Coracle
- Assets
- $761.2k
- Revenue
- $998.0k
- Investments
- $0.0
- Employees
- 11
- Location
- Quicksburg, VA
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 45-4838296
Organization Overview
Coracle is located in Quicksburg, VA. The organization was established in 2013. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Coracle employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coracle 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 12/2021, Coracle generated $998.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $833.8k during the year ending 12/2021. While expenses have increased by 24.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND ENABLE PEOPLE TO BE THE PRESENCE OF GOD IN THE WORLD BY OFFERING SPIRITUAL FORMATION AND KINGDOM ACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO INSPIRE AND ENABLE PEOPLE TO BE THE PRESENCE OF GOD IN THE WORLD BY OFFERING SPIRITUAL FORMATION AND KINGDOM ACTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Haley Director | Trustee | 40 | $119,993 |
Kate Harris Officer | Officer | 1 | $24,356 |
Christine Bucholz Officer | Officer | 1 | $0 |
Kendrick Curry Co-Chair | Officer | 1 | $0 |
Robert Krech Officer | Officer | 1 | $0 |
William Deiss Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $84,428 |
| All other contributions, gifts, grants, and similar amounts not included above | $914,501 |
| Noncash contributions included in lines 1a–1f | $7,617 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $998,929 |
| Total Program Service Revenue | $0 |
| Investment income | $21 |
| 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 | -$937 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $998,013 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,482 |
| 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. | $144,348 |
| Compensation of current officers, directors, key employees. | $24,477 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $270,768 |
| Pension plan accruals and contributions | $7,701 |
| Other employee benefits | $38,500 |
| Payroll taxes | $30,980 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $202,301 |
| Advertising and promotion | $0 |
| Office expenses | $13,683 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,916 |
| Travel | $5,230 |
| 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 | $1,983 |
| Insurance | $3,487 |
| All other expenses | $0 |
| Total functional expenses | $833,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $704,596 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12 |
| 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 | $1,316 |
| Net Land, buildings, and equipment | $55,306 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $761,230 |
| Accounts payable and accrued expenses | $5,808 |
| 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 | $5,808 |
| Net assets without donor restrictions | $755,422 |
| 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 | $761,230 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Coracle has recieved totaling $35,625.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $8,900 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $8,700 |
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $6,000 |
Christian Perspectives Washington, DC PURPOSE: GENERAL | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Healthcare Physicians Inc Martinsburg, WV | $27,421,318 | $84,817,307 |
Operation Compassion A Tennessee Non-Profit Corporation Cleveland, TN | $18,764,537 | $70,147,882 |
United Faith Ministries Inc Norfolk, VA | $10,805,826 | $50,029,760 |
Answers In Genesis Inc Petersburg, KY | $94,175,549 | $47,216,237 |
Martha Obryan Center Inc Nashville, TN | $41,203,339 | $31,115,116 |
Strategic Resource Group Inc Easton, MD | $12,208,514 | $28,797,480 |
Rescue Missions Ministries Inc Durham, NC | $22,198,926 | $18,805,895 |
Word Among Us Inc Frederick, MD | $22,622,798 | $15,315,908 |
Sat-7 North America Easton, MD | $8,795,990 | $14,809,049 |
Advancing Native Missions Afton, VA | $4,333,922 | $11,124,622 |
National Pro-Life Alliance Springfield, VA | $3,799,169 | $8,934,186 |
Artists In Christian Testimony Brentwood, TN | $4,393,846 | $10,064,345 |