Clerestory Inc
- Assets
- $1.0m
- Revenue
- $1.1m
- Investments
- $296.6k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 06/2011
- Data as of
- 12/2023
- EIN
- 27-4967363
Organization Overview
Clerestory Inc is located in Birmingham, AL. The organization was established in 2011. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clerestory 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 12/2023, Clerestory Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $382.4k during the year ending 12/2023. While expenses have increased by 8.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CLERESTORY'S VISION IS TO BE A PLATFORM TO RAISE AWARENESS OF THE UNIQUE AND CRITICAL MISSION OF TRUE-GOSPEL CHURCHES ON THE GROUND DOING THE WORK OF MAKING DISCIPLES AMONG THE POOR AND MARGINALIZED, AND TO FOCUS CHRISTIAN CHARITY TOWARD DISCIPLE-MAKING CHURCHES AND THE NON-PROFITS THAT SUPPORT THEM. CLERESTORY CARRIES OUT THIS VISION BY UTILIZING MORE THAN A DOZEN YEARS OF ON-THE-GROUND EXPERIENCE TO PROVIDE FINANCIAL AND LOGISTICAL SUPPORT THROUGH CONSULTING, ACCESS TO VOLUNTEERS, EXPERTISE AND SERVICES TO CHURCHES AND NON-PROFITS IN PARTICULAR AREAS OF SPECIALIZED NEED, ESPECIALLY IN THE AREA OF ECONOMIC DEVELOPMENT AND ASSISTANCE TO INDIVIDUALS WALKING A PATH TO FINANCIAL SELF-SUFFICIENCY.
Describe the Organization's Program Activity:
PROVIDED FINANCIAL, CONSULTING, VOLUNTEERS, EXPERTISE, AND SERVICES TO CHURCHES AND NON-PROFITS IN AREAS OF SPECIALIZED NEED TO BRING ECONOMIC DEVELOPMENT AND ASSISTANCE TO THE MATERIALLY POOR AND MARGINALIZED CREATING A PATH TO FINANCIAL SELF SUFFICIENCY. SPECIFICALLY DURING 2022, THE ORGANIZATION HELD EVENTS TO BRING AWARENESS TO THE NEEDS IN MARGINALIZED AREAS IN THE BIRMINGHAM, ALABAMA AREA. AN AREA IDENTIFIED MEETING THESE NEEDS WAS THE CITY OF FAIRFIELD, ALABAMA. THE ORGANIZATION PROVIDED ASSISTANCE THROUGH FINANCIAL SUPPORT, VOLUNTEERS, EXPERTISE, AND SERVICES TO THE CITY THROUGH URBAN HOPE COMMUNITY CHURCH AND URBAN HOPE DEVELOPEMENT. THE ORGANIZATION ALSO SUPPORTED OTHER 501(C)(3) ORGANIZIZATIONS PROVIDING VEHICLE SUPPORT AND COMMUNITY GROCERY SUPPORT MINISTRIES AIDING THE MATERIALLY POOR AND MARGINALIZED IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Mixon Chairman/president | OfficerTrustee | 10 | $0 |
Beth Drennen Director | Trustee | 10 | $1,500 |
James Lloyd Secretary | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,552 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,085,301 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,122,853 |
| 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 | -$27,908 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,071,834 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $266,950 |
| 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 | $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 | $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 | $3,538 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,640 |
| All other expenses | $7,058 |
| Total functional expenses | $382,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $703,753 |
| 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 | $33,000 |
| 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 | $296,567 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,033,320 |
| 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 | $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 | $1,033,320 |
| Total liabilities and net assets/fund balances | $1,033,320 |
Grants Awarded
Over the last fiscal year, Clerestory Inc has awarded $95,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
URBAN HOPE COMMUNITY CHURCH PURPOSE: COMMUNITY SUPPORT | $55,000 |
HARVEST COMMUNITY CHARITIES PURPOSE: COMMUNITY SUPPORT | $30,000 |
FIRST FRUITS MINISTRIES PURPOSE: COMMUNITY SUPPORT | $10,000 |