516 Now Inc
- Assets
- $42.6k
- Revenue
- $155.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Spartanburg, SC
- Founding
- 05/2012
- Data as of
- 12/2022
- EIN
- 45-4690197
Organization Overview
516 Now Inc is located in Spartanburg, SC. The organization was established in 2012. According to its NTEE Classification (Q30) the organization is classified as: International Development, 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. 516 Now 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 12/2022, 516 Now Inc generated $155.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $160.2k during the year ending 12/2022. While expenses have increased by 11.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD HOLY, PROSPEROUS, AND SUSTAINABLE COMMUNITIES THROUGHOUT THE WORLD BY WORKING TOGETHER WITH PEOPLE IN OUR TARGET COMMUNITIES TO CREATE SUSTAINABLE PROJECTS THAT GLORIFY GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ALSO ANSWERED THE CALL OF MATTHEW 5:16 TO IMPROVE THE QUALITY OF LIFE FOR PEOPLE IN NEED BY WORKING TOGETHER WITH OUR TARGET COMMUNITES BY EXPANDING THE MINISTRY AGAIN. WE ARE NOW OPERATING OUR MINISTRY IN NICARAGUA, EL SAVADOR, COLOMBIA, HONDURAS,BELIZE AND THE DOMINIC REPUBLIC. WE CONTINUE TO FOLLOW GODS LEADING TO REACH SPECIFIC COMMUNITES, SHARING GODS LOVE AND PROMISES THROUGH MINISTRY IN ACTION.
WE ANSWERED THE CALL OF MATTHEW 5:16 TO IMPROVE THE QUALITY OF LIFE FOR PEOPLE IN NEED BY WORKING TOGETHER WITH OUR TARGET COMMUNITES TO INITIATE A VERY SUCCESSFUL SSK PROGRAM IN PALACAGUINA AND DIRIAMBA. AS WE CONTINUE TO EXPAND SSK WE HAVE ENTERED EL SALVADOR THAT WILL TARGET CHILDREN EXPOSED TO HIGH POVERTY, GANGS, DRUG PROBLEMS AND PROSTITUTION. THE SMILING SCHOOL KIDS PROGRAM HAS ALSO EXPANDED TO PROVIDING A COLLEGE EDUCATION AFTER COMPLETING THE OTHER PROGRAM.
WE ALSO ANSWERED THE CALL OF MATTHEW 5:16 TO IMPROVE THE QUALITY OF LIFE FOR PEOPLE IN NEED BY WORKING TOGETHER WITH OUR TARGET COMMUNITES BY CONTINUING TO ENCOURAGE INDEPENDENT AND SKILLED LIVING. WE ARE NOW SUPPORTING AND PROVIDING PASTRY MAKING CLASSES, INITIATING THE MICROLOAN BUSINESS IN THE DR AND BEGINNING OPERATIONS IN BELIZE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenton Witonski Director | Trustee | 1 | $0 |
Brant Chipley Director | Trustee | 1 | $0 |
Oswaldo Asturias Director El Savador | Trustee | 40 | $0 |
Eric Stader Director | Trustee | 1 | $0 |
Rachel Segars Board Member | Trustee | 0 | $0 |
Jim Lamee Director | Trustee | 1 | $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 | $155,249 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,249 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $155,249 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $15,638 |
| Fees for services: Legal | $670 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20 |
| Office expenses | $1,795 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $100,908 |
| Total functional expenses | $160,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,620 |
| Savings and temporary cash investments | $0 |
| 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 | $42,620 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $42,620 |
| 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 | $42,620 |