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7 Billion Reasons INC

Tax-deductible

Cary, NC501(c)(3)Since 2014International EIN 46-0985976Revenue $251K in FY2025

On file with the IRS7billionreasons.orgPo Box 1035, 27512-1035 · Cary, NCTax-exempt since Jan 2014Publicly supported charity — 170(b)(1)(A)(vi)

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To go and share the love of jesus christ by meeting spiritual, educational, and physical needs in impoverished communities throughout the world.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 35 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $50K a year · 21% 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
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Looks good: 15.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $59K
Looks good: 5 funders name it on their filings; 3 or more.
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
$251K
-30% vs prior year
Spent
$196K
To programs
96%
Net assets
$717K
By yearFY2020–FY2025
Revenue
$251K
FY2025▼ -30%
Tap a bar for its year
Revenue by fiscal year
FY2020$159K
FY2021$205K
FY2022$185K
FY2023$180K
FY2024$359K
FY2025$251K
Expenses
$196K
FY2025▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$146K
FY2022$185K
FY2023$197K
FY2024$207K
FY2025$196K
Net assets
$717K
FY2025▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$463K
FY2021$508K
FY2022$508K
FY2023$491K
FY2024$644K
FY2025$717K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2014.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $187K Management & general 1% · $2K Fundraising 3% · $6K

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

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Mark Kanode
President
$0Pt VII · Sec A
Christine Wertz
Vice President
$0Pt VII · Sec A
Lori Kanode
Treasurer
$0Pt VII · Sec A
Michael Harwood
Advisory Council Member
$0Pt VII · Sec A
Kathleen Harwood
Advisory Council Member
$0Pt VII · Sec A
Keith Schomburg
Advisory Council Member
$0Pt VII · Sec A
Kristy Decicco
Board Member
$0Pt VII · Sec A
Andrew Griffin
Board Member
$0Pt VII · Sec A
See 7 Billion Reasons INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Sharing Christ's love by meeting spiritual, educational, and physical needs worldwide.

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Provided by the organization

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1 program · $187K · in their own filed words · FY2025
01

7 billion reasons provides for and runs global leadership school, a primary school in busia, uganda. Along with the excellent academics, we provide the students and staff with 2 meals a day, supplies and medcial care as needed.

$187Kprogram 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
Fidelity Investments Charitable Gift FundFY2024$25K
Natl Christian Charitable Fdn INCFY2024$16K
Global Service Network INCFY2024$10K
American Online Giving Foundation INCFY2024$8K
Edward Jones FoundationFY2024$500
Total grants receivedfrom 5 funders$59K
See all 5 funders →

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$251K
Ln 12
Gifts and grantsLn 1h$254K
Investment incomeLn 3$4K
Money outPt IX
$196K
Ln 25
Programscol B$187K
Managementcol C$2K
Fundraisingcol D$6K
Owns and owesPt X
$717K
net assets · Ln 32
Cash and savingsLn 1–2$255K
Total assetsLn 16$717K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$254K
Noncash giftsLn 1g$15K
Fundraising eventsLn 1c$39K
Investment incomeLn 3$4K
Total revenueLn 12$251K
Assets in detailPt X, end of year
CashLn 1$103K
SavingsLn 2$152K
Cash and savings togetherLn 1–2$255K
InvestmentsLn 11–13$37K
Land, buildings, equipmentLn 10c$383K
Total assetsLn 16$717K
LiabilitiesLn 26$0
Net assetsLn 32$717K
OperationsPt I, VI
EmployeesI 50
VolunteersI 635
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$223K$255K
InvestmentsLn 11–13$37K
Land, buildings, equipmentLn 10c$376K$383K
Total assetsLn 16$621K$677K
LiabilitiesLn 26$0$0
Net assetsLn 32$621K$677K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$167K$167K
Accounting feesLn 11c$212$212
Advertising and promotionLn 12$100$100
Office expensesLn 13$7K$670$6K
Information technologyLn 14$433$433
TravelLn 17$9K$9K
Depreciation, depletion and amortizationLn 22$11K$11K
InsuranceLn 23$877$877
Other expenses (24a–d)Ln 24−$23−$23
Total functional expensesLn 25$196K$187K$2K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $251K$196K$56K$717K 990 PDF
FY2024 $359K$207K$153K$644K 990 PDF
FY2023 $180K$197K−$17K$491K 990 PDF
FY2022 $185K$185K−$62$508K 990 PDF
FY2021 $205K$146K$59K$508K 990 PDF
FY2020 $159K$463K 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 F · Foreign O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $251,280 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $356,260$253,939
I-9 Program service revenue$0
I-10 Investment incomePrior year $5,467$3,626
I-11 Other revenuePrior year −$2,341−$6,285
I-12 Total revenuePrior year $359,386$251,280
I-13 Grants and similar amounts paidPrior year $164,189$166,776
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $42,642$28,946
I-18 Total expensesPrior year $206,831$195,722
I-19 Revenue less expensesPrior year $152,555$55,558
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $251,280 across 8 lines filed
Lines not itemized here account for −$593 of total revenue; see the IRS return.
VIII-1c Fundraising events$39,377
VIII-1f All other contributions, gifts and grants$214,562
VIII-1g Noncash contributions (included above)$15,150
VIII-1h Total contributions, gifts and grants$253,939
VIII-3 Investment incomeRelated to mission $3,626$3,626
VIII-5 RoyaltiesRelated to mission $614$614
VIII-8 Net income from fundraising eventsExcluded from tax −$6,306−$6,306
VIII-12 Total revenueRelated to mission $4,240 · Unrelated business $0 · Excluded from tax −$6,899$251,280
Part IX · Statement of functional expenses $195,722 across 9 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $166,776$166,776
IX-11c Accounting feesManagement $212$212
IX-12 Advertising and promotionFundraising $100$100
IX-13 Office expensesManagement $670 · Fundraising $6,102$6,772
IX-14 Information technologyManagement $433$433
IX-17 TravelPrograms $9,409$9,409
IX-22 Depreciation, depletion and amortizationPrograms $11,166$11,166
IX-23 InsuranceManagement $877$877
IX-24 Other expenses (24a–d)Management −$23−$23
IX-25 Total functional expensesPrograms $187,351 · Management $2,169 · Fundraising $6,202$195,722
Part X · Balance sheet $677,044 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $79,433$102,628
X-2 Savings and temporary cash investmentsStart of year $143,383$152,182
X-8 Inventories for sale or useStart of year $1,799$2,600
X-10c Land, buildings and equipment, netStart of year $375,918$382,528
X-11 Publicly traded securities$37,106
X-16 Total assetsStart of year $621,493$677,044
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $488,680$556,367
X-28 Net assets with donor restrictionsStart of year $132,813$120,677
X-32 Total net assets or fund balancesStart of year $621,493$677,044
X-33 Total liabilities and net assetsStart of year $621,493$677,044
Part XI · Reconciliation of net assets $677,044 net assets at year end
XI-1 Total revenue$251,280
XI-2 Total expenses$195,722
XI-3 Revenue less expenses$55,558
XI-4 Net assets at start of year$621,493
XI-9 Other changes in net assets−$7
XI-10 Net assets at end of year$677,044

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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