1040 Connections Inc
- Assets
- $2.1m
- Revenue
- $481.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Chattanooga, TN
- Founding
- 10/2000
- Data as of
- 12/2023
- 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 12/2023, 1040 Connections Inc employed 5 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 12/2023, 1040 Connections Inc generated $481.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $556.3k during the year ending 12/2023. While expenses have increased by 5.6% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE PROCLAIM THE GOSPEL TO THE END OF THE EARTH BY DEFENDING LIFE AND MULTIPLYING SERVANT LEADERS IN ORDER TO CATALYZE DISCIPLE MAKING MOVEMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPING LEADERS - 10/40 CONNECTIONS PROVIDES RELEVANT AND PRACTICAL THEOLOGICAL INSTRUCTION WHICH INPACTS THE WHOLE PERSON AND THE WHOLE COMMUNITY. OUR UMMEED PROJECT DEVELOPED 1,570 LEADERS THROUGH 36 SEMINARS IN MULTIPLE STATES OF INDIA. IN ANOTHER NATION, WITH 9 TEACHERS AND 23 CLASSES,OUR ADULT LITERACY PROGRAMS HELPED 180+ PEOPLE LEARN TO READ AND WRITE. WE HOSTED 2 CONFERENCES IN 2 NATIONS WITH OVER 200 LEADERS.OUR TEACHING CURRICULUM WAS TRANSLATED INTO 4 LANGUAGES AND IS NOW SPREADING THROUGH NETWORKS. 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.(CONT. SCH O7)
EDUCATION-CHILDREN 10/40 CONNECTIONS UNDERSTANDS THE VALUE OF EDUCATION TO INSPIRE HOPE AND BRING TANGIBLE LIFE CHANGE, ESPECIALLY TO CHILDREN. WE BROUGHT EDUCATION IN SOUTH ASIA THROUGH A SCHOOL OF 250 CHILDREN IN A REMOTE VILLAGE AREA. WE BEGAN RUNNING A SCHOOL WITH 150 STUDENTS IN A TRIBAL AREA OF SOUTH ASIA. WE CONTINUED RUNNING 4 DAILY SCHOOLS FOR 140+ CHILDREN IN VILLAGES THAT PREVIOUSLY HAD ZERO ACCESS TO EDUCATION. WE FUNDED EDUCATIONAL EXPENSES, INCLUDING NURSING SCHOOLS, FOR 17 GIRLS RESCUED FROM ABUSIVE SITUALTIONS.
LIFE ADVOCACY - 10/40 CONNECTIONS WORKS TO PROVIDE WHOLE-LIFE CHANGE, HOPE, AND PROTECTION TO AT-RISK PEOPLE, PARTICULARLY WOMEN AND CHILDREN, THROUGH EXPENDING THEIR ACCESS TO CLEAN WATER AND HEALTH EDUCATION. WE INSTALLED FIVE HYGIENE SYSTEMS IN VILLAGES, HELPING OVER 1,500 PEOPLE WITH SAFETY AND CLEAN WATER. WE PROVIDED FOOD AND DAILY ASSISTANCE FOR 1,000+ VILLAGERS IN A FLOOD RELIEF SITUATION IN SOUTH ASIA. OVER 2,200 FAMILIES PARTICIPATED IN OUR VOICE FOR THE VOICELESS SEMINARS, WHICH SPEAK UP FOR THE MOST VULNERABLE CHILDREN - THE PRE-BORN. WE HOSTED 5 CATARACT CLINCIS WHICH GAVE SIGNT TO 211 PEOPLE AND TREATED 446 PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Segraves Vice President And Exec Direc | OfficerTrustee | 40 | $73,081 |
Leslie Segraves President | OfficerTrustee | 30 | $63,257 |
Jinna Neal Treasurer And Director | OfficerTrustee | 15 | $33,540 |
Gwen Plauche Board Member | Trustee | 0 | $0 |
Pamper Crangle Board Member | Trustee | 0 | $0 |
Allen Scales Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,040 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $438,284 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $454,324 |
| Total Program Service Revenue | $0 |
| Investment income | $29,164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,199 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $88 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $481,377 |
| 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 | $268,251 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $169,878 |
| Compensation of current officers, directors, key employees. | $37,303 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,513 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,874 |
| Payroll taxes | $13,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,119 |
| 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 | $12,272 |
| Information technology | $2,478 |
| Royalties | $0 |
| Occupancy | $6,542 |
| Travel | $36,904 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $798 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $994 |
| Insurance | $1,843 |
| All other expenses | $16,607 |
| Total functional expenses | $556,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $903,723 |
| Savings and temporary cash investments | $500,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,767 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,592 |
| Prepaid expenses and deferred charges | $1,580 |
| Net Land, buildings, and equipment | $19,649 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $685,563 |
| Total assets | $2,122,874 |
| Accounts payable and accrued expenses | $4,004 |
| 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 | $18,993 |
| Total liabilities | $22,997 |
| Net assets without donor restrictions | $1,786,036 |
| Net assets with donor restrictions | $313,841 |
| 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 | $2,122,874 |