Sunica Inc
- Assets
- $292.4k
- Revenue
- $857.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Garner, NC
- Founding
- 06/2010
- Data as of
- 12/2023
- EIN
- 27-1232063
Organization Overview
Sunica Inc is located in Garner, NC. The organization was established in 2010. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Sunica Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunica 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, Sunica Inc generated $857.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $823.0k during the year ending 12/2023. While expenses have increased by 15.3% per year over the past 8 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
MAKING DISCIPLES OF JESUS THROUGH CLEAN WATER EDUCATION AND MENTORSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE SOCIAL WORK NECESSARY TO ACTIVATE A RURAL COMMUNITY TOWARDS SOLVING THEIR PROBLEMS REGARDING CLEAN AND ABUNDANT WATER.
WE PROVIDE SCHOOL UNIFORMS, SUPPLIES, AND ACCESS TO THE EXTRA-CURRICULAR ACTIVITIES AT SCHOOL. WE CONNECT OLDER MATURE NICARAGUAN YOUTH WITH YOUNGER AT RISK YOUTH FOR GUIDANCE AND MENTAL SUPPORT. WE ALSO OPERATE COMMUNITY CENTERS AND PROVIDE COLLEGE SCHOLARSHIPS FOR ALL OF OUR GRADUATES WHO GO ON TO ANY LEVEL OF HIGHER EDUCATION.
WE PROVIDE DISCIPLESHIP RETREATS TO AT-RISK YOUTH AND LEADERS. THIS IS BEING USED AS A PLACE OF SPIRITUAL DISCIPLESHIP AND MENTORSHIP. WE STEWARD AND OPERATE A 200 ACRE DISCIPLESHIP RETREAT CENTER AND HOST RETREATS FOR THE STUDENTS WE SERVE IN EACH OF OUR PROGRAM LOCATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Wilser Executive Director | OfficerTrustee | 30 | $58,820 |
Joshua Pease Director | Officer | 40 | $57,200 |
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 | $832,387 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $832,387 |
| Total Program Service Revenue | $0 |
| Investment income | $4,208 |
| 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 | $20,500 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $857,095 |
| 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. | $116,020 |
| Compensation of current officers, directors, key employees. | $11,764 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,219 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,007 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $463,166 |
| Advertising and promotion | $69,057 |
| Office expenses | $4,140 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,100 |
| Travel | $66,129 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $188 |
| All other expenses | $0 |
| Total functional expenses | $823,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,614 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $119,777 |
| 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 | $292,391 |
| Accounts payable and accrued expenses | $15,752 |
| 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 | $15,752 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $276,639 |
| 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 | $292,391 |