1040 Connections Inc
- Assets
- $1.1m
- Revenue
- $578.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Chattanooga, TN
- Founding
- 10/2000
- Data as of
- 12/2021
- EIN
- 62-1825230
Organization Overview
1040 Connections Inc is located in Chattanooga, TN. The organization was established in 2000. 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, 1040 Connections Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 1040 Connections 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 12/2021, 1040 Connections Inc generated $578.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $417.3k during the year ending 12/2021. While expenses have increased by 3.5% 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
10/40 CONNECTIONS EXISTS TO CAST HOPE TO UNREACHED PEOPLES SO THAT THEY HEAR, EXPERIENCE AND MULTIPLY THE GOOD NEWS OF JESUS. WE DO SO BY CONNECTING THE BODY OF CHRIST, EQUIPPING BELIEVERS AND ENGAGING THE LEAST REACHED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISASTER RELIEF - 10/40 CONNECTIONS MEETS PHYSICAL NEEDS OF THOSE IN DESPERATE SITUATIONS. IN 2021, DUE TO THE PANDEMIC, WE OFFERED EMERGENCY FOOD PACKETS IN INDIA, BANGLADESH, AND PAKISTAN FOR THOUSANDS OF FAMILIES. WE SUPPLIED FOOD REGARDLESS OF RELIGIOUS BACKGROUND. THE PEOPLE WHO RECEIVED FOOD INCLUDED WIDOWS, MIGRANTS, REFUGEES, SLUM AREAS IN URBAN COMMUNITIES, AND ENTIRE RURAL VILLAGES. WE ALSO CONSTRUCTED 28 HOMES IN A REFUGEE COLONY IN SOUTH ASIA AFTER DEVASTATION BY FIRE.
EDUCATE AND EMPOWER AT-RISK CHILDREN - 10/40 CONNECTIONS WORKS TO PROVIDE WHOLE-LIFE CHANGE, HOPE, AND PROTECTION TO AT-RISK CHILDREN THROUGH EXPANDING THEIR EDUCATIONAL OPPORTUNITIES. MANY SCHOOLS IN ASIA REMAINED SHUT DOWN IN 2021, BUT WE PURCHASED EQUIPMENT SO CHILDREN COULD ATTEND VIRTUAL SCHOOL REMOTELY. OVER 2,500 FAMILIES PARTICIPATED IN OUR VOICE FOR THE VOICELESS SEMINARS, WHICH SPEAKS UP FOR THE MOST VULNERABLE CHILDREN-THE PRE-BORN. WE CONTINUED A DAILY SCHOOL FOR 63 CHILDREN IN A VILLAGE THAT PREVIOUSLY HAD ZERO ACCESS TO EDUCATION. WE FUNDED EDUCATIONAL EXPENSES FOR 17 GIRLS RESCUED FROM ABUSIVE SITUATIONS.
EQUIP BELIEVERS INTERNATIONALLY - 10/40 CONNECTIONS PROVIDES RELEVANT AND PRACTICAL THEOLOGICAL INSTRUCTION WHICH INPACTS THE WHOLE PERSON AND THE WHOLE COMMUNITY. OUR UMMEED PROJECT DEVELOPED 1,250 LEADERS THROUGH 36 SEMINARS IN MULTIPLE STATES OF INDIA. WITH 15 CLASSES AND 9 TEACHERS, OUR LITERACY PROGRAMS HELPED 215 PEOPLE LEARN TO READ AND WRITE. FOR THOSE WHO WANT TO UNDERSTAND MORE ABOUT HOW TO HAVE A CLEAN HEART AND NOT JUST DO GOOD DEEDS, WE ARE HAPPY TO SHARE SOME GOOD NEWS. WHILE MOST RELIGIONS ATTEMPT TO HELP PEOPLE BECOME BETTER PEOPLE OR PLEASE GOD, WE HAVE FOUND THAT JESUS CHRIST ACTUALLY MAKES IT POSSIBLE. AFTER HE LIVED A PERFECT LIFE WITHOUT ONE WRONG WORD, DEED, THOUGHT, OR MOTIVE, JESUS ALLOWED HIMSELF TO DIE ON THE CROSS TO PAY THE PENALTY FOR THE WRONG THINGS PEOPLE DO. THREE DAYS LATER THE RESURRECTION OF JESUS SHOWED THAT HE HAD POWER OVER DEATH, AND THAT PEOPLE NEED NOT LIVE IN FEAR. JESUS OFFERS FORGIVENESS.
US MOBILIZATION EXPENSES- $11,126; FIGHT INJUSTICE - EXPENSES $10,502; MEDICAL CLINICS-EXPENSES $3,464; WATER WELLS - EXPENSES $8,019; MULTIPLY ANIMALS-EXPENSES $1,656; ROHINYA HOME-EXPENSES $14,704; SEWING MACHINE - EXPENSES $6,096
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Segraves Vice President And Exec Direc | OfficerTrustee | 40 | $60,808 |
Leslie Segraves President | OfficerTrustee | 30 | $50,419 |
Jinna Neal Treasurer And Director | OfficerTrustee | 15 | $30,955 |
Allen Scales Chairman | OfficerTrustee | 0 | $0 |
Emily Midgette Secretary | OfficerTrustee | 0 | $0 |
Gwen Plauche Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,944 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $558,034 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $582,978 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,610 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $578,437 |
| 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 | $204,238 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $142,182 |
| Compensation of current officers, directors, key employees. | $33,366 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $538 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,882 |
| Payroll taxes | $10,920 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,309 |
| Advertising and promotion | $0 |
| Office expenses | $12,663 |
| Information technology | $1,460 |
| Royalties | $0 |
| Occupancy | $12,705 |
| Travel | $3,401 |
| 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 | $768 |
| Insurance | $1,735 |
| All other expenses | $2,082 |
| Total functional expenses | $417,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $611,598 |
| Savings and temporary cash investments | $29,378 |
| 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 | $1,157 |
| Prepaid expenses and deferred charges | $4,852 |
| Net Land, buildings, and equipment | $1,879 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $461,858 |
| Total assets | $1,110,722 |
| Accounts payable and accrued expenses | $13,186 |
| 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 | $13,186 |
| Net assets without donor restrictions | $749,857 |
| Net assets with donor restrictions | $347,679 |
| 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 | $1,110,722 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that 1040 Connections Inc has recieved totaling $73,831.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $27,047 |
Sonscope Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Shepherds Arms Rescue Mission Inc Chattanooga, TN PURPOSE: CONTRIBUTIONS | $6,577 |
Weldon F Osborne Foundation Inc Chattanooga, TN PURPOSE: TECHNOLOGY | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $207 |
Endowment Analysis
| Beg. Balance | $239,218 |
| Earnings | $19,565 |
| Net Contributions | $6,000 |
| Ending Balance | $264,783 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Ministry Health Care Inc St Louis, MO | $291,511,056 | $25,156,032 |
Martha Obryan Center Inc Nashville, TN | $41,203,339 | $31,115,116 |
Ravi Zacharias International Ministries Norcross, GA | $12,439,416 | $25,742,588 |
Inspiritus Inc Atlanta, GA | $4,563,820 | $17,981,504 |
Rescue Missions Ministries Inc Durham, NC | $22,198,926 | $18,805,895 |
Lifeshape Inc Atlanta, GA | $41,056,311 | $15,846,732 |
Haggai International Institute For Advanced Leadership Training Inc Peachtree Corners, GA | $41,354,774 | $16,620,781 |
Haven Of Our Lady Of Peace Inc St Louis, MO | $8,612,583 | $10,375,484 |
Elam Ministries Inc Alpharetta, GA | $5,679,728 | $12,042,641 |