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Verbum Spei FY2024 filing

Tax-deductible

Boise, ID501(c)(3)ReligionEIN 83-4572856Revenue $422K in FY2024

On file with the IRS804 N 9th St, 83702-5407 · Boise, IDTax-exempt since Jan 2021Publicly supported — 509(a)(2)

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Purpose of the corporation is exculsively religious, charitable, or educational

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · 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
5 of 5
filings with a surplus
Average surplus $135K a year · 45% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
35 mo
of spending, in cash
Looks good: 35.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $39K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$422K
+30% vs prior year
Spent
$225K
To programs
100%
Net assets
$660K
By yearFY2020–FY2025
Revenue
$422K
FY2024▲ +30%
Tap a bar for its year
Revenue by fiscal year
FY2020$85K
FY2021$338K
FY2022$204K
FY2023$326K
FY2024$422K
FY2025$193K
Expenses
$225K
FY2024▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$109K
FY2022$154K
FY2023$182K
FY2024$225K
FY2025$141K
Net assets
$660K
FY2024▲ +43%
Tap a bar for its year
Net assets by fiscal year
FY2020$24K
FY2021$253K
FY2022$318K
FY2023$463K
FY2024$660K
FY2025$713K

From the FY2024 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2024 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 Jan 2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $225K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
Roger Batt
Secretary
$0Pt VII · Sec A
Dominic Faure
President
$0Pt VII · Sec A
See Verbum Spei 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

Provides religious, charitable, or educational services.

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Provided by the organization

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1 program · $96K · in their own filed words · FY2024
01

Purpose of the corporation is exculsively religious, charitable, or educational.

$96Kprogram 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
Donor Advised Charitable Giving INCFY2024$20K
Fidelity Investments Charitable Gift FundFY2024$17K
Angels Among US INCFY2024$2K
Total grants receivedfrom 3 funders$39K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$422K
Ln 12
Gifts and grantsLn 1h$402K
Investment incomeLn 3$20K
Money outPt IX
$225K
Ln 25
Programscol B$225K
Owns and owesPt X
$660K
net assets · Ln 32
Cash and savingsLn 1–2$660K
Total assetsLn 16$660K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$402K
Investment incomeLn 3$20K
Total revenueLn 12$422K
Assets in detailPt X, end of year
CashLn 1$660K
Cash and savings togetherLn 1–2$660K
Total assetsLn 16$660K
LiabilitiesLn 26$0
Net assetsLn 32$660K
OperationsPt I, VI
EmployeesI 50
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 FY24End FY24
Cash and savingsLn 1–2$463K$660K
Total assetsLn 16$463K$660K
LiabilitiesLn 26$0$0
Net assetsLn 32$463K$660K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$26K$26K
Office expensesLn 13$5K$5K
OccupancyLn 16$9K$9K
TravelLn 17$69K$69K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$75K$75K
All other expensesLn 24e$27K$27K
Total functional expensesLn 25$225K$225K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $193K$141K$53K$713K 990 PDF
FY2024 Viewing $422K$225K$198K$660K 990 PDF
FY2023 $326K$182K$144K$463K 990 PDF
FY2022 $204K$154K$50K$318K 990 PDF
FY2021 $338K$109K$229K$253K 990 PDF
FY2020 $85K$24K 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 FY2024 990 (6 parts)
Part I · Summary $422,191 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $315,990$401,986
I-9 Program service revenue$0
I-10 Investment incomePrior year $9,906$20,205
I-11 Other revenue$0
I-12 Total revenuePrior year $325,896$422,191
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 $181,638$224,691
I-18 Total expensesPrior year $181,638$224,691
I-19 Revenue less expensesPrior year $144,258$197,500
Part VI · Governance 0 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
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 $422,191 across 4 lines filed
VIII-1f All other contributions, gifts and grants$401,986
VIII-1h Total contributions, gifts and grants$401,986
VIII-3 Investment incomeRelated to mission $20,205$20,205
VIII-12 Total revenueRelated to mission $20,205$422,191
Part IX · Statement of functional expenses $224,691 across 7 lines filed
IX-11g Other fees for servicesPrograms $25,610$25,610
IX-13 Office expensesPrograms $5,389$5,389
IX-16 OccupancyPrograms $8,937$8,937
IX-17 TravelPrograms $68,863$68,863
IX-23 InsurancePrograms $14,024$14,024
IX-24 Other expenses (24a–d)Programs $74,698$74,698
IX-24e All other expensesPrograms $27,170$27,170
IX-25 Total functional expensesPrograms $224,691 · Management $0 · Fundraising $0$224,691
Part X · Balance sheet $660,307 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $462,807$660,307
X-16 Total assetsStart of year $462,807$660,307
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $462,807$660,307
X-32 Total net assets or fund balancesStart of year $462,807$660,307
X-33 Total liabilities and net assetsStart of year $462,807$660,307
Part XI · Reconciliation of net assets $660,307 net assets at year end
XI-1 Total revenue$422,191
XI-2 Total expenses$224,691
XI-3 Revenue less expenses$197,500
XI-4 Net assets at start of year$462,807
XI-10 Net assets at end of year$660,307

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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