Deferred revenueStart of year $0$40,252
X-25 Other liabilitiesStart of year $900,500$9,686
X-26 Total liabilitiesStart of year $1,001,310$100,948
X-32 Total net assets or fund balancesStart of year −$943,333$34,831
X-33 Total liabilities and net assetsStart of year $57,977$135,779
Part XI · Reconciliation of net assets $34,831 net assets at year end
XI-1 Total revenue$4,573,349
XI-2 Total expenses$3,595,185
XI-3 Revenue less expenses$978,164
XI-4 Net assets at start of year−$943,333
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$34,831

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.

Your org? Add context

Made it to the end? Claim this org

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.