Strategic World Impact Inc
- Assets
- $345.3k
- Revenue
- $662.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Denton, TX
- Founding
- 10/2004
- Data as of
- 12/2022
- EIN
- 01-0691450
Organization Overview
Strategic World Impact Inc is located in Denton, TX. The organization was established in 2004. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Strategic World Impact Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Strategic World Impact Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Strategic World Impact Inc generated $662.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $653.5k during the year ending 12/2022. While expenses have increased by 3.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF STRATEGIC IMPACT IS TO EQUIP NATIONAL LEADERS IN THE AREA OF PERSONAL DEVELOPMENT,LEADERS IN THE AREA OF PERSONAL DEVELOPMENT, LEADERSHIP SKILLS, AND MAKING MULTIPLYING DISCIPLES WHO PLANT MULTIPYING CHURCHES IN ORDER TO REACH EVERY PERSON ON EARTH WITH THE GOSPEL OF JESUS CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION EXISTS FOR THE PURPOSE OF TRAINING CHRISTIAN LEADERS TO PLANT INDIGENOUS NEW CHURCHES IN EVERY NATION. IN 2022, THERE WERE APPROXIMATELY 1,000 VOLUNTEERS, 16,835 NEW LEADERS WERE TRAINED AND 3,253 WERE ADDED TO OUR 2-YEAR TRAINING PROCESS. THE LIFETIME NUMBER OF LEADERS TRAINED IS 88,749 WITH 49,488 INVOLVED IN, OR HAVING COMPLETED, THE 2-YEAR CHURCH PLANTING TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dustin Mccarty Director - Africa | Trustee | 40 | $38,646 |
Mike Maggard Director - Middle East/n. Africa | Trustee | 40 | $24,720 |
Mike Downey President | Trustee | 40 | $52,800 |
Joe Foster Secretary/treasuer | Trustee | 1 | $0 |
Brad Jones Director | Trustee | 1 | $0 |
Bill Hughes Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $638,628 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $638,628 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,845 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $662,473 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $199,170 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,193 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,308 |
| Office expenses | $36,508 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $108,573 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,461 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,608 |
| All other expenses | $96,769 |
| Total functional expenses | $653,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,016 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,234 |
| Total assets | $345,250 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $345,250 |
| Total liabilities and net assets/fund balances | $345,250 |