Mission Possible Foundation Inc
- Assets
- $865.8k
- Revenue
- $626.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Mount Prospect, IL
- Founding
- 10/1974
- Data as of
- 05/2022
- EIN
- 23-7398283
Organization Overview
Mission Possible Foundation Inc is located in Mount Prospect, IL. The organization was established in 1974. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mission Possible Foundation 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 05/2022, Mission Possible Foundation Inc generated $626.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $421.4k during the year ending 05/2022. While expenses have increased by 8.2% per year over the past 7 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
CHRISTIAN LEADERSHIP TRAINING AND HUMANITARIAN AID
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRISTIAN LEADERSHIP TRAINING IN EIGHT EUROPEAN AND ASIAN COUNTRIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry Schmidt Board Chairman | Officer | 5 | $0 |
Igor Bogun Secretary | Officer | 2 | $0 |
Daryl Merrill Treasurer | Officer | 4 | $0 |
Mike Jeffries 2nd Vice Chair | Officer | 4 | $0 |
Ignot Ivanov President | Officer | 5 | $0 |
Kathy Robinson 1st Vice Chair | Officer | 4 | $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 | $626,171 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $626,171 |
| Total Program Service Revenue | $0 |
| Investment income | $28 |
| 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 | $626,199 |
| 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 | $336,500 |
| 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 | $5,993 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $458 |
| Fees for services: Management | $33,980 |
| Fees for services: Legal | $99 |
| Fees for services: Accounting | $4,160 |
| 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 | $2,172 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,438 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,212 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,279 |
| All other expenses | $2,888 |
| Total functional expenses | $421,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $814,017 |
| Savings and temporary cash investments | $51,766 |
| 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 | $865,783 |
| 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 | $3,831 |
| Total liabilities | $3,831 |
| 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 | $861,952 |
| Total liabilities and net assets/fund balances | $865,783 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mission Possible Foundation Inc has recieved totaling $10,512.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $10,450 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $62 |
Peer Organizations
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|---|---|---|
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One Collective Nfp Elgin, IL | $3,863,320 | $13,470,210 |
International Disaster Emergency Service Inc Noblesville, IN | $11,197,489 | $11,811,244 |
One World Surgery Deerfield, IL | $14,992,462 | $10,254,872 |
Meds & Food For Kids St Louis, MO | $9,342,329 | $4,463,955 |
Destiny Rescue Usa Inc Fort Wayne, IN | $2,159,510 | $4,562,393 |
Certell Inc Indianapolis, IN | $2,456,190 | $3,831,177 |
International Call Organization Inc Bridgeview, IL | $172,328 | $3,856,996 |
Heroic Hearts Organization Nfp Wheaton, IL | $2,259,688 | $4,346,155 |
Fabretto Childrens Foundation Inc Evanston, IL | $2,557,246 | $3,318,965 |
Project Peanut Butter Maplewood, MO | $330,911 | $3,451,055 |