Faith Driven Movements
- Assets
- $135.8k
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 27
- Location
- Raleigh, NC
- Founding
- 04/2013
- Data as of
- 12/2022
- EIN
- 45-4312671
Organization Overview
Faith Driven Movements is located in Raleigh, NC. The organization was established in 2013. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Faith Driven Movements employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith Driven Movements is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Faith Driven Movements generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 53.0% each year . All expenses for the organization totaled $3.6m during the year ending 12/2022. While expenses have increased by 47.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP CONTENT AND FACILITATE COMMUNITY TO MOBILIZE ENTREPRENEURS AND INVESTORS TO USE THEIR TIME, TALENTS, AND RESOURCES IN THE MARKETPLACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTENT: FAITH DRIVEN MOVEMENTS IS A MINISTRY ABOUT DISCIPLING ENTREPRENEURS AND INVESTORS TO MAKE A DIFFERENCE AND IMPACT THE LIVES OF THEIR TEAMS AND THEIR COMMUNITIES. WE CREATE PODCASTS AND BLOG POSTS THAT HIGHLIGHT THE VOICES OF LEADERS AROUND THE WORLD. WE ALSO HAVE AN EVER-INCREASING LIBRARY OF VIDEO SERIES THAT DISCIPLE LEADERS BOTH INDIVIDUALLY AND IN GROUP SETTINGS. ACCOMPANYING MOST OF THESE SERIES ARE PUBLISHED BOOKS AND PARTICIPANT GUIDES.
CONFERENCES: EVERY YEAR, WE HOST A VIRTUAL CONFERENCE THAT WE WRITE, FILM, PRODUCE, AND STREAM TO OVER 200+ LOCAL WATCH SITES AROUND THE GLOBE AND HUNDREDS OF INDIVIDUAL ENTREPRENEURS AND INVESTORS. THE PURPOSE OF THE CONFERENCE IS TO INTRODUCE A GROWING NUMBER OF LEADERS TO THE MOVEMENT AND HELP THEM SEE THE POTENTIAL OF HOW THEY CAN MAKE A DIFFERENCE IN THEIR LOCAL COMMUNITIES.
CONNECTIONS: AS WE ENCOURAGE AND DISCIPLE LEADERS THROUGH CONTENT AND COMMUNITY, WE ALSO WANT TO CONNECT THEM TO THE NETWORK OF 150 OTHER MINISTRIES THAT CAN HELP THEM ON THEIR JOURNEY. THIS NETWORK INCLUDES CAPACITY BUILDERS, OTHER CEO NETWORKING GROUPS, CONFERENCES, AND SCHOOLS. WE ALSO PROVIDE A VIRTUAL PLATFORM FOR ENTREPRENEURS SEEKING CAPITAL TO CONNECT WITH LIKE-MINDED INVESTORS, PARTICULARLY IN EMERGING ECONOMIES.
COMMUNITY: WE PROVIDE MULTIPLE DISCIPLESHIP AND MENTORSHIP OPPORTUNITIES FOR ENTREPRENEURS AND INVESTORS TO FIND COMMUNITY BOTH LOCALLY AND GLOBALLY, IN-PERSON AND ONLINE. IT STARTS WITH A FOUNDATION COURSE OF 6-8 WEEKS TO GET STARTED ON THEIR JOURNEY. AFTER COMPLETION THEY HAVE THE OPPORTUNITY TO CONTINUE MEETING FOR YEARS TO COME WITH OTHER ENTREPRENEURS AND INVESTORS. WE ALSO OFFER A WEEKLY PRAYER MEETING AND ONLINE VIRTUAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Forman Executive Director/board Member | OfficerTrustee | 40 | $262,720 |
Henry Kaestner Board Member | Trustee | 1 | $0 |
Lukas M Roush Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reuben Coulter Research | 12/30/21 | $120,000 |
Cornerstone Technologies Internation Software And Technology Engineering Serv | 12/30/21 | $351,637 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,308,781 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $79,015 |
| Noncash contributions included in lines 1a–1f | $215 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,387,796 |
| Total Program Service Revenue | $180,790 |
| Investment income | $96 |
| 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 | $4,573,349 |
| 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. | $273,420 |
| Compensation of current officers, directors, key employees. | $49,633 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,379,406 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $87,258 |
| Payroll taxes | $127,969 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,631 |
| Fees for services: Accounting | $63,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $668,805 |
| Advertising and promotion | $306,316 |
| Office expenses | $40,351 |
| Information technology | $273,660 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $155,586 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,897 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,774 |
| Insurance | $3,974 |
| All other expenses | $0 |
| Total functional expenses | $3,595,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,086 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $369 |
| 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 | $39,619 |
| Net Land, buildings, and equipment | $25,617 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,088 |
| Total assets | $135,779 |
| Accounts payable and accrued expenses | $51,010 |
| Grants payable | $0 |
| Deferred revenue | $40,252 |
| 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 | $9,686 |
| Total liabilities | $100,948 |
| 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 | $34,831 |
| Total liabilities and net assets/fund balances | $135,779 |