His1040 Inc
- Assets
- $7.3k
- Revenue
- $239.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 06/2003
- Data as of
- 12/2019
- EIN
- 54-2059311
Organization Overview
His1040 Inc is located in Virginia Beach, VA. The organization was established in 2003. 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. His1040 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 12/2019, His1040 Inc generated $239.5k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $243.9k during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
FULFILL THE GREAT COMMISSION AMONG UNREACHED PEOPLE GROUPS BY EMPOWERING NATIVE/INDIGENOUS MISSIONARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHLIGHTS OF 2019--CHURCH PLANTING CONTINUES TO EXPAND AMONG UNREACHED PEOPLE GROUPS (UPG)IN SOUTH ASIA AND SOUTHEAST ASIA. THE NUMBER OF CHURCH PLANTERS INCREASED TO 300 WHO WORKED FAITHFULLY TO REACH 200 UPGS. LIVELIHOOD TRAINING CENTERS/SEWING CENTERS WERE ESTABLISHED IN SEVERAL AREAS IN INDIA AND BANGLADESH AND PUMP WELLS WITH HANDPUMPS WERE INSTALLED IN REMOTE AREAS IN THOSE COUNTRIES AS WELL. MOTORCYCLES AND BICYCLES WERE PROVIDED TO WORKERS TO ENHANCE MOBILITY. MERCY MISSIONS WERE CONDUCTED TO ASSIST THE FAMILY OF A MARTYRED EVANGELIST TO RELOCATE AS WELL AS MISSIONS TO ENABLE TWO WORKERS WHO NEEDED BACK SURGERY. TRAINING WAS CONDUCTED TO EQUIP FAITHFUL SERVANTS TO EDUCATE THOSE SERVING URDU SPEAKING COMMUNITIES AND A TRIBAL COMMUNITY. WE GIVE PRAISE TO GOD FOR THE OPPORTUNITY TO ASSIST HIS FAITHFUL SERVANTS IN THE FIELD.
HIGHLIGHTS OF 2019--CHURCH PLANTING CONTINUES TO EXPAND AMONG UNREACHED PEOPLE GROUPS (UPG)IN SOUTH ASIA AND SOUTHEAST ASIA. THE NUMBER OF CHURCH PLANTERS INCREASED TO 300 WHO WORKED FAITHFULLY TO REACH 200 UPGS. LIVELIHOOD TRAINING CENTERS/SEWING CENTERS WERE ESTABLISHED IN SEVERAL AREAS IN INDIA AND BANGLADESH AND PUMP WELLS WITH HANDPUMPS WERE INSTALLED IN REMOTE AREAS IN THOSE COUNTRIES AS WELL. MOTORCYCLES AND BICYCLES WERE PROVIDED TO WORKERS TO ENHANCE MOBILITY. MERCY MISSIONS WERE CONDUCTED TO ASSIST THE FAMILY OF A MARTYRED EVANGELIST TO RELOCATE AS WELL AS MISSIONS TO ENABLE TWO WORKERS WHO NEEDED BACK SURGERY. TRAINING WAS CONDUCTED TO EQUIP FAITHFUL SERVANTS TO EDUCATE THOSE SERVING URDU SPEAKING COMMUNITIES AND A TRIBAL COMMUNITY. WE GIVE PRAISE TO GOD FOR THE OPPORTUNITY TO ASSIST HIS FAITHFUL SERVANTS IN THE FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Napoleon C Ignacio Founderdirector | OfficerTrustee | 40 | $0 |
James M Pullen Director | OfficerTrustee | 2 | $0 |
William D Tyree III Treasurerdirector | OfficerTrustee | 3 | $0 |
Fredrick Virtucio Director | Trustee | 2 | $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 | $239,523 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $239,523 |
| 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 | $239,523 |
| 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 | $238,083 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $200 |
| Information technology | $119 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,246 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $90 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $243,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,267 |
| 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 | $7,267 |
| Accounts payable and accrued expenses | $558 |
| 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 | $558 |
| Net assets without donor restrictions | $6,709 |
| 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 | $7,267 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that His1040 Inc has recieved totaling $46,350.
| Awarding Organization | Amount |
|---|---|
Asia Harvest Winston Salem, NC PURPOSE: OPERATIONS | $46,350 |
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 |