Civic Intelligence

Gospel Underground

990 • Fiscal year 2024 • EIN 81-1527354

Sep 01, 2023 to Aug 31, 2024 • Filed on Nov 04, 2024

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

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

73rd percentile

20%

Higher net margin than 73% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

99th percentile

$126,222

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 55.2% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

76th percentile

26%

Faster asset growth than 76% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

43%

Faster revenue growth than 81% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$219,644

Up $41,908 (+24%) from 2022

Net Assets

Up

$219,644

Up $41,908 (+24%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$228,636

Up $70,054 (+44%) from 2022

Expenses

Up

$183,980

Up $29,998 (+19%) from 2022

Net Income

Up

$44,656

Up $40,056 (+871%) from 2022

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 2022: $177,736Liabilities 2022: $0Net Assets 2022: $177,7362022Assets 2024: $219,644Liabilities 2024: $0Net Assets 2024: $219,6442024Assets 2025: $229,102Liabilities 2025: $0Net Assets 2025: $229,1022025

Highlighted filing

2024

Assets$219,644
Liabilities$0
Net Assets$219,644

Operations Trend

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

$300K$200K$100K$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 2022: $158,582Expenses 2022: $153,982Net Income 2022: $4,6002022Revenue 2024: $228,636Expenses 2024: $183,980Net Income 2024: $44,6562024Revenue 2025: $196,940Expenses 2025: $187,482Net Income 2025: $9,4582025

Highlighted filing

2024

Revenue$228,636
Expenses$183,980
Net Income$44,656
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Nov 4, 2024
Return Version
2023v5.1
Gross Receipts
$228,636
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$174,988$219,644▲ $44,656
Savings and Temporary Cash Investments$104,998$173,151▲ $68,153
Cash and Non-Interest-Bearing Accounts$69,990$46,493▼ $23,497
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$174,988$219,644▲ $44,656
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$174,988$219,644▲ $44,656
Total Liabilities and Net Assets / Fund Balance$174,988$219,644▲ $44,656
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Reid S MonaghanPresidentFT$59,613$66,609$126,222

Board Members and Trustees

NameTitle
Gregg AllisonSecretary
Manoj ThomasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$220,485
Program Service Revenue
$0
Investment Income
$8,151
Other Revenue
$0
All Other Contributions
$220,485
Change in Net Assets
$44,656
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$126,222
Other Expenses$57,758
Total Fundraising Expense$9,199
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$107,289$12,622$6,311$126,222
Travel$16,357$1,925$962$19,244
All Other Expenses$11,808$1,389$696$13,893
Other Expenses$3,176$373$187$3,736
Advertising$1,654$195$97$1,946
Fees for Services Accounting$1,250$147$74$1,471
Fees for Services Other$1,114$131$65$1,310
Office Expenses$923$109$54$1,086
Total Functional Expenses$156,383$18,398$9,199$183,980
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-
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
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, Section B, Line 11B

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, Section C, Line 19

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
2024-11-04
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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IRS990/Desc0Our annual reports are published publicly each year and available online at:https://www.gospelunderground.org/annual-reports Highlights from this fiscal year:Written, designed and published church planter residency program for Harbor Network.Provided curriculum for churches to train their members in leadership and theology Spoke at a men's retreat for Del Ray Baptist Church, marriage events for Emergence Church NJ and The Fellowship of Christian Athletes in Virginia. Trained around sixty church leaders in Little Rock to understand and teach the Old Testament Book of Joshua to disciples.Coached multiple pastors in their leadership and pastoral ministry.Reid spoke at four universities and a college retreat in New England.Reid saw great attendance at wrestling team Bible studies and community building cookouts with the men.Baptized seven guys from the wrestling team.
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0174988
IRS990/TotalAssetsEOYAmt0219644
IRS990/TotalAssetsGrp/BOYAmt0174988
IRS990/TotalAssetsGrp/EOYAmt0219644
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0220485
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt09199
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018398
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0156383
IRS990/TotalFunctionalExpensesGrp/TotalAmt0183980
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0174988
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0219644
IRS990/TotalOtherCompensationAmt066609
IRS990/TotalProgramServiceExpensesAmt0156383
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt059613
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08151
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0228636
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0174988
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0219644
IRS990/TravelGrp/FundraisingAmt0962
IRS990/TravelGrp/ManagementAndGeneralAmt01925
IRS990/TravelGrp/ProgramServicesAmt016357
IRS990/TravelGrp/TotalAmt019244
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/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Reid S Monaghan
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Gospel Underground
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/IRSResponsiblePrtyInfoCurrInd0true
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/ReturnTs02024-11-04T13:39:24-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-09-01
ReturnHeader/TaxPeriodEndDt02024-08-31
ReturnHeader/TaxYr02023

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