Clearly Reformed INC

Tax-deductible

Matthews, NC501(c)(3)ReligionEIN 87-4653093

Providing Christians with Bible truths and good theology presented clearly and applied carefully to their lives and to the problems of our day.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 150 volunteers and 2 employees.
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
1 of 2
filings with a surplus
Average surplus $79K a year · 13% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$145K
to officers and key staff · 19% of spending
Top officer’s pay higher than 96% of similar orgs
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $40K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$643K
+16% vs prior year
Spent
$756K
To programs
94%
Net assets
$183K
By yearFY2023–FY2024
Revenue
$643K
FY2024▲ +16%
Revenue by fiscal year
FY2023$553K
FY2024$643K
Expenses
$756K
FY2024▲ +167%
Expenses by fiscal year
FY2023$283K
FY2024$756K
Net assets
$183K
FY2024▼ -38%
Net assets by fiscal year
FY2023$296K
FY2024$183K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

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

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $707K Management & general 6% · $48K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

9 people listed on the 990; $145K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$134,299Pt VII · Sec A
President
$7,530Pt VII · Sec A
Board Member
$3,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Barry Peterson’s $134K as Executive Director is at the 96th 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 · 3 named individuals · Part VII

NameFY2024FY2023
Barry Peterson$134,299$85,000
Kevin Deyoung$7,530$7,150
Justin Taylor$3,000—

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.

See Clearly Reformed INC executive salaries →

Are you one of these people? Claim this org to confirm your role

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 15aYes

Programs and updates

Explains Bible truths and theology for Christian life and modern challenges.

Provided by the organization

This section is blank until Clearly Reformed INC claims this page.

Know this organization? Claim it to add your story

3 program services account for $707K of program spending, described in the organization's own filed words · FY2024.
01

Biannual conference

$578Kprogram expense
02

Biannual workshop

$92Kprogram expense
03

Online website for Christian educational content

$37Kprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$40K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$643K
Ln 12
Gifts and grantsLn 1h$331K
Fees for servicesLn 2g$306K
Investment incomeLn 3$5K
Money outPt IX
$756K
Ln 25
Programscol B$707K
Managementcol C$48K
Owns and owesPt X
$183K
net assets · Ln 32
Cash and savingsLn 1–2$152K
Total assetsLn 16$183K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A3
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$331K
Fees for servicesLn 2g$306K
Investment incomeLn 3$5K
Total revenueLn 12$643K
Assets in detailPt X, end of year
CashLn 1$36K
SavingsLn 2$116K
Cash and savings togetherLn 1–2$152K
Land, buildings, equipmentLn 10c$709
Other assetsLn 15$2K
Total assetsLn 16$183K
LiabilitiesLn 26$0
Net assetsLn 32$183K
OperationsPt I, VI
EmployeesI 52
VolunteersI 6150
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$297K$152K
Land, buildings, equipmentLn 10c$1K$709
Total assetsLn 16$298K$183K
LiabilitiesLn 26$2K$0
Net assetsLn 32$296K$183K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$145K$145K
Other salaries and wagesLn 7$80K$80K
Other employee benefitsLn 9$2K$2K
Payroll taxesLn 10$17K$17K
Other fees for servicesLn 11g$144K$144K
Advertising and promotionLn 12$47K$47K
Office expensesLn 13$41K$860$40K
Conferences, conventions and meetingsLn 19$4K$4K
Depreciation, depletion and amortizationLn 22$472$472
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$266K$264K$2K
All other expensesLn 24e$9K$5K$3K
Total functional expensesLn 25$756K$707K$48K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $643K$756K−$113K$183K 990 PDF
FY2023 $553K$283K$270K$296K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $642,788 across 5 lines filed
VIII-1f All other contributions, gifts and grants$331,101
VIII-1h Total contributions, gifts and grants$331,101
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $306,388$306,388
VIII-3 Investment incomeExcluded from tax $5,299$5,299
VIII-12 Total revenueRelated to mission $306,388 · Unrelated business $0 · Excluded from tax $5,299$642,788
Part IX · Statement of functional expenses $755,639 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $144,829$144,829
IX-7 Other salaries and wagesPrograms $80,000$80,000
IX-9 Other employee benefitsPrograms $2,004$2,004
IX-10 Payroll taxesPrograms $16,625$16,625
IX-11g Other fees for servicesPrograms $143,953$143,953
IX-12 Advertising and promotionPrograms $46,597$46,597
IX-13 Office expensesPrograms $860 · Management $39,780$40,640
IX-19 Conferences, conventions and meetingsManagement $3,625$3,625
IX-22 Depreciation, depletion and amortizationPrograms $472$472
IX-23 InsurancePrograms $2,317$2,317
IX-24 Other expenses (24a–d)Programs $264,261 · Management $1,723$265,984
IX-24e All other expensesPrograms $5,461 · Management $3,132$8,593
IX-25 Total functional expensesPrograms $707,379 · Management $48,260 · Fundraising $0$755,639
Part X · Balance sheet $182,786 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $29,088$35,965
X-2 Savings and temporary cash investmentsStart of year $267,657$115,777
X-4 Accounts receivable$22,000
X-9 Prepaid expenses and deferred charges$6,775
X-10c Land, buildings and equipment, netStart of year $1,181$709
X-15 Other assets$1,560
X-16 Total assetsStart of year $297,926$182,786
X-26 Total liabilitiesStart of year $2,289$0
X-27 Net assets without donor restrictionsStart of year $295,637$182,786
X-32 Total net assets or fund balancesStart of year $295,637$182,786
X-33 Total liabilities and net assetsStart of year $297,926$182,786
Part XI · Reconciliation of net assets $182,786 net assets at year end
XI-1 Total revenue$642,788
XI-2 Total expenses$755,639
XI-3 Revenue less expenses−$112,851
XI-4 Net assets at start of year$295,637
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$182,786

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.