Club1040 Inc
- Assets
- $657.1k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Broken Arrow, OK
- Founding
- 04/2005
- Data as of
- 12/2021
- EIN
- 20-0432845
Organization Overview
Club1040 Inc, operating under the name Club1040com, is located in Broken Arrow, OK. The organization was established in 2005. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Club1040com employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Club1040com 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 12/2021, Club1040com generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $712.5k during the year ending 12/2021. While expenses have increased by 7.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BY PLANTING MINISTRY TRAINING CENTERS AND CHURCHES IN LEAST REACHED NATIONS, WITH A PRIMARY FOCUS ON ISLAMIC NORTH AFRICA AND THE MIDDLE EAST, WE ARE CONTRIBUTING SIGNIFICANTLY TO THE CLOSURE OF THE GREAT COMMISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MADE SIGNIFICANT PROGRESS IN DEVELOPING ITS NEW GROUPS-BASED CHURCH IN BEIRUT, LEBANON WHICH IS CENTRAL IN ITS EFFORT TO DEVELOP CHURCH LEADERS IN THE MENA REGION. ALSO WORKED WITH CHURCHES AND MISSION ORGANIZATIONS IN BRAZIL TO MOBILIZE MISSIONARIES FROM LATIN AMERICA TO THE REGION.WORKED TO DELIVER AID AND SUPPORT FOLLOWING THE AUGUST 4 BLAST IN BEIRUT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Beemer Vice President | OfficerTrustee | 40 | $26,928 |
Matthew Beemer President | OfficerTrustee | 60 | $19,200 |
Jason Younger Treasurer | OfficerTrustee | 1 | $0 |
Alan Morton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $997,506 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,039,206 |
| Total Program Service Revenue | $0 |
| Investment income | $1,326 |
| 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 | $1,040,532 |
| 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. | $106,128 |
| Compensation of current officers, directors, key employees. | $10,613 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,322 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,232 |
| Payroll taxes | $16,447 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,170 |
| Fees for services: Accounting | $5,205 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $59,982 |
| Office expenses | $43 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $52,853 |
| 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 | $40 |
| Insurance | $5,797 |
| All other expenses | $68,922 |
| Total functional expenses | $712,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $289,870 |
| Savings and temporary cash investments | $212,733 |
| 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 | $154,533 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $657,136 |
| Accounts payable and accrued expenses | $16,334 |
| 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 | $16,334 |
| Net assets without donor restrictions | $0 |
| 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 | $640,802 |
| Total liabilities and net assets/fund balances | $657,136 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Club1040 Inc has recieved totaling $1,654.
| Awarding Organization | Amount |
|---|---|
Vandiver Ministries International Newark, TX PURPOSE: SUPPORT THE MINISTRY | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $154 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity Christian Center Of Santa Ana Inc Fort Worth, TX | $220,989,355 | $120,975,345 |
Christian Living Neighborhoods Englewood, CO | $224,341,637 | $68,240,806 |
Andrew Wommack Ministries Inc Woodland Park, CO | $3,718,119 | $49,366,853 |
Central Missionary Clearinghouse Inc Houston, TX | $6,419,067 | $44,656,736 |
Parish Episcopal School Dallas, TX | $99,531,938 | $38,441,453 |
Omega Charitable Developers Inc Houston, TX | $6,275,678 | $33,763,984 |
Rightnow Ministries International McKinney, TX | $45,408,215 | $33,884,225 |
Newman International Academy Arlington, TX | $46,580,877 | $32,428,105 |
Ministry Health Care Inc St Louis, MO | $291,511,056 | $25,156,032 |
Pine Cove Inc Tyler, TX | $43,410,564 | $33,919,246 |
Interfaith Ministries For Greater Houston Houston, TX | $17,611,753 | $29,868,273 |
Bible Study Fellowship San Antonio, TX | $20,886,435 | $27,831,196 |