SACRED PURPOSES INC

EIN: 834029546 501(c)(3) Human Services

RAPID CITY, SD

Total Revenue
$185,728
Total Expenses
$492,434
Total Assets
$486,552
Net Assets
$26,288
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
SD
Principal Officer
ERIK BRINGSWHITE
Phone
6053913175
Tax Period
2024-01-01 to 2024-12-31

SACRED PURPOSES INC, founded in 2019, is a small nonprofit in the Human Services sector that reported $257K in total revenue in fiscal year 2021. The organization ran a surplus of $108K, a strong 42% operating margin.

Mission

SEE SCH O

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $185,728
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $185,728

Expense Breakdown

Grants Paid $0
Salaries & Benefits $354,857
Fundraising Expenses $0
Program Expenses $493,206
Other Expenses $137,577
TOTAL EXPENSES $492,434

Year-over-Year Comparison

2024 2023 Change
Revenue $185,728 $431,168 -0.6%
Expenses $492,434 $409,319 +0.2%
Net Income $-306,706 $21,849 -15.0%
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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Governance

Voting Members
3
Independent Members
N/A
Employees
8
Volunteers
N/A

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
6
$277,890
Total Directors
2
$269,550
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIK BRINGSWHI V & P DIRECTOR 37
Officer Director
$144,000 $0 $144,000
MORGAN BRINGSW CEO 37
Officer Director
$125,550 $0 $125,550
ANDREW BROWN VICE PRESIDENT 2
Officer
$0 $0 $0
ALYSSA HART PRESIDENT 2
Officer
$0 $0 $0
ALICE PRKINS SECRETARY 2
Officer
$0 $0 $0
EDDIE MARTINEZ YOUTH DIRECTOR 2
Officer
$8,340 $0 $8,340
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 $185,728 $492,434 $486,552 $-306,706
2023 $431,168 $409,319 $334,494 $21,849
2022 $346,994 $216,932 $288,145 $130,062
2021 $256,550 $148,776 $158,083 $107,774
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