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Carolina Movement INC

Tax-deductible

Concord, NC501(c)(3)Religion EIN 84-3179238Revenue $285K in FY2022Latest return filed Feb 20, 2024

On file with the IRScarolinamovement.comConcord, NCTax-exempt since Mar 2023Church

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Church planting support organization that helps every church become a planting church by connecting new church plants with our network of supporting churches and other organizations through financial support campaigns.

501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
Run by 20 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2022 · 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
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$68K
to officers and key staff · 24% of spending
Top officer’s pay lower than 54% of similar orgs
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 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
$285K
Spent
$281K
To programs
57%
Net assets
$44K

From the FY2022 Form 990 · see the original

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Is it real?

Yes. Exemption reinstated (2022-05-15). Per the IRS revocation list. Latest filing on record: FY2022. IRS ruling in Mar 2023.

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

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $160K Management & general 43% · $121K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990; $68K paid to officers and key staff.

Part VII, Section A · reportable compensation
Corey Alley
Executive Director
$45,000Pt VII · Sec A
Chris Hankins
Movement Leader/President
$22,500Pt VII · Sec A
$0Pt VII · Sec A
Joe Monk
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Corey Alley’s $45K as Executive Director is at the 46th 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.

See Carolina Movement INC executive salaries →

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

Connects new church plants with supporting churches and resources for growth.

Questions for Carolina Movement INC

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1 program · $160K · in their own filed words · FY2022
01

Financial support raised from sending churches and given directly to individual church plants.

$160Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$285K
Ln 12
Gifts and grantsLn 1h$278K
Fees for servicesLn 2g$8K
Money outPt IX
$281K
Ln 25
Programscol B$160K
Managementcol C$121K
Owns and owesPt X
$44K
net assets · Ln 32
Cash and savingsLn 1–2$47K
Total assetsLn 16$47K
LiabilitiesLn 26$3K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$278K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$8K
Total revenueLn 12$285K
Assets in detailPt X, end of year
CashLn 1$47K
Cash and savings togetherLn 1–2$47K
Total assetsLn 16$47K
LiabilitiesLn 26$3K
Net assetsLn 32$44K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$46K$47K
Total assetsLn 16$46K$47K
LiabilitiesLn 26$6K$3K
Net assetsLn 32$40K$44K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$160K$160K
Pay of current officers, directors and key staffLn 5$68K$68K
Management feesLn 11a$10K$10K
Legal feesLn 11b$0
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$18K$18K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$15K$15K
Total functional expensesLn 25$281K$160K$121K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest ViewingFiled with the IRS Feb 20, 2024 $285K$281K$5K$44K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $285,473 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $166,938$277,659
I-9 Program service revenuePrior year $4,392$7,814
I-10 Investment incomePrior year $0$0
I-11 Other revenue$0
I-12 Total revenuePrior year $171,330$285,473
I-13 Grants and similar amounts paidPrior year $116,874$159,537
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $30,088$67,503
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $17,979$53,888
I-18 Total expensesPrior year $164,941$280,928
I-19 Revenue less expensesPrior year $6,389$4,545
Part VI · Governance 3 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $285,473 across 9 lines filed
Lines not itemized here account for $7,814 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$277,659
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$277,659
VIII-12 Total revenueRelated to mission $7,814 · Unrelated business $0 · Excluded from tax $0$285,473
Part IX · Statement of functional expenses $280,928 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $159,537$159,537
IX-5 Pay of current officers, directors and key staffManagement $67,503$67,503
IX-11a Management feesManagement $10,015$10,015
IX-11b Legal fees$0
IX-11c Accounting feesManagement $5,481$5,481
IX-12 Advertising and promotionManagement $3,725$3,725
IX-13 Office expensesManagement $17,866$17,866
IX-17 TravelManagement $1,500$1,500
IX-19 Conferences, conventions and meetingsManagement $15,301$15,301
IX-25 Total functional expensesPrograms $159,537 · Management $121,391 · Fundraising $0$280,928
Part X · Balance sheet $47,351 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $45,862$47,351
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-16 Total assetsStart of year $45,862$47,351
X-17 Accounts payable and accrued expensesStart of year $6,202$3,135
X-26 Total liabilitiesStart of year $6,202$3,135
X-27 Net assets without donor restrictionsStart of year $39,660$44,216
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $39,660$44,216
X-33 Total liabilities and net assetsStart of year $45,862$47,351
Part XI · Reconciliation of net assets $44,216 net assets at year end
XI-1 Total revenue$285,473
XI-2 Total expenses$280,928
XI-3 Revenue less expenses$4,545
XI-4 Net assets at start of year$39,660
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$11
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$44,216

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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