FAITH DRIVEN MOVEMENTS

EIN: 454312671 Community Improvement

RALEIGH, NC

Total Revenue
$4,000,006
Total Expenses
$4,007,034
Total Assets
$132,726
Net Assets
$27,803
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NC
Principal Officer
JUSTIN FORMAN
Phone
9197432552
Tax Period
2023-01-01 to 2023-12-31

FAITH DRIVEN MOVEMENTS, founded in 2012, is a community nonprofit in the Community Improvement sector that reported $4.0M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

TO DEVELOP CONTENT AND FACILITATE COMMUNITY TO MOBILIZE ENTREPRENEURS AND INVESTORS TO USE THEIR TIME, TALENTS, AND RESOURCES IN THE MARKETPLACE.

Program Service Accomplishments

Program 1
Expenses: $1,432,827

COMMUNITY: WE PROVIDE MULTIPLE DISCIPLESHIP AND MENTORSHIP OPPORTUNITIES FOR ENTREPRENEURS AND INVESTORS TO FIND COMMUNITY BOTH LOCALLY AND GLOBALLY, IN-PERSON AND ONLINE. IT STARTS WITH A FOUNDATION...

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COMMUNITY: WE PROVIDE MULTIPLE DISCIPLESHIP AND MENTORSHIP OPPORTUNITIES FOR ENTREPRENEURS AND INVESTORS TO FIND COMMUNITY BOTH LOCALLY AND GLOBALLY, IN-PERSON AND ONLINE. IT STARTS WITH A FOUNDATION COURSE OF 6-8 WEEKS TO GET STARTED ON THEIR JOURNEY. AFTER COMPLETION THEY HAVE THE OPPORTUNITY TO CONTINUE MEETING FOR YEARS TO COME WITH OTHER ENTREPRENEURS AND INVESTORS. WE ALSO OFFER A WEEKLY PRAYER MEETING AND ONLINE VIRTUAL EVENTS.

Program 2
Expenses: $1,262,554 Revenue: $101,802

CONTENT: FAITH DRIVEN MOVEMENTS IS A MINISTRY ABOUT DISCIPLING ENTREPRENEURS AND INVESTORS TO MAKE A DIFFERENCE AND IMPACT THE LIVES OF THEIR TEAMS AND THEIR COMMUNITIES. WE CREATE PODCASTS AND BLOG...

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CONTENT: FAITH DRIVEN MOVEMENTS IS A MINISTRY ABOUT DISCIPLING ENTREPRENEURS AND INVESTORS TO MAKE A DIFFERENCE AND IMPACT THE LIVES OF THEIR TEAMS AND THEIR COMMUNITIES. WE CREATE PODCASTS AND BLOG POSTS THAT HIGHLIGHT THE VOICES OF LEADERS AROUND THE WORLD. WE ALSO HAVE AN EVER-INCREASING LIBRARY OF VIDEO SERIES THAT DISCIPLE LEADERS BOTH INDIVIDUALLY AND IN GROUP SETTINGS. ACCOMPANYING MOST OF THESE SERIES ARE PUBLISHED BOOKS AND PARTICIPANT GUIDES.

Program 3
Expenses: $813,258

CONNECTIONS: AS WE ENCOURAGE AND DISCIPLE LEADERS THROUGH CONTENT AND COMMUNITY, WE ALSO WANT TO CONNECT THEM TO THE NETWORK OF 150 OTHER MINISTRIES THAT CAN HELP THEM ON THEIR JOURNEY. THIS NETWORK...

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CONNECTIONS: AS WE ENCOURAGE AND DISCIPLE LEADERS THROUGH CONTENT AND COMMUNITY, WE ALSO WANT TO CONNECT THEM TO THE NETWORK OF 150 OTHER MINISTRIES THAT CAN HELP THEM ON THEIR JOURNEY. THIS NETWORK INCLUDES CAPACITY BUILDERS, OTHER CEO NETWORKING GROUPS, CONFERENCES, AND SCHOOLS. WE ALSO PROVIDE A VIRTUAL PLATFORM FOR ENTREPRENEURS SEEKING CAPITAL TO CONNECT WITH LIKE-MINDED INVESTORS, PARTICULARLY IN EMERGING ECONOMIES.

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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 $3,898,000
Program Service Revenue $97,939
Investment Income $204
Other Revenue $3,863
TOTAL REVENUE $4,000,006

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,438,213
Fundraising Expenses $0
Program Expenses $3,508,639
Other Expenses $1,568,821
TOTAL EXPENSES $4,007,034

Year-over-Year Comparison

2023 2022 Change
Revenue $4,000,006 $4,573,349 -0.1%
Expenses $4,007,034 $3,595,185 +0.1%
Net Income $-7,028 $978,164 -1.0%
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
3
Independent Members
2
Employees
26
Volunteers
911

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
1
$240,659
Total Directors
3
$240,659
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUSTIN FORMAN EXECUTIVE DIRECTOR/BOARD M 40.00
Officer Director
$231,750 $8,909 $240,659
HENRY KAESTNER BOARD MEMBER 30.00
Director
$0 $0 $0
LUKAS M ROUSH BOARD MEMBER 1.00
Director
$0 $0 $0
KALEN HOLDEN AMBASSADOR OF THE MOVEMENT 40.00
Highest
$137,050 $0 $137,050
SUE ALICE SAUTHOFF VICE PRESIDENT OF COMMUNITY 40.00
Highest
$129,292 $2,328 $131,620
KATHERINE TROUT BRAYNARD DIRECTOR OF PARTNERSHIPS 40.00
Highest
$116,942 $11,800 $128,742
RICHARD CUNNINGHAM DIRECTOR OF PARTNERSHIPS FOR ENTREPRENEURS 40.00
Highest
$110,500 $3,841 $114,341
JUSTIN LOWE SENIOR VIDEO PRODUCER 40.00
Highest
$106,739 $7,556 $114,295
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 No data No data No data No data
2023 $4,000,006 $4,007,034 $132,726 $-7,028
2022 $4,573,349 $3,595,185 $135,779 $978,164
2021 $1,665,726 $2,610,643 $57,977 $-944,917
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