Vertical First Foundation FY2023 filing

Tax-deductible

Rochester Hls, MI501(c)(3)Since 2015ReligionEIN 47-5368148Revenue $171K in FY2023

On file with the IRSdaveandannwilson.com3313 Salem CT, 48306-3054 · Rochester Hls, MITax-exempt since Dec 2015Publicly supported charity — 170(b)(1)(A)(vi)

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Proclaiming the good news of salvation through faith in jesus christ to men and women through programs in churches, conferences, on the radio, and through writing. Leading men and women to christ; building and training them in their walk with christ; and sending them to the world to win and build others.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$105K 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

FY2023 · 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
1 of 5
filings with a surplus
Average deficit $12K a year · 6% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 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
$105K
to officers and key staff · 58% of spending
Concern: pay to officers and key staff is 58% of spending; over 30%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $32K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$171K
-42% vs prior year
Spent
$182K
To programs
87%
Net assets
$48K
By yearFY2020–FY2025
Revenue
$171K
FY2023▼ -42%
Tap a bar for its year
Revenue by fiscal year
FY2020$141K
FY2021$183K
FY2022$295K
FY2023$171K
FY2024$185K
FY2025$222K
Expenses
$182K
FY2023▼ -44%
Tap a bar for its year
Expenses by fiscal year
FY2020$156K
FY2021Not on file
FY2022$324K
FY2023$182K
FY2024$203K
FY2025$207K
Net assets
$48K
FY2023▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2020$82K
FY2021$89K
FY2022$59K
FY2023$48K
FY2024$30K
FY2025$45K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2015.

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% · $159K Management & general 13% · $24K

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

4 people listed on the 990; $105K paid to officers and key staff.

Part VII, Section A · reportable compensation
$105,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

David S Wilson’s $88K as President is at the 83rd percentile of top reported officer pay among 2133 $100K–1M religion 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
David S Wilson$88,000$118,000$105,000$229,715$51,000$58,000

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 Vertical First Foundation 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 15aYes

Programs and updates

Sharing salvation through Jesus Christ via churches, radio, and writing, training believers to reach others.

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Provided by the organization

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1 program · $159K · in their own filed words · FY2023
01

Spoke at conferences locally and nationally on leading a christian life. Co-hosted the nationally syndicated 'family life radio' program to speak on christian marriage and living.

$159Kprogram 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 3 funders$32K
See all 3 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$171K
Ln 12
Gifts and grantsLn 1h$156K
Fees for servicesLn 2g$16K
Money outPt IX
$182K
Ln 25
Programscol B$159K
Managementcol C$24K
Owns and owesPt X
$48K
net assets · Ln 32
Cash and savingsLn 1–2$50K
Total assetsLn 16$50K
LiabilitiesLn 26$2K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$156K
Fees for servicesLn 2g$16K
Total revenueLn 12$171K
Assets in detailPt X, end of year
CashLn 1$50K
Cash and savings togetherLn 1–2$50K
Total assetsLn 16$50K
LiabilitiesLn 26$2K
Net assetsLn 32$48K
OperationsPt I, VI
EmployeesI 52
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$64K$50K
Total assetsLn 16$64K$50K
LiabilitiesLn 26$5K$2K
Net assetsLn 32$59K$48K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$105K$105K
Other salaries and wagesLn 7$6K$6K
Payroll taxesLn 10$459$459
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$740$740
Other fees for servicesLn 11g$698$698
Advertising and promotionLn 12$184$184
Office expensesLn 13$18K$5K$13K
Information technologyLn 14$656$656
TravelLn 17$26K$26K
Conferences, conventions and meetingsLn 19$5K$5K
Other expenses (24a–d)Ln 24$18K$17K$1K
Total functional expensesLn 25$182K$159K$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $222K$207K$15K$45K 990 PDF
FY2024 $185K$203K−$18K$30K 990 PDF
FY2023 Viewing $171K$182K−$11K$48K 990 PDF
FY2022 $295K$324K−$30K$59K 990 PDF
FY2021 $183K$89K 990 PDF
FY2020 $141K$156K−$15K$82K 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 FY2023 990 (6 parts)
Part I · Summary $171,478 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $294,713$155,797
I-9 Program service revenue$15,681
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $294,713$171,478
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $236,174$111,459
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $88,043$71,000
I-18 Total expensesPrior year $324,217$182,459
I-19 Revenue less expensesPrior year −$29,504−$10,981
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $171,478 across 4 lines filed
VIII-1f All other contributions, gifts and grants$155,797
VIII-1h Total contributions, gifts and grants$155,797
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,681$15,681
VIII-12 Total revenueRelated to mission $15,681$171,478
Part IX · Statement of functional expenses $182,459 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $105,000$105,000
IX-7 Other salaries and wagesManagement $6,000$6,000
IX-10 Payroll taxesManagement $459$459
IX-11b Legal feesManagement $1,075$1,075
IX-11c Accounting feesManagement $740$740
IX-11g Other fees for servicesManagement $698$698
IX-12 Advertising and promotionPrograms $184$184
IX-13 Office expensesPrograms $4,959 · Management $12,983$17,942
IX-14 Information technologyManagement $656$656
IX-17 TravelPrograms $26,428$26,428
IX-19 Conferences, conventions and meetingsPrograms $4,892$4,892
IX-24 Other expenses (24a–d)Programs $17,270 · Management $1,115$18,385
IX-25 Total functional expensesPrograms $158,733 · Management $23,726 · Fundraising $0$182,459
Part X · Balance sheet $50,416 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $64,124$50,416
X-16 Total assetsStart of year $64,124$50,416
X-17 Accounts payable and accrued expensesStart of year $5,001$2,274
X-26 Total liabilitiesStart of year $5,001$2,274
X-27 Net assets without donor restrictionsStart of year $59,123$48,142
X-32 Total net assets or fund balancesStart of year $59,123$48,142
X-33 Total liabilities and net assetsStart of year $64,124$50,416
Part XI · Reconciliation of net assets $48,142 net assets at year end
XI-1 Total revenue$171,478
XI-2 Total expenses$182,459
XI-3 Revenue less expenses−$10,981
XI-4 Net assets at start of year$59,123
XI-10 Net assets at end of year$48,142

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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