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Phare Warrior EIN 87-1699864

Phare Warrior

EIN  87-1699864 Religious organization Westfield, IN
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Size
$100K–1M
What they do
Provides charitable, scientific, religious, and educational services.
Leadership
Robert Loy · Director · $14K
Money in and out
$302K revenue, $230K expenses
Bottom line
78% program efficiency

Provides charitable, scientific, religious, and educational services. For fiscal year 2024 it reported $302K in revenue, $230K in expenses, and $81K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$302K
Pt VIII · Ln 12
Total expenses
$230K
Pt IX · Ln 25
Net assets
$81K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $72K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.22
Program efficiency
78%
of spending reaches programs0% vs prior filing year
Operating runway
4.7mo
months of highly liquid reserves at operating expense rate▲ +488% vs prior filing year
Surplus margin
+24%
revenue over expenses, this year▲ +144% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$302K
FY2024▲ +87%
Expenses
$230K
FY2024▼ -7%
Total assets
$88K
FY2024▲ +306%
Total liabilities
$7K
FY2024▼ -42%
Total revenue
$302K
Pt VIII · Ln 12
Total expenses
$230K
Pt IX · Ln 25
Net assets
$81K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$72K
Total assetsPt X · Ln 16$88K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $180K of program spending, described in the organization's own filed words · FY2024.
01

Phare warrior exists as a public benefit corporation, which is organized for a public or charitable purpose teaching and helping families build community bonds for a common good of betterment through health: physical, mental, spiritual and relational health.

$180Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPhare Warrior
EINHdr · item D87-1699864
Principal addressHdr · item CWestfield, IN
WebsiteHdr · item Jpharewarrior.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFOct 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b6
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Robert Loy
Director
$13,500Pt VII · Sec A
$1,250Pt VII · Sec A
Mark Vare
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Brian Austin
Director
$0Pt VII · Sec A
Matt Boor
Director
$0Pt VII · Sec A

Robert Loy’s $14K as Director is at the 10th percentile of top reported officer pay among 2136 $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 · 3 named individuals · Part VII

NameFY2024FY2023
Robert Loy$13,500$15,000
Justin Masterson$1,250—
Michael Hosking—$50

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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Statement of Revenue

Part VIII
Contributions & grants$274K · 91%
Program service revenue$57K · 19%
Contributions & grants91%$274K
Program service revenue19%$57K
Investment income$422
Total revenueLn 12$302K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.22
Program services78%$180K
Management & general22%$50K
Total functional expensesLn 25$230K

Balance Sheet

Part X · end of year
CashLn 1$88K
Total assetsLn 16$88K
Total liabilitiesLn 26$7K
Total net assetsLn 32$81K
Months of cash on handcomputed4.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $88K · Operating expenses (Pt IX) $230K · Less non-cash grants $5K · Cash operating expenses/yr $225K
4.7 months
Where the money goes
Program services
Program services $180K · Total expenses $230K
78%
Management & General
Management & general $50K · Total expenses $230K
22%
Fundraising
Fundraising $0 · Total expenses $230K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $13K · Solicited contributions (3-yr avg) $220K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $274K · Total revenue $302K
91%
Government reliance
Government grants — · Total revenue $302K
—
Earned-income share
Program service revenue $57K · Total revenue $302K
19%
Investment reliance
Investment income $422 · Total revenue $302K
0%
Program self-sufficiency
Program service revenue $57K · Total expenses $230K
25%
Growth & trend
Revenue growth (YoY)
This year $302K · Prior year $161K
+87%
Net-asset trend (YoY)
End of year $81K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $302K · Expenses $230K
+24%
Liabilities-to-Assets
Total liabilities — · Total assets $88K
—
Net-asset ratio
Net assets $81K · Total assets $88K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $88K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Robert Loy · Reported title DIRECTOR · Highest reported compensation $14K · Total expenses $230K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $230K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%——
Overhead ratio 22%——
Fundraising cost ratio 0%——
Revenue growth 87%——
Accounting fee ratio 1%——

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
Shunpike Charitable FoundationFY2024$40K
Natl Christian Charitable Fdn INCFY2024$20K
National Philanthropic TrustFY2024$8K
The@fortress FoundationFY2024$800
Total grants receivedfrom 4 funders$68K
See all 4 funders →

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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
FY2024 (Latest)$302K revenue · viewing · ⤓ 990 PDF
FY2023$161K revenue · ⤓ 990 PDF
FY2022$260K revenue · ⤓ 990 PDF
FY2021$35K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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