Colere Network Inc
Nonprofit profile at a glance
- EIN
- 812147240
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990 2020, Form 990-EZ 2024, Form 990-N 2022
- Location
- Stokesdale, NC, USA
- Phone
- 7045823821
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Christianity
- Affiliation
- Christianity
Reported finances
- Revenue
- $17,091
- Expenses
- $20,631
- Assets
- $0
- Liabilities
- $20
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- JAMES FOSTER (PRESIDENT)
People named in this filing
- JAMES FOSTER (PRESIDENT)
- WILLIAM PETERSON (TREASURER)
- JASON BENEDICT (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Colere network is a nonprofit organization dedicated to church planting, leadership development, and community transformation. Our mission is to equip and empower pastors, church planters, and ministry leaders through training, coaching, and resources that foster spiritual growth and organizational health. We provide strategic guidance, leadership development programs, and support networks to help churches thrive in their local contexts. Through conferences, mentorship initiatives, and digital resources, we aim to strengthen leaders and cultivate vibrant, mission- driven faith communities.
What it reported doing in 2024
During 2024, we trained 4 new pastors and successfully transitioned 2 of them to local churches.
Operating model
- Revenue model
- Donor-supported. 100% 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 the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 82
- Sustainability: 18
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.8%; rating input score 75
- Program expense ratio: 62%; rating input score 62
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -20.7%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 12.7% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: -33.2% per year; rating input score 0; 9th percentile among comparable filings
- Asset growth: -42.1% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 74.8% of revenue deployed · 62% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $13K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2019 to 2024
- Contacts: How to reach this organization
- 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 — Sustainability: Operating margin scored 23/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.