Generous Giving Inc
- Assets
- $3.7m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 27
- Location
- Lexington, KY
- Founding
- 07/2001
- Data as of
- 12/2022
- EIN
- 58-2556775
Organization Overview
Generous Giving Inc is located in Lexington, KY. The organization was established in 2001. According to its NTEE Classification (X19) the organization is classified as: Support N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2022, Generous Giving Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Generous Giving 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, Generous Giving Inc generated $4.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $4.6m during the year ending 12/2022. While expenses have increased by 6.0% 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
SPREAD THE BIBLICAL MESSAGE OF GENEROSITY TO GROW GENEROUS GIVERS AMONG THOSE ENTRUSTED WITH MUCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SERVE, BENEFIT, AND SUPPORT INDIVIDUALS, CHRISTIAN EVANGELICAL MINISTRIES, AND CHURCHES WITH PRODUCTS AND SERVICES RELATED TO CHRISTIAN STEWARDSHIP.EMERGING LEADERS - AMBITIOUS GENEROSITY AMONG YOUNG LEADERS, FOR THE GLORY OF GOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Baumer Chairman Of The Board | Trustee | 3 | $0 |
Daryl J Heald Director | Trustee | 2 | $0 |
Frances Heald Sheffield Director | Trustee | 1 | $0 |
David H Wills Director | Trustee | 3 | $0 |
David Luttrell Director | Trustee | 1 | $0 |
George Clark Chairman Of The Board | Trustee | 4 | $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 | $3,951,716 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,951,716 |
| Total Program Service Revenue | $681,279 |
| Investment income | $28,092 |
| 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 | $4,661,087 |
| 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. | $544,144 |
| Compensation of current officers, directors, key employees. | $136,036 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,648,881 |
| Pension plan accruals and contributions | $139,917 |
| Other employee benefits | $239,971 |
| Payroll taxes | $154,199 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,894 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $107,776 |
| Office expenses | $49,641 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,789 |
| Travel | $136,403 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $970,621 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,278 |
| Insurance | $0 |
| All other expenses | $13,076 |
| Total functional expenses | $4,627,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,673,255 |
| 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 | $73,293 |
| Net Land, buildings, and equipment | $1,503 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,748,051 |
| Accounts payable and accrued expenses | $155,163 |
| Grants payable | $0 |
| Deferred revenue | $827,110 |
| 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 | $982,273 |
| Net assets without donor restrictions | $2,765,778 |
| 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 | $3,748,051 |