Called 2 Serve Foundation
- Assets
- $3.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 10
- Location
- Lehi, UT
- Founding
- 07/2001
- Data as of
- 12/2023
- EIN
- 87-0641040
Organization Overview
Called 2 Serve Foundation, operating under the name Academy For Creating Enterprise, is located in Lehi, UT. The organization was established in 2001. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Academy For Creating Enterprise employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy For Creating Enterprise 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, Academy For Creating Enterprise generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 12.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE IGNITE THE ENTREPRENEURIAL MINDSET IN FAITH-DRIVEN PEOPLE THROUGH TRAINING AND SUPPORT TO CREATE MORE ABUNDANT LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS WERE GIVEN TO INTERNATIONAL PROGRAMS WHO UTILIZED MEMBER GROUPS (CALLED CHAPTERS) TO FACILITATE ALL ACTIVITY NEEDED TO ASSIST MEMBERS IN THEIR JOURNEY TO BECOME FINANCIALLY INDEPENDENT. BY THE END OF 2023 A TOTAL OF 978 CHAPTERS WERE OPERATING WITH TOTAL TRAINING SESSIONS FOR THAT YEAR REACHING 659 IN WHICH 24,716 STUDENTS WERE TRAINED. PROGRAM EXPENDITURES TOTALED $1,861,870 ($1,197,266 DIRECT AND $664,604 INDIRECT) DOLLARS ON CHAPTER TRAINING AND SUPPORT, 82% OF OUR ANNUAL BUDGET. IN THE YEAR 2023, CHAPTER PROGRAMS OPERATED IN THE FOLLOWING COUNTRIES: THE PHILIPPINES, MEXICO, BRAZIL, PERU, VENEZUELA, BOLIVIA, ECUADOR, COLOMBIA, GHANA, NIGERIA, ARGENTINA, PARAGUAY, CHILE, AND GUATEMALA. THE FOLLOWING NUMBERS REPRESENT STATISTICS FOR THE YEAR 2023: START NOW TRAINING SESSIONS HELD - 640 CHAPTER MEMBERSHIP - 28,467 NEW INCOME GENERATING ACTIVITIES (NEW SMALL BUSINESSES) FORMED BY CHAPTER MEMBERS IN 2022 - 8,613 THE ANNUAL ACADEMY AWARDS IN EACH AREA ($67,666 SPENT IN ALL AREAS) CELEBRATES THE ACHIEVEMENTS OF MEMBERS THROUGHOUT THE YEAR WEBINARS - 1,101WEBINARS; 174,142 ATTENDEES THROUGHOUT THE YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shaun Ritchie Board Chair | OfficerTrustee | 1 | $0 |
Lyle Cricket Parry Treasurer | OfficerTrustee | 1 | $0 |
Eric Louden Vice Chair | Trustee | 1 | $0 |
Joe Swenson Board Member | Trustee | 1 | $0 |
Jolene Swenson Board Member | Trustee | 1 | $0 |
Stephen W Gibson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $112,859 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,117,264 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,230,123 |
| Total Program Service Revenue | $0 |
| Investment income | $115,333 |
| 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 | $1,345,456 |
| 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 | $1,247,876 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,660 |
| Compensation of current officers, directors, key employees. | $26,132 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $461,040 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,499 |
| Payroll taxes | $49,700 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,949 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,038 |
| Advertising and promotion | $44,590 |
| Office expenses | $5,572 |
| Information technology | $203,237 |
| Royalties | $0 |
| Occupancy | $11,754 |
| Travel | $69,862 |
| 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 | $783 |
| All other expenses | $0 |
| Total functional expenses | $2,323,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,679 |
| Savings and temporary cash investments | $3,092,621 |
| Pledges and grants receivable | $594,920 |
| Accounts receivable, net | $1,074 |
| 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 | $4,144 |
| 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 | $3,757,438 |
| Accounts payable and accrued expenses | $64,167 |
| 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 | $64,167 |
| Net assets without donor restrictions | $3,069,077 |
| Net assets with donor restrictions | $624,194 |
| 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 | $3,757,438 |