Civic Intelligence

Verbum Spei Inc

990 • Fiscal year 2024 • EIN 83-4572856

Jan 01, 2024 to Dec 31, 2024 • Filed on Feb 14, 2025

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

33rd percentile

0.00x

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.00x

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

89th percentile

47%

Higher net margin than 89% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

86th percentile

43%

Faster asset growth than 86% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

30%

Faster revenue growth than 73% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$660,307

Up $197,500 (+43%) from 2023

Net Assets

Up

$660,307

Up $197,500 (+43%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Up

$422,191

Up $96,295 (+30%) from 2023

Expenses

Up

$224,691

Up $43,053 (+24%) from 2023

Net Income

Up

$197,500

Up $53,242 (+37%) from 2023

Historical Trend

Balance Sheet Trend

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

2024

Assets$660,307
Liabilities$0
Net Assets$660,307

Operations Trend

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

2024

Revenue$422,191
Expenses$224,691
Net Income$197,500
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 14, 2025
Return Version
2024v5.0
Gross Receipts
$422,191
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$462,807$660,307▲ $197,500
Total Assets$462,807$660,307▲ $197,500
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$462,807$660,307▲ $197,500
Total Net Assets Fund Balance$462,807$660,307▲ $197,500
Total Liabilities and Net Assets / Fund Balance$462,807$660,307▲ $197,500
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dominic FaurePresident
Roger BattSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$401,986
Program Service Revenue
$0
Investment Income
$20,205
Other Revenue
$0
All Other Contributions
$401,986
Change in Net Assets
$197,500
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$224,691
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$68,863--$68,863
All Other Expenses$27,170--$27,170
Fees for Services Other$25,610--$25,610
Insurance$14,024--$14,024
Other Expenses$10,185--$10,185
Occupancy$8,937--$8,937
Office Expenses$5,389--$5,389
Total Functional Expenses$224,691$0$0$224,691
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
2025-02-14

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 921 0 0 education and religious 24,689 0 0 total 25,610 0 0

Form 990, Part IX, Line 24E

Household 8,355 0 0 medical 6,771 0 0 library 4,617 0 0 formation 3,405 0 0 sacristy 2,082 0 0 study 1,078 0 0 misc 548 0 0 internet 279 0 0 gift 35 0 0 total 27,170 0 0

Raw XML Appendix243 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/ExplanationTxt3FEES 921 0 0 EDUCATION AND RELIGIOUS 24,689 0 0 TOTAL 25,610 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4HOUSEHOLD 8,355 0 0 MEDICAL 6,771 0 0 LIBRARY 4,617 0 0 FORMATION 3,405 0 0 SACRISTY 2,082 0 0 STUDY 1,078 0 0 MISC 548 0 0 INTERNET 279 0 0 GIFT 35 0 0 TOTAL 27,170 0 0
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