Cabc Usa Inc
- Assets
- $2.6m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- New Berlin, WI
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 82-2467715
Organization Overview
Cabc Usa Inc is located in New Berlin, WI. The organization was established in 2018. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cabc USA 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, Cabc USA Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 38.7% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 17.3% per year over the past 4 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
TO FACILITATE TRAINING FOR "GREAT COMMISSION" LIVING, WHICH IS TO GLORIFY GOD BY ADVANCING THE GOSPEL OF THE LORD JESUS CHRIST BY EQUIPPING SERVANT-LEADERS TO BE PASTORS, EVANGELISTS, EDUCATORS AND TRAINERS OF CHRISTIAN LEADERS FOR SERVICE TO CHRIST OUR KING ACROSS AFRICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EDUCATE 65 STUDENTS IN OUR BA DEGREE IN BIBLE, 55 STUDENTS PURSUING A DIPLOMA IN PRIMARY EDUCATION, 28 PURSUING A CERTIFICATE IN COUNSELING OR SIGN LANGUAGE, AND 18 STUDENTS IN OUR GENESIS GAP YEAR PROGRAM. OVER 100 CHAPLAINS ARE PURSUING A CERTIFICATION IN CHAPLAINCY THROUGH CONCENTRATED BLOCK CLASSES. OVER 1350 PASTORS ARE PURSUING CONTINUING EDUCATION THROUGH THE THEOLOGICAL STUDIES BY EXTENSION PROGRAM OFF CAMPUS IN ZAMBIA, MALAWI, CONGO, BOTSWANA, UGANDA, ISWATINI, AND KENYA. STUDENTS ON CAMPUS ARE FROM TANZANIA, UGANDA, KENYA, MALAWI, NAMIBIA, ANGOLA, ZIMBABWE, SOUTH AFRICA, ZAMBIA, AND DR CONGO. THE UNIVERSITY IS ACCREDITED BY THE HIGHER EDUCATION AUTHORITY (HEA) OF ZAMBIA AND INTERNATIONALLY THROUGH ACTEA, THE ASSOCIATION FOR CHRISTIAN THEOLOGICAL EDUCATION IN AFRICA WWW.ACTEAWEB.ORG. THE PRIMARY EDUCATION PROGRAM IS ACCREDITED BY THE TEACHING COUNCIL OF ZAMBIA (TCZ).THE MISSION OF THE UNIVERSITY IS TO GLORIFY GOD BY ADVANCING THE GOSPEL BY EQUIPPING SERVANT-LEADERS TO BE PASTORS, EVANGELISTS, EDUCATORS, AND TRAINERS OF CHRISTIAN LEADERS FOR SERVICE TO CHRIST ACROSS AFRICA. THE SUPPORT ALSO INCLUDED FUNDING THE CONSTRUCTION OF A LIBRARY AND SEMINARY BUILDING, AND PUBLISHING BUILDING, AND THE COLLEGE RADIO STATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Cassidy Director & Us Advancement Director | Trustee | 3 | $36,000 |
Philip Hunt Director & Board President | OfficerTrustee | 2 | $0 |
Steven Hartung Director & Board Chairman And Secretary | OfficerTrustee | 3 | $0 |
Philip Gordon Director & Board Treasurer | OfficerTrustee | 3 | $0 |
Samuel Horn Director | Trustee | 1 | $0 |
Rod Reasen Director | Trustee | 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 | $2,345,930 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,345,930 |
| Total Program Service Revenue | $0 |
| Investment income | $6 |
| 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 | $2,345,936 |
| 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 | $1,216,519 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $36,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,225 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,669 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,291,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,554,363 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,554,363 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $2,554,363 |
| 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 | $2,554,363 |