The Exodus Projects FY2023 filing

Tax-deductible

Crete, IL501(c)(3)EIN 81-1200149Revenue $246K in FY2023

On file with the IRS25353 S State St Ste D, 60417-4003 · Crete, ILTax-exempt since Jun 2016Publicly supported charity — 170(b)(1)(A)(vi)

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We are a community of disciples committed to serve urban communities by adopting families, making disciples, and planting churches. Our vision is to be a bridge from the community to the church. We exist to serve the urban community, make disciples, and develop local, national and international missionaries. This ministry consists of creating and implementing various programs and activities to serve the community. The Exodus Projects provides opportunities for kids to interact with people who care about them. Just as important is that our outreach provides opportunity for our volunteers to serve, bless and show love to some of the most underserved children in america. Many of our events are non- threatening and simply consist of spending some time with often neglected children. Often our time is our witness.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $89K a year · 47% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$76K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$246K
+283% vs prior year
Spent
$84K
To programs
82%
Net assets
$242K
By yearFY2021–FY2024
Revenue
$246K
FY2023▲ +283%
Tap a bar for its year
Revenue by fiscal year
FY2021$121K
FY2022$64K
FY2023$246K
FY2024$136K
Expenses
$84K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$84K
FY2024$120K
Net assets
$242K
FY2023▲ +203%
Tap a bar for its year
Net assets by fiscal year
FY2021$125K
FY2022$80K
FY2023$242K
FY2024$259K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2016.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $69K Management & general 18% · $15K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Exodus Projects 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Serves urban communities by adopting families, making disciples, and planting churches.

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Provided by the organization

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1 program · $69K · in their own filed words · FY2023
01

We held several events for the children and the community including music in the park, praise & worship, family gathering and dessert party.

$69Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$246K
Ln 12
Gifts and grantsLn 1h$232K
Other incomeLn 4–11$14K
Money outPt IX
$84K
Ln 25
Programscol B$69K
Managementcol C$15K
Owns and owesPt X
$242K
net assets · Ln 32
Cash and savingsLn 1–2$68K
Total assetsLn 16$319K
LiabilitiesLn 26$76K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$232K
Fundraising eventsLn 1c$800
Other incomeLn 4–11$14K
Total revenueLn 12$246K
Assets in detailPt X, end of year
CashLn 1$68K
Cash and savings togetherLn 1–2$68K
Land, buildings, equipmentLn 10c$251K
Total assetsLn 16$319K
LiabilitiesLn 26$76K
Net assetsLn 32$242K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
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$80K$68K
Land, buildings, equipmentLn 10c$251K
Total assetsLn 16$80K$319K
LiabilitiesLn 26$0$76K
Net assetsLn 32$80K$242K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$4K$4K
Other fees for servicesLn 11g$931$931
Office expensesLn 13$7K$7K
OccupancyLn 16$4K$4K
TravelLn 17$879$879
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$62K$62K
All other expensesLn 24e$369$369
Total functional expensesLn 25$84K$69K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $136K$120K$16K$259K 990 PDF
FY2023 Viewing $246K$84K$162K$242K 990 PDF
FY2022 $64K$80K 990 PDF
FY2021 $121K$125K 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 $246,224 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $56,561$232,097
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $7,748$14,127
I-12 Total revenuePrior year $64,309$246,224
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $108,904$84,047
I-18 Total expensesPrior year $108,904$84,047
I-19 Revenue less expensesPrior year −$44,595$162,177
Part VI · Governance 0 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members0
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 payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $246,224 across 5 lines filed
VIII-1c Fundraising events$800
VIII-1f All other contributions, gifts and grants$231,297
VIII-1h Total contributions, gifts and grants$232,097
VIII-8 Net income from fundraising eventsExcluded from tax $14,127$14,127
VIII-12 Total revenueExcluded from tax $14,127$246,224
Part IX · Statement of functional expenses $84,047 across 9 lines filed
IX-11b Legal feesManagement $3,602$3,602
IX-11g Other fees for servicesManagement $931$931
IX-13 Office expensesManagement $6,566$6,566
IX-16 OccupancyManagement $3,806$3,806
IX-17 TravelPrograms $879$879
IX-22 Depreciation, depletion and amortizationPrograms $2,716$2,716
IX-23 InsurancePrograms $3,446$3,446
IX-24 Other expenses (24a–d)Programs $61,732$61,732
IX-24e All other expensesPrograms $369$369
IX-25 Total functional expensesPrograms $69,142 · Management $14,905 · Fundraising $0$84,047
Part X · Balance sheet $318,550 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $80,037$67,658
X-10c Land, buildings and equipment, net$250,892
X-16 Total assetsStart of year $80,037$318,550
X-24 Unsecured notes and loans payable$76,336
X-26 Total liabilitiesStart of year $0$76,336
X-27 Net assets without donor restrictionsStart of year $80,037$242,214
X-32 Total net assets or fund balancesStart of year $80,037$242,214
X-33 Total liabilities and net assetsStart of year $80,037$318,550
Part XI · Reconciliation of net assets $242,214 net assets at year end
XI-1 Total revenue$246,224
XI-2 Total expenses$84,047
XI-3 Revenue less expenses$162,177
XI-4 Net assets at start of year$80,037
XI-10 Net assets at end of year$242,214

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

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