Revolution5
- Assets
- $215.5k
- Revenue
- $517.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Colorado Springs, CO
- Founding
- 07/2014
- Data as of
- 06/2022
- EIN
- 27-4267538
Organization Overview
Revolution5 is located in Colorado Springs, CO. The organization was established in 2014. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Revolution5 employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Revolution5 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 06/2022, Revolution5 generated $517.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $438.2k during the year ending 06/2022. While expenses have increased by 12.3% per year over the past 6 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
LEADERSHIP DEVELOPMENT LIFE-ON-LIFE CHRISTIAN DISCIPLESHIP AND LEADERSHIP DEVELOPEMENT PROGRAM FOR THE SAKE OF SEEING THE KINGDOM OF GOD MOVE FORWARD
Describe the Organization's Program Activity:
Part 3 - Line 4a
REVOLUTION5 LEADERSHIP INSTITUTE HAD 11 STUDENTS ENROLLED. CLASS INSTRUCTION TIME AVERAGES NINE HOURS PER WEEK AND COVERS EVERYTHING FROM WORLDVIEW TO PUBLIC COMMUNICATION TO ENTREPRENEURSHIP TO GOVERNANCE. THE STUDENTS LIVE IN A DORMITORY STYLE ENVIRONMENT ON CAMPLUS, INCLUSIVE OF ROOM AND BOARD. THE STUDENTS WERE TAKEN ON NINE DEVELOPMENTAL TRIPS, INCLUDING THE GRAND TETONS, UTAH, AND SEVERAL TRIPS AROUND CO. THE FOCUS OF THE TRIPS IS DEVELOPING CORE LEADERSHIP SKILLS, INCLUDING OVERCOMING ADVERSITY, SELF-AWARENESS, AND SERVANT LEADERSHIP. ALL THE STUDENTS TOOK A MISSIONS TRIP TO TAJIKISTAN 2/15 - 3/3 TO WORK WITH AFGHAN REFUGEES TEACHING ENGLISH AND SHARING THE LOVE OF CHRIST IN A PREDOMINANTLY MUSLIM VENUE. OUR COMMISIONING CEREMONY WAS HELD ON MAY 21ST, 2022 IN COLORADO SPRINGS.
THE ASSOCIATION OF ALUMNI WAS INFORMALLY FORMED WITH A TWO-FOLD INTENT 1TO RETAIN CONNECTION WITH ALUMNI, INCLUDING DEVELOPING A LONG TERM INVESTMENT INTO THE GRADUATES OF REV5 AND 2 TO EXTEND NETWORKING OPPORTUNITIES. IN THE 20-21 YEAR, WE LAUNCHED AN ALUMNI HOMECOMING YEAR CALLED CADRE. PREVIOUS GRADUATES WERE GIVEN THE OPPORTUNITY TO RETURN TO REV5 FOR A YEAR OF CONTINUING EDUCATION IN LEADERSHIP DEVELOPMENT. FOUR ALUMNI JOINED US THIS YEAR. THEY HAD OPPORTUNITIES TO LEAD VARIOUS PARTS OF THE INSTITUTE DEVELOPING YOUNG LEADERS IN THE FIRST YEAR CLASS, INCLUDING LEADING RETREATS AND AIDING IN THE ONE-ON-ONE EMOTIONAL INTELLIGENCE DEVELOPMENT OF FIRST YEAR STUDENTS. THREE OF THE ALUMNI WERE ABLE TO JOIN WITH THE INSTITUTE STUDENTS ON THE MISSIONS TRIP TO TAJIKISTAN.
OVER THE 21-22 PROGRAM YEAR, REV5 HOSTED WEEKEND RETREATS FOR HIGH SCHOOL STUDENTS. THERE WERE TWO WEEKEND RETREATS FOR HIGH SCHOOL STUDENTS, ATTENDED BY 17 STUDENTS. THESE RETREATS WERE FOR THE PURPOSE OF LEADERSHIP DEVELOPMENT, HEALTHY PEER RELATIONSHIPS, SOFT SKILLS DEVELOPMENT, AND FOCUSING LIFES PURPOSE. THE INTENDED OUTCOMES OF THESE RETREATS WERE THAT THE PARTICIPANTS WOULD WALK AWAY WITH THE SKILLS TO BE BETTER SITUATED TO MAKE A SIGNIFICANT DIFFERENCE IN THEIR NEXT YEAR OF SCHOOL AND BE BETTER EQUIPPED WITH A PERSPECTIVE ON THE IMPORTANCE OF LEADERSHIP IN THEIR GENERATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caleb Craft Institute Director | Officer | 60 | $0 |
Joe Couch President | OfficerTrustee | 60 | $0 |
Brian Steck Dir Of Operations | OfficerTrustee | 20 | $0 |
Colin Willis Chairman | OfficerTrustee | 1 | $0 |
Alberto Menegocci Treasurer | OfficerTrustee | 1 | $0 |
Daniel Baldesarri Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,799 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $327,321 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $353,120 |
| Total Program Service Revenue | $149,889 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,110 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $564 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $517,686 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $68,075 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $69,261 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,713 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,484 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60 |
| Fees for services: Accounting | $1,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,513 |
| Advertising and promotion | $1,973 |
| Office expenses | $13,505 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $136,583 |
| Travel | $51,723 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,831 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,886 |
| Insurance | $1,170 |
| All other expenses | $2,066 |
| Total functional expenses | $438,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,372 |
| Savings and temporary cash investments | $5,872 |
| 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 | $4,958 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,294 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $215,496 |
| 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 | $12,556 |
| Other liabilities | $741 |
| Total liabilities | $13,297 |
| 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 | $202,199 |
| Total liabilities and net assets/fund balances | $215,496 |