Carm INC FY2022 filing

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EIN 87-4009331 Religious organization Boise, ID NTEE X20
Form 990 (PDF)

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Revenue & expenses by yearFY2022–FY2024
Revenue
$305K
FY2022
Expenses
$281K
FY2022

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).


Equips churches with doctrine and helps non-believers find faith in Jesus Christ. For fiscal year 2022 it reported $305K in revenue, $281K in expenses, and $23K in net assets.Pt I

Type
Religious organization · Religion
Location
Boise, ID
Website
www.carm.org
Filings
3 on file (2022–2022)
Revenue
$305KFY2022
Expenses
$281K
Net assets
$23K
People
3
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Size
$100K–1M
What they do
Equips churches with doctrine and helps non-believers find faith in Jesus Christ.
Leadership
Matthew Slick · Executive Dir. · $82K
Money in and out
$305K revenue, $281K expenses
Bottom line
75% program efficiency
Where the money goes · FY2022
Total revenue
$305K
Pt VIII · Ln 12
Total expenses
$281K
Pt IX · Ln 25
Net assets
$23K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $23K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.20 Fundraising $0.05
Program efficiency
75%
of spending reaches programs
Operating runway
1.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+8%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$24K
FY2022
Total liabilities
$567
FY2022
Revenue less expensesPt I · Ln 19$23K
Total assetsPt X · Ln 16$24K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CCarm INC
EINHdr · item D87-4009331
Principal addressHdr · item CBoise, ID
WebsiteHdr · item Jwww.carm.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MID
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFOct 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$81,835Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Matthew Slick’s $94K as Executive Dir. is at the 86th 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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Matthew Slick$93,661$73,155$81,835

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 $211K of program spending, described in the organization's own filed words · FY2022.
01

To glorify god by equipping the church with proper christian doctrine, and to help non-believers come to a saving knowledge of jesus christ. This is done by promotion and defense of the christian gospel, doctrine, and theology.

$211Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$297K · 98%
Program service revenue$6K · 2%
Contributions & grants98%$297K
Program service revenue2%$6K
Other revenue$1K
Total revenueLn 12$305K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.20 Fundraising $0.05
Program services75%$211K
Management & general20%$56K
Fundraising5%$15K
Total functional expensesLn 25$281K

Balance Sheet

Part X · end of year
CashLn 1$24K
Total assetsLn 16$24K
Total liabilitiesLn 26$567
Total net assetsLn 32$23K
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $24K · Operating expenses/yr $281K
1.0 months
Where the money goes
Program services
Program services $211K · Total expenses $281K
75%
Management & General
Management & general $56K · Total expenses $281K
20%
Fundraising
Fundraising $15K · Total expenses $281K
5%
Cost to raise $1
Fundraising expense $15K · Solicited contributions $297K
$0.05 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $297K · Total revenue $305K
98%
Government reliance
Government grants — · Total revenue $305K
—
Earned-income share
Program service revenue $6K · Total revenue $305K
2%
Investment reliance
Investment income $0 · Total revenue $305K
0%
Program self-sufficiency
Program service revenue $6K · Total expenses $281K
2%
Growth & trend
Revenue growth (YoY)
This year $305K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $23K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $305K · Expenses $281K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $24K
—
Net-asset ratio
Net assets $23K · Total assets $24K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $24K
0%
People & payroll
Highest Reported Total Compensation
Individual Matthew Slick · Reported title Executive Dir. · Highest reported compensation $82K · Total expenses $281K
29%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $164K · Total expenses $281K
58%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%——
Overhead ratio 20%——
Fundraising cost ratio 5%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 1%——
Fundraising fee ratio 0%——

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.

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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)$325K revenue · ⤓ 990 PDF
FY2023$259K revenue · ⤓ 990 PDF
FY2022$305K 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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