The Church Initiative Inc
- Assets
- $4.8m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 37
- Location
- Wake Forest, NC
- Founding
- 12/1995
- Data as of
- 06/2021
- EIN
- 56-1889818
Organization Overview
The Church Initiative Inc is located in Wake Forest, NC. The organization was established in 1995. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 06/2021, Church Initiative Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Church Initiative 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 06/2021, Church Initiative Inc generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $3.8m during the year ending 06/2021. 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
ESTABLISH EQUIP AND PROVIDE ONGOING BIBLICALLY BASED AND CHRIST CENTERED CHURCHES SPONSORING LIFE CRISES MINISTRY SUPPORT GROUPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHED AND EQUIPPED 2,113 NEW CHURCH SPONSORED LIFE CRISES MINISTRY SUPPORT GROUPS. DISTRIBUTED 173,154 NEW BOOKS AND 573,200 PROMOTION SHEETS TO CHURCHES FOR USE BY BIBLICALLY BASED AND CHRIST- CENTERED MINISTRY SUPPORT GROUP PARTICIPANTS. HOSTED MULTIPLE WEBSITES PROMOTING CHURCH GROUPS AND CONNECTING POTENTIAL PARTICIPANTS TO CHURCHES. MADE AVAILABLE LIVE CRISIS MINISTRY CURRICULUM-USE CONSULTATION TO THOUSANDS OF CHURCHES EACH BUSINESS WORKDAY. MADE MANY FREE DIGITAL DOWNLOAD AND STREAMING TOOLS AVAILABLE TO GROUP LEADERS AND PARTICIPANTS. SENT MORE THAN 35,000 DEVOTINAL EMAIL MESSAGES EACH DAY OF THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen D Grissom CEO | OfficerTrustee | 40 | $206,414 |
Richard W Ragland Sr VP | OfficerTrustee | 40 | $157,561 |
Cheryl A Grissom VP | OfficerTrustee | 40 | $95,274 |
Samuel J Hodges IV President | Officer | 40 | $89,391 |
Bradley M Buie Directortreasurer | OfficerTrustee | 0.3 | $0 |
William B Dunn Director | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jason Ives Technology Systems | 6/29/21 | $129,861 |
Jonathan R Kelley Technology Systems | 6/29/21 | $148,626 |
Hybrid Llc Technology Systems | 6/29/21 | $103,792 |
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 | $3,549 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,549 |
| Total Program Service Revenue | $0 |
| Investment income | $1,614 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $32,524 |
| 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 | $3,093,938 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,131,625 |
| 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 | $13,270 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $692,163 |
| Compensation of current officers, directors, key employees. | $138,433 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,251,009 |
| Pension plan accruals and contributions | $38,285 |
| Other employee benefits | $302,521 |
| Payroll taxes | $123,227 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,281 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,921 |
| Fees for services: Other | $0 |
| Advertising and promotion | $63,978 |
| Office expenses | $486,462 |
| Information technology | $531,603 |
| Royalties | $2,130 |
| Occupancy | $60,848 |
| Travel | $4,713 |
| 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 | $84,423 |
| Insurance | $595 |
| All other expenses | $98,335 |
| Total functional expenses | $3,764,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,181 |
| Savings and temporary cash investments | $2,955,429 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,055 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $433,158 |
| Prepaid expenses and deferred charges | $64,215 |
| Net Land, buildings, and equipment | $942,129 |
| Investments—publicly traded securities | $22,679 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,831 |
| Other assets | $0 |
| Total assets | $4,823,677 |
| Accounts payable and accrued expenses | $195,942 |
| 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 | $887,350 |
| Other liabilities | $0 |
| Total liabilities | $1,083,292 |
| Net assets without donor restrictions | $3,740,385 |
| 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 | $4,823,677 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Church Initiative Inc has recieved totaling $1,710.
| Awarding Organization | Amount |
|---|---|
Mary Martin Pettingell Foundation North Kingstown, RI PURPOSE: GENERAL OPERATING SUPPORT | $1,250 |
Joint Heirs Ministry Mercer Island, WA PURPOSE: SUPPORT CHRISTIAN ORGANIZATIONS | $460 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corporate Chaplains Of America Inc Wake Forest, NC | $14,993,771 | $19,711,827 |
Choice Books Of Northern Virginia Inc Bristow, VA | $30,496,266 | $18,835,763 |
Reaching Unreached Nations Inc Virginia Beach, VA | $5,800,346 | $15,911,313 |
Precept Ministries Of Reach Out Inc Chattanooga, TN | $10,987,140 | $15,669,576 |
Lake Junaluska Assembly Inc Lake Junaluska, NC | $31,377,440 | $12,754,761 |
Holy Angels Inc Belmont, NC | $12,927,862 | $9,334,354 |
Impact 360 Institute Inc Atlanta, GA | $4,530,260 | $9,934,364 |
Joshua Fund McLean, VA | $5,014,805 | $7,059,858 |
Proverbs 31 Ministry Inc Matthews, NC | $13,247,275 | $7,018,606 |
Intend Ministries Murfreesboro, TN | $2,990,387 | $7,592,867 |
Buckhead Christian Ministry Inc Atlanta, GA | $4,936,507 | $4,578,885 |
Churches Of Christ Disaster Relief Effort Inc Nashville, TN | $53,629,657 | $14,143,099 |