The Mission Collective Inc is located in Charleston, SC. The organization was established in 2006. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mission Collective 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 12/2023, Mission Collective Inc generated $56.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (22.8%) each year. All expenses for the organization totaled $57.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (20.3%) per year over the past 9 years. 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
MISSION THE MISSION COLLECTIVE IS BEING LAUNCHED TO PLANT CITYCENTRIC HUBS OF MISSION FOR NORTH AMERICA. TO ACCOMPLISH THIS OBJECTIVE, WE SEEK TO ESTABLISH SHARED-USE, OPEN- CONCEPT, COLLABORATIVE FACILITIES WHICH ALLOW COMMUNITY LEADERS OF FAITH AND BUSINESS TO COMMUNE AROUND COMMON INTERESTS AND INITIATIVES TO INSPIRE AND CREATE GOOD WORKS TO BETTER SERVE OUR CITIES. BEGINNING IN CHARLESTON, THESE CITYCENTRIC HUBS WILL BE UTILIZED FOR THREE DISTINCT PURPOSES. 1. COWORKING SPACE WE INTEND TO SECURE STRATEGICALLY LOCATED OPEN-OFFICE WORKSPACES THAT CAN BE USED THROUGHOUT THE DAY FOR BUSINESS AND NONPROFIT LEADERS THAT WE DISCERN ARE HAVING A POSITIVE IMPACT ON THEIR CITIES. THESE FACILITIES WILL BE FLEXIBLE, MULTIDIMENSIONAL, HYBRID WORKSPACES THAT WILL SERVE AS INCUBATORS FOR LEADERS AND FOSTER INTELLECTUAL, SERVICE AND NETWORK CONTRIBUTIONS FOR BUSINESS AND NONPROFIT ENDEAVORS. ON A PRACTICAL LEVEL, THESE BUSINESS AND NONPROFIT PARTICIPANTS WILL PAY MEMBERSHIP FEES, WHICH WILL OFFSET
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2014,THE MISSION COLLECTIVE LAUNCHED THE DANIEL ISLAND FELLOWSHIP, A NEW CHURCH IN AN URBAN DEVELOPMENT AREA OF CHARLESTON. AFTER A YEAR OF BUILDING RELATIONSHIPS IN NEIGHBORHOODS AND THE CITY THROUGH VARIOUS MEANS (E.G. OUTDOOR SERVICES, HOME GATHERINGS, PRAYER EVENTS AND INTENTIONAL DAYS OF MISSION), THE DANIEL ISLAND FELLOWSHIP OFFICIALLY LAUNCHED ON SEPTEMBER 13, 2015, WITH GREAT EXCITEMENT. A MELTING POT OF INDIVIDUALS AND FAMILIES ORIGINALLY FROM NEW YORK CITY, BOSTON, CHICAGO, LOS ANGELES AND THE CAROLINAS, THE DANIEL ISLAND FELLOWSHIP NOW HAS 555+ REGULAR ATTENDEES.WORDS CANNOT EXPRESS THE HEALING,HOPE,AND LIFE-CHANGE WE ARE SEEING THROUGH THIS NEW COMMUNITY OF FAITH. EFFECTIVE JANUARY 1, 2020, THE DANIEL ISLAND FELLOWSHIP (RENAMED ONE FELLOWSHIP) WAS SPUN OFF INTO A SEPERATE ENTITY. THE SPIN-OFF RESULTED IN CASH, BUILDING, LAND AND OTHER ASSETS BEING GRANTED TO THE NEW ENTITY.
THE MISSION COLLECTIVE ALSO LAUNCHED THE HOLY CITY COLLECTIVE, A COWORKING AND MEETING SPACE FOR THE COMMON GOOD OF CHARLESTON AND BEYOND. AS A COWORKING SPACE, ENTREPRENEURS AND STARTUP ORGANIZATIONS ARE ABLE TO FOSTER INTELLECTUAL, SERVICE AND NETWORKING CONTRIBUTIONS FOR CHARLESTON AND OTHER CITIES THROUGH THIS COOPERATIVE WORKSPACE. BECAUSE OF ITS EARLY SUCCESS, THE HOLY CITY COLLECTIVE IS QUICKLY BECOMING KNOWN AS AN INCUBATOR FOR GOOD, EVEN BEING ASKED TO PARTICIPATE IN CITY AND REGIONAL DISCUSSIONS TO HELP DEVELOP AND ATTRACT YOUNG LEADERS FOR CHARLESTON'S TECH AND MANUFACTURING SECTORS. TO DATE THE COLLECTIVE HAS SERVED 170+ ORGANIZATIONS, MORE THAN ONE THIRD OF WHICH ARE NONPROFIT ORGANIZATIONS.
THROUGH THE MEETING SPACE ELEMENT OF THE HOLY CITY COLLECTIVE, THE MISSION COLLECTIVE HAS CREATED A PLATFORM FOR NONPROFIT ORGANIZATIONS IN CHARLESTON AND BEYOND TO GAIN EXPOSURE FOR THEIR DISTINCT MISSIONS. TO DATE MANY NONPROFIT ORGANIZATIONS HAVE BEEN SERVED IN THIS COLLABORATIVE MANNER. FROM THE DREAM CENTER CLINIC OF CHARLESTON, WHICH PROVIDES FREE MEDICAL CARE TO INDIVIDUALS 200% AT OR BELOW THE NATIONAL POVERTY LINE, TO LIFE RESOURCES, WHICH PROVIDES FAITH-BASED COUNSELING AND EDUCATION TO KIDS AND FAMILIES STRUGGLING WITH ADDICTION, DIVORCE AND MORE, TO YOUNG LIFE OF CHARLESTON, WHICH SEEKS TO HELP CHARLESTON TEENS DISCOVER AND EXPLORE THE CHRISTIAN FAITH, WE ARE PROUD TO SERVE AND CATALYZE THESE ORGANIZATIONS THROUGH OUR CITYCENTRIC HUB OF MISSION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Banks Director | Trustee | 1 | $0 |
Brian Hardin Director | Trustee | 1 | $0 |
Rick G Lyons Jr Chairman | OfficerTrustee | 1 | $0 |
Michael Mcnich Director | Trustee | 1 | $0 |
Aaron Pennell Director | Trustee | 1 | $0 |
Paul Sorensen CEO And Pres | OfficerTrustee | 1 | $0 |
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 | $56,581 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $56,581 |
Total Program Service Revenue | $0 |
Investment income | $21 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $56,602 |
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. | $0 |
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 | $1,057 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
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 | $0 |
Insurance | $0 |
All other expenses | $56,581 |
Total functional expenses | $57,638 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $19,937 |
Savings and temporary cash investments | $52,959 |
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 | $0 |
Total assets | $72,896 |
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 | $72,896 |
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 | $0 |
Total liabilities and net assets/fund balances | $72,896 |