CLUB1040 Inc
Nonprofit profile at a glance
- EIN
- 200432845
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Broken Arrow, OK, USA
- Phone
- 9182510608
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Christianity
- Affiliation
- Christianity
Reported finances
- Revenue
- $1,457,606
- Expenses
- $1,257,193
- Assets
- $1,423,667
- Liabilities
- $2,516
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Matthew Beemer (President)
- Julie Beemer (Vice President)
Highest reported compensation
- Matthew Beemer (President): $111,900 total reported compensation
- Julie Beemer (Vice President): $41,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
CLUB1040 is a relational missionary movement reaching the unreached. This happens three ways:1 TRAIN indigenous church planters & leaders who will start hundreds of churches and dozens of Bible College's throughout all 22 MENA nations by 2030.2 MOBILIZE 100+ near culture missionaries to the MENA region by 2030.3 INSPIRE the church to make this generation the one that reaches every unreached nation.
What it reported doing in 2024
Lebanon: Advancing the Gospel Amid War and Crisis84 students enrolled from 14 churches since Oct 2023 launch81% of pledged scholarships received; remainder fulfilled monthly74 students on track to graduate Oct 2025 despite warTraining critical in a nation of ~3,000 evangelicalEgypt: Expansion and Restoration of TrainingNew directors and teams installedBible college training expanded to 2 sitesRe-engagement program launched for unfinished studentsFirst graduation in several years heldStudent graduation numbers set to double next yearConfidential U.S. summit hosted for key leaders79 registered, 70 attendedShared RHEMA MENA progress and strategyLeaders united in prayer, partnership, and strategic synergyOngoing group traveling into key nations for alliancesSecurity-Sensitive Country: Preparing for Permanent Presence4 visits made by 3 teams in 2024Plans for permanent team deployment in early 2026Prayer-led strategies shaping teams and missionsGO! Missions Curriculum: Equipping the Next GenerationLaunched 4-lesson missions curriculum for childrenLessons: Go, Power, Connect, SendIncludes slides, videos, group material, take-home pagesDigital format for global distributionDesigned for churches, home schoolers, centers, and librariesConclusion2024 marked by growth, expansion, and preparationFrom Lebanon and Egypt to security-sensitive nations and children's discipleshipCLUB1040 continues raising leaders, planting colleges, and mobilizing missionaries across MENA
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 50
- Accountability: 76
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73.7%; rating input score 74
- Program expense ratio: 85%; rating input score 85
- Fundraising efficiency: $22.64 raised per $1 spent on fundraising; rating input score 62; 62nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 85.7%; rating input score 86; 20th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 13.7%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 1.13; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 78; 78th percentile among comparable filings
- Officer compensation ratio: 12.2%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: 14.2% per year; rating input score 100; 73rd percentile among comparable filings
- Revenue growth: 15.2% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: 24.4% per year; rating input score 100; 87th percentile among comparable filings
Details
- Where the money goes: 73.7% of revenue deployed · 85% of spending went to programs
- Governance: 6 of 7 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.1M in reported program spending
- Leadership: top reported pay $112K · 7 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 4 filed schedules · includes foreign activity
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.