Unchartered Waters FY2024 filing

Tax-deductible

Lynchburg, VA501(c)(3)ReligionEIN 84-1369489Revenue $373K in FY2024

On file with the IRSuwsportsministry.org4026 Wards Rd Ste G1, 24502-0060 · Lynchburg, VATax-exempt since May 1997Publicly supported charity — 170(b)(1)(A)(vi)

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The organization is an equipping ministry that enhances the vision of the church by providing sports-related resources for the effective communication of the gospel

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$69K 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

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
4 of 6
filings with a surplus
Average surplus $18K a year · 5% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$69K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
−$2K
-2% of total assets
Looks good: liabilities are -2% 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
$373K
-5% vs prior year
Spent
$371K
To programs
82%
Net assets
$86K
By yearFY2020–FY2025
Revenue
$373K
FY2024▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$221K
FY2021$439K
FY2022$390K
FY2023$395K
FY2024$373K
FY2025$367K
Expenses
$371K
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$305K
FY2021$283K
FY2022$349K
FY2023$361K
FY2024$371K
FY2025$405K
Net assets
$86K
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020−$145K
FY2021$10K
FY2022$49K
FY2023$83K
FY2024$86K
FY2025$47K

From the FY2024 Form 990 (year ending September 2024) · see the original

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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 May 1997.

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% · $306K Management & general 15% · $55K Fundraising 3% · $11K

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; $69K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$69,037Pt VII · Sec A
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Cory Bradow’s $69K as President is at the 70th 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2020
Timothy Conrad——$71,650
Cory Bradow$69,037$65,326—

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 Unchartered Waters 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 15aYes

Programs and updates

Equips churches with sports resources to share the Gospel effectively.

Provided by the organization

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1 program · $306K · in their own filed words · FY2023
01

Provide an equipping ministry that enhances the vision of the church by providing leadership, training, and direction for the effective communication of the Gospel in the United States and around the world by using sports-related resources

$306Kprogram 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 1 funder$30K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$373K
Ln 12
Gifts and grantsLn 1h$223K
Fees for servicesLn 2g$135K
Other incomeLn 4–11$15K
Money outPt IX
$371K
Ln 25
Programscol B$306K
Managementcol C$55K
Fundraisingcol D$11K
Owns and owesPt X
$86K
net assets · Ln 32
Cash and savingsLn 1–2$84K
Total assetsLn 16$84K
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$223K
Fees for servicesLn 2g$135K
Investment incomeLn 3$14
Other incomeLn 4–11$15K
Total revenueLn 12$373K
Assets in detailPt X, end of year
CashLn 1$84K
Cash and savings togetherLn 1–2$84K
Total assetsLn 16$84K
LiabilitiesLn 26−$2K
Net assetsLn 32$86K
OperationsPt I, VI
EmployeesI 568
VolunteersI 61,200
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$83K$84K
Total assetsLn 16$83K$84K
LiabilitiesLn 26$77−$2K
Net assetsLn 32$83K$86K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$906$906
Pay of current officers, directors and key staffLn 5$69K$45K$14K$10K
Other salaries and wagesLn 7$116K$97K$20K
Other employee benefitsLn 9$10K$9K$974
Payroll taxesLn 10$14K$11K$3K
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$17K$5K$12K$170
Information technologyLn 14$3K$3K
OccupancyLn 16$9K$7K$2K
InsuranceLn 23$4K$3K$1K
Other expenses (24a–d)Ln 24$122K$121K$935
All other expensesLn 24e$218$218
Total functional expensesLn 25$371K$306K$55K$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $367K$405K−$38K$47K 990 PDF
FY2024 Viewing $373K$371K$2K$86K 990 PDF
FY2023 $395K$361K$34K$83K 990 PDF
FY2022 $390K$349K$40K$49K 990 PDF
FY2021 $439K$283K$155K$10K 990 PDF
FY2020 $221K$305K−$83K−$145K 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 $373,370 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $245,652$223,457
I-9 Program service revenuePrior year $148,738$135,030
I-10 Investment incomePrior year $31$14
I-11 Other revenuePrior year $271$14,869
I-12 Total revenuePrior year $394,692$373,370
I-13 Grants and similar amounts paidPrior year $650$906
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $189,768$209,288
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $170,183$161,095
I-18 Total expensesPrior year $360,601$371,289
I-19 Revenue less expensesPrior year $34,091$2,081
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $373,370 across 6 lines filed
VIII-1f All other contributions, gifts and grants$223,457
VIII-1h Total contributions, gifts and grants$223,457
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $135,030$135,030
VIII-3 Investment incomeRelated to mission $14$14
VIII-5 RoyaltiesRelated to mission $14,869$14,869
VIII-12 Total revenueRelated to mission $149,913 · Unrelated business $0 · Excluded from tax $0$373,370
Part IX · Statement of functional expenses $371,289 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $906$906
IX-5 Pay of current officers, directors and key staffPrograms $44,874 · Management $13,807 · Fundraising $10,356$69,037
IX-7 Other salaries and wagesPrograms $96,552 · Management $19,776$116,328
IX-9 Other employee benefitsPrograms $8,769 · Management $974$9,743
IX-10 Payroll taxesPrograms $10,919 · Management $3,261$14,180
IX-11c Accounting feesManagement $1,000$1,000
IX-12 Advertising and promotionPrograms $5,107$5,107
IX-13 Office expensesPrograms $4,954 · Management $11,957 · Fundraising $170$17,081
IX-14 Information technologyPrograms $3,023$3,023
IX-16 OccupancyPrograms $7,253 · Management $1,813$9,066
IX-23 InsurancePrograms $2,853 · Management $1,165$4,018
IX-24 Other expenses (24a–d)Programs $120,647 · Management $935$121,582
IX-24e All other expensesManagement $218$218
IX-25 Total functional expensesPrograms $305,857 · Management $54,906 · Fundraising $10,526$371,289
Part X · Balance sheet $83,993 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $82,951$83,993
X-16 Total assetsStart of year $82,951$83,993
X-25 Other liabilitiesStart of year $77−$1,721
X-26 Total liabilitiesStart of year $77−$1,721
X-27 Net assets without donor restrictionsStart of year $82,874$85,714
X-32 Total net assets or fund balancesStart of year $82,874$85,714
X-33 Total liabilities and net assetsStart of year $82,951$83,993
Part XI · Reconciliation of net assets $85,714 net assets at year end
XI-1 Total revenue$373,370
XI-2 Total expenses$371,289
XI-3 Revenue less expenses$2,081
XI-4 Net assets at start of year$82,874
XI-8 Prior period adjustments$759
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$85,714

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

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