Gospel INC: FY2020 Nonprofit Profile & Form 990 (EIN 90-0771464)

Ray Steadman’s $126K as CEO is at the 58th percentile of top reported officer pay among 3869 $1–10M human services 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

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Ray Steadman	$125,765	$41,539	—	—	—
Brian Seeley	—	$26,000	$65,000	$45,000	$38,101
Rachel Rose	$63,073	$60,000	$48,000	$41,785	$37,323

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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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 15aNo

Programs and updates

Offers Christ-centered community, housing, and work for residents.

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1 program · $451K · in their own filed words · FY2020

01

We have been in the community now for a number of years, forming relationships with people there. Some of us have moved into the neighborhood with the goal to be a daily witness to those living in the community.

$451Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2024

Givewell Community Foundation INCFY2024$579K

Winter Haven Hospital INCFY2024$45K

Bartow Regional Medical Center INCFY2024$45K

Charities Aid Foundation AmericaFY2024$24K

Natl Christian Charitable Fdn INCFY2024$8K

Total grants receivedfrom 5 funders$702K

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Grants paid · 5 grants · $245K · 2020–2024

Unitemized GrantFY2024$5,650

Unitemized GrantFY2023$25,228

Unitemized GrantFY2022$44,055

Unitemized GrantFY2021$55,716

Unitemized GrantFY2020$114,529

By the numbers

The FY2020 990, line by line.

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1The main four

Money inPt VIII

$519K

Ln 12

Gifts and grantsLn 1h$530K

Fees for servicesLn 2g$27K

Investment incomeLn 3$7K

Money outPt IX

$544K

Ln 25

Programscol B$451K

Managementcol C$52K

Fundraisingcol D$40K

Owns and owesPt X

$991K

net assets · Ln 32

Cash and savingsLn 1–2$301K

Total assetsLn 16$1.0M

LiabilitiesLn 26$19K

PeoplePt VI, VII

10

listed · VII A

PaidVII A2

Voting boardVI 1a8

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$530K

Government grantsLn 1e$144K

Noncash giftsLn 1g$65

Fundraising eventsLn 1c$98K

Fees for servicesLn 2g$27K

Investment incomeLn 3$7K

Gains on assetsLn 7−$44K

Total revenueLn 12$519K

Assets in detailPt X, end of year

CashLn 1$150K

SavingsLn 2$151K

Cash and savings togetherLn 1–2$301K

InvestmentsLn 11–13$535K

Land, buildings, equipmentLn 10c$161K

Total assetsLn 16$1.0M

LiabilitiesLn 26$19K

Net assetsLn 32$991K

OperationsPt I, VI

EmployeesI 533

VolunteersI 6500

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$411K	$301K
InvestmentsLn 11–13	$472K	$535K
Land, buildings, equipmentLn 10c	$112K	$161K
Total assetsLn 16	$1.0M	$1.0M
LiabilitiesLn 26	$25K	$19K
Net assetsLn 32	$1.0M	$991K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$115K	$115K
Pay of current officers, directors and key staffLn 5	$75K	$60K	$8K	$8K
Other salaries and wagesLn 7	$186K	$149K	$19K	$19K
Payroll taxesLn 10	$28K	$22K	$3K	$3K
Legal feesLn 11b	$2K		$2K
Accounting feesLn 11c	$5K		$5K
Investment management feesLn 11f	$7K		$7K
Other fees for servicesLn 11g	$4K	$3K	$417	$417
Advertising and promotionLn 12	$20K	$16K	$2K	$2K
Office expensesLn 13	$9K	$8K	$938	$938
Information technologyLn 14	$2K	$2K	$195	$195
OccupancyLn 16	$18K	$14K	$2K	$2K
TravelLn 17	$8K	$6K	$801	$801
InterestLn 20	$931	$745	$93	$93
Depreciation, depletion and amortizationLn 22	$7K	$6K	$696	$696
InsuranceLn 23	$14K	$11K	$1K	$1K
Other expenses (24a–d)Ln 24	$30K	$30K
All other expensesLn 24e	$13K	$9K	$1K	$3K
Total functional expensesLn 25	$544K	$451K	$52K	$40K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$3.6M	$1.0M	$2.6M	$7.2M	990 PDF
FY2023	$1.0M	$866K	$172K	$4.6M	990 PDF
FY2022	$1.6M	$1.0M	$639K	$4.4M	990 PDF
FY2021	$3.7M	$798K	$2.9M	$3.9M	990 PDF
FY2020 Viewing	$519K	$544K	−$25K	$991K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $519,131 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $853,769$530,202

I-9 Program service revenuePrior year $9,770$27,021

I-10 Investment incomePrior year $4,229−$37,028

I-11 Other revenuePrior year −$24,970−$1,064

I-12 Total revenuePrior year $842,798$519,131

I-13 Grants and similar amounts paidPrior year $35,962$114,529

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $150,330$289,419

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $68,092$140,178

I-18 Total expensesPrior year $254,384$544,126

I-19 Revenue less expensesPrior year $588,414−$24,995

Part VI · Governance 8 of 8 board members independent, 4 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members8

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $519,131 across 11 lines filed

VIII-1c Fundraising events$98,153

VIII-1e Government grants$143,595

VIII-1f All other contributions, gifts and grants$288,454

VIII-1g Noncash contributions (included above)$65

VIII-1h Total contributions, gifts and grants$530,202

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $27,021$27,021

VIII-3 Investment incomeExcluded from tax $7,441$7,441

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$44,469−$44,469

VIII-8 Net income from fundraising eventsExcluded from tax −$1,260−$1,260

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $196$196

VIII-12 Total revenueRelated to mission $27,021 · Unrelated business $0 · Excluded from tax −$38,092$519,131

Part IX · Statement of functional expenses $544,126 across 18 lines filed

IX-2 Grants to domestic individualsPrograms $114,529$114,529

IX-5 Pay of current officers, directors and key staffPrograms $60,339 · Management $7,542 · Fundraising $7,542$75,423

IX-7 Other salaries and wagesPrograms $149,062 · Management $18,633 · Fundraising $18,633$186,328

IX-10 Payroll taxesPrograms $22,134 · Management $2,767 · Fundraising $2,767$27,668

IX-11b Legal feesManagement $2,100$2,100

IX-11c Accounting feesManagement $5,386$5,386

IX-11f Investment management feesManagement $6,633$6,633

IX-11g Other fees for servicesPrograms $3,335 · Management $417 · Fundraising $417$4,169

IX-12 Advertising and promotionPrograms $15,755 · Management $1,969 · Fundraising $1,969$19,693

IX-13 Office expensesPrograms $7,507 · Management $938 · Fundraising $938$9,383

IX-14 Information technologyPrograms $1,560 · Management $195 · Fundraising $195$1,950

IX-16 OccupancyPrograms $14,327 · Management $1,791 · Fundraising $1,791$17,909

IX-17 TravelPrograms $6,408 · Management $801 · Fundraising $801$8,010

IX-20 InterestPrograms $745 · Management $93 · Fundraising $93$931

IX-22 Depreciation, depletion and amortizationPrograms $5,570 · Management $696 · Fundraising $696$6,962

IX-23 InsurancePrograms $11,279 · Management $1,410 · Fundraising $1,410$14,099

IX-24 Other expenses (24a–d)Programs $29,941$29,941

IX-24e All other expensesPrograms $8,808 · Management $1,103 · Fundraising $3,101$13,012

IX-25 Total functional expensesPrograms $451,299 · Management $52,474 · Fundraising $40,353$544,126

Part X · Balance sheet $1,010,353 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $410,907$150,477

X-2 Savings and temporary cash investmentsStart of year $569$150,804

X-3 Pledges and grants receivableStart of year $30,392$13,046

X-9 Prepaid expenses and deferred charges$500

X-10c Land, buildings and equipment, netStart of year $111,817$160,699

X-12 Other securitiesStart of year $471,596$534,827

X-16 Total assetsStart of year $1,025,281$1,010,353

X-18 Grants payableStart of year $4,961$2,881

X-26 Total liabilitiesStart of year $25,190$18,933

X-27 Net assets without donor restrictionsStart of year $1,000,091$991,420

X-32 Total net assets or fund balancesStart of year $1,000,091$991,420

X-33 Total liabilities and net assetsStart of year $1,025,281$1,010,353

Part XI · Reconciliation of net assets $991,420 net assets at year end

XI-1 Total revenue$519,131

XI-2 Total expenses$544,126

XI-3 Revenue less expenses−$24,995

XI-4 Net assets at start of year$1,000,091

XI-5 Net unrealized gains (losses) on investments$22,619

XI-9 Other changes in net assets−$6,295

XI-10 Net assets at end of year$991,420

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Gospel INC FY2020 filing

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