His1040 INC EIN 54-2059311 Form 990 (PDF) Claim this org

His1040 INC

Not yet claimed Claim this org →

Empower native missionaries to share faith with unreached people. For fiscal year 2020 it reported $525K in revenue, $495K in expenses, and $37K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Virginia Beach, VA
Filings
2 on file (2019–2020)
Revenue
$525KFY2020
Expenses
$495K
Net assets
$37K
People
3
Filings
2
Updates
0
More identity details & actions ⌄
EIN  54-2059311 Unknown exempt organization Virginia Beach, VA
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until His1040 INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Empower native missionaries to share faith with unreached people.
Leadership
Fredrick Virtucio · Director
Money in and out
$525K revenue, $495K expenses
Bottom line
+6% surplus margin
Reported financial activity · FY2020
Total revenue
$525K
Pt VIII · Ln 12
Total expenses
$495K
Pt IX · Ln 25
Net assets
$37K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $30K
Where spending went · Part IX cols B–D
Program services $1.00 Management & general $0.00 Fundraising $0.00
Surplus margin
+6%
revenue over expenses, this year▲ +414% vs prior filing year
Program spending
100%
of expenses reach programs▲ +0.8% vs prior filing year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$525K
FY2020▲ +119%
Expenses
$495K
FY2020▲ +103%
Total assets
$37K
FY2020▲ +403%
Total liabilities
$2
FY2020▼ -100%
Total revenue
$525K
Pt VIII · Ln 12
Total expenses
$495K
Pt IX · Ln 25
Net assets
$37K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$30K
Total assetsPt X · Ln 16$37K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHis1040 INC
EINHdr · item D54-2059311
Principal addressHdr · item CVirginia Beach, VA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
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
$0Pt VII · Sec A
Treasurerdirector
$0Pt VII · Sec A
Founderdirector
$0Pt VII · Sec A
See His1040 INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

1 program service account for $493K of program spending, described in the organization's own filed words · FY2020.
01

Highlights of 2020--Due to the global pandemic that continued into 2020, HIS1040 provided a tremendous amount of relief to underserved people groups in remote areas. There were 3 waves of distributions that included food, water, medicine and blankets. HIS1040 continued to install wells with handpumps in remote tribal areas.

$493Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants100%$525K
Investment income$2
Total revenueLn 12$525K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00 Fundraising $0.00
Program services100%$493K
Management & general$2K
Fundraising$104
Total functional expensesLn 25$495K

Balance Sheet

Part X · end of year
CashLn 1$37K
Total assetsLn 16$37K
Total liabilitiesLn 26$2
Total net assetsLn 32$37K
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $37K · Operating expenses/yr $495K
0.9 months
Where the money goes
Program services
Program services $493K · Total expenses $495K
100%
Management & General
Management & general $2K · Total expenses $495K
0.4%
Fundraising
Fundraising $104 · Total expenses $495K
0.02%
Cost to raise $1
Fundraising expense (2-yr avg) $154 · Solicited contributions (2-yr avg) $382K
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $525K · Total revenue $525K
100%
Government reliance
Government grants — · Total revenue $525K
Earned-income share
Program service revenue $0 · Total revenue $525K
0%
Investment reliance
Investment income $2 · Total revenue $525K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $495K
0%
Growth & trend
Revenue growth (YoY)
This year $525K · Prior year $240K
+119%
Net-asset trend (YoY)
End of year $37K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $525K · Expenses $495K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $37K
Net-asset ratio
Net assets $37K · Total assets $37K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $37K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Fredrick Virtucio · Reported title Director · Highest reported compensation $0 · Total expenses $495K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $495K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0.4%
Fundraising cost ratio 0.02%
Revenue growth 119%

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.

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2020 (Latest)$525K revenue · viewing · ⤓ 990 PDF
FY2019$240K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

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

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

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 peer-cohort and compensation comparisons above.