2024-10-30T10:59:34-05:00 2023-12-31 810696595 DEMOSS ACCT & BOOKKEEPING SVCS PLLC 2101 CHESTNUT STREET 101B CHATTANOOGA TN 37408 990 2023-01-01 923797441 100 FOLD 100F 5123274171 10412 CHINA SPRING PMB 1008 STE F WACO TX 76708 BEN PEAYS CHIEF OPERATING OFFICER 5123274171 2024-10-30 1 0 X ARDEN Z OGLESBY P01058634 4235519700 2024-10-30 2023 2024-10-15 13:58:12Z X X BEN PEAYS 1803 YAUPON VALLEY ROAD WEST LAKE HILLS TX 78746 725000 0 X WWW.100FOLDGIVING.ORG X 2023 TX 100 FOLD PLANS ON CONSULTING AND EDUCATING INDIVIDUALS AND BUSINESS ON WISE STEWARDSHIP AND FAITHFUL GIVING. THIS ACTIVITY WILL BE CONDUCTED REMOTELY AS WELL AS IN PERSON DEPENDENT UPON NECESSITY. 4 4 3 0 0 0 725000 0 0 0 725000 0 0 378901 0 38689 160616 539517 185483 185483 0 185483 X 100 FOLD PLANS ON CONSULTING AND EDUCATING INDIVIDUALS AND BUSINESS ON WISE STEWARDSHIP AND FAITHFUL GIVING. THIS ACTIVITY WILL BE CONDUCTED REMOTELY AS WELL AS IN PERSON DEPENDENT UPON NECESSITY. 0 0 368343 * DIRECT IMPACT: THROUGH ITS MANAGED FUNDS, 100FOLD PROVIDED SUPPORT TO VARIOUS INITIATIVES, INCLUDING CHURCH PLANTING EFFORTS AND GREAT COMMISSION EFFORTS, BENEFITING INDIVIDUALS DIRECTLY.* DONOR ENGAGEMENT: IN ITS FIRST YEAR, 100FOLD PARTNERED WITH HIGH-NET-WORTH FAMILIES, HELPING THEM SCALE THEIR GIVING THROUGH BLENDED STRATEGIES AND HANDS-ON MANAGEMENT.* COMMUNITY OUTREACH: COLLABORATING WITH FAITH-BASED NETWORKS, THE ORGANIZATION INDIRECTLY REACHED A NUMBER OF INDIVIDUALS AND COMMUNITIES, EXPANDING THE REACH OF ITS MISSION.CONCLUSIONIN 2023, 100FOLD LAID THE FOUNDATION FOR TRANSFORMING PHILANTHROPY BY COMBINING INNOVATIVE FUND STRATEGIES WITH A COLLABORATIVE, RESULTS-ORIENTED APPROACH. BY FOCUSING ON MEASURABLE OUTCOMES, STORYTELLING, AND STRATEGIC PARTNERSHIPS, THE ORGANIZATION IS POSITIONED TO DELIVER EVEN GREATER IMPACT IN THE YEARS AHEAD, EMPOWERING DONORS TO MAKE A LASTING DIFFERENCE FOR KINGDOM WORK. 368343 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 3 1 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 TX X DEMOSS ACCT & BOOKKEEPING SVCS PLLC 4235519700 2101 CHESTNUT STREET SUITE 101B CHATTANOOGA TN 37408 DARYL HEALD EXECUTIVE DIRECTOR 40.00 X 107500 0 14220 JEFFREY LATTURE BOARD CHAIR 0.77 X 0 0 0 ROY JONES BOARD SECRETARY/TREASURER 0.77 X 0 0 0 MICHAEL RADLER BOARD MEMBER 0.77 X 0 0 0 107500 0 14220 2 0 0 0 0 725000 725000 725000 0 0 0 X 107500 75250 21500 10750 207388 145171 41477 20740 42486 29741 8497 4248 21527 15069 4305 2153 67463 26979 40484 2124 2124 8172 5586 1788 798 8050 8050 8845 8845 64295 62497 1798 1652 1652 BANK FEES 15 15 539517 368343 132485 38689 185483 0 185483 0 0 X 0 185483 0 0 0 0 0 185483 0 185483 185483 0 X 0 0 0 X 750000 750000 750000 750000 750000 750000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 DARYL HEALD EXECUTIVE DIRECTOR 107500 0 0 0 0 0 0 0 14220 0 121720 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE BOARD IS NOT LARGE ENOUGH FOR THE USE OF COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE MADE AVAILABLE TO THE ORGANIZATION PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C I. PURPOSE THE PURPOSE OF THIS CONFLICT OF INTEREST POLICY IS TO PROTECT THE INTERESTS OF 100FOLD WHEN ENTERING INTO ANY ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTERESTS OF AN INDIVIDUAL INVOLVED WITH THE ORGANIZATION. THIS POLICY IS INTENDED TO ENSURE 100FOLD OPERATES TRANSPARENTLY, ETHICALLY, AND IN COMPLIANCE WITH APPLICABLE LAWS. II. DEFINITION OF CONFLICT OF INTEREST A CONFLICT OF INTEREST ARISES WHEN A PERSON IN A POSITION OF AUTHORITY AT 100FOLD, SUCH AS A DIRECTOR, OFFICER, OR EMPLOYEE, HAS A PERSONAL, FINANCIAL, OR OTHER INTEREST THAT MAY AFFECT THEIR ABILITY TO ACT IN THE BEST INTEREST OF THE ORGANIZATION. III. DUTY TO DISCLOSE A. ANY INDIVIDUAL WITH A POTENTIAL CONFLICT OF INTEREST MUST DISCLOSE THE NATURE OF THE CONFLICT TO THE BOARD OF DIRECTORS. B. THE DISCLOSURE MUST BE MADE PROMPTLY AND IN WRITING TO THE BOARD OR A DESIGNATED COMPLIANCE OFFICER. IV. PROCEDURES FOR ADDRESSING A CONFLICT OF INTEREST A. THE INDIVIDUAL WITH THE CONFLICT SHALL NOT PARTICIPATE IN OR BE PRESENT DURING DISCUSSIONS OR DECISIONS REGARDING THE MATTER. B. THE BOARD OF DIRECTORS WILL DETERMINE IF A CONFLICT OF INTEREST EXISTS AND, IF SO, WHAT ACTION IS NECESSARY TO ADDRESS IT. C. IF A CONFLICT IS IDENTIFIED, ALTERNATIVE ARRANGEMENTS WILL BE PURSUED TO AVOID THE APPEARANCE OF IMPROPER INFLUENCE. V. RECORDS OF PROCEEDINGS A. THE MINUTES OF THE BOARD MEETING SHALL DOCUMENT: A. THE NATURE OF THE CONFLICT DISCLOSED. B. THE DISCUSSION AND DECISION-MAKING PROCESS, INCLUDING ANY ALTERNATIVES CONSIDERED. C. THE FINAL DETERMINATION AND ACTIONS TAKEN TO ADDRESS THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 IN DETERMINING THE COMPENSATION FOR THE EXECUTIVE DIRECTOR, 100FOLD FOLLOWED A STRUCTURED AND OBJECTIVE PROCESS TO ENSURE ALIGNMENT WITH FAIR MARKET PRACTICES AND COMPLIANCE WITH IRS GUIDELINES. OUR METHODOLOGY INCLUDED: 1. COMPARABLE MARKET DATA - WE COLLECTED AND ANALYZED COMPENSATION DATA FROM SIMILAR NONPROFIT ORGANIZATIONS OF COMPARABLE SIZE, MISSION, AND GEOGRAPHIC LOCATION. - SOURCES INCLUDED NONPROFIT SALARY SURVEYS, PUBLICLY AVAILABLE FORM 990S OF PEER ORGANIZATIONS, AND INDUSTRY BENCHMARKS. 2. COMPENSATION COMMITTEE REVIEW - A COMPENSATION COMMITTEE, INDEPENDENT FROM THE EXECUTIVE DIRECTOR, REVIEWED THE DATA TO ENSURE ACCURACY AND RELEVANCE. - THE COMMITTEE ALSO TOOK INTO CONSIDERATION THE EXECUTIVE DIRECTOR'S QUALIFICATIONS, RESPONSIBILITIES, AND EXPERIENCE. 3. PERFORMANCE AND ORGANIZATION SIZE - THE EXECUTIVE DIRECTOR'S COMPENSATION WAS SET TO REFLECT THE SCOPE OF RESPONSIBILITIES, ORGANIZATIONAL GOALS, AND PERFORMANCE EXPECTATIONS. - CONSIDERATION WAS GIVEN TO 100FOLD'S INITIAL YEAR OBJECTIVES AND GROWTH TRAJECTORY, RECOGNIZING THE STRATEGIC LEADERSHIP REQUIRED TO LAUNCH AND SCALE OPERATIONS. 4. BOARD APPROVAL - THE COMPENSATION PACKAGE WAS FORMALLY APPROVED BY THE BOARD OF DIRECTORS TO ENSURE TRANSPARENCY AND COMPLIANCE WITH GOVERNANCE STANDARDS. - ANY BOARD MEMBERS WITH CONFLICTS OF INTEREST WERE EXCLUDED FROM THE DECISION-MAKING PROCESS. THIS APPROACH ENSURED THAT THE EXECUTIVE DIRECTOR'S COMPENSATION IS BOTH COMPETITIVE AND ALIGNED WITH 100FOLD'S MISSION, WHILE REMAINING IN COMPLIANCE WITH IRS STANDARDS FOR REASONABLE EXECUTIVE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION WHEN REQUESTED FROM THE CHIEF OPERATING OFFICER OR OTHER BOARD MEMBERS. FORM 990, PART IX, LINE 11G PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 5,586. MANAGEMENT AND GENERAL EXPENSES 1,788. FUNDRAISING EXPENSES 798. TOTAL EXPENSES 8,172.