CLUB1040 Inc

EIN: 200432845 501(c)(3) Religion

Broken Arrow, OK

Total Revenue
$1,457,606
Total Expenses
$1,257,193
Total Assets
$1,423,667
Net Assets
$1,421,151
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
OK
Principal Officer
Matthew Beemer
Phone
9182510608
Tax Period
2024-01-01 to 2024-12-31

CLUB1040 Inc, founded in 2004, is a community nonprofit in the Religion sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $1.3M left a modest 14% surplus.

Mission

CLUB1040 is a relational missionary movement reaching the unreached. This happens three ways:1 TRAIN indigenous church planters & leaders who will start hundreds of churches and dozens of Bible College's throughout all 22 MENA nations by 2030.2 MOBILIZE 100+ near culture missionaries to the MENA region by 2030.3 INSPIRE the church to make this generation the one that reaches every unreached nation.

Program Service Accomplishments

Program 1
Expenses: $1,068,617

Lebanon: Advancing the Gospel Amid War and Crisis84 students enrolled from 14 churches since Oct 2023 launch81% of pledged scholarships received; remainder fulfilled monthly74 students on track to...

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Lebanon: Advancing the Gospel Amid War and Crisis84 students enrolled from 14 churches since Oct 2023 launch81% of pledged scholarships received; remainder fulfilled monthly74 students on track to graduate Oct 2025 despite warTraining critical in a nation of ~3,000 evangelicalEgypt: Expansion and Restoration of TrainingNew directors and teams installedBible college training expanded to 2 sitesRe-engagement program launched for unfinished studentsFirst graduation in several years heldStudent graduation numbers set to double next yearConfidential U.S. summit hosted for key leaders79 registered, 70 attendedShared RHEMA MENA progress and strategyLeaders united in prayer, partnership, and strategic synergyOngoing group traveling into key nations for alliancesSecurity-Sensitive Country: Preparing for Permanent Presence4 visits made by 3 teams in 2024Plans for permanent team deployment in early 2026Prayer-led strategies shaping teams and missionsGO! Missions Curriculum: Equipping the Next GenerationLaunched 4-lesson missions curriculum for childrenLessons: Go, Power, Connect, SendIncludes slides, videos, group material, take-home pagesDigital format for global distributionDesigned for churches, home schoolers, centers, and librariesConclusion2024 marked by growth, expansion, and preparationFrom Lebanon and Egypt to security-sensitive nations and children's discipleshipCLUB1040 continues raising leaders, planting colleges, and mobilizing missionaries across MENA

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,423,031
Program Service Revenue $15,720
Investment Income $18,855
Other Revenue $0
TOTAL REVENUE $1,457,606

Expense Breakdown

Grants Paid $0
Salaries & Benefits $335,240
Fundraising Expenses $62,858
Program Expenses $1,068,617
Other Expenses $921,953
TOTAL EXPENSES $1,257,193

Year-over-Year Comparison

2024 2023 Change
Revenue $1,457,606 $2,069,355 -0.3%
Expenses $1,257,193 $1,491,737 -0.2%
Net Income $200,413 $577,618 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
6
Employees
7
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$152,900
Total Directors
7
$152,900
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Matthew Beemer President 40.00
Officer Director
$30,000 $81,900 $111,900
Julie Beemer Vice President 40.00
Officer Director
$41,000 $0 $41,000
Alan Morton Treasurer 1.00
Director
$0 $0 $0
Jason Younger Secretary 1.00
Officer Director
$0 $0 $0
Terry Roberts Director 1.00
Director
$0 $0 $0
Chase Seivers Director 1.00
Director
$0 $0 $0
Jon Beemer Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,457,606 $1,257,193 $1,423,667 $200,413
2023 $2,069,355 $1,491,737 $1,300,211 $577,618
2022 $948,167 $883,799 $720,519 $64,368
2021 $1,040,532 $712,461 $657,136 $328,071
2020 $921,883 $768,991 $365,105 $152,892
2019 $561,085 $541,510 $191,081 $19,575
2018 $536,110 $380,079 $188,212 $156,031
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