Make a Difference Endowment INC EIN 87-3917633

Make a Difference Endowment INC FY2022 filing

EIN  87-3917633 Supporting organization Irondale, AL
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →
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Size
<$100K
What they do
Supports charitable, scientific, educational, and religious activities for a specific church.
Leadership
Bishop Vanable H Moody II · President/ Executive Director
Money in and out
$563K revenue, $79K expenses
Bottom line
+86% net inflow

Supports charitable, scientific, educational, and religious activities for a specific church. For fiscal year 2022 it reported $563K in revenue, $79K in expenses, and $785K in net assets.Pt I

Money in and out · FY2022
Total revenue
$563K
Pt VIII · Ln 12
Total expenses
$79K
Pt IX · Ln 25
Net assets
$785K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $485K
Where spending went · Part IX cols B–D
Program services $0.44 Management & general $0.42 Fundraising $0.14
Net inflow
+86%
revenue over expenses, this year
Pass-through gifts
104%
of revenue from contributions
Program spending
44%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$563K
FY2022
Expenses
$79K
FY2022
Total assets
$798K
FY2022
Total liabilities
$13K
FY2022
Total revenue
$563K
Pt VIII · Ln 12
Total expenses
$79K
Pt IX · Ln 25
Net assets
$785K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$485K
Total assetsPt X · Ln 16$798K
Program-expense ratioPt IX · col B44%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $35K of program spending, described in the organization's own filed words · FY2022.
01

The purpose of the endowment corporation is to benefit and support the charitable, scientific, educational and religious purposes of the worship center christian church inc.

$35Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMake a Difference Endowment INC
EINHdr · item D87-3917633
Principal addressHdr · item CIrondale, AL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFAug 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
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
President/ Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Make a Difference Endowment INC executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$586K · 104%
Investment income$7K · 1%
Contributions & grants104%$586K
Investment income1%$7K
Total revenueLn 12$563K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.44 Management & general $0.42 Fundraising $0.14
Program services44%$35K
Management & general42%$33K
Fundraising14%$11K
Total functional expensesLn 25$79K

Balance Sheet

Part X · end of year
CashLn 1$798K
Total assetsLn 16$798K
Total liabilitiesLn 26$13K
Total net assetsLn 32$785K
Months of cash on handcomputed121.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $798K · Operating expenses/yr $79K
121.9 months
Where the money goes
Program services
Program services $35K · Total expenses $79K
44%
Management & General
Management & general $33K · Total expenses $79K
42%
Fundraising
Fundraising $11K · Total expenses $79K
14%
Cost to raise $1
Fundraising expense $11K · Solicited contributions $586K
$0.02 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $586K · Total revenue $563K
104%
Government reliance
Government grants — · Total revenue $563K
Earned-income share
Program service revenue $0 · Total revenue $563K
0%
Investment reliance
Investment income $7K · Total revenue $563K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $79K
0%
Growth & trend
Revenue growth (YoY)
This year $563K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $785K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $563K · Expenses $79K
+86%
Liabilities-to-Assets
Total liabilities — · Total assets $798K
Net-asset ratio
Net assets $785K · Total assets $798K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $798K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Bishop Vanable H Moody II · Reported title PRESIDENT/ EXECUTIVE DIRECTOR · Highest reported compensation $0 · Total expenses $79K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $79K
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $11K · Gross raised $50K
21%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 44%
Overhead ratio 42%
Fundraising cost ratio 2%
Legal fee ratio 35%
Fundraising fee ratio 13%

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 · this organization's grantmaking
Grants paid · 1 grant · $10K · 2022–2022
Hoover High School Football Co Hoover City Board of EducationFY2022$10,479

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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
FY2023 (Latest)$24K revenue · ⤓ 990 PDF
FY2022$563K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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