Vertical First Foundation
- Assets
- $91.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Rochester Hills, MI
- Founding
- 12/2015
- Data as of
- 12/2021
- EIN
- 47-5368148
Organization Overview
Vertical First Foundation is located in Rochester Hills, MI. The organization was established in 2015. 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, Vertical First Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vertical First Foundation 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, Vertical First Foundation generated $182.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $175.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SPOKE AT CONFERENCES LOCALLY AND NATIONALLY ON LEADING A CHRISTIAN LIFE. CO-HOSTED THE NATIONALLY SYNDICATED 'FAMILY LIFE RADIO' PROGRAM TO SPEAK ON CHRISTIAN MARRIAGE AND LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David S Wilson President | 10 | $51,000 | |
John Borglin Treasurer | 0.5 | $0 | |
Ann Wilson Secretary | 0.5 | $0 | |
Jason Schomer Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $174,318 |
| Total Program Service Revenue | $8,333 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $182,651 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $57,459 |
| Professional fees and other payments to independent contractors | $23,626 |
| Occupancy, rent, utilities, and maintenance | $27,400 |
| Printing, publications, postage, and shipping | $11 |
| Other expenses | $66,999 |
| Total expenses | $175,495 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $91,257 |
| Other assets | $0 |
| Total assets | $91,257 |
| Total liabilities | $2,630 |
| Net assets or fund balances | $88,627 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Vertical First Foundation has recieved totaling $107,748.
| Awarding Organization | Amount |
|---|---|
Servant Foundation Overland Park, KS PURPOSE: RELIGIOUS MINISTRY | $35,000 |
Servant Foundation Overland Park, KS PURPOSE: RELIGIOUS MINISTRY | $35,000 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $18,874 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $18,874 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rbc Ministries Grand Rapids, MI | $21,687,815 | $61,139,442 |
Gospel Light Mennonite Church Medical Aid Plan Canton, OH | $23,765,488 | $52,923,721 |
National Church Residences Foundation Columbus, OH | $124,164,884 | $10,642,562 |
Lutheran Home Westlake, OH | $17,550,739 | $14,990,939 |
Mission Pre-Born Inc Indianapolis, IN | $6,569,199 | $16,394,673 |
Back 2 Back Ministries Inc Mason, OH | $16,341,723 | $15,736,396 |
American Lutheran Church-Northland Luthern Services For The Elderly Marinette, WI | $6,079,717 | $8,121,825 |
Lifeline Christian Mission Westerville, OH | $4,011,656 | $8,864,556 |
Independent Baptist Mission For Asians Inc Marietta, OH | $1,955,578 | $8,557,935 |
City Gospel Mission Cincinnati, OH | $28,334,582 | $12,813,405 |
Freedom From Religion Foundation Inc Madison, WI | $25,982,708 | $9,398,786 |
Traditions At Xenia Columbus, OH | $32,383,407 | $4,874,635 |