7 Billion Reasons Inc
- Assets
- $508.4k
- Revenue
- $204.8k
- Investments
- $20.0k
- Employees
- 0
- Location
- Cary, NC
- Founding
- 01/2014
- Data as of
- 12/2021
- EIN
- 46-0985976
Organization Overview
7 Billion Reasons Inc is located in Cary, NC. The organization was established in 2014. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 7 Billion Reasons 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 12/2021, 7 Billion Reasons Inc generated $204.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $145.5k during the year ending 12/2021. 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
7 BILLION REASONS IS A GLOBAL ORGANIZATION WHOSE MISSION IS TO GO AND SHARE THE LOVE OF JESUS CHRIST BY MEETING SPIRITUAL, EDUCATIONAL, AND PHYSICAL NEEDS IN IMPOVERISHED COMMUNITIES THROUGHOUT THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
7 BILLION REASONS PROVIDES FOR AND RUNS GLOBAL LEADERSHIP SCHOOL, A PRIMARY SCHOOL IN BUSIA, UGANDA. ALONG WITH THE EXCELLENT ACADEMICS, WE PROVIDE THE STUDENTS AND STAFF WITH 2 MEALS A DAY, SUPPLIES AND MEDICAL CARE AS NEEDED. IN ADDITION, 7 BILLION REASONS WORKS TO TRAIN PASTORS IN UGANDA THROUGH CONFERENCES, UNIVERSITY TRAINING, AS WELL AS BOOKS, COMPUTERS AND INTERNET CONNECTIONS AS NEEDED. DURING 2021, 7 BILLION REASONS ALSO PROVIDED FOR FAMILIES IN BUSIA WHO WERE STRUGGLING DUE TO THE ECONOMIC IMPACTS OF COVID-19 BY SUPPLYING FOOD CARE PACKAGES AS WELL AS COMPLETING SERVICE PROJECTS INCLUDING BUILDING A HOME, LATRINE AND OTHER REPAIRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Kanode President | OfficerTrustee | 8 | $0 |
Christine Wertz Vice President | OfficerTrustee | 2 | $0 |
Lori Kanode Treasurer | OfficerTrustee | 8 | $0 |
Kathleen Harwood Board Member | Trustee | 1 | $0 |
Michael Harwood Board Member | Trustee | 1 | $0 |
Keith Schomburg Board Member | Trustee | 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 | $187,553 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,553 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,642 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,558 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $204,755 |
| 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 | $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 | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11 |
| Office expenses | $2,529 |
| Information technology | $328 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,188 |
| 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 | $7,631 |
| Insurance | $854 |
| All other expenses | $0 |
| Total functional expenses | $145,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,084 |
| 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 | $1,950 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $310,331 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $20,002 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $508,367 |
| 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 | $508,367 |
| 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 | $508,367 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that 7 Billion Reasons Inc has recieved totaling $27,070.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $14,884 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $11,700 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $236 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Operation Blessing International Relief & Development Corp Virginia Beach, VA | $46,516,514 | $96,480,836 |
Blumont Global Development Inc Arlington, VA | $10,315,810 | $52,380,007 |
Rise Against Hunger Raleigh, NC | $11,336,568 | $47,200,303 |
Mana Nutritive Aid Products Inc Matthews, NC | $67,621,644 | $74,041,127 |
Christian Relief Services Charities Inc Alexandria, VA | $4,032,952 | $38,457,221 |
Christian Relief Services Charities Inc Alexandria, VA | $1,058,086 | $23,184,836 |
Blumont International Inc Arlington, VA | $12,865,572 | $19,569,982 |
Gleaning For The World Inc Concord, VA | $12,160,365 | $11,390,037 |
Coptic Orphans Support Association Merrifield, VA | $53,399,454 | $18,274,988 |
Kids Alive International Inc Alpharetta, GA | $13,632,036 | $14,142,637 |
Nascent Solutions Inc Alexandria, VA | $4,533,019 | $10,643,568 |
Amigos For Christ Buford, GA | $4,217,846 | $8,607,219 |