Village Heartbeat
- Assets
- $2.0m
- Revenue
- $440.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Colorado Springs, CO
- Founding
- 02/1999
- Data as of
- 12/2022
- EIN
- 84-1477837
Organization Overview
Village Heartbeat is located in Colorado Springs, CO. The organization was established in 1999. According to its NTEE Classification (X90) the organization is classified as: Interfaith Coalitions, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Village Heartbeat employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village Heartbeat 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 12/2022, Village Heartbeat generated $440.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $358.0k during the year ending 12/2022. While expenses have increased by 6.8% 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
DEVELOPMENT OF VILLAGE LEADERS BY PROVIDING LOCAL CHURCH AND TRIBAL LEADERS ACCESS TO EDUCATIONAL OPPORTUNITIES AND MATERIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPED VILLAGE AND TRIBAL LEADERS & PROVIDED NEEDED FUNDS AND LABOR TO VILLAGES TO HELP THEM TO SURVIVE & PROSPER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Cutts President/ceo | 50 | $102,836 | |
Amy Mrerdith Secretary | OfficerTrustee | 1 | $0 |
David Lowry Board Member | 1 | $0 | |
Greg Probst Board Member | 1 | $0 | |
Amy Meredith Secretary/treasurer | 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 | $256,862 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $256,862 |
| Total Program Service Revenue | $0 |
| Investment income | $107,441 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $75,839 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $440,142 |
| 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. | $102,836 |
| Compensation of current officers, directors, key employees. | $8,227 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,247 |
| Pension plan accruals and contributions | $8,002 |
| Other employee benefits | $0 |
| Payroll taxes | $13,164 |
| Fees for services: Management | $20,300 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,585 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,997 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $43,236 |
| 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 | $880 |
| Insurance | $1,332 |
| All other expenses | $0 |
| Total functional expenses | $357,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,822 |
| Savings and temporary cash investments | $6,928 |
| 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 | $278 |
| Investments—publicly traded securities | $1,933,186 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,034,214 |
| Accounts payable and accrued expenses | $297 |
| 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 | $297 |
| Net assets without donor restrictions | $2,030,417 |
| Net assets with donor restrictions | $3,500 |
| 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 | $2,034,214 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Village Heartbeat has recieved totaling $21,141.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $15,141 |
Sandell Ministries Inc Avondale Estates, GA PURPOSE: Missions support | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interfaith Community Services Tucson, AZ | $10,175,352 | $12,042,260 |
International Christian Association Inc Bartlesville, OK | $1,529,543 | $4,210,131 |
Humankind Ministries Wichita Inc Wichita, KS | $9,168,860 | $4,081,252 |
Family Promise-Greater Phoenix Scottsdale, AZ | $5,154,498 | $3,658,944 |
Servants Of Christ International Inc Milliken, CO | $299,538 | $1,812,190 |
Interfaith Alliance Of Colorado Denver, CO | $1,272,970 | $1,460,100 |
The Tri-Faith Initiative Of Omaha Nebraska Omaha, NE | $9,794,726 | $1,521,687 |
Ministries Of Jesus Inc Edmond, OK | $10,769,757 | $1,500,148 |
Laramie Interfaith Laramie, WY | $1,671,178 | $1,599,129 |
Coalition For Radical Life Extension Scottsdale, AZ | $60,571 | $410,641 |
Christ Center Grand Junction, CO | $1,957,998 | $682,765 |
Oklahoma Conference For Community And Justice Inc Tulsa, OK | $1,873,677 | $607,381 |