The Mission Collective Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Banks
Director
$0
Brian Hardin
Director
$0
Rick G Lyons Jr
Chairman
$0
Michael Mcnich
Director
$0
Aaron Pennell
Director
$0
Paul Sorensen
CEO And Pres
$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$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

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