Innovations For Gospel Impact Inc
- Assets
- $306.4k
- Revenue
- $357.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Vienna, VA
- Founding
- Data as of
- 12/2023
- EIN
- 88-3526522
Organization Overview
Innovations For Gospel Impact Inc is located in Vienna, VA. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovations For Gospel Impact Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
IGI PROVIDES A SUSTAINED MESSAGE OF JESUS CHRIST WHILE SOLVING REAL WORLD PROBLEMS WITH AN INNOVATIVE APPROACH. WE FIND, FUEL, AND FUND LEADERS TO INNOVATE AND SCALE GOSPEL IMPACT. IGI ORIGINATED AS A PROGRAM OF BOOST OTHERS, A 501(C)(3) ORGANIZATION FORMED TO REACH OUT TO THE INDIGENT AND NEEDY MEETING BOTH SPIRITUAL AND PHYSICAL NEEDS. A NEW ENTITY FOR IGI WAS FORMED IN 2022 AS A WHOLLY CONTROLLED SUBSIDIARY OF BOOST OTHERS AND SUBSEQUENTLY SPUN OFF AS A SEPARATE, INDEPENDENT, ENTITY ON 1/1/24.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTNER WITH ESTABLISHED AND NEWLY FORMED ENTITIES AND ENTREPRENEURS ENGAGED IN SPREADING THE GOSPEL, DISCIPLESHIP, AND MEETING THE NEEDS OF THE UNDERSERVED. COMMUNITIES SERVED INCLUDE CHILDREN, FAMILIES LIVING IN EXTREME POVERTY, WOMEN AND GIRLS EXPLOITED BY SEX TRAFFICKING AND INDIVIDUALS OTHERWISE IMPOVERISHED AND NEGLECTED. THE ENTITY EMPLOYS A STRATEGY TO IDENTIFY ORGANIZATIONS WHICH ARE EFFECTIVE IN SERVING THESE COMMUNITIES, ASSISTING THEM WITH BUSINESS AND STRATEGIC DIRECTION, AND FUNDING WHERE APPROPRIATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Duenkal Secretary | Trustee | 1 | $0 |
Thomas Waite Treasurer | Trustee | 0 | $0 |
Dale Sutherland President | Officer | 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 | $357,000 |
| Noncash contributions included in lines 1a–1f | $500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $357,000 |
| Total Program Service Revenue | $0 |
| 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 | $357,000 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,583 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,193 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,358 |
| Office expenses | $778 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,228 |
| 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 | $2,236 |
| Total functional expenses | $80,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,361 |
| 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 | $306,361 |
| Accounts payable and accrued expenses | $28,600 |
| 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 | $1,137 |
| Total liabilities | $29,737 |
| Net assets without donor restrictions | $276,624 |
| 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 | $306,361 |