Club1040 Inc
- Assets
- $1.3m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Broken Arrow, OK
- Founding
- 04/2005
- Data as of
- 12/2023
- EIN
- 20-0432845
Organization Overview
Club1040 Inc, operating under the name Club1040com, is located in Broken Arrow, OK. The organization was established in 2005. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Club1040com employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Club1040com 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 12/2023, Club1040com generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 14.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CLUB1040 IS A RELATIONAL MISSIONARY MOVEMENT REACHING THE UNREACHED. THIS HAPPENS THREE WAYS:1 TRAIN INDIGENOUS CHURCH PLANTERS & LEADERS WHO WILL START HUNDREDS OF CHURCHES AND DOZENS OF BIBLE COLLEGE'S THROUGHOUT ALL 22 MENA NATIONS BY 2030.2 MOBILIZE 100+ NEAR CULTURE MISSIONARIES TO THE MENA REGION BY 2030.3 INSPIRE THE CHURCH TO MAKE THIS GENERATION THE ONE THAT REACHES EVERY UNREACHED NATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
407 PEOPLE FROM 21 COUNTRIES WERE SPONSORED FOR A LEADERSHIP CONFERENCE IN TURKEY.ON THE WEEKEND OF OCTOBER 7, 2023 OUR PARTNERS MADE IT POSSIBLE TO OPEN A BIBLE COLLEGE IN BEIRUT, LEBANON. THERE ARE CURRENTLY 84 STUDENTS.BOOK TRANSLATION HAS CONTINUES, SEEING 27 TITLES BEING TRANSFERED INTO THE FRASI LANGUAGE. WITH 110 MILLION PERSIAN SPEAKERS, REACHING THEM IN THEIR LANGUAGE WILL HAVE FRUIT FOR YEARS TO COME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Beemer President | OfficerTrustee | 40 | $28,000 |
Julie Beemer Vice President | OfficerTrustee | 40 | $39,000 |
Alan Morton Treasurer | Trustee | 1 | $0 |
Jason Younger Secretary | OfficerTrustee | 1 | $0 |
Terry Roberts Director | Trustee | 1 | $0 |
Joel Sims 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 | $1,905,140 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,905,140 |
| Total Program Service Revenue | $14,645 |
| Investment income | $26,328 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $123,242 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,069,355 |
| 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. | $145,000 |
| Compensation of current officers, directors, key employees. | $14,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,363 |
| Pension plan accruals and contributions | $27,450 |
| Other employee benefits | $11,967 |
| Payroll taxes | $33,026 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,693 |
| Fees for services: Accounting | $5,077 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,460 |
| Advertising and promotion | $48,008 |
| Office expenses | $43,871 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,222 |
| Travel | $22,209 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,289 |
| Insurance | $6,166 |
| All other expenses | $242,164 |
| Total functional expenses | $1,491,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $353,588 |
| Savings and temporary cash investments | $742,835 |
| 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 | $156,180 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $16,630 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,978 |
| Total assets | $1,300,211 |
| Accounts payable and accrued expenses | $12,561 |
| 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 | $12,561 |
| 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 | $1,287,650 |
| Total liabilities and net assets/fund balances | $1,300,211 |