Acts 2035 Foundation
- Assets
- $2.1m
- Revenue
- $1.1m
- Investments
- $2.0m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- Data as of
- 12/2021
- EIN
- 84-3947202
Organization Overview
Acts 2035 Foundation is located in Greensboro, NC. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acts 2035 Foundation 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, Acts 2035 Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $241.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Acts 2035 Foundation has awarded 34 individual grants totaling $247,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVE DELIBERATION AND REVIEW OF THE FOUNDATION'S GUIDING PRINCIPLES WITH ABOLITION NC, HOPE ACADEMY, FEEDING LISA'S KIDS, TEEN CHALLENGE, AND THE GROWN UPS BENEFIT DURING 2020. THE SPECIFICS OF THESE DELIBERATIONS AND MEETINGS ARE TO ACTIVLEY VOLUNTEER TIME OF THE ORGANIZATION'S MEMBERS IN SPREADING THE GOSPEL OF JESUS CHRIST TO THE UNDERPRIVILEGED AND PARTNERING WITH SELECT ORGANIZATIONS THAT ALIGN WITH ACTS 20:35.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cecil Little President | 5 | $0 | |
Chad Hockaday Vice Preside | 5 | $0 | |
Caitlyn Stogner Secretary | 2 | $0 | |
Patricia Little Board Of Dir | 2 | $0 | |
Chelsea Hockaday Board Of Dir | 2 | $0 | |
Sean Jones Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $718,697 |
| Interest on Savings | $339 |
| Dividends & Interest | $34,984 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $385,775 |
| Capital Gain Net Income | $385,775 |
| Net ST Capital Gain | $152,429 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,139,795 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $877 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,136 |
| Contributions, gifts, grants paid | $222,000 |
| Total expenses and disbursements | $241,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $48,079 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,053,869 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Acts 2035 Foundation has awarded $222,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Jamestown, NC PURPOSE: DONATION | $20,000 |
Colorado Springs, CO PURPOSE: DONATION | $12,000 |
Greensboro, NC PURPOSE: DONATION | $10,000 |
COMPASSION INTERNATIONAL PURPOSE: DONATION | $10,000 |
MERCY SHIPS PURPOSE: DONATION | $10,000 |
HOPE FOOD CO PURPOSE: DONATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Methodist Church Methodist Publishing House Nashville, TN | $34,674,204 | $21,446,424 |
Gods World Publications Inc Asheville, NC | $5,264,725 | $11,160,512 |
Oak Spring Garden Foundation Upperville, VA | $320,424,904 | $24,563,668 |
Knoxville Leadership Foundation Knoxville, TN | $5,333,605 | $4,089,168 |
The R H Boyd Company Nashville, TN | $13,997,405 | $1,644,843 |
Arlington Catholic Herald Inc Arlington, VA | $2,675,214 | $2,744,696 |
Sword Of The Lord Foundation Murfreesboro, TN | $3,942,238 | $620,448 |
Pak7 Us Inc Greenville, SC | $134,015 | $887,145 |
Presbyterian Outlook Found Inc Richmond, VA | $657,059 | $780,760 |
Celebrating Grace Inc Macon, GA | $3,084,830 | $800,976 |
Fortify Your Faith Foundation Inc Jackson, TN | $1,806,781 | $1,011,958 |
Dth Publishing Corporation Chapel Hill, NC | $694,512 | $787,804 |