Vere Institute Inc

Nonprofit profile at a glance

EIN
472064711
IRS 990-EZ coverage
2015–2020
Forms available
Form 990-EZ 2020
Location
Jacksonville Beach, FL, USA
Phone
6177552584
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Professional Societies, Associations
Affiliation
Christianity

Reported finances

Revenue
$11,986
Expenses
$6,555
Assets
$8,193

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • CHRISTOPHER S LAKE (PRESIDENT/EX)

People named in this filing

  • CHRISTOPHER S LAKE (PRESIDENT/EX)
  • LAURA E LAKE (CLERK)
  • CATHY BUSH (TREASURER)

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 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The vere institute seeks to envision, equip, encourage and empower christians to see their lives as meaningful and live as fruitful whole-life disciples on their daily frontlines in the world, wherever they find themselves.

What it reported doing in 2020

The vere institute was organized to envision, equip, encourage and empower christians to see their lives as meaningful and to live as fruitful whole- life disciples on their daily frontlines in the world, wherever they find themselves.

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 total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 82
  • Sustainability: 59
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 54.7%; rating input score 55
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 45.3%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 1.25; rating input score 41; 41st 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: -19.5% per year; rating input score 0; 24th percentile among comparable filings
  • Revenue growth: -20% per year; rating input score 0; 20th percentile among comparable filings
  • Asset growth: -9.5% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 54.7% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $7K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2015 to 2020
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Financial Efficiency: Mission deployment rate scored 55/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.