10M Foundation

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

EIN: 873324278 ✦ Madison, MS ✦ Designated as a 501(c)(3)

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Overview

What is 10M Foundation?

The 10M Foundation is a charitable organization situated in Madison, Mississippi, with a mission to offer both financial and practical assistance. They focus on supporting and fostering the growth of local churches in the Czech Republic, as well as engaging in evangelical and discipleship efforts for the Czech Republic's citizens and residents. The foundation extends its support through funding qualified exempt organizations under Section 501(c)(3) of the Internal Revenue Code, while also covering travel expenses for employees and volunteers. Additionally, the 10M Foundation provides salaries for missionaries, demonstrating a comprehensive approach to charitable and educational outreach.


Official website here: www.10mfoundation.org

Is 10M Foundation legitimate?

10M Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 10M Foundation 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: $60,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.10mfoundation.org

What is the mission statement of 10M Foundation?

The 10M Foundation is dedicated to supporting and fostering the growth of local churches in the Czech Republic, while simultaneously working towards evangelizing and discipling the nation's citizens. This charitable organization aims to achieve its goals by offering financial assistance to qualifying organizations under Section 501(c)(3) of the Internal Revenue Code, as well as funding missionaries and covering travel expenses for employees and volunteers. The mission of the 10M Foundation is to contribute to the religious and spiritual development of the Czech Republic.


Official website here: www.10mfoundation.org

Who is the CEO of 10M Foundation?

Jiri Voborsky is the President of 10M Foundation.


Official website here: www.10mfoundation.org

What is the revenue of 10M Foundation?

10M Foundation's revenue in 2022 was $221,726.


Official website here: www.10mfoundation.org

Who are the executives of 10M Foundation and what are their salaries?

The average compensation at 10M Foundation during 2022 was $60,000. There is 1 employee and 50 volunteers at 10M Foundation.


Here are 6 key members and their salaries:


Jiri Voborsky (President)
  • Compensation: $60,000
  • Related: $0
  • Other: $0
Clint Pentecost (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Stafford (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brent Johnston (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Price (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Sharpe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.10mfoundation.org

Where can I find the form 990 for 10M Foundation?

10M Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.10mfoundation.org

Learn more at the official website: www.10mfoundation.org

Mission Statement of 10M Foundation

The 10M Foundation, with a mission that is both charitable and educational, aims to support and foster the growth of local churches within the Czech Republic. Beyond this, the organization is dedicated to evangelizing and discipling the citizens and residents of the Czech Republic. As part of its efforts, the 10M Foundation provides financial assistance, covering travel expenses for employees and volunteers, and offering salaries for missionaries. The organization's mission is to make a positive impact on the community by nurturing faith and fostering spiritual growth in the Czech Republic.

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Impact




October, 2024

10M Foundation significantly impacts communities in the Czech Republic by supporting and nurturing local churches, which serve as crucial centers for spiritual growth and community development. Through targeted programs, the foundation facilitates travel for employees and volunteers, ensuring that dedicated individuals can engage directly with communities in need. Additionally, by providing salaries for missionaries, the foundation empowers individuals to focus on evangelism and discipleship. This approach not only fosters religious growth but also strengthens the social fabric of Czech society, promoting deeper connections among residents. Overall, the 10M Foundation plays a vital role in enhancing the spiritual landscape of the Czech Republic while encouraging active participation within local communities.




This information is meant to be a general summary of 10M Foundation. 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
$221,726 (2022)
Expenses
$121,239 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $24,827
  • Gross Receipts: $221,726

Assets and Liabilities:

  • Total Assets: $100,487
  • Total Liabilities: $0
  • Net Assets: $100,487

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Programs

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

Tep Fest

Revenue

$24,827

Organization Details

Founding Year

2021

Principal Officer

Jiri Voborsky

Main Address

120 Brisage Dr, Madison, MS, 39110

NTEE Category

Code: X21 - Religion related

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