Civic Intelligence

Gospel Underground

990 • Fiscal year 2021 • EIN 81-1527354

Sep 01, 2020 to Aug 31, 2021 • Filed on Sep 29, 2021

125 N Main Street Suite 500 176Blacksburg, VA 24060

(732) 213-1833

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Higher debt load relative to assets than 60% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

65th percentile

20%

Higher net margin than 65% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

98th percentile

$102,018

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 55.9% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

71st percentile

27%

Faster asset growth than 71% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

49th percentile

3.1%

Faster revenue growth than 49% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$173,686

Up $70,703 (+69%) from 2019

Net Assets

Up

$173,185

Up $70,702 (+69%) from 2019

Liabilities

Up

$501

Up $1 (+0.2%) from 2019

Revenue

Up

$182,581

Up $17,460 (+11%) from 2019

Expenses

Up

$145,924

Up $3,863 (+2.7%) from 2019

Net Income

Up

$36,657

Up $13,597 (+59%) from 2019

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2017: $66,337Liabilities 2017: $250Net Assets 2017: $66,0872017Assets 2018: $79,409Liabilities 2018: $0Net Assets 2018: $79,4092018Assets 2019: $102,983Liabilities 2019: $500Net Assets 2019: $102,4832019Assets 2021: $173,686Liabilities 2021: $501Net Assets 2021: $173,1852021Assets 2022: $177,736Liabilities 2022: $0Net Assets 2022: $177,7362022Assets 2025: $229,102Liabilities 2025: $0Net Assets 2025: $229,1022025

Highlighted filing

2021

Assets$173,686
Liabilities$501
Net Assets$173,185

Operations Trend

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

$200K$150K$100K$50K$0Revenue 2017: $128,001Expenses 2017: $116,116Net Income 2017: $11,8852017Revenue 2018: $141,177Expenses 2018: $127,855Net Income 2018: $13,3222018Revenue 2019: $165,121Expenses 2019: $142,061Net Income 2019: $23,0602019Revenue 2021: $182,581Expenses 2021: $145,924Net Income 2021: $36,6572021Revenue 2022: $158,582Expenses 2022: $153,982Net Income 2022: $4,6002022Revenue 2025: $196,940Expenses 2025: $187,482Net Income 2025: $9,4582025

Highlighted filing

2021

Revenue$182,581
Expenses$145,924
Net Income$36,657
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Sep 29, 2021
Return Version
2020v4.0
Gross Receipts
$182,581
Mission and Program Overview

Mission

The purposes for which the organization is created are:1) to support and serve the local church and to coach and equip the coming generation and church leaders for faithful, missional lives2) to engage in such religious, educational, charitable, and benevolent activities as are permitted to be carried on by an exempt entity under Section 501(c)33) to accept donations and contributions, either in trust or otherwise, for all the foregoing purposes4) to do any and all other things necessary or incident to the above and foregoing purposes and powers and including all of the righs, powers and authority incident to nonprofit corporations organized under the laws of the Commonwealth of Virginia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$135,872$173,185▲ $37,313
Savings and Temporary Cash Investments$125,254$136,515▲ $11,261
Cash and Non-Interest-Bearing Accounts$11,118$37,171▲ $26,053
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$136,372$173,686▲ $37,314
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$500$500→ $0
Other Liabilities-$1-
Total Liabilities$500$501▲ $1
Net Assets / Fund Balance
Total Net Assets Fund Balance$135,872$173,185▲ $37,313
Total Liabilities and Net Assets / Fund Balance$136,372$173,686▲ $37,314
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Reid S MonaghanPresidentFT$55,000$47,018$102,018

Board Members and Trustees

NameTitle
Gregg AllisonSecretary
Manoj ThomasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$182,581
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$182,581
Change in Net Assets
$36,657
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$102,018
Other Expenses$43,906
Total Fundraising Expense$7,294
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$86,715$10,202$5,101$102,018
Travel$10,611$1,248$624$12,483
All Other Expenses$5,836$689$342$6,867
Advertising$3,735$439$220$4,394
Other Expenses$2,539$299$149$2,987
Fees for Services Legal$1,577$185$93$1,855
Fees for Services Accounting$1,109$131$65$1,305
Office Expenses$370$43$22$435
Total Functional Expenses$124,035$14,595$7,294$145,924
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
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, Part VI, Line 11B: Form 990 Review Process

The treasurer reviews the the statements with the president. A complete package of information is given to the CPA to prepare the Form 990. The director assigned to review the tax return works with the CPA during the entire tax return preparation process and dialogues all issues during the tax return preparation process. After the CPA and the assigned director agree that the return is accurate and complete, the final draft of the Form 990 is reviewed by the treasurer and president.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available upon request.

Filing and Contact Details

Filer

Filer Name
The Gospel Underground
EIN
81-1527354
Phone
7322131833
Address
125 N Main Street Suite 500 176, Blacksburg, VA 24060

Signing Officer

Name
Reid S Monaghan
Title
President
Signed
2021-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Reid S Monaghan
Formed
2016
Legal Domicile
Va
Voting Board Members
3
Independent Board Members
3
Employees
1
Volunteers
3

Preparer

Firm
Clergy Advantage
Address
2093 E 11th Street Ste 200, Loveland, CO 80537
Preparer
Chuck Trimble CPA
Phone
9706675819
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The treasurer reviews the the statements with the president. A complete package of information is given to the CPA to prepare the Form 990. The director assigned to review the tax return works with the CPA during the entire tax return preparation process and dialogues all issues during the tax return preparation process. After the CPA and the assigned director agree that the return is accurate and complete, the final draft of the Form 990 is reviewed by the treasurer and president.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0136372
IRS990/TotalAssetsEOYAmt0173686
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0182581
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07294
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014595
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0124035
IRS990/TotalFunctionalExpensesGrp/TotalAmt0145924
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0500
IRS990/TotalLiabilitiesEOYAmt0501
IRS990/TotalLiabilitiesGrp/BOYAmt0500
IRS990/TotalLiabilitiesGrp/EOYAmt0501
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0135872
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0173185
IRS990/TotalOtherCompensationAmt047018
IRS990/TotalProgramServiceExpensesAmt0124035
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt055000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0182581
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0136372
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0173686
IRS990/TravelGrp/FundraisingAmt0624
IRS990/TravelGrp/ManagementAndGeneralAmt01248
IRS990/TravelGrp/ProgramServicesAmt010611
IRS990/TravelGrp/TotalAmt012483
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0125 N Main Street Suite 500 176
IRS990/USAddress/CityNm0Blacksburg
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd024060
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Reid S Monaghan
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Gospel Underground
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0formerly known as Power of Change
ReturnHeader/Filer/BusinessNameControlTxt0GOSP
ReturnHeader/Filer/EIN0811527354
ReturnHeader/Filer/PhoneNum07322131833
ReturnHeader/Filer/USAddress/AddressLine1Txt0125 N Main Street Suite 500 176
ReturnHeader/Filer/USAddress/CityNm0Blacksburg
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd024060
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0841449484
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Clergy Advantage
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02093 E 11th Street Ste 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Loveland
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080537
ReturnHeader/PreparerPersonGrp/PhoneNum09706675819
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Chuck Trimble CPA
ReturnHeader/ReturnTs02021-09-29T14:18:59-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Reid S
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Monaghan
ReturnHeader/TaxPeriodBeginDt02020-09-01
ReturnHeader/TaxPeriodEndDt02021-08-31
ReturnHeader/TaxYr02020

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