Nonprofit · EIN 20-2383515
THE MISSION COLLECTIVE INC
Tax-exempt · CHARLESTON, SC 29492
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $12,752 | $2,750 | $10,002 | $82,903 | $0 | $82,903 |
| December 31, 2024 | 990 | $53,461 | $53,456 | $5 | $72,901 | $0 | $72,901 |
| December 31, 2023 | 990 | $56,602 | $57,638 | -$1,036 | $72,896 | $0 | $72,896 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $12,750
- Program service revenue
- $0
- Investment income
- $2
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $2,750
Balance sheet and other
- Total assets, start of year
- $72,901
- Total assets, end of year
- $82,903
- Total liabilities, end of year
- $0
- Net assets, end of year
- $82,903
- Net assets without donor restrictions
- $82,903
- Gross receipts
- $12,752
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2005
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL BANKS | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN HARDIN | DIRECTOR Trustee or director | 1 | $0 |
| RICK LYONS | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL MCNICH | DIRECTOR Trustee or director | 1 | $0 |
| AARON PENNELL | DIRECTOR Trustee or director | 1 | $0 |
| PAUL SORENSEN | CEO AND PRES Trustee or director, Officer | 1 | $0 |
| JASON STUCK | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL BANKS | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN HARDIN | DIRECTOR Trustee or director | 1 | $0 |
| RICK LYONS | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL MCNICH | DIRECTOR Trustee or director | 1 | $0 |
| AARON PENNELL | DIRECTOR Trustee or director | 1 | $0 |
| PAUL SORENSEN | CEO AND PRES Trustee or director, Officer | 1 | $0 |
| JASON STUCK | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL BANKS | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN HARDIN | DIRECTOR Trustee or director | 1 | $0 |
| RICK G LYONS JR | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| MICHAEL MCNICH | DIRECTOR Trustee or director | 1 | $0 |
| AARON PENNELL | DIRECTOR Trustee or director | 1 | $0 |
| PAUL SORENSEN | CEO AND PRES Trustee or director, Officer | 1 | $0 |
| JASON STUCK | TREASURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 142 SPORTSMAN ISLAND DR, CHARLESTON, SC 29492-8524
- In care of
- % PAUL SORENSEN
- Mailing address (990-N for 2014)
- 1449 WANDO VIEW ST, DANIEL ISLAND SC 29494
- Principal officer (990 for 2025)
- PAUL SORENSEN, 142 SPORTSMAN ISLAND DR, CHARLESTON, SC 29492
- Principal officer (990-N for 2014)
- PAUL SORENSEN, 1449 WANDO VIEW ST, DANIEL ISLAND SC 29494
- Signed the 990
- PAUL SORENSEN, CEO AND PRESIDENT
- Phone
- (203) 921-7833
- Website
- WWW.MISSIONCOLLECTIVE.ORG
- Return prepared by
- BUNTING TRIPP & INGLEY LLP
Mission
THE MISSION COLLECTIVE WAS LAUNCHED IN 2014 TO PLANT HUBS OF MISSIONS FOR NORTH AMERICA. TO ACCOMPLISH THIS OBJECTIVE, WE HAVE ESTABLISHED SHARE-USE OPEN CONCEPT, COLLABORATIVE FACILITIES WHICH ALLOW COMMUNITY LEADERS OF FAITH AND BUSINESS TO COMMUNE AROUND COMMON INTERETS AND INITIATVES TO INSPIRE AND CREATE GOOD WORKS TO BETTER SERVE OUR CITIES. BEGINNING IN CHARLESTON, THESE CITY CENTRIC HUBS WILL BE UTILIZED FOR THREE DISTICT PURPOSES. 1. COWORKING SPACE WE INTEND TO SECURE STRATEGICALLY LOCATED OPEN-OFFICE WORKSPACES THAT CAN BE USED THROUGHOUT THE DAY FOR BUSINESS AND NONPROFIT LEADERS THAT WE DISCERN ARE HAVING A POSITIVE IMPACT ON THEIR CITIES. THESE FACILITIES WILL BE FLEXIBLE, MULTIDIMENSIONAL, HYBRID WORKSPACES THAT WILL SERVE AS INCUBATORS FOR LEADERS AND FOSTER INTELLECTUAL, SERVICE AND NETWORK CONTRIBUTIONS FOR BUSINESS AND NONPROFIT ENDEAVORS. ON A PRACTICAL LEVEL, THESE BUSINESS AND NONPROFIT PARTICIPANTS WILL PAY MEMBERSHIP FEES, WHICH WILL HELP OFFSET THE COSTS OF THE
Program accomplishments
- IN 2014,THE MISSION COLLECTIVE LAUNCHED THE DANIEL ISLAND FELLOWSHIP, A NEW CHURCH IN AN URBAN DEVELOPMENT AREA OF CHARLESTON. AFTER A YEAR OF BUILDING RELATIONSHIPS IN NEIGHBORHOODS AND THE CITY THROUGH VARIOUS MEANS (E.G. OUTDOOR SERVICES, HOME GATHERINGS, PRAYER EVENTS AND INTENTIONAL DAYS OF MISSION), THE DANIEL ISLAND FELLOWSHIP OFFICIALLY LAUNCHED ON SEPTEMBER 13, 2015, WITH GREAT EXCITEMENT. A MELTING POT OF INDIVIDUALS AND FAMILIES ORIGINALLY FROM NEW YORK CITY, BOSTON, CHICAGO, LOS ANGELES AND THE CAROLINAS, THE DANIEL ISLAND FELLOWSHIP NOW HAS 555+ REGULAR ATTENDEES.WORDS CANNOT EXPRESS THE HEALING,HOPE,AND LIFE-CHANGE WE ARE SEEING THROUGH THIS NEW COMMUNITY OF FAITH. EFFECTIVE JANUARY 1, 2020, THE DANIEL ISLAND FELLOWSHIP (RENAMED ONE FELLOWSHIP) WAS SPUN OFF INTO A SEPERATE ENTITY. THE SPIN-OFF RESULTED IN CASH, BUILDING, LAND AND OTHER ASSETS BEING GRANTED TO THE NEW ENTITY.Expenses $2,750
- THE MISSION COLLECTIVE ALSO LAUNCHED THE HOLY CITY COLLECTIVE, A COWORKING AND MEETING SPACE FOR THE COMMON GOOD OF CHARLESTON AND BEYOND. AS A COWORKING SPACE, ENTREPRENEURS AND STARTUP ORGANIZATIONS ARE ABLE TO FOSTER INTELLECTUAL, SERVICE AND NETWORKING CONTRIBUTIONS FOR CHARLESTON AND OTHER CITIES THROUGH THIS COOPERATIVE WORKSPACE. BECAUSE OF ITS EARLY SUCCESS, THE HOLY CITY COLLECTIVE IS QUICKLY BECOMING KNOWN AS AN INCUBATOR FOR GOOD, EVEN BEING ASKED TO PARTICIPATE IN CITY AND REGIONAL DISCUSSIONS TO HELP DEVELOP AND ATTRACT YOUNG LEADERS FOR CHARLESTON'S TECH AND MANUFACTURING SECTORS. TO DATE THE COLLECTIVE HAS SERVED 170+ ORGANIZATIONS, MORE THAN ONE THIRD OF WHICH ARE NONPROFIT ORGANIZATIONS.
- THROUGH THE MEETING SPACE ELEMENT OF THE HOLY CITY COLLECTIVE, THE MISSION COLLECTIVE HAS CREATED A PLATFORM FOR NONPROFIT ORGANIZATIONS IN CHARLESTON AND BEYOND TO GAIN EXPOSURE FOR THEIR DISTINCT MISSIONS. TO DATE MANY NONPROFIT ORGANIZATIONS HAVE BEEN SERVED IN THIS COLLABORATIVE MANNER. FROM THE DREAM CENTER CLINIC OF CHARLESTON, WHICH PROVIDES FREE MEDICAL CARE TO INDIVIDUALS 200% AT OR BELOW THE NATIONAL POVERTY LINE, TO LIFE RESOURCES, WHICH PROVIDES FAITH-BASED COUNSELING AND EDUCATION TO KIDS AND FAMILIES STRUGGLING WITH ADDICTION, DIVORCE AND MORE, TO YOUNG LIFE OF CHARLESTON, WHICH SEEKS TO HELP CHARLESTON TEENS DISCOVER AND EXPLORE THE CHRISTIAN FAITH, WE ARE PROUD TO SERVE AND CATALYZE THESE ORGANIZATIONS THROUGH OUR CITYCENTRIC HUB OF MISSION.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-2383515
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $82,903
- Income (IRS master file)
- $12,752
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $12,752 | $2,750 | $82,903 | IRS |
| 990 | December 2024 | $53,461 | $53,456 | $72,901 | IRS |
| 990 | December 2023 | $56,602 | $57,638 | $72,896 | XML |
| 990 | December 2022 | $82,668 | $83,677 | $73,932 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2014 Officer: PAUL SORENSEN | December 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2383515).
Questions about THE MISSION COLLECTIVE INC
- What is the EIN of THE MISSION COLLECTIVE INC?
- The employer identification number (EIN) of THE MISSION COLLECTIVE INC is 20-2383515.
- Is THE MISSION COLLECTIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to THE MISSION COLLECTIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE MISSION COLLECTIVE INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of THE MISSION COLLECTIVE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE MISSION COLLECTIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THE MISSION COLLECTIVE INC?
- The 990 for the year ended December 31, 2025 names PAUL SORENSEN.
- Who are the officers and directors of THE MISSION COLLECTIVE INC?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does THE MISSION COLLECTIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $12,752, expenses of $2,750 and total assets of $82,903 at year end.
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