Purpose Church International Inc

Nonprofit profile at a glance

EIN
275440784
IRS 990 coverage
2022–2022
Forms available
Form 990 2022
Location
Wilmington, NC, USA
Phone
9103991838
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Protestant
Affiliation
Christianity

Official website

Reported finances

Revenue
$219,564
Expenses
$205,223
Assets
$702,022
Liabilities
$564,492

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Cedrick Barrett (President)
  • Latoya Barrett (Vice President)

Highest reported compensation

  • Cedrick Barrett (President): $18,000 total reported compensation
  • Latoya Barrett (Vice President): $9,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Purpose Church seeks to foster individual and collective wellness, create a safe place of belonging that serves as a community/family for all, and help individuals find their purpose in life. Our programs and services such as free groceries to families, free gas giveaway, youth and teen mentorship, home ownership classes, mental health workshops, financial literacy workshops, vocational, and educational training, and others have served hundreds. Our recent expansion to the North Side is ideal for greater impact.

What it reported doing in 2022

*Touch a Life outreach - Meeting the physical and material needs of the community through various free giveaways and volunteer events. Such as free school supplies, free haircuts, and monetary support during the financial crisis. Also providing heaters to elderly individuals who are on a fixed income and offer free lawn maintenance. *Groceries on Purpose -Supplying families with gift cards to local grocery stores to help with food insecurity. Also, popup moments to pay for customer groceries at local grocery stores. *Christmas on Purpose - Annual event to provide families with gifts, clothing, and meals for the holidays. *Lunch on Purpose - Provided free lunch for staff of local businesses, local schools, and organizations to show appreciation for their service to the community. *Be Beautiful - Provides empowerment to women and young ladies through workshops, activities, and mentoring that builds self-esteem, confidence, and self-love. * Men of Honor - Teaches men to be better husbands, fathers, sons, etc. through healthy male bonding, mentoring, and building strong relationships. Monday Night Fire Men's Prayer Nights, ManCave Fellowship Nights. *Total Me - Focuses on the diet, health, and physical fitness through nutrition classes, healthy eating workshops, free personal training, and group excercise classes. * Healthy ME - A mental health program for millennials to remove the stigma around mental illness and teaches basic skills that improve and maintain overall personal wellness. Also provides free professional counseling for all participants. A partnership with Teachers College at Columbia University, The Ormond Center at Duke University, and Purpose Church. *Home Ownership Program - In partnership with Monarch Mortgage, educating individuals, egarding job stability, FICO score, savings, insurance, interest rates, debt management, and the entire home buying process. 8 families have successfully purchased homes to date and 10 more are on track to purchase within the next 12 months. * Financial Intelligence Training - Program designed to teach participants the fundamentals of biblical stewardship and practicing healthy financial habits. Topics include generosity, avoiding hyper-consumption, credit cards, cash flow management, debt management, different types of insurance, legacy planning, savings & retirement, and personal credit. *Edu-op - Prepares individuals to live more productive lives by fostering educational and training opportunities through G.E.D classes, cooking courses, computer literacy training, free tutoring for elementary, middle, and high school students, resume development, interview skills.job skills training, and "dress for success" workshops.

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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 51
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.5%; rating input score 93
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 18th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 6.5%; rating input score 55; 55th percentile among comparable filings
  • Total-asset coverage ratio: 3.42; rating input score 72; 72nd percentile among comparable filings
  • Liabilities to assets ratio: 0.8; rating input score 7; 7th percentile among comparable filings
  • Officer compensation ratio: 13.2%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 93.5% of revenue deployed · 100% of spending went to programs
  • Governance: 4 of 6 board members independent · 6 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $205K in reported program spending
  • Leadership: top reported pay $18K · 6 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 3 filed schedules
  • 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.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Review — Sustainability: Operating margin scored 55/100.
  • High — Sustainability: Liabilities to assets ratio scored 7/100.
  • High — Sustainability: Officer compensation ratio scored 27/100.