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415 Leaders INC

Tax-deductible

Red Oak, TX501(c)(3) EIN 84-3483746Revenue $71K in FY2024

On file with the IRSfatherinitiative.com777 S Interstate 35e Bldg 4, 75154-0000 · Red Oak, TXTax-exempt since May 2022Publicly supported charity — 170(b)(1)(A)(vi)

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The father initiative exists to multiply spiritual fathers and mothers to multiply churches. We DO that by training healthy pastors of established churches how to multiply their impact by mentoring the next generation of church Leaders, specifically those who are starting new churches. We equip those mentor pastors with scalable tools, content, and resources to support younger pastors and church planters on a multi-year mentoring journey. The majority of new church planters feel isolated and alone and would benefit significantly by having the support of a seasoned ministry leader. By connecting to a mentor pastor through the father initiative, younger pastors and church planters experience greater personal health and effectiveness, and have a support system in place to foster increased longevity and community impact.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 21 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
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
3 of 4
filings with a surplus
Average deficit $21K a year · 5% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$424
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
$71K
-82% vs prior year
Spent
$60K
To programs
83%
Net assets
$25K
By yearFY2020–FY2024
Revenue
$71K
FY2024▼ -82%
Tap a bar for its year
Revenue by fiscal year
FY2020$435K
FY2022$914K
FY2023$386K
FY2024$71K
Expenses
$60K
FY2024▼ -92%
Tap a bar for its year
Expenses by fiscal year
FY2020$263K
FY2022$848K
FY2023$720K
FY2024$60K
Net assets
$25K
FY2024▲ +77%
Tap a bar for its year
Net assets by fiscal year
FY2020$172K
FY2022$348K
FY2023$14K
FY2024$25K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2022.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $50K Management & general 17% · $10K

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.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Ken Marks
Treasurer
$0Pt VII · Sec A
Tylor Ritz
Secretary
$0Pt VII · Sec A
Scott Wilson
Chairman
$0Pt VII · Sec A
See 415 Leaders INC 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

Trains established pastors to mentor new church leaders and planters.

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Provided by the organization

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3 programs · $50K · in their own filed words · FY2024
01

Training existing pastors to serve as mentors and coaches to younger pastors and church planters.

$50Kprogram expense
02

Identifying, recruiting and connecting younger pastors and church planters with trained mentor pastors and coaches.

Pt IX · col B
03

Assisting the churches of mentor pastors to prepare to serve church planters.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Natl Christian Charitable Fdn INCFY2022$100K
Total grants receivedfrom 1 funder$100K
Grants paid · 1 grant · $50K · 2024–2024
Ready Set Grow ChurchFY2024$50,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$71K
Ln 12
Gifts and grantsLn 1h$71K
Investment incomeLn 3$6
Money outPt IX
$60K
Ln 25
Programscol B$50K
Managementcol C$10K
Owns and owesPt X
$25K
net assets · Ln 32
Cash and savingsLn 1–2$26K
Total assetsLn 16$26K
LiabilitiesLn 26$424
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$71K
Investment incomeLn 3$6
Total revenueLn 12$71K
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$14K
Cash and savings togetherLn 1–2$26K
Total assetsLn 16$26K
LiabilitiesLn 26$424
Net assetsLn 32$25K
OperationsPt I, VI
EmployeesI 50
VolunteersI 621
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$25K$26K
Total assetsLn 16$147K$26K
LiabilitiesLn 26$133K$424
Net assetsLn 32$14K$25K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$50K$50K
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$250$250
Office expensesLn 13$630$630
Information technologyLn 14$44$44
Other expenses (24a–d)Ln 24$4K$4K
Total functional expensesLn 25$60K$50K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $71K$60K$11K$25K 990 PDF
FY2023 $386K$720K−$334K$14K 990 PDF
FY2022 $914K$848K$66K$348K 990 PDF
FY2021 Not on file
FY2020 $435K$263K$172K$172K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $71,386 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $385,741$71,380
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $140$6
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $385,881$71,386
I-13 Grants and similar amounts paidPrior year $0$50,000
I-14 Benefits paid to membersPrior year $3,000$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $717,069$10,377
I-18 Total expensesPrior year $720,069$60,377
I-19 Revenue less expensesPrior year −$334,188$11,009
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $71,386 across 4 lines filed
VIII-1f All other contributions, gifts and grants$71,380
VIII-1h Total contributions, gifts and grants$71,380
VIII-3 Investment incomeExcluded from tax $6$6
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $6$71,386
Part IX · Statement of functional expenses $60,377 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $50,000$50,000
IX-11c Accounting feesManagement $5,385$5,385
IX-12 Advertising and promotionPrograms $250$250
IX-13 Office expensesManagement $630$630
IX-14 Information technologyPrograms $44$44
IX-24 Other expenses (24a–d)Management $4,068$4,068
IX-25 Total functional expensesPrograms $50,294 · Management $10,083 · Fundraising $0$60,377
Part X · Balance sheet $25,690 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $5,732$11,400
X-2 Savings and temporary cash investmentsStart of year $19,285$14,290
X-4 Accounts receivableStart of year $122,475$0
X-16 Total assetsStart of year $147,492$25,690
X-17 Accounts payable and accrued expensesStart of year $133,235$424
X-26 Total liabilitiesStart of year $133,235$424
X-32 Total net assets or fund balancesStart of year $14,257$25,266
X-33 Total liabilities and net assetsStart of year $147,492$25,690
Part XI · Reconciliation of net assets $25,266 net assets at year end
XI-1 Total revenue$71,386
XI-2 Total expenses$60,377
XI-3 Revenue less expenses$11,009
XI-4 Net assets at start of year$14,257
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$25,266

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

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