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

An inter-denominational missions foundation that exists to end spiritual poverty through the sending of short-term missionaries.

Program Service Accomplishments

Program 1
Expenses: $1,070,885

In 2022 the Above and Beyond Board of Directors determined that our Serve Local to Go global program had been impacted greatly due to the global pandemic as many other mission foundations were...

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In 2022 the Above and Beyond Board of Directors determined that our Serve Local to Go global program had been impacted greatly due to the global pandemic as many other mission foundations were experiencing. While our Serve Local to Go Global was a tremendous success which assisting 1,350 global messengers to 89 nations over the span of operations. Our local global messengers had volunteered over 20,000 hours through over 479 local organizations to receive their Above and Beyond reward. Unfortunately, a new strategy was required to fulfill our mission to serving indigenous leaders in hard-to-reach nations. The Board of Directors of Above and Beyond Missions Inc. reviewed various strategies and selected a strategy that would serve our greater mission but would also change our program of Serve Local to Go Global. The Board of Directors reviewed various strategies and selected a strategy to vet nine ministries that had indigenous leaders reaching thousands in hard-to-reach nations. From October 2022 through February 2023, the Board of Directors would select several larger mission foundations that met the financial and direction of the organization discipleship program. In February 2023, the Board of Directors decided on the selected ministries and the funding of each, to distribute the endowment fund that Above and Beyond Missions had been building on and investing since inception of our ministry in 2007. After distribution of the funds to those selected ministries, Above and Beyond discontinued operations. The NC Secretary of State certified Articles of Dissolution on December 6, 2023.

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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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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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