Sowing Circle
- Assets
- $8.0m
- Revenue
- $187.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 33-0754078
Organization Overview
Sowing Circle is located in Greenville, SC. The organization was established in 1998. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sowing Circle 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 12/2022, Sowing Circle generated $187.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $4.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Sowing Circle has awarded 152 individual grants totaling $9,612,462. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLUE LETTER BIBLE
MINISTRY ASSISTANCE
SHORT-TERM MISSIONS
EVANGELISM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James P Milligan Chairman | 20 | $88,634 | |
Stephen M Greenberg Secretary | 0.5 | $0 | |
Kenneth Buckley Board Member | 0.5 | $0 | |
Frank B Rabinovitch Board Member | 0.5 | $0 | |
Andrew J Guastaferro Cfo/coo | 2 | $7,618 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Davis Technology | 12/30/15 | $95,256 |
Insight Information Services | 12/30/15 | $57,804 |
David Larsen | 12/30/15 | $50,895 |
David Larsen | 12/30/15 | $0 |
Davis Technology | 12/30/15 | $0 |
Insight Information Services | 12/30/15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250 |
| Interest on Savings | $72,710 |
| Dividends & Interest | $126,516 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,876 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $608 |
| Total Revenue | $187,208 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $402,455 |
| Other employee salaries and wages | $12,178 |
| Pension plans, employee benefits | $2,761,913 |
| Interest | $0 |
| Taxes | $17,402 |
| Depreciation | $52,576 |
| Occupancy | $16,212 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,460 |
| Total operating and administrative expenses | $3,288,976 |
| Contributions, gifts, grants paid | $983,758 |
| Total expenses and disbursements | $4,272,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,763 |
| Savings and temporary cash investments | $6,277,744 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $200,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,404,983 |
| Other assets | $0 |
| Total assets | $7,976,490 |
| Accounts payable and accrued expenses | $138,852 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,896,635 |
| Total liabilities | $2,035,487 |
Grants Awarded
Over the last fiscal year, Sowing Circle has awarded $983,758 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CALVARY CHAPEL COSTA MESA PURPOSE: MISSIONS | $3,000 |
ENDURING WORD PURPOSE: THEOLOGICAL EDUCATION | $25,000 |
BLUE LETTER BIBLE PURPOSE: MISSIONS | $575,000 |
SAFE HARBOR INTERNATIONAL PURPOSE: MISSIONS | $12,000 |
REVERENCE BIBLE CHURCH PURPOSE: PASTORAL SUPPORT/MINISTRY | $60,000 |
TRAINING LEADERS INTERNATIONAL PURPOSE: MISSIONS | $6,000 |