European Initiative
- Assets
- $505.3k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 13
- Location
- Colleyville, TX
- Founding
- 04/2007
- Data as of
- 12/2022
- EIN
- 74-3197705
Organization Overview
European Initiative is located in Colleyville, TX. The organization was established in 2007. 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 12/2022, European Initiative employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. European Initiative 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, European Initiative generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 10.7% 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
EUROPEAN INITIATIVE EXISTS TO IGNITE A SPIRITUAL AWAKENING IN EUROPE WITH A FOCUS ON EVANGELISM, COMPASSION, EQUIPPING THE CHURCH, PRAYER & WORSHIP, AND BLESSING THE JEWISH PEOPLE. LEARN MORE AT HTTP://WWW.EUROPEANINITIATIVE.COM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, EUROPEAN INITIATIVE CONTINUED ITS EFFORTS TO PROCLAIM THE GOSPEL OF JESUS CHRIST THROUGHOUT EUROPE. WE MOBILIZED OUR STAFF AND MORE THAN 90 VOLUNTEERS, BOTH EUROPEANS AND AMERICANS, TO 14 NATIONS. APPROXIMATELY 8,000 EUROPEANS WERE REACHED AND MORE THAN 250 MADE DECISIONS FOR CHRIST. ADDITIONALLY, WE CONTINUED OUR MISSION TO EQUIP AND INSPIRE EUROPEANS PARTNER CHURCHES TO EVANGELIZE AND IMPACT THEIR NATIONS.BEGINNING IN FEBRUARY AND CONTINUING THROUGH THE YEAR, EI WAS VERY ENGAGED WITH THE WAR IN UKRAINE. COMMENCING FROM OUR BASE IN BUDAPEST, HUNGARY, OUR STAFF AND VOLUNTEERS MADE MORE THAN 60 TRIPS INTO THE NATION, DELIVERING APPROX. $900,000 IN HUMANITARIAN RELIEF FOR THE UKRAINIAN PEOPLE. ADDITIONALLY, EI STAFF AND VOLUNTEERS MADE MULTIPLE TRIPS TO ROMANIA, DELIVERING SEVERAL THOUSAND DOLLARS IN FOOD SUPPLIES TO ASSIST THE INDIGENT ROMA PEOPLE. AN EI TEAM ALSO MINISTERED TO REFUGEES SEEKING ASYLUM IN GREECE DURING THE SUMMER. OUR TOTAL RELIEF EFFORTS IN ALL 3 NATIONS SERVED APPROXIMATELY 400,000 PEOPLE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Serio Chairman | OfficerTrustee | 40 | $69,300 |
Olen Griffing Director | Trustee | 1 | $0 |
Matthew Lankenau Secretary | OfficerTrustee | 1 | $0 |
Michael Knight Treasurer | OfficerTrustee | 1 | $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 | $1,354,772 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,354,772 |
| Total Program Service Revenue | $52,671 |
| 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 | $1,407,443 |
| 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 | $522,942 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $132,100 |
| Compensation of current officers, directors, key employees. | $13,210 |
| Compensation to disqualified persons | $36,000 |
| Other salaries and wages | $311,469 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,613 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,497 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,753 |
| Advertising and promotion | $17,282 |
| Office expenses | $1,326 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,540 |
| Travel | $183,204 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $948 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,071 |
| Insurance | $0 |
| All other expenses | $1,992 |
| Total functional expenses | $1,394,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $472,351 |
| 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 | $27,637 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,341 |
| Total assets | $505,329 |
| Accounts payable and accrued expenses | $4,734 |
| 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 | $67,612 |
| Total liabilities | $72,346 |
| Net assets without donor restrictions | $432,983 |
| 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 | $505,329 |