Vertical Fellowship Inc
- Assets
- $137.0k
- Revenue
- $270.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Port Saint Lucie, FL
- Founding
- Data as of
- 12/2023
- EIN
- 85-2180245
Organization Overview
Vertical Fellowship Inc is located in Port Saint Lucie, FL. According to its NTEE Classification (X20) the organization is classified as: Christianity, 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. Vertical Fellowship 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 12/2023, Vertical Fellowship Inc generated $270.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 44.6% each year . All expenses for the organization totaled $203.7k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS FORMED FOR THE PURPOSE OF SPREADING THE GOSPEL OF JESUS CHRIST THROUGH TEACHING EQUIPPING MUSIC CREATIVE ARTS AND MISSIONS BOTH LOCALLY AND ALL AROUND THE WORLD AND TO ACTIVELY ENGAGE IN ANY LEGAL ACTIVITY RELATED TO THIS PRIMARY PURPOSE THAT FULFILLS AT LEAST ONE OF THE PURPOSES SPECIFIED IN SECTION 501C3 OF THE INTERNAL REVENUE CODE. THE CHIEF ACTIVITY THE ORGANIZATION FACILITATES IS FOREIGN MISSIONS WITH EMPHASIS ON MUSIC AND WORSHIP AS WELL AS MUSIC TOURS IN THE USA FOR FOREIGN STUDENT GROUPS CHOIR ORCHESTRAS CHAMBER ENSEMBLES. WE ORGANIZE MUSIC EVANGELISM EVENTS CONCERTS AND FEATURE THE OVERSEAS MUSIC GROUPS TO BUILD AN AUDIENCE TO HEAR BOTH THE MUSIC PERFORMANCE AS WELL AS THE MESSAGE RELATED TO OUR CAUSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGHOUT THE YEAR WE PLAN ORGANIZE AND PRODUCE EVANGELISTIC MISSIONS THAT FEATURE TEAMS GROUPS OF SINGERS AND MUSICIANS WORK WITH CHURCHES SCHOOLS AND OTHER RELIGIOUS AND CULTURAL ORGANIZATIONS TO INVITE THEIR COMMUNITY TO SECURE AN AUDIENCE. WE THEN PRESENT BOTH THE MUSIC PRESENTATION AS WELL AS THE MESSAGE OF THE GOSPEL TO ACCOMPLISH OUR MISSION.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $60,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $210,733 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $270,733 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $270,733 |
| 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. | $63,608 |
| Compensation of current officers, directors, key employees. | $63,608 |
| 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 | $5,246 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $553 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,354 |
| Travel | $1,392 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $861 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $130,663 |
| Total functional expenses | $203,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,000 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,015 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $137,015 |
| 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 | $137,015 |
| 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 | $137,015 |