Clearnote Fellowship Ltd
- Assets
- $69.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 8
- Location
- Bloomington, IN
- Founding
- 02/2007
- Data as of
- 12/2021
- EIN
- 20-2511583
Organization Overview
Clearnote Fellowship Ltd is located in Bloomington, IN. The organization was established in 2007. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 12/2021, Clearnote Fellowship Ltd employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clearnote Fellowship Ltd 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 12/2021, Clearnote Fellowship Ltd generated $151.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $121.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PRODUCE RESOURCES FOR THE BENEFIT OF CHURCHES, CHURCH MEMBERS, AND CHURCH LEADERS: PODCASTS, BOOKS, MUSIC, ARTICLES. THOUSANDS OF PODCAST AUDIENCE MEMBERS, BOOKS AND CDS SOLD AND GIVEN TO HUNDREDS OF INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Alberson Creative Director | 40 | $47,040 | |
Jacob Mentzel President | 20 | $22,883 | |
Benjamin Sulser Assistant Director | 20 | $11,458 | |
Alex Mcneilly Vice Chairman Of The Board | 10 | $2,400 | |
David Curell Chairman Of The Board | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,815 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $37,189 |
| Total Revenue | $151,798 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $86,181 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $6,450 |
| Other expenses | $28,433 |
| Total expenses | $121,074 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,839 |
| Other assets | $0 |
| Total assets | $69,671 |
| Total liabilities | $121 |
| Net assets or fund balances | $69,550 |
Grants Awarded
Over the last fiscal year, Clearnote Fellowship Ltd has awarded $29,279 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Bloomington, IN PURPOSE: Campus missionary Alex McNeilly transferred employment to Clearnote Church, Bloomington. We granted the remainder of his funds raised through Clearnote Fellowship to Clearnote Church in order for him to continue his work under their administration. | $20,861 |
CHRIST CHURCH CINCINNATI PURPOSE: Leftover funds which had previously been raised through Clearnote Fellowship for the support of church planter Joseph Bayly. These funds were granted to Christ Church Cincinnati for the purpose of bolstering their funds for paying Pastor Bayly, as his employment transferred from Clearnote Fellowship to Christ Church Cincinnati. | $8,418 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Clearnote Fellowship Ltd has recieved totaling $32.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $32 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Beloit College Beloit, WI | $210,386,491 | $86,166,985 |
Knox College Galesburg, IL | $294,322,347 | $90,404,751 |
Wabash College Crawfordsville, IN | $537,122,152 | $89,745,763 |
Earlham College Richmond, IN | $378,034,692 | $128,405,386 |
Drury University Springfield, MO | $197,297,672 | $75,721,067 |
Hanover College Trustees Hanover, IN | $246,034,374 | $66,713,330 |
University Of Saint Francis Of Fort Wayne Indiana Inc Fort Wayne, IN | $133,868,306 | $78,578,588 |
Illinois Wesleyan University Bloomington, IL | $377,291,473 | $72,297,405 |
Manchester University Inc North Manchester, IN | $163,832,946 | $68,391,881 |
University Of Pikeville Pikeville, KY | $170,248,135 | $76,149,836 |