Stratum
- Assets
- $960.9k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 4
- Location
- San Francisco, CA
- Founding
- Data as of
- 06/2024
- EIN
- 35-2692988
Organization Overview
Stratum is located in San Francisco, CA. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2024, Stratum employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stratum 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 06/2024, Stratum generated $1.8m in total revenue. All expenses for the organization totaled $1.8m during the year ending 06/2024.
Since 2022, Stratum has awarded 78 individual grants totaling $4,816,916. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE STRATUM FOUNDATION IS A BAY AREA FOCUSED ORGANIZATION THAT PROVIDES INNOVATIVE SOLUTIONS FOR GOSPEL-GROUNDED LEADERS AND INSTITUTIONS IN THE BAY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CATALYTIC FUNDING - THE CHURCH PLANT STARTUP GRANT SEEKS TO STRENGTHEN AND SUPPORT NEW CHURCHES AS PART OF CATALYZING AND FOSTERING A HEALTHY GOSPEL ECOSYSTEM IN THE BAY AREA. THIS INITIATIVE PROVIDES FINANCIAL SUPPORT TO A PORTFOLIO OF CHURCH PLANTS THAT REFLECT THE DIVERSITY OF GEOGRAPHY, ETHNICITY, AND CHURCH-PLANTING MODELS IN THE BAY AREA. OUR MATCHING GRANTS ARE DESIGNED TO CREATE A CATALYZING OPPORTUNITY FOR A CHURCH PLANT TO RECEIVE SIGNIFICANT FINANCIAL INVESTMENT. WE SEEK TO WORK IN PARTNERSHIP WITH THE EXISTING DONORS, NETWORKS, AND ORGANIZATIONS TO BRING NEEDED FINANCIAL RESOURCES TO A NEW CHURCH. SINCE 2019, OVER 5 MILLION DOLLARS HAS BEEN DONATED TO NEW CHURCHES THROUGH OUR MATCHING GRANT PROGRAM.
INCUBATOR - THE CITY TO CITY INCUBATOR IS OUR ONE-YEAR TRAINING PROGRAM FOR PASTORS WHO ARE IN THE EARLY YEARS OF ESTABLISHING A NEW CHURCH. WE PROVIDE IN-DEPTH, CONTEXTUALIZED TRAINING, AS WELL AS RELATIONAL SUPPORT, TO HELP PARTICIPANTS ESTABLISH HEALTHY AND EFFECTIVE NEW CHURCHES. PARTICIPANTS IN THE PROGRAM LEARN ALONGSIDE OTHER LEADERS OF NEW CHURCHES FOR ONE DAY EACH MONTH, IN A RETREAT-LIKE ENVIRONMENT. INCUBATOR IS DELIVERED TO CHURCH PLANTERS THROUGH LOCAL BAY AREA TRAINERS, PASTORS AND LEADERS WITH A TRACK RECORD OF FAITHFUL AND FRUITFUL MINISTRY. SINCE 2018, LEADERS OF 22 NEW CHURCHES HAVE PARTICIPATED IN OUR INCUBATOR.
COACHING - STRATUM COACHING IS FOR BAY AREA PASTORS AND CHURCH PLANTERS. WE FACILITATE SMALL COHORTS OF LEADERS THAT MEET TOGETHER MONTHLY FOR SPIRITUAL FORMATION, PRACTICAL MINISTRY HELP, AND PERSONAL CARE. THE CURRICULUM IS DESIGNED AS A JUMPING-OFF POINT TO WORK THROUGH THE DECISIONS, CHALLENGES, AND CONCERNS THAT LEADERS ARE PRESENTLY FACING AS PEOPLE, PARTNERS, PARENTS, AND PLANTERS/PASTORS. OUR COACHING COHORTS PAIR 3-6 PASTORS AND CHURCH PLANTERS WITH EXPERIENCED BAY AREA CHRISTIAN LEADERS. COACHING COHORTS MEET ONCE A MONTH FOR A HALF-DAY AT OUR OFFICE IN THE RETREAT-ATMOSPHERE OF SAN FRANCISCO'S PRESIDO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Parsons President/managing Directo | OfficerTrustee | 5 | $42,500 |
Bart Garett Vice President | OfficerTrustee | 5 | $42,500 |
Cindy Collister Treasurer | OfficerTrustee | 1 | $3,500 |
Joey Chen Secretary | OfficerTrustee | 0 | $0 |
Tania Wang-Pei Director | Trustee | 0 | $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 | $1,727,498 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,727,498 |
| Total Program Service Revenue | $1,000 |
| Investment income | $21,368 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,752 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,765,618 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,579,359 |
| 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. | $88,500 |
| Compensation of current officers, directors, key employees. | $10,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,025 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,851 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,344 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,091 |
| Fees for services: Other | $1,025 |
| Advertising and promotion | $0 |
| Office expenses | $335 |
| Information technology | $7,669 |
| Royalties | $0 |
| Occupancy | $40,218 |
| Travel | $2,014 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,333 |
| Insurance | $2,491 |
| All other expenses | $0 |
| Total functional expenses | $1,839,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,731 |
| Savings and temporary cash investments | $943,720 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $257 |
| 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 | $2,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,655 |
| Total assets | $960,863 |
| Accounts payable and accrued expenses | $4,988 |
| 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 | $4,988 |
| Net assets without donor restrictions | $955,875 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $960,863 |
Grants Awarded
Over the last fiscal year, Stratum has awarded $1,572,207 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
HUE CHURCH PURPOSE: MATCHING GRANT | $107,390 |
OUR CITY CENTER CHURCH PURPOSE: MATCHING GRANT | $99,980 |
NEW CITY CHURCH PURPOSE: MATCHING GRANT | $88,849 |
CITIZENS CHURCH PURPOSE: MATCHING GRANT | $87,657 |
STORYLINE CHURCH PURPOSE: MATCHING GRANT | $64,966 |
SONOMA COLLECTIVE CHURCH PURPOSE: MATCHING GRANT | $61,643 |