Civic Intelligence

The Channel Inc.

990 • Fiscal year 2022 • EIN 54-1726745

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 08, 2024

Organization Profilewww.thechannel.org
P O Box 804Newport News, VA 23607

(757) 244-6852

Siviq Scores

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

Liabilities / Assets

64th percentile

0.01x

Higher debt load relative to assets than 64% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

64th percentile

0.01x

Higher debt load relative to revenue than 64% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

45th percentile

2.1%

Higher net margin than 45% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

92nd percentile

$47,299

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 21.2% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

33rd percentile

-8.7%

Faster asset growth than 33% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

23rd percentile

-21%

Faster revenue growth than 23% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets64th percentile

Assets

Down

$200,146

Down $19,001 (-8.7%) from 2021

Net Assets

Down

$198,708

Down $934 (-0.5%) from 2021

Liabilities

Down

$1,438

Down $18,067 (-93%) from 2021

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin45th percentile

Revenue

Down

$222,758

Down $60,796 (-21%) from 2021

Expenses

Up

$218,036

Up $26,877 (+14%) from 2021

Net Income

Down

$4,722

Down $87,673 (-95%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$300K$200K$100K$0Assets 2011: $27,220Liabilities 2011: $0Net Assets 2011: $27,2202011Assets 2012: $42,469Liabilities 2012: $0Net Assets 2012: $42,4692012Assets 2013: $23,879Liabilities 2013: $02013Assets 2014: $62,266Liabilities 2014: $0Net Assets 2014: $62,2662014Assets 2015: $58,898Liabilities 2015: $02015Assets 2016: $69,284Liabilities 2016: $02016Assets 2017: $42,633Liabilities 2017: $02017Assets 2018: $44,680Liabilities 2018: $02018Assets 2019: $56,919Liabilities 2019: $02019Assets 2020: $127,109Liabilities 2020: $19,862Net Assets 2020: $107,2472020Assets 2021: $219,147Liabilities 2021: $19,505Net Assets 2021: $199,6422021Assets 2022: $200,146Liabilities 2022: $1,438Net Assets 2022: $198,7082022Assets 2023: $232,639Liabilities 2023: $545Net Assets 2023: $232,0942023Assets 2024: $261,803Liabilities 2024: $138Net Assets 2024: $261,6652024

Highlighted filing

2022

Assets$200,146
Liabilities$1,438
Net Assets$198,708
Open 2022 Filing

Operations Trend

Revenue Growth23rd percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $245,022Expenses 2011: $254,754Net Income 2011: -$9,7322011Revenue 2012: $216,554Expenses 2012: $201,306Net Income 2012: $15,2482012Revenue 2013: $144,750Expenses 2013: $163,340Net Income 2013: -$18,5902013Revenue 2014: $227,806Expenses 2014: $189,419Net Income 2014: $38,3872014Revenue 2015: $166,712Expenses 2015: $170,161Net Income 2015: -$3,4492015Revenue 2016: $180,568Expenses 2016: $170,183Net Income 2016: $10,3852016Revenue 2017: $152,933Expenses 2017: $180,630Net Income 2017: -$27,6972017Revenue 2018: $162,312Expenses 2018: $171,382Net Income 2018: -$9,0702018Revenue 2019: $195,507Expenses 2019: $183,235Net Income 2019: $12,2722019Revenue 2020: $222,695Expenses 2020: $172,367Net Income 2020: $50,3282020Revenue 2021: $283,554Expenses 2021: $191,159Net Income 2021: $92,3952021Revenue 2022: $222,758Expenses 2022: $218,036Net Income 2022: $4,7222022Revenue 2023: $280,042Expenses 2023: $268,394Net Income 2023: $11,6482023Revenue 2024: $282,004Expenses 2024: $272,562Net Income 2024: $9,4422024

Highlighted filing

2022

Revenue$222,758
Expenses$218,036
Net Income$4,722
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 8, 2024
Return Version
2022v5.0
Gross Receipts
$222,758
Mission and Program Overview

Mission

To provide educational services and meals to children aged 7 to 18 years, living in poverty in fortaleza brazil.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$199,642$198,708▼ $934
Savings and Temporary Cash Investments$125,412$102,423▼ $22,989
Cash and Non-Interest-Bearing Accounts$87,831$91,537▲ $3,706
Land, Buildings, and Equipment, Net$5,904$6,186▲ $282
Total Assets$219,147$200,146▼ $19,001
Liabilities
Accounts Payable and Accrued Expenses$19,505$1,438▼ $18,067
Total Liabilities$19,505$1,438▼ $18,067
Net Assets / Fund Balance
Total Net Assets Fund Balance$199,642$198,708▼ $934
Total Liabilities and Net Assets / Fund Balance$219,147$200,146▼ $19,001

Asset Categories

AssetBook ValueDepreciationBasis
Land$4,500-$4,500
Equipment$1,686-$1,686
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Marcondes MarquesChief Executive OfficerFT$47,299$47,299

Board Members and Trustees

NameTitle
Alan ClarkTrustee
Dr Ray DailTrustee
Lee LambTrustee
Merrill a NobleTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$220,911
Program Service Revenue
$0
Investment Income
$1,847
Other Revenue
$0
All Other Contributions
$207,556
Change in Net Assets
$4,722
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$113,661
Grants and Similar Amounts Paid$74,719
Other Expenses$29,656
Total Fundraising Expense$12,376
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$74,719--$74,719
Other Salaries and Wages$50,250--$50,250
Current Officers, Directors, Trustees, and Key Employees$47,299--$47,299
Other Employee Benefits$8,650--$8,650
Payroll Taxes$7,462--$7,462
Advertising--$7,174$7,174
Travel$4,391-$1,075$5,466
All Other Expenses-$1,880$2,331$4,211
Information Technology-$2,196$177$2,373
Office Expenses-$1,796-$1,796
Other Expenses-$1,781$1,549$1,781
Fees for Services Accounting-$1,150-$1,150
Insurance-$468-$468
Fees for Services Other-$85-$85
Occupancy--$70$70
Total Functional Expenses$192,771$12,889$12,376$218,036
International Activity

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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 governing body review Part VI line 11

“The board of directors review full set of financial statements and form 990 for approval.”

Conflict of interest policy compliance Part VI line 12C

“The board of directors are required to declare and modify their conflict of interest declaration on a regular basis.”

CEO executive director top management comp Part VI line 15A

“The board of directors in scheduled meetings review and submit compensation packages for the chief executive officer”

Other officer or key employee compensation Part VI line 15B

“The board of directors in scheduled meetings review and agree upon the salaries of staff employees.”

Governing documents etc available to public Part VI line 19

“Business financial reports and historical forms 990 are available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
The Channel Inc
EIN
54-1726745
Address
P O BOX 804, Newport News, VA 23607
Doing Business As
Channel to Brazil for Christ

Signing Officer

Name
Marc Marques
Title
Board Chairman
Phone
7572446852
Signed
2024-07-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marcondes Marques
Formed
1995
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
4
Employees
4
Volunteers
20

Preparer

Firm
Lawrence Mercado CPA
Address
3 LOQUAT PLACE, Hampton, VA 23666
Preparer
Larry Mercado
Phone
7578383521
Supplemental Narrative

Additional Explanations

Amended return information

“Amending balance sheet and income statement to correct books errors in assets, liabilities, revenues and expenses as previously reported after subsequent review by management and the board of directors.”

Explanation of other changes in net assets or fund balances Part XI line 9

“Net unrealized loss on investments per books.”

List of other expenses Part IX line 24E

“Membership fees non-profits 996.Unrealized loss on investments 30599.Special Event expenses 2331.”

Part X response or note to any line in Part X

“Unrealized losses on investments”

Raw XML Appendix389 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Amending balance sheet and income statement to correct books errors in assets, liabilities, revenues and expenses as previously reported after subsequent review by management and the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEW FULL SET OF FINANCIAL STATEMENTS AND FORM 990 FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ARE REQUIRED TO DECLARE AND MODIFY THEIR CONFLICT OF INTEREST DECLARATION ON A REGULAR BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS IN SCHEDULED MEETINGS REVIEW AND SUBMIT COMPENSATION PACKAGES FOR THE CHIEF EXECUTIVE OFFICER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS IN SCHEDULED MEETINGS REVIEW AND AGREE UPON THE SALARIES OF STAFF EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BUSINESS FINANCIAL REPORTS AND HISTORICAL FORMS 990 ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Net unrealized loss on investments per books.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Membership fees non-profits 996.Unrealized loss on investments 30599.Special Event expenses 2331.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Unrealized losses on investments
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Amended return information
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other expenses Part IX line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Part X response or note to any line in Part X
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ReturnHeader/BusinessOfficerGrp/PhoneNum07572446852
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE CHANNEL INC
ReturnHeader/Filer/BusinessNameControlTxt0CHAN
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ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 804
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541641363
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LAWRENCE MERCADO CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03 LOQUAT PLACE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Hampton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd023666
ReturnHeader/PreparerPersonGrp/PhoneNum07578383521
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LARRY MERCADO
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ReturnHeader/ReturnTs02024-07-08T12:54:33-04:00
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$200,146
Liabilities
$1,438
Net assets
$198,708
Revenue
$222,758
Expenses
$218,036
Net income
$4,722
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.62$0.00$2.62$2.82$2.73$0.09
2023Summary only. Only limited summary data is available for this year.$2.33$0.01$2.32$2.80$2.68$0.12
2022Detailed filing. Detailed filing data is available for this year.$2.00$0.01$1.99$2.23$2.18$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.19$0.20$2.00$2.84$1.91$0.92
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.20$1.07$2.23$1.72$0.50
2019Summary only. Only limited summary data is available for this year.$0.57$0.00$1.96$1.83$0.12
2018Summary only. Only limited summary data is available for this year.$0.45$0.00$1.62$1.71$0.09
2017Summary only. Only limited summary data is available for this year.$0.43$0.00$1.53$1.81$0.28
2016Summary only. Only limited summary data is available for this year.$0.69$0.00$1.81$1.70$0.10
2015Summary only. Only limited summary data is available for this year.$0.59$0.00$1.67$1.70$0.03
2014Summary only. Only limited summary data is available for this year.$0.62$0.00$0.62$2.28$1.89$0.38
2013Summary only. Only limited summary data is available for this year.$0.24$0.00$1.45$1.63$0.19
2012Summary only. Only limited summary data is available for this year.$0.42$0.00$0.42$2.17$2.01$0.15
2011Summary only. Only limited summary data is available for this year.$0.27$0.00$0.27$2.45$2.55$0.10