Faith Driven Movements Nc
Nonprofit profile at a glance
- EIN
- 454312671
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Charlotte, NC, USA
- Phone
- 9197432552
- Rating
- 53
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $5,007,400
- Expenses
- $4,922,518
- Assets
- $351,996
- Liabilities
- $196,950
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- JUSTIN FORMAN (EXECUTIVE DIRECTOR/BOARD M)
Highest reported compensation
- JUSTIN FORMAN (EXECUTIVE DIRECTOR/BOARD M): $314,353 total reported compensation
- BEN MCLENNAN (REGIONAL DIRECTOR OF COMMUNITY, WEST COAST): $169,480 total reported compensation
- ERIN NICHOLS (DIRECTOR OF OPERATIONS AND COMMUNICATIONS): $142,817 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To develop content and facilitate community to mobilize entrepreneurs and investors to use their time, talents, and resources in the marketplace.
What it reported doing in 2024
Content: faith driven movements is a ministry about discipling entrepreneurs and investors to make a difference and impact the lives of their teams and their communities. We create podcasts and blog posts that highlight the voices of leaders around the world. We also have an ever-increasing library of video series that disciple leaders both individually and in group settings. Accompanying most of these series are published books and participant guides.
Operating model
- Revenue model
- Affiliate-supported. 96% of the money available for current operations came from contributions from related organizations.
- 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
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 43
- Transparency & Controls: 65
- Accountability: 53
- Sustainability: 23
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 48.4%; rating input score 48
- Program expense ratio: 49.2%; rating input score 49
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 33
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 1.7%; rating input score 40; 40th percentile among comparable filings
- Total-asset coverage ratio: 0.07; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: 0.56; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 19.7%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 27.1% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: 35.3% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: 11.9% per year; rating input score 100; 65th percentile among comparable filings
Details
- Where the money goes: 48.4% of revenue deployed · 49.2% of spending went to programs
- Governance: 2 of 3 board members independent · 3 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $2.4M in reported program spending
- Leadership: top reported pay $314K · 8 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $148K reported
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 8 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 48/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Financial Efficiency: Program expense ratio scored 49/100.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- Moderate — Sustainability: Operating margin scored 40/100.
- High — Sustainability: Officer compensation ratio scored 13/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.