Phokos Nfp EIN 47-5074767 Form 990 (PDF) Claim this org

Phokos Nfp FY2020 filing

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Provides housing for missionaries to share the gospel of Jesus Christ worldwide. For fiscal year 2020 it reported $61K in revenue, $55K in expenses, and $20K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Arcola, IL
Website
www.phokos.org
Filings
5 on file (2020–2020)
Revenue
$61KFY2020
Expenses
$55K
Net assets
$20K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-5074767 Public charity (501(c)(3)) Arcola, IL
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
Provides housing for missionaries to share the gospel of Jesus Christ worldwide.
Leadership
Corey Fifield · President · $7K
Money in and out
$61K revenue, $55K expenses
Bottom line
61% program efficiency
Where the money goes · FY2020
Total revenue
$61K
Pt VIII · Ln 12
Total expenses
$55K
Pt IX · Ln 25
Net assets
$20K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $6K
Where spending went · Part IX cols B–D
Program services $0.61 Management & general $0.33 Fundraising $0.05
Program efficiency
61%
of spending reaches programs
Operating runway
4.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+10%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$61K
FY2020
Expenses
$55K
FY2020
Total assets
$20K
FY2020
Total liabilities
$488
FY2020
Total revenue
$61K
Pt VIII · Ln 12
Total expenses
$55K
Pt IX · Ln 25
Net assets
$20K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$6K
Total assetsPt X · Ln 16$20K
Program-expense ratioPt IX · col B61%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

2 program services account for $34K of program spending, described in the organization's own filed words · FY2020.
01

Performance of good works and evangelism throughout nairobi, kenya, especially to the poor and disadvantaged in places like the kibera slums.

$22Kprogram expense
02

Performance of good works and evangelism throughout mumbai, india, especially to the poor and disadvantaged in places like the dharavi slums.

$12Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPhokos Nfp
EINHdr · item D47-5074767
Principal addressHdr · item CArcola, IL
WebsiteHdr · item Jwww.phokos.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJul 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
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
President
$6,865Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2021FY2020
Corey Fifield$7,224$6,865
Corey Fifield$6,865

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.

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Statement of Revenue

Part VIII
Contributions & grants100%$61K
Investment income$51
Total revenueLn 12$61K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.61 Management & general $0.33 Fundraising $0.05
Program services61%$34K
Management & general33%$18K
Fundraising5%$3K
Total functional expensesLn 25$55K

Balance Sheet

Part X · end of year
CashLn 1$20K
Total assetsLn 16$20K
Total liabilitiesLn 26$488
Total net assetsLn 32$20K
Months of cash on handcomputed4.4

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $20K · Operating expenses/yr $55K
4.4 months
Where the money goes
Program services
Program services $34K · Total expenses $55K
61%
Management & General
Management & general $18K · Total expenses $55K
33%
Fundraising
Fundraising $3K · Total expenses $55K
5%
Cost to raise $1
Fundraising expense $3K · Solicited contributions $61K
$0.05 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $61K · Total revenue $61K
100%
Government reliance
Government grants — · Total revenue $61K
Earned-income share
Program service revenue $0 · Total revenue $61K
0%
Investment reliance
Investment income $51 · Total revenue $61K
+0.08%
Program self-sufficiency
Program service revenue $0 · Total expenses $55K
0%
Growth & trend
Revenue growth (YoY)
This year $61K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $20K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $61K · Expenses $55K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $20K
Net-asset ratio
Net assets $20K · Total assets $20K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $20K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Corey Fifield · Reported title PRESIDENT · Highest reported compensation $7K · Total expenses $55K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $7K · Total expenses $55K
13%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 61%
Overhead ratio 33%
Fundraising cost ratio 5%
Legal fee ratio 2%
Accounting fee ratio 9%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$58K

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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)$100K revenue · ⤓ 990 PDF
FY2023$117K revenue · ⤓ 990 PDF
FY2022$110K revenue · ⤓ 990 PDF
FY2021$84K revenue · ⤓ 990 PDF
FY2020$61K 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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