Changing Destiny Project EIN 46-4409961

Changing Destiny Project FY2020 filing

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Empowering and educating vulnerable women and children facing abuse, neglect, trafficking, poverty, and lack of education. For fiscal year 2020 it reported $452K in revenue, $260K in expenses, and $491K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Houston, TX
Website
changingdestiny.org
Filings
5 on file (2020–2020)
Revenue
$452KFY2020
Expenses
$260K
Net assets
$491K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-4409961 Public foundation / grantmaker Houston, TX
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Empowering and educating vulnerable women and children facing abuse, neglect, trafficking, poverty, and lack of education.
Leadership
Patty Adams · Director
Money in and out
$452K revenue, $260K expenses
Bottom line
82% program efficiency
Grants paid & assets · FY2020
Total revenue
$452K
Pt VIII · Ln 12
Total expenses
$260K
Pt IX · Ln 25
Net assets
$491K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $192K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.15 Fundraising $0.04
Program efficiency
82%
of spending reaches programs
Operating runway
22.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+43%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$452K
FY2020
Expenses
$260K
FY2020
Total assets
$491K
FY2020
Total liabilities
$0
FY2020
Total revenue
$452K
Pt VIII · Ln 12
Total expenses
$260K
Pt IX · Ln 25
Net assets
$491K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$192K
Total assetsPt X · Ln 16$491K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

3 program services account for $203K of program spending, described in the organization's own filed words · FY2020.
01

Childrens Programs

The childrens programs are aimed to break the cycle of injustice in a familys life and give a child a chance in the ever-growing, modern South Asia and world. The residential school provides a high-quality school experience with an international curriculum.

$193Kprogram expense
02

School Association

The School Association facilitates weekly meetings with international association members all across the country to strategize the best education for the children in the countries in which the organization works.

$5Kprogram expense
03

Early Childhood Night Care

This program is funded in part by our partnership with the SAVING MOSES of Denver, Colorado. The goal is to provide a safe place for the most vulnerable children,-5 years old, to receive care and lots of love while their mothers work.

$5Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChanging Destiny Project
EINHdr · item D46-4409961
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Jchangingdestiny.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T50)
Ruling yearIRS BMFFeb 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Changing Destiny Project executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants99%$449K
Investment income$674
Other revenue$2K
Total revenueLn 12$452K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.15 Fundraising $0.04
Program services82%$212K
Management & general15%$39K
Fundraising4%$9K
Total functional expensesLn 25$260K

Balance Sheet

Part X · end of year
CashLn 1$491K
Total assetsLn 16$491K
Total liabilitiesLn 26$0
Total net assetsLn 32$491K
Months of cash on handcomputed22.7

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $491K · Operating expenses/yr $260K
22.7 months
Where the money goes
Program services
Program services $212K · Total expenses $260K
82%
Management & General
Management & general $39K · Total expenses $260K
15%
Fundraising
Fundraising $9K · Total expenses $260K
4%
Cost to raise $1
Fundraising expense $9K · Solicited contributions $449K
$0.02 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $449K · Total revenue $452K
99%
Government reliance
Government grants — · Total revenue $452K
Earned-income share
Program service revenue $0 · Total revenue $452K
0%
Investment reliance
Investment income $674 · Total revenue $452K
+0.1%
Program self-sufficiency
Program service revenue $0 · Total expenses $260K
0%
Growth & trend
Revenue growth (YoY)
This year $452K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $491K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $452K · Expenses $260K
+43%
Liabilities-to-Assets
Total liabilities — · Total assets $491K
Net-asset ratio
Net assets $491K · Total assets $491K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $491K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Patty Adams · Reported title Director · Highest reported compensation $0 · Total expenses $260K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $260K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 15%
Fundraising cost ratio 2%
Investment management fee ratio 0%
Legal fee ratio 0.5%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$191K
See all 4 funders →
Grants paid · 7 grants · $1.1M · 2020–2023
Eternal Light Ministries INCMA · FY2023$459,619
Eternal Light Ministries INCMA · FY2022$483,846
Eternal Light Ministries INCMA · FY2022$57,141
Eternal Light Ministries INCMA · FY2022$10,820
Wheaton FoundationMS · FY2021$15,000
Wheaton FoundationMS · FY2020$60,010
Eternal Light Ministries INCMA · FY2020$60,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$651K revenue · ⤓ 990 PDF
FY2023$590K revenue · ⤓ 990 PDF
FY2022$598K revenue · ⤓ 990 PDF
FY2021$542K revenue · ⤓ 990 PDF
FY2020$452K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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