Civic Intelligence

Sacred Selections

990 • Fiscal year 2023 • EIN 20-0244936

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 25, 2024

8466 Old Charlotte PikePegram, TN 37143

(479) 831-8224

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

30th percentile

0.01x

Higher debt load relative to assets than 30% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

26th percentile

0.01x

Higher debt load relative to revenue than 26% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

30th percentile

-5.1%

Higher net margin than 30% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

42nd percentile

$20,000

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

42nd percentile

1.7%

Faster asset growth than 42% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

38th percentile

0.3%

Faster revenue growth than 38% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$3,388,282

Up $55,807 (+1.7%) from 2022

Net Assets

Up

$3,360,378

Up $27,903 (+0.8%) from 2022

Liabilities

Up

$27,904

Up $27,904 from 2022

Revenue

Up

$2,995,860

Up $10,199 (+0.3%) from 2022

Expenses

Up

$3,148,019

Up $1,456,571 (+86%) from 2022

Net Income

Down

-$152,159

Down $1,446,372 (-112%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $68,438Liabilities 2011: $02011Assets 2012: $103,095Liabilities 2012: $0Net Assets 2012: $103,0952012Assets 2013: $135,797Liabilities 2013: $0Net Assets 2013: $135,7972013Assets 2014: $132,883Liabilities 2014: $0Net Assets 2014: $132,8832014Assets 2015: $386,578Liabilities 2015: $0Net Assets 2015: $386,5782015Assets 2016: $491,489Liabilities 2016: $20,837Net Assets 2016: $470,6522016Assets 2017: $541,845Liabilities 2017: $0Net Assets 2017: $541,8452017Assets 2018: $694,377Liabilities 2018: $78Net Assets 2018: $694,2992018Assets 2019: $377,522Liabilities 2019: $4,908Net Assets 2019: $372,6142019Assets 2020: $1,051,262Liabilities 2020: $0Net Assets 2020: $1,051,2622020Assets 2021: $2,145,758Liabilities 2021: $0Net Assets 2021: $2,145,7582021Assets 2022: $3,332,475Liabilities 2022: $0Net Assets 2022: $3,332,4752022Assets 2023: $3,388,282Liabilities 2023: $27,904Net Assets 2023: $3,360,3782023Assets 2024: $4,012,180Liabilities 2024: $10,974Net Assets 2024: $4,001,2062024

Highlighted filing

2023

Assets$3,388,282
Liabilities$27,904
Net Assets$3,360,378

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $99,718Expenses 2011: $107,683Net Income 2011: -$7,9652011Revenue 2012: $224,665Expenses 2012: $190,009Net Income 2012: $34,6562012Revenue 2013: $349,758Expenses 2013: $317,056Net Income 2013: $32,7022013Revenue 2014: $463,104Expenses 2014: $466,018Net Income 2014: -$2,9142014Revenue 2015: $747,668Expenses 2015: $493,973Net Income 2015: $253,6952015Revenue 2016: $1,128,236Expenses 2016: $1,044,160Net Income 2016: $84,0762016Revenue 2017: $1,152,236Expenses 2017: $1,081,044Net Income 2017: $71,1922017Revenue 2018: $1,757,667Expenses 2018: $1,605,213Net Income 2018: $152,4542018Revenue 2019: $1,722,912Expenses 2019: $2,044,597Net Income 2019: -$321,6852019Revenue 2020: $2,283,995Expenses 2020: $1,610,255Net Income 2020: $673,7402020Revenue 2021: $2,474,312Expenses 2021: $1,237,965Net Income 2021: $1,236,3472021Revenue 2022: $2,985,661Expenses 2022: $1,691,448Net Income 2022: $1,294,2132022Revenue 2023: $2,995,860Expenses 2023: $3,148,019Net Income 2023: -$152,1592023Revenue 2024: $3,456,229Expenses 2024: $2,906,647Net Income 2024: $549,5822024

Highlighted filing

2023

Revenue$2,995,860
Expenses$3,148,019
Net Income-$152,159
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 25, 2024
Return Version
2023v5.0
Gross Receipts
$3,531,392
Mission and Program Overview

Mission

Funding christian adoption services

Sacred selections' mission is to financially assist christian couples whose hearts and homes are open to loving and raising a child in the nurture and admonition of the lord.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$983,811$1,431,784▲ $447,973
Cash and Non-Interest-Bearing Accounts$2,348,664$1,290,532▼ $1,058,132
Savings and Temporary Cash Investments-$500,000-
Pledges and Grants Receivable-$157,929-
Prepaid Expenses and Deferred Charges-$7,127-
Land, Buildings, and Equipment, Net-$910-
Total Assets$3,332,475$3,388,282▲ $55,807
Liabilities
Accounts Payable and Accrued Expenses-$27,904-
Total Liabilities$0$27,904▲ $27,904
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,348,664$1,928,594▼ $420,070
Net Assets With Donor Restrictions$983,811$1,431,784▲ $447,973
Total Net Assets Fund Balance$3,332,475$3,360,378▲ $27,903
Total Liabilities and Net Assets / Fund Balance$3,332,475$3,388,282▲ $55,807

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$910$26$936

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$983,811$341,627▲ $106,496-$1,431,784
2022$342,939$697,059▼ $56,037-$983,811
2021-$330,000▲ $12,944-$342,939
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ellen VaughnCOOFT$20,000$20,000
Tami TackerCFOFT$20,000$20,000

Board Members and Trustees

NameTitle
Marlin ChapmanChairman
Dana CarrozzaPresident
Cindy ChapmanDirector
Hayes JohnsonDirector
Joy HamiltonDirector
Kathy CoxDirector
Lisa WatermanDirector
Nathan JohnsonDirector
Rod WatermanDirector
Todd CoxDirector
Tom HamiltonDirector
David CarrozzaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Colores Adoptions LLCAdoption2656 SOUTH LOOP WEST STE 525, SUITE 201 UNIT 500, Houston, TX 77054$389,498
Selfless Love AdoptionAdopt. Consult.310 N DERBY LN UNIT 857, North Sioux City, SD 57049$158,605
Ramage LawAttorney8951 COLLIN MCKINNEY PKWY STE 1404, Mckinney, TX 75070$110,676
Thomas Fischgrund PaAttorney6800 GULFPORT BLVD SOUTH, St Petersburg, FL 33707$106,227
Revenue and Support

Revenue Composition

Contributions and Grants
$2,634,352
Program Service Revenue
$0
Investment Income
$49,849
Other Revenue
$311,659
All Other Contributions
$1,248,302
Change in Net Assets
$-152,159

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table492$165,918Fair Market Value
Other Non Cash Contri Table635$82,581Fair Market Value
Clothing and Household Goods-$51,803Fair Market Value
Other Non Cash Contri Table218$24,591Fair Market Value
Other Non Cash Contri Table4$17,329Fair Market Value
Works of Art142$16,325Fair Market Value
Food Inventory75$7,361Fair Market Value
Books and Publications-$6,132Fair Market Value
Collectibles19$1,626Fair Market Value
Total Noncash Contributions1,585$373,666-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,995,710
Revenue Not Reported on Financial Statements
$150
Revenue Not Reported on Form 990
$170,843
Total Revenue per Audited Statements
$3,166,553
Total Revenue per Form 990
$2,995,860
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,817,976
Other Expenses$286,983
Total Fundraising Expense$81,661
Salaries, Compensation, and Employee Benefits$43,060
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,817,976--$2,817,976
Fees for Services Other-$76,821-$76,821
Office Expenses-$23,046$44,556$67,602
Advertising-$51,671-$51,671
Current Officers, Directors, Trustees, and Key Employees-$40,000-$40,000
Travel-$855$31,222$32,077
Conferences and Meetings$5,200$6,324$5,883$17,407
Fees for Services Legal-$16,028-$16,028
Fees for Services Accounting-$11,850-$11,850
Other Expenses-$3,495-$3,495
Payroll Taxes-$3,060-$3,060
Insurance-$1,808-$1,808
Information Technology-$1,643-$1,643
Fees for Service Investment Mgmnt Fees-$150-$150
Depreciation Depletion-$26-$26
Total Functional Expenses$2,823,176$243,182$81,661$3,148,019

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,262,065
Total Expenses per Form 990$3,148,019
Expenses per Audited Statements$3,147,869
Expenses Not Reported on Form 990$114,196
Expenses Not Reported on Financial Statements$150
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$847,191
Fundraising Direct Expenses$535,532
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Texas Hill Coun$367,681$118,300$435$117,865
North Dallas$237,943$98,921$1,605$97,316
Total Events$2,233,241$847,191$535,532$311,659
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Dana carrozza david carrozza president cfo/coo wife/husband kathy cox todd cox director director wife/husband hayes johnson nathan johnson director secretary wife/husband lisa waterman rod waterman director director wife/husband cindy chapman marlin chapman director director wife/husband joy hamilton thomas hamilton director director wife/husband

Form 990, Page 6, Part VI, Line 11B

Upon receipt, form 990 is sent to all members of the board of directors. All board members acknowledge receipt and review via online signature. After all board members have reviewed and responded, form 990 will be filed.

Form 990, Page 6, Part VI, Line 12C

The board of directors regularly discloses any conflicts of interests that arise during the course of board decisions and votes. The possible conflict is revieewed by the chairman of the board and other board members, excluding the key person, and the conflict is resolved with a ruling of action or no action to be taken. The conflict of interest policy is reviewed annually.

Form 990, Page 6, Part VI, Line 15A

The hr handbook outlines the organization's compensation process under the review of the board of directors.

Form 990, Page 6, Part VI, Line 15B

The hr handbook outlines the organization's compensation process under the review of the board of directors.

Form 990, Page 6, Part VI, Line 17

Idaho, illinois, indiana, kansas, kentucky, new york, massachusetts, maryland, maine, michigan, minnesota, missouri, mississippi, montana, north carolina, north dakota, nebraska, new hampshire, new jersey, new mexico, nevada, new york, ohio, oklahoma, oregon, pennsylvania, south carolina, south dakota, texas, utah, virginia, vermont, washington, wisconsin, west virginia, wyoming, rhode island

Form 990, Page 6, Part VI, Line 19

The organization's governing documents are made available to the public upon request

Filing and Contact Details

Filer

Filer Name
Sacred Selections
EIN
20-0244936
Phone
4798318224
Address
8466 OLD CHARLOTTE PIKE, PEGRAM, TN 37143

Signing Officer

Name
Charles Caster
Title
CEO
Phone
4798318224
Signed
2024-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Caster
Formed
2004
Legal Domicile
Tn
Voting Board Members
12
Independent Board Members
12
Employees
2
Volunteers
100

Preparer

Firm
Blankenship CPA Group Pllc
Address
101 WINNERS CIRCLE, BRENTWOOD, TN 37027
Preparer
Scott a Felts CPA
Phone
6153733771
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Cash to accrual basis 123,415 in prior years, the organization presented financial statements on the cash basis of accounting, which is a comprehensive basis of accounting other than us gaap. This basis differs from us gaap in that support is recognized when paid instead of when goods and services are received. During the year ended december 31, 2023, the organization retroactively adopted the accrual basis of accounting in accordance with us gaap. The beginning balance of net assets was increased by 123,417 as a result of recognizing accrued receivables and payables during the year ended december 31, 2023.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The endowment was established to maintain the purchasing power of the current assets and all future contributions and maintain the level of support provided to sacred selections' administrative, operational, accounting, legal, and marketing programs in relation to average cost increases.

Schedule D, Page 4, Part XI, Line 2D

Special event expenses netted with revenues per 990 114,196

Schedule D, Page 4, Part XII, Line 2D

Special event expenses netted with revenues per 990 114,196

Schedule D, Page 4, Part XIII

Income taxes the organization has qualified for tax-exempt status under section 501(c) (3) of the internal revenue code and is not a private foundation. Gifts to the organization are tax-deductible. The organization follows fasb asc guidance for uncertainty in income taxes recognized in an entity's financial statements. This guidance prescribes a minimum probability threshold that a tax position must meet before a financial statement benefit is recognized. The minimum threshold is defined as a tax position that is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. The organization has not recognized any tax related interest and penalties in the accompanying financial statements. The organization is subject to routine audits by taxing jurisdictions for the periods of 2020 to the present; however, there are currently no audits for any tax periods in progress.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT WAS ESTABLISHED TO MAINTAIN THE PURCHASING POWER OF THE CURRENT ASSETS AND ALL FUTURE CONTRIBUTIONS AND MAINTAIN THE LEVEL OF SUPPORT PROVIDED TO SACRED SELECTIONS' ADMINISTRATIVE, OPERATIONAL, ACCOUNTING, LEGAL, AND MARKETING PROGRAMS IN RELATION TO AVERAGE COST INCREASES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSES NETTED WITH REVENUES PER 990 114,196
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSES NETTED WITH REVENUES PER 990 114,196
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3INCOME TAXES THE ORGANIZATION HAS QUALIFIED FOR TAX-EXEMPT STATUS UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE AND IS NOT A PRIVATE FOUNDATION. GIFTS TO THE ORGANIZATION ARE TAX-DEDUCTIBLE. THE ORGANIZATION FOLLOWS FASB ASC GUIDANCE FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THIS GUIDANCE PRESCRIBES A MINIMUM PROBABILITY THRESHOLD THAT A TAX POSITION MUST MEET BEFORE A FINANCIAL STATEMENT BENEFIT IS RECOGNIZED. THE MINIMUM THRESHOLD IS DEFINED AS A TAX POSITION THAT IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT TO BE RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ORGANIZATION HAS NOT RECOGNIZED ANY TAX RELATED INTEREST AND PENALTIES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS FOR THE PERIODS OF 2020 TO THE PRESENT; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XIII
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.01$0.01$4.00$3.46$2.91$0.55
2023Detailed filing. Detailed filing data is available for this year.$3.39$0.03$3.36$3.00$3.15$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.33$0.00$3.33$2.99$1.69$1.29
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.15$0.00$2.15$2.47$1.24$1.24
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.00$1.05$2.28$1.61$0.67
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$0.00$0.37$1.72$2.04$0.32
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.00$0.69$1.76$1.61$0.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.54$0.00$0.54$1.15$1.08$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.02$0.47$1.13$1.04$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$0.75$0.49$0.25
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.13$0.00$0.13$0.46$0.47$0.00
2013Summary only. Only limited summary data is available for this year.$0.14$0.00$0.14$0.35$0.32$0.03
2012Summary only. Only limited summary data is available for this year.$0.10$0.00$0.10$0.22$0.19$0.03
2011Summary only. Only limited summary data is available for this year.$0.07$0.00$0.10$0.11$0.01