THE MISSION COLLECTIVE INC

EIN: 202383515 501(c)(3) Human Services

CHARLESTON, SC

Total Revenue
$12,752
Total Expenses
$2,750
Total Assets
$82,903
Net Assets
$82,903
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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
FL
Principal Officer
PAUL SORENSEN
Phone
2039217833
Tax Period
2025-01-01 to 2025-12-31

THE MISSION COLLECTIVE INC, founded in 2005, is a micro nonprofit in the Human Services sector that reported $13K in total revenue in fiscal year 2025. Revenue fell 76% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $10K, a strong 78% operating margin.

Mission

THE MISSION COLLECTIVE WAS LAUNCHED IN 2014 TO PLANT HUBS OF MISSIONS FOR NORTH AMERICA. TO ACCOMPLISH THIS OBJECTIVE, WE HAVE ESTABLISHED SHARE-USE OPEN CONCEPT, COLLABORATIVE FACILITIES WHICH ALLOW COMMUNITY LEADERS OF FAITH AND BUSINESS TO COMMUNE AROUND COMMON INTERETS AND INITIATVES TO INSPIRE AND CREATE GOOD WORKS TO BETTER SERVE OUR CITIES. BEGINNING IN CHARLESTON, THESE CITY CENTRIC HUBS WILL BE UTILIZED FOR THREE DISTICT PURPOSES. 1. COWORKING SPACE WE INTEND TO SECURE STRATEGICALLY LOCATED OPEN-OFFICE WORKSPACES THAT CAN BE USED THROUGHOUT THE DAY FOR BUSINESS AND NONPROFIT LEADERS THAT WE DISCERN ARE HAVING A POSITIVE IMPACT ON THEIR CITIES. THESE FACILITIES WILL BE FLEXIBLE, MULTIDIMENSIONAL, HYBRID WORKSPACES THAT WILL SERVE AS INCUBATORS FOR LEADERS AND FOSTER INTELLECTUAL, SERVICE AND NETWORK CONTRIBUTIONS FOR BUSINESS AND NONPROFIT ENDEAVORS. ON A PRACTICAL LEVEL, THESE BUSINESS AND NONPROFIT PARTICIPANTS WILL PAY MEMBERSHIP FEES, WHICH WILL HELP OFFSET THE COSTS OF THE

Program Service Accomplishments

Program 1
Expenses: $2,750

IN 2014,THE MISSION COLLECTIVE LAUNCHED THE DANIEL ISLAND FELLOWSHIP, A NEW CHURCH IN AN URBAN DEVELOPMENT AREA OF CHARLESTON. AFTER A YEAR OF BUILDING RELATIONSHIPS IN NEIGHBORHOODS AND THE CITY...

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IN 2014,THE MISSION COLLECTIVE LAUNCHED THE DANIEL ISLAND FELLOWSHIP, A NEW CHURCH IN AN URBAN DEVELOPMENT AREA OF CHARLESTON. AFTER A YEAR OF BUILDING RELATIONSHIPS IN NEIGHBORHOODS AND THE CITY THROUGH VARIOUS MEANS (E.G. OUTDOOR SERVICES, HOME GATHERINGS, PRAYER EVENTS AND INTENTIONAL DAYS OF MISSION), THE DANIEL ISLAND FELLOWSHIP OFFICIALLY LAUNCHED ON SEPTEMBER 13, 2015, WITH GREAT EXCITEMENT. A MELTING POT OF INDIVIDUALS AND FAMILIES ORIGINALLY FROM NEW YORK CITY, BOSTON, CHICAGO, LOS ANGELES AND THE CAROLINAS, THE DANIEL ISLAND FELLOWSHIP NOW HAS 555+ REGULAR ATTENDEES.WORDS CANNOT EXPRESS THE HEALING,HOPE,AND LIFE-CHANGE WE ARE SEEING THROUGH THIS NEW COMMUNITY OF FAITH. EFFECTIVE JANUARY 1, 2020, THE DANIEL ISLAND FELLOWSHIP (RENAMED ONE FELLOWSHIP) WAS SPUN OFF INTO A SEPERATE ENTITY. THE SPIN-OFF RESULTED IN CASH, BUILDING, LAND AND OTHER ASSETS BEING GRANTED TO THE NEW ENTITY.

Program 2

THE MISSION COLLECTIVE ALSO LAUNCHED THE HOLY CITY COLLECTIVE, A COWORKING AND MEETING SPACE FOR THE COMMON GOOD OF CHARLESTON AND BEYOND. AS A COWORKING SPACE, ENTREPRENEURS AND STARTUP...

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THE MISSION COLLECTIVE ALSO LAUNCHED THE HOLY CITY COLLECTIVE, A COWORKING AND MEETING SPACE FOR THE COMMON GOOD OF CHARLESTON AND BEYOND. AS A COWORKING SPACE, ENTREPRENEURS AND STARTUP ORGANIZATIONS ARE ABLE TO FOSTER INTELLECTUAL, SERVICE AND NETWORKING CONTRIBUTIONS FOR CHARLESTON AND OTHER CITIES THROUGH THIS COOPERATIVE WORKSPACE. BECAUSE OF ITS EARLY SUCCESS, THE HOLY CITY COLLECTIVE IS QUICKLY BECOMING KNOWN AS AN INCUBATOR FOR GOOD, EVEN BEING ASKED TO PARTICIPATE IN CITY AND REGIONAL DISCUSSIONS TO HELP DEVELOP AND ATTRACT YOUNG LEADERS FOR CHARLESTON'S TECH AND MANUFACTURING SECTORS. TO DATE THE COLLECTIVE HAS SERVED 170+ ORGANIZATIONS, MORE THAN ONE THIRD OF WHICH ARE NONPROFIT ORGANIZATIONS.

Program 3

THROUGH THE MEETING SPACE ELEMENT OF THE HOLY CITY COLLECTIVE, THE MISSION COLLECTIVE HAS CREATED A PLATFORM FOR NONPROFIT ORGANIZATIONS IN CHARLESTON AND BEYOND TO GAIN EXPOSURE FOR THEIR DISTINCT...

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THROUGH THE MEETING SPACE ELEMENT OF THE HOLY CITY COLLECTIVE, THE MISSION COLLECTIVE HAS CREATED A PLATFORM FOR NONPROFIT ORGANIZATIONS IN CHARLESTON AND BEYOND TO GAIN EXPOSURE FOR THEIR DISTINCT MISSIONS. TO DATE MANY NONPROFIT ORGANIZATIONS HAVE BEEN SERVED IN THIS COLLABORATIVE MANNER. FROM THE DREAM CENTER CLINIC OF CHARLESTON, WHICH PROVIDES FREE MEDICAL CARE TO INDIVIDUALS 200% AT OR BELOW THE NATIONAL POVERTY LINE, TO LIFE RESOURCES, WHICH PROVIDES FAITH-BASED COUNSELING AND EDUCATION TO KIDS AND FAMILIES STRUGGLING WITH ADDICTION, DIVORCE AND MORE, TO YOUNG LIFE OF CHARLESTON, WHICH SEEKS TO HELP CHARLESTON TEENS DISCOVER AND EXPLORE THE CHRISTIAN FAITH, WE ARE PROUD TO SERVE AND CATALYZE THESE ORGANIZATIONS THROUGH OUR CITYCENTRIC HUB OF MISSION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $12,750
Program Service Revenue $0
Investment Income $2
Other Revenue $0
TOTAL REVENUE $12,752

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,750
Other Expenses $2,750
TOTAL EXPENSES $2,750

Year-over-Year Comparison

2025 2024 Change
Revenue $12,752 $53,461 -0.8%
Expenses $2,750 $53,456 -0.9%
Net Income $10,002 $5 +1999.4%
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
7
Employees
N/A
Volunteers
7

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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL BANKS DIRECTOR 1.00
Director
$0 $0 $0
BRIAN HARDIN DIRECTOR 1.00
Director
$0 $0 $0
RICK LYONS DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL MCNICH DIRECTOR 1.00
Director
$0 $0 $0
AARON PENNELL DIRECTOR 1.00
Director
$0 $0 $0
PAUL SORENSEN CEO AND PRES 1.00
Officer Director
$0 $0 $0
JASON STUCK TREASURER 1.00
Officer 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
2025 $12,752 $2,750 $82,903 $10,002
2024 No data No data No data No data
2023 $56,602 $57,638 $72,896 $-1,036
2022 $82,668 $83,677 $73,932 $-1,009
2021 $40,935 $41,839 $74,941 $-904
2020 $42,471 $30,744 $75,845 $11,727
2019 $966,320 $859,221 $1,592,547 $107,099
2018 $946,777 $827,330 $1,407,337 $119,447
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