Civic Intelligence

Verbum Spei Inc

990 • Fiscal year 2023 • EIN 83-4572856

Jan 01, 2023 to Dec 31, 2023 • Filed on Jan 19, 2024

Organization ProfileN/A
804 N 9th StreetBoise, ID 83702

(208) 412-5760

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

88th percentile

44%

Higher net margin than 88% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

84th percentile

45%

Faster asset growth than 84% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

83rd percentile

60%

Faster revenue growth than 83% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$462,807

Up $144,622 (+45%) from 2022

Net Assets

Up

$462,807

Up $144,622 (+45%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin88th percentile

Revenue

Up

$325,896

Up $121,635 (+60%) from 2022

Expenses

Up

$181,638

Up $27,843 (+18%) from 2022

Net Income

Up

$144,258

Up $93,792 (+186%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

$800K$600K$400K$200K$0Assets 2020: $23,986Liabilities 2020: $0Net Assets 2020: $23,9862020Assets 2021: $252,794Liabilities 2021: $0Net Assets 2021: $252,7942021Assets 2022: $318,185Liabilities 2022: $0Net Assets 2022: $318,1852022Assets 2023: $462,807Liabilities 2023: $0Net Assets 2023: $462,8072023Assets 2024: $660,307Liabilities 2024: $0Net Assets 2024: $660,3072024Assets 2025: $713,095Liabilities 2025: $0Net Assets 2025: $713,0952025

Highlighted filing

2023

Assets$462,807
Liabilities$0
Net Assets$462,807
Open 2023 Filing

Operations Trend

Revenue Growth83rd percentile

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

$600K$400K$200K$0Revenue 2020: $85,456Expenses 2020: $61,470Net Income 2020: $23,9862020Revenue 2021: $337,628Expenses 2021: $108,820Net Income 2021: $228,8082021Revenue 2022: $204,261Expenses 2022: $153,795Net Income 2022: $50,4662022Revenue 2023: $325,896Expenses 2023: $181,638Net Income 2023: $144,2582023Revenue 2024: $422,191Expenses 2024: $224,691Net Income 2024: $197,5002024Revenue 2025: $193,377Expenses 2025: $140,589Net Income 2025: $52,7882025

Highlighted filing

2023

Revenue$325,896
Expenses$181,638
Net Income$144,258
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jan 19, 2024
Return Version
2023v4.0
Gross Receipts
$325,896
Mission and Program Overview

Mission

Purpose of the corporation is exculsively religious, charitable, or educational.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$318,185$462,807▲ $144,622
Total Assets$318,185$462,807▲ $144,622
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$318,185$462,807▲ $144,622
Total Net Assets Fund Balance$318,185$462,807▲ $144,622
Total Liabilities and Net Assets / Fund Balance$318,185$462,807▲ $144,622
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Dominic FaurePresident
Roger BattSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$315,990
Program Service Revenue
$0
Investment Income
$9,906
Other Revenue
$0
All Other Contributions
$315,990
Change in Net Assets
$144,258
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$181,638
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$70,726--$70,726
Fees for Services Other$33,205--$33,205
Insurance$7,191--$7,191
Occupancy$6,198--$6,198
Office Expenses$5,424--$5,424
Other Expenses$4,114--$4,114
Total Functional Expenses$181,638$0$0$181,638
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
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
No
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 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Verbum Spei Inc
EIN
83-4572856
Phone
2084125760
Address
804 N 9TH STREET, BOISE, ID 83702

Signing Officer

Name
Dominic Faure
Title
President
Signed
2024-01-19

Organization Details

Principal Officer
Roger Batt
Formed
2020
Voting Board Members
2
Independent Board Members
0
Employees
0

Preparer

Firm
Asumendi & Kincheloe
Address
1613 12TH AVE RD STE B, NAMPA, ID 83686-6183
Preparer
Jared Asumendi
Phone
2084676488
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Purpose of the corporation is exculsively religious, charitable, or educational.”

Form 990, Part IX, Line 11G

“Fees 864 0 0 education and religious 32,341 0 0 total 33,205 0 0”

Raw XML Appendix238 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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IRS990/GoverningBodyVotingMembersCnt02
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IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
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IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
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IRS990/LoanOutstandingInd0false
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IRS990/LocalChaptersInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990ScheduleA/ChurchInd0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FEES 864 0 0 EDUCATION AND RELIGIOUS 32,341 0 0 TOTAL 33,205 0 0
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VERBUM SPEI INC
ReturnHeader/Filer/BusinessNameControlTxt0VERB
ReturnHeader/Filer/EIN0834572856
ReturnHeader/Filer/PhoneNum02084125760
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-01-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JARED ASUMENDI
ReturnHeader/ReturnTs02024-01-24T11:47:33-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DOMINIC
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$462,807
Liabilities
$0
Net assets
$462,807
Revenue
$325,896
Expenses
$181,638
Net income
$144,258
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.13$0.00$7.13$1.93$1.41$0.53
2024Detailed filing. Detailed filing data is available for this year.$6.60$0.00$6.60$4.22$2.25$1.98
2023Detailed filing. Detailed filing data is available for this year.$4.63$0.00$4.63$3.26$1.82$1.44
2022Detailed filing. Detailed filing data is available for this year.$3.18$0.00$3.18$2.04$1.54$0.50
2021Detailed filing. Detailed filing data is available for this year.$2.53$0.00$2.53$3.38$1.09$2.29
2020Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$0.85$0.61$0.24