Talented Foundation EIN 85-3795804 Form 990 (PDF) Claim this org

Talented Foundation FY2023 filing

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Connects experts to solve societal problems and improve community well-being. For fiscal year 2023 it reported $309K in revenue, $266K in expenses, and $83K in net assets.Pt I

Type
Religious organization · Religion
Location
Prosper, TX
Website
www.talented.ventures
Filings
5 on file (2021–2023)
Revenue
$309KFY2023
Expenses
$266K
Net assets
$83K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  85-3795804 Religious organization Prosper, TX
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
Connects experts to solve societal problems and improve community well-being.
Leadership
Ken Churchill · Director · $180K
Money in and out
$309K revenue, $266K expenses
Bottom line
64% program efficiency
Where the money goes · FY2023
Total revenue
$309K
Pt VIII · Ln 12
Total expenses
$266K
Pt IX · Ln 25
Net assets
$83K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $43K
Where spending went · Part IX cols B–D
Program services $0.64 Management & general $0.18 Fundraising $0.18
Program efficiency
64%
of spending reaches programs
Operating runway
4.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$309K
FY2023▲ +50%
Expenses
$266K
FY2023▲ +63%
Total assets
$92K
FY2023▲ +116%
Total liabilities
$9K
FY2023▲ +207%
Total revenue
$309K
Pt VIII · Ln 12
Total expenses
$266K
Pt IX · Ln 25
Net assets
$83K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$43K
Total assetsPt X · Ln 16$92K
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 41

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTalented Foundation
EINHdr · item D85-3795804
Principal addressHdr · item CProsper, TX
WebsiteHdr · item Jwww.talented.ventures
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFMay 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b1
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$180,007Pt VII · Sec A
Director (outgoing)
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Ken Churchill’s $58K as President/Secretary/Director is at the 92nd percentile of top reported officer pay among 341 <$100K 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

NameFY2025FY2024FY2023FY2022FY2021
Ken Churchill$58,484$75,500$180,007$130,146
Ken Churchill$105,500

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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $170K of program spending, described in the organization's own filed words · FY2023.
01

During 2023, Talented Ventures and Its Partners

1) Launched a national community located at medical institutions focused on understanding and practicing healthcare ethics; 2) Offered counseling to thousands of people contemplating mass murder; 3) Began to work with scholars to promote forgiving as a daily practice among people globally.

$170Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$308K
Other revenue$1K
Total revenueLn 12$309K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.18 Fundraising $0.18
Program services64%$170K
Management & general18%$49K
Fundraising18%$47K
Total functional expensesLn 25$266K

Balance Sheet

Part X · end of year
CashLn 1$92K
Total assetsLn 16$92K
Total liabilitiesLn 26$9K
Total net assetsLn 32$83K
Months of cash on handcomputed4.2

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $92K · Operating expenses/yr $266K
4.2 months
Where the money goes
Program services
Program services $170K · Total expenses $266K
64%
Management & General
Management & general $49K · Total expenses $266K
18%
Fundraising
Fundraising $47K · Total expenses $266K
18%
Cost to raise $1
Fundraising expense (2-yr avg) $40K · Solicited contributions (2-yr avg) $257K
$0.16 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $308K · Total revenue $309K
100%
Government reliance
Government grants $0 · Total revenue $309K
0%
Earned-income share
Program service revenue $0 · Total revenue $309K
0%
Investment reliance
Investment income $0 · Total revenue $309K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $266K
0%
Growth & trend
Revenue growth (YoY)
This year $309K · Prior year $207K
+50%
Net-asset trend (YoY)
End of year $83K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $309K · Expenses $266K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $92K
Net-asset ratio
Net assets $83K · Total assets $92K
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $92K
0%
People & payroll
Highest Reported Total Compensation
Individual Ken Churchill · Reported title Director · Highest reported compensation $180K · Total expenses $266K
68%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $180K · Total expenses $266K
68%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 64%
Overhead ratio 18%
Fundraising cost ratio 15%
Revenue growth 50%
Accounting fee ratio 0.4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$85K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$58K revenue · ⤓ 990 PDF
FY2024$87K revenue · ⤓ 990 PDF
FY2023$309K revenue · viewing · ⤓ 990 PDF
FY2022$207K revenue · ⤓ 990 PDF
FY2021$122K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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