Generous Giving Inc
- Assets
- $3.3m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 25
- Location
- Chattanooga, TN
- Founding
- 07/2001
- Data as of
- 12/2021
- EIN
- 58-2556775
Organization Overview
Generous Giving Inc is located in Chattanooga, TN. The organization was established in 2001. According to its NTEE Classification (X19) the organization is classified as: Support N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2021, Generous Giving Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Generous Giving 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, Generous Giving Inc generated $5.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 2.4% 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
SPREAD THE BIBLICAL MESSAGE OF GENEROSITY TO GROW GENEROUS GIVERS AMONG THOSE ENTRUSTED WITH MUCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SERVE, BENEFIT, AND SUPPORT INDIVIDUALS, CHRISTIAN EVANGELICAL MINISTRIES, AND CHURCHES WITH PRODUCTS AND SERVICES RELATED TO CHRISTIAN STEWARDSHIP.EMERGING LEADERS - AMBITIOUS GENEROSITY AMONG YOUNG LEADERS, FOR THE GLORY OF GOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Bussmeir Former CEO (as Of 10/27/21) | 40 | $187,953 | |
Todd W Harper Co-Founder | Officer | 40 | $159,963 |
Peter Marra COO | Officer | 40 | $134,684 |
Ladonna Cingilli Senior Vice President | Officer | 40 | $124,259 |
Lacie Stevens Engagement Team | 40 | $108,255 | |
Donald T Campbell Engagement Team | 40 | $107,052 |
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 | $4,925,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,925,200 |
| Total Program Service Revenue | $387,440 |
| Investment income | $2,118 |
| 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 | $5,314,758 |
| 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. | $418,906 |
| Compensation of current officers, directors, key employees. | $104,727 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,185,105 |
| Pension plan accruals and contributions | $114,074 |
| Other employee benefits | $229,281 |
| Payroll taxes | $111,031 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,927 |
| Fees for services: Accounting | $11,576 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $88,950 |
| Office expenses | $41,073 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,447 |
| Travel | $99,611 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $392,167 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,278 |
| Insurance | $0 |
| All other expenses | $23,650 |
| Total functional expenses | $3,426,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,219,636 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,750 |
| 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 | $97,472 |
| Net Land, buildings, and equipment | $3,781 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,327,639 |
| Accounts payable and accrued expenses | $98,001 |
| Grants payable | $0 |
| Deferred revenue | $497,900 |
| 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 | $595,901 |
| Net assets without donor restrictions | $2,731,738 |
| 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 | $3,327,639 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Generous Giving Inc has recieved totaling $4,340,960.
| Awarding Organization | Amount |
|---|---|
Chattanooga Christian Community Foundation Chattanooga, TN PURPOSE: IN FURTHERANCE OF FOUNDATION'S PURPOSES | $2,910,200 |
M J Murdock Charitable Trust Vancouver, WA PURPOSE: PROGRAM SUPPORT | $900,000 |
Servant Foundation Overland Park, KS PURPOSE: RELIGIOUS MINISTRY | $250,850 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $247,800 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $22,110 |
Majesty Foundation Grosse Pointe, MI PURPOSE: DONATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Christian Education Association Inc Tuscaloosa, AL | $9,917,539 | $9,016,599 |
Mcmahon-Parater Scholarship Foundation Richmond, VA | $5,471,128 | $7,331,353 |
Generous Giving Inc Chattanooga, TN | $3,327,639 | $5,314,758 |
Scarritt-Bennett Center Nashville, TN | $14,856,749 | $3,569,416 |
Project Hopewell Inc Birmingham, AL | $180,057 | $1,345,080 |
Hope Force International Brentwood, TN | $877,266 | $1,952,003 |
Bland Ministry Center And Dental Clinic Bland, VA | $767,570 | $1,192,002 |
Diocesan Properties Inc Nashville, TN | $4,806,854 | $1,460,278 |
Mid America Student Housing Inc Cordova, TN | $11,551,197 | $1,103,864 |
Daniel Payne College Village Foundation Birmingham, AL | $2,471,408 | $649,124 |
Missionary Support Services Inc Monroe, NC | $382,802 | $863,129 |
Appointment Congo Raleigh, NC | $156,180 | $552,430 |