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Stratum

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 352692988 ✦ San francisco, CA ✦ Designated as a 501(c)(3)

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Overview

What is Stratum?

Stratum is a Bay Area-focused nonprofit organization that specializes in offering innovative solutions for gospel-grounded leaders and institutions. The primary mission of Stratum is to strengthen and support the establishment of new churches in the area, reflecting its diversity in terms of geography, ethnicity, and church-planting models. To achieve this, Stratum provides financial assistance through its matching grant program. Since 2019, the organization has donated over 5 million dollars to various new churches, working in collaboration with existing donors, networks, and organizations to facilitate needed financial resources. Stratum's initiatives aim to foster a healthy gospel ecosystem in the Bay Area, promoting the growth and success of new churches.

Is Stratum legitimate?

Stratum is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stratum submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $20,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $32,876

For more financial information, click here

What is the mission statement of Stratum?

Stratum is an organization that focuses on providing innovative solutions for gospel-grounded leaders and institutions. Its mission is to strengthen and support new churches, contributing to the catalyzation and fostering of a healthy gospel ecosystem. The organization offers a Church Plant Startup Grant, which provides financial assistance to a diverse portfolio of church plants. This initiative aims to create a catalyzing opportunity for a new church to receive significant financial investment, by partnering with existing donors, networks, and organizations. Since 2019, over 5 million dollars have been donated to new churches through this matching grant program.

Who is the CEO of Stratum?

Nicholas Parsons is the President/Managing Director of Stratum.

What is the revenue of Stratum?

Stratum's revenue in 2023 was $875,098.

Who are the executives of Stratum and what are their salaries?

There 2 volunteers at Stratum.


Here are 5 key members and their salaries:


Nicholas Parsons (President/Managing Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bart Garett (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cindy Collister (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joey Chen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tania Wang-Pei (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Stratum?

Stratum's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Stratum

Stratum, a nonprofit organization, is dedicated to offering innovative solutions for gospel-grounded leaders and institutions in various sectors. Its mission is centered around supporting and strengthening new churches in the Bay Area, reflecting the region's diversity in terms of geography, ethnicity, and church-planting models. Stratum achieves this by providing financial assistance through the Church Plant Startup Grant. This initiative aims to foster a healthy gospel ecosystem in the Bay Area by contributing significant financial resources to a portfolio of new churches. Stratum collaborates with existing donors, networks, and organizations to ensure that new churches receive the necessary financial support, having donated over 5 million dollars since 2019 through this matching grant program.

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Impact




October, 2024

Stratum significantly impacts the Bay Area by fostering a vibrant and diverse gospel ecosystem through innovative financial support for new church plants. Their Church Plant Startup Grant exemplifies this commitment, offering matching grants aimed at enhancing the establishment of churches that mirror the region's rich geographic and cultural diversity.

By providing over $5 million in funding since 2019, Stratum not only strengthens individual church initiatives but also cultivates a communal atmosphere of collaboration among various donors, networks, and organizations. This collective approach ensures that crucial financial resources are directed to emerging congregations, enabling them to thrive and contribute positively to their communities. Ultimately, Stratum's work plays a vital role in nurturing gospel-centered leadership and institutions, thereby revitalizing the spiritual landscape of the Bay Area.




This information is meant to be a general summary of Stratum. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$875,098 (2023)
Expenses
$1,750,404 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $52
  • Program Service Revenue: $1,630
  • Gross Receipts: $875,098

Assets and Liabilities:

  • Total Assets: $1,024,633
  • Total Liabilities: $3,715
  • Net Assets: $1,020,918

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INCUBATOR REGISTRATION

Revenue

$1,630

Organization Details

Founding Year

2020

Principal Officer

Nicholas Parsons

Main Address

220 HALLECK SUITE 100B, SAN FRANCISCO, CA, 94129

NTEE Category

Code: X20 - Religion related

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