Civic Intelligence

Vessel Christian Foundation Inc.

990 • Fiscal year 2014 • EIN 32-0061088

Jan 01, 2014 to Dec 31, 2014 • Filed on May 13, 2015

PO Box 5435Grand Forks, ND 58206

(701) 746-8321

Siviq Scores

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

Liabilities / Assets

88th percentile

0.00x

Higher debt load relative to assets than 88% of similar nonprofits.

2014 filings • NTEE T20 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

86th percentile

0.00x

Higher debt load relative to revenue than 86% of similar nonprofits.

2014 filings • NTEE T20 • $1M-$5M nonprofits • Source year 2014

Net Margin

82nd percentile

73%

Higher net margin than 82% of similar nonprofits.

2014 filings • NTEE T20 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

97th percentile

$53,640

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2014 filings • NTEE T20 • $1M-$5M nonprofits • Source year 2014

Asset Growth

96th percentile

106%

Faster asset growth than 96% of similar nonprofits.

2014 filings • NTEE T20 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

87th percentile

172%

Faster revenue growth than 87% of similar nonprofits.

2014 filings • NTEE T20 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$1,723,696

Up $885,368 (+106%) from 2013

Net Assets

Up

$1,722,058

Up $885,374 (+106%) from 2013

Liabilities

Down

$1,638

Down $6 (-0.4%) from 2013

Revenue

Up

$1,212,486

Up $767,105 (+172%) from 2013

Expenses

Down

$330,924

Down $138,072 (-29%) from 2013

Net Income

Up

$881,562

Up $905,177 (+3833%) from 2013

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $852,574Liabilities 2012: $3,917Net Assets 2012: $848,6572012Assets 2013: $838,328Liabilities 2013: $1,644Net Assets 2013: $836,6842013Assets 2014: $1,723,696Liabilities 2014: $1,638Net Assets 2014: $1,722,0582014Assets 2015: $809,555Liabilities 2015: $0Net Assets 2015: $809,5552015Assets 2016: $890,999Liabilities 2016: $0Net Assets 2016: $890,9992016Assets 2017: $839,266Liabilities 2017: $0Net Assets 2017: $839,2662017Assets 2018: $816,065Liabilities 2018: $0Net Assets 2018: $816,0652018Assets 2019: $795,109Liabilities 2019: $0Net Assets 2019: $795,1092019Assets 2020: $773,568Liabilities 2020: $0Net Assets 2020: $773,5682020Assets 2021: $751,886Liabilities 2021: $0Net Assets 2021: $751,8862021Assets 2022: $730,685Liabilities 2022: $0Net Assets 2022: $730,6852022Assets 2023: $494,036Liabilities 2023: $0Net Assets 2023: $494,0362023Assets 2024: $481,243Liabilities 2024: $0Net Assets 2024: $481,2432024

Highlighted filing

2014

Assets$1,723,696
Liabilities$1,638
Net Assets$1,722,058

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2012: $501,2132012Revenue 2013: $445,381Expenses 2013: $468,996Net Income 2013: -$23,6152013Revenue 2014: $1,212,486Expenses 2014: $330,924Net Income 2014: $881,5622014Revenue 2015: $205,729Expenses 2015: $1,118,232Net Income 2015: -$912,5032015Revenue 2016: $98,820Expenses 2016: $17,376Net Income 2016: $81,4442016Revenue 2017: $15,342Expenses 2017: $67,074Net Income 2017: -$51,7322017Revenue 2018: $0Expenses 2018: $23,201Net Income 2018: -$23,2012018Revenue 2019: $25Expenses 2019: $20,981Net Income 2019: -$20,9562019Revenue 2020: $0Expenses 2020: $21,541Net Income 2020: -$21,5412020Revenue 2021: $0Expenses 2021: $21,682Net Income 2021: -$21,6822021Revenue 2022: $0Expenses 2022: $21,201Net Income 2022: -$21,2012022Revenue 2023: $45,545Expenses 2023: $282,194Net Income 2023: -$236,6492023Revenue 2024: $178Expenses 2024: $12,971Net Income 2024: -$12,7932024

Highlighted filing

2014

Revenue$1,212,486
Expenses$330,924
Net Income$881,562
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 13, 2015
Return Version
2014v5.0
Gross Receipts
$1,255,947
Mission and Program Overview

Mission

Promote traditional christian values

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$602,997-
Cash and Non-Interest-Bearing Accounts$322,614$597,452▲ $274,838
Investments in Publicly Traded Securities$515,714$523,247▲ $7,533
Total Assets$838,328$1,723,696▲ $885,368
Liabilities
Accounts Payable and Accrued Expenses$1,644$1,638▼ $6
Total Liabilities$1,644$1,638▼ $6
Net Assets / Fund Balance
Temporarily Rstr Net Assets$777,581$1,410,636▲ $633,055
Permanently Rstr Net Assets$185,145$382,507▲ $197,362
Unrestricted Net Assets$-126,042$-71,085▲ $54,957
Total Net Assets Fund Balance$836,684$1,722,058▲ $885,374
Total Liabilities and Net Assets / Fund Balance$838,328$1,723,696▲ $885,368

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$469,497$9,729$479,226
Land$133,500-$133,500

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$185,145$201,009▼ $147-$382,507
2013$99,462$95,000▲ $11-$185,145
2012$51,824$47,638--$99,462
2011$12,700$39,124--$51,824
2010$12,700---$12,700
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michelle WaltersExecutive DirectorFT$53,640$53,640

Board Members and Trustees

NameTitle
Charlie VeinChairman
Arlyce GibbsSecretary
Scott HulstTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,221,286
Program Service Revenue
$0
Investment Income
$6,813
Other Revenue
$-15,613
All Other Contributions
$1,221,286
Change in Net Assets
$881,562
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$238,495
Salaries, Compensation, and Employee Benefits$57,743
Total Fundraising Expense$38,993
Other Expenses$34,686
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$153,384--$153,384
Foreign Grants$84,111--$84,111
Current Officers, Directors, Trustees, and Key Employees$16,092$5,364$32,184$53,640
Depreciation Depletion$9,729$0$0$9,729
Fees for Services Other$0$5,270$0$5,270
Fees for Service Investment Mgmnt Fees$4,262$0$0$4,262
Payroll Taxes$1,231$410$2,462$4,103
All Other Expenses$3,903$0$0$3,903
Advertising$0$0$3,427$3,427
Fees for Services Accounting$0$3,210$0$3,210
Travel$385$128$770$1,283
Fees for Services Legal$0$1,258$0$1,258
Grants to Domestic Individuals$1,000--$1,000
Office Expenses$728$0$0$728
Other Expenses$354$0$0$354
Total Functional Expenses$276,266$15,665$38,993$330,924
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Youth With a MissionGrandview, MO-Missionary Support$40,000
Riverside Christian SchoolEast Grand Forks, MN-General Operating$24,235
Faith Evangelical Free ChurchGrand Forks, ND-General Operating$12,000
Northlands Rescue MissionGrand Forks, ND-General Operating$10,252
Fellowship of Christian AthletesKansas City, MO-General Operating$10,200
Stable Days Youth RanchEast Grand Forks, MN-General Operating$9,000
Apartment LifeEuless, TX-General Operating$5,500

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Vessel Foundation Inc
EIN
32-0061088
Phone
7017468321
Address
PO BOX 5435, GRAND FORKS, ND 58206

Signing Officer

Name
Scott Hulst
Title
Treasurer
Phone
7017468321
Signed
2015-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charlie Vein
Formed
2006
Legal Domicile
Nd
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
0

Preparer

Firm
Overmoe & Nelson Ltd
Address
200 1ST AVE N STE 20, GRAND FORKS, ND 58203
Preparer
Lowell B Nelson
Phone
7017460437
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Organization's officers review before filing

Pt VI, Line 19

Available on-site during regular business hours

Pt VI, Line 15A

Review of regional compensation statistics

Form 990, Part IX, Line 24F

Miscellaneous 770. 770. 0. 0. Ministry 3133. 3133. 0. 0.

Financial Statement Notes

Pt V, Line 4

EDUCATIONAL AND HOMELESS

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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt015677
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01798
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0672
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt031954
IRS990ScheduleA/InvestmentIncomeCYPct00.00940
IRS990ScheduleA/InvestmentIncomePYPct00.01150
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt042
IRS990ScheduleA/OtherIncome509Grp/TotalAmt042
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.58470
IRS990ScheduleA/PublicSupportPY509Pct00.72150
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt01977614
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0890500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt090000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0150000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0122000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0120000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01372500
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01221286
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0438388
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0398306
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01007063
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0285071
IRS990ScheduleA/Total509Grp/TotalAmt03350114
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03382110
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0469497
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09729
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0479226
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt02500
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0185145
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0201009
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0382507
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt01000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-147
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt09328
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt099462
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt095000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0185145
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt011
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt051824
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt047638
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt099462
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt012700
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt039124
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt051824
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt012700
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt012700
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsContriAmt0899832
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt0912686
IRS990ScheduleD/DonorAdvisedFundsHeldCnt018
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0724567
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0133500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0133500
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EDUCATIONAL AND HOMELESS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V, Line 4
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0602997
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt064300
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt114150
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt25661
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0CASH
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1CASH
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt2CASH
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0SUPPORT FARMING
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1SEE PART V
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2SEE PART V
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Central America
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1Sub-Saharan Africa
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt2Sub-Saharan Africa
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0PART II,LINE 2D - SUPPORTS COUNSELING FOR VICTIMS OF GENOCIDE
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1PART II,LINE 3D - SUPPORTS KARAMOJA TRIBES IN NEED OF FOOD, WATER AND EDUCATION
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1Other
IRS990ScheduleF/Total501c3OrgCnt03
IRS990ScheduleF/TotalOtherOrgCnt00
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt010200
IRS990ScheduleI/RecipientTable/CashGrantAmt124235
IRS990ScheduleI/RecipientTable/CashGrantAmt240000
IRS990ScheduleI/RecipientTable/CashGrantAmt310252
IRS990ScheduleI/RecipientTable/CashGrantAmt45500
IRS990ScheduleI/RecipientTable/CashGrantAmt512000
IRS990ScheduleI/RecipientTable/CashGrantAmt69000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL OPERATING
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GENERAL OPERATING
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2MISSIONARY SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3GENERAL OPERATING
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4GENERAL OPERATING
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5GENERAL OPERATING
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6GENERAL OPERATING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FELLOWSHIP OF CHRISTIAN ATHLETES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1RIVERSIDE CHRISTIAN SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2YOUTH WITH A MISSION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3NORTHLANDS RESCUE MISSION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4APARTMENT LIFE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5FAITH EVANGELICAL FREE CHURCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6STABLE DAYS YOUTH RANCH
IRS990ScheduleI/RecipientTable/RecipientEIN0440610626
IRS990ScheduleI/RecipientTable/RecipientEIN1450369330
IRS990ScheduleI/RecipientTable/RecipientEIN2450251562
IRS990ScheduleI/RecipientTable/RecipientEIN3752868621
IRS990ScheduleI/RecipientTable/RecipientEIN4275101840
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt08701 LEEDS ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1610 2ND AVE NE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2LOCAL
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3420 DIVISION AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4610 S INDUSTRIAL BLVD SUITE 170
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt51400 24TH AVE S
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt617721 429TH AVENUE SW
IRS990ScheduleI/RecipientTable/USAddress/CityNm0KANSAS CITY
IRS990ScheduleI/RecipientTable/USAddress/CityNm1EAST GRAND FORKS
IRS990ScheduleI/RecipientTable/USAddress/CityNm2GRANDVIEW
IRS990ScheduleI/RecipientTable/USAddress/CityNm3GRAND FORKS
IRS990ScheduleI/RecipientTable/USAddress/CityNm4EULESS

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