Above & Beyond Missions Inc

EIN: 300786624 501(c)(3)

Cornelius, NC

Total Revenue
$16,823
Total Expenses
$1,126,949
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NC
Principal Officer
Michelle Hoverson
Phone
7048977340
Tax Period
2023-01-01 to 2023-12-31

Above & Beyond Missions Inc, founded in 2013, is a micro nonprofit that reported $17K in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 6599% operating deficit.

Mission

Above and Beyond Missions Inc. was established in 2013 as an inter-denominational foundation that existed to end spiritual poverty by sending short-term missionaries to countries evidencing spiritual poverty. Since inception in 2014, Above and Beyond Missions Inc has provided over 1,350 global messengers to over 89 nations. Those messengers volunteered over 19,000 hours through 470 local organizations to receive their Above and Beyond reward. Through our funding, we accelerated the ministry of 14 indigenous leaders serving in hard-to-reach nations. In addition to funding these mission trips, Above and Beyond Missions raised $ 1,000,000 in an endowment fund designated for when there were economic downturns. Given that COVID has severely restricted our short-term missionary work, the Board of Directors were tasked with the job of reviewing other strategies to accelerate our mission of ministry to hard-to-reach and under reached nations.

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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 (2023)

Revenue Breakdown

Contributions & Grants $9,872
Program Service Revenue $0
Investment Income $6,220
Other Revenue $731
TOTAL REVENUE $16,823

Expense Breakdown

Grants Paid $1,070,885
Salaries & Benefits $49,000
Fundraising Expenses $0
Program Expenses $1,070,885
Other Expenses $7,064
TOTAL EXPENSES $1,126,949

Year-over-Year Comparison

2023 2022 Change
Revenue $16,823 $104,580 -0.8%
Expenses $1,126,949 $101,778 +10.1%
Net Income $-1,110,126 $2,802 -397.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
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
5
$49,000
Total Directors
9
$49,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michelle Hoverson Executive Dir. 24.00
Officer Director
$49,000 $0 $49,000
Gary Smith Chair & Pres. 1.00
Officer Director
$0 $0 $0
Greg Provenzano Vice Chair 0.50
Officer Director
$0 $0 $0
Rhonda Booker Secretary 0.25
Officer Director
$0 $0 $0
Albert Wong Treasurer 0.50
Officer Director
$0 $0 $0
Hannah Bell Director 0.25
Director
$0 $0 $0
Sam Dobrotka Director 0.25
Director
$0 $0 $0
Dean Burrow Director 0.25
Director
$0 $0 $0
Jason Long Director 0.25
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
2023 $16,823 $1,126,949 No data $-1,110,126
2022 $104,580 $101,778 $1,097,976 $2,802
2021 $156,627 $100,697 $1,261,878 $55,930
2020 $136,381 $92,168 $1,082,064 $44,213
2019 $269,367 $109,936 $987,959 $159,431
2018 $195,204 $64,324 $740,832 $130,880
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