Nonprofit · EIN 46-0985976
7 BILLION REASONS INC
Tax-exempt · CARY, NC 27512
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 (amended) | $251,280 | $195,722 | $55,558 | $717,261 | $0 | $717,261 |
| December 31, 2024 | 990 | $359,386 | $206,831 | $152,555 | $644,295 | $0 | $644,295 |
| December 31, 2023 | 990 | $179,876 | $197,325 | -$17,449 | $490,856 | $0 | $490,856 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $253,939
- Program service revenue
- $0
- Investment income
- $3,626
- Royalties
- $614
- Net income from fundraising events
- -$6,306
- Net income from sales of inventory
- -$593
- Other revenue
- -$6,285
Expenses
- Grants and similar amounts paid
- $166,776
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $212
- Travel
- $9,409
- Depreciation
- $11,166
- Program services (functional)
- $187,351
- Management and general (functional)
- $2,169
- Fundraising (functional)
- $6,202
Balance sheet and other
- Total assets, start of year
- $661,710
- Total assets, end of year
- $717,261
- Total liabilities, end of year
- $0
- Net assets, end of year
- $717,261
- Land, buildings and equipment
- $422,745
- Publicly traded securities
- $37,106
- Net assets without donor restrictions
- $596,584
- Net assets with donor restrictions
- $120,677
- Gross receipts
- $258,700
- Employees
- 0
- Volunteers
- 35
- Year formed
- 2014
- State of legal domicile
- NC
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 |
|---|---|---|---|
| MARK KANODE | PRESIDENT Trustee or director, Officer | 8 | $0 |
| CHRISTINE WERTZ | VICE PRESIDENT Trustee or director, Officer | 8 | $0 |
| LORI KANODE | TREASURER Trustee or director, Officer | 8 | $0 |
| MICHAEL HARWOOD | ADVISORY COUNCIL MEMBER Trustee or director | 1 | $0 |
| KATHLEEN HARWOOD | ADVISORY COUNCIL MEMBER Trustee or director | 1 | $0 |
| KEITH SCHOMBURG | ADVISORY COUNCIL MEMBER Trustee or director | 1 | $0 |
| KRISTY DECICCO | BOARD MEMBER Trustee or director | 5 | $0 |
| ANDREW GRIFFIN | BOARD MEMBER Trustee or director | 5 | $0 |
| KELSEY GRIFFIN | BOARD MEMBER Trustee or director | 5 | $0 |
| WADE FICKEN | ADVISORY COUNCIL MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL HARWOOD | ADVISORY COUNCIL MEMBER Trustee or director | 1 | $0 |
| KATHLEEN HARWOOD | ADVISORY COUNCIL MEMBER Trustee or director | 1 | $0 |
| KEITH SCHOMBURG | ADVISORY COUNCIL MEMBER Trustee or director | 1 | $0 |
| KRISTY DECICCO | BOARD MEMBER Trustee or director | 5 | $0 |
| MARK KANODE | PRESIDENT Trustee or director, Officer | 8 | $0 |
| CHRISTINE WERTZ | VICE PRESIDENT Trustee or director, Officer | 8 | $0 |
| LORI KANODE | TREASURER Trustee or director, Officer | 8 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK KANODE | PRESIDENT Trustee or director, Officer | 8 | $0 |
| CHRISTINE WERTZ | VICE PRESIDENT Trustee or director, Officer | 8 | $0 |
| LORI KANODE | TREASURER Trustee or director, Officer | 8 | $0 |
| MICHAEL HARWOOD | BOARD MEMBER Trustee or director | 1 | $0 |
| KATHLEEN HARWOOD | BOARD MEMBER Trustee or director | 1 | $0 |
| KEITH SCHOMBURG | BOARD MEMBER Trustee or director | 1 | $0 |
| KRISTY DECICCO | BOARD MEMBER Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1035, CARY, NC 27512-1035
- In care of
- % MARK KANODE
- Mailing address (990-N for 2013)
- PO Box 1035, Cary NC 27512
- Principal officer (990 for 2025)
- MARK KANODE, PO Box 1035, Cary, NC 27512
- Principal officer (990-N for 2013)
- Mark Kanode, 3204 Colby Chase Drive, Apex NC 27539
- Signed the 990
- MARK KANODE, President
- Phone
- (919) 345-0843
- Website
- www.7billionreasons.org
- Return prepared by
- John Sweemer CPA
Mission
TO GO AND SHARE THE LOVE OF JESUS CHRIST BY MEETING SPIRITUAL, EDUCATIONAL, AND PHYSICAL NEEDS IN IMPOVERISHED COMMUNITIES THROUGHOUT THE WORLD.
Program accomplishments
- 7 BILLION REASONS PROVIDES FOR AND RUNS GLOBAL LEADERSHIP SCHOOL, A PRIMARY SCHOOL IN BUSIA, UGANDA. ALONG WITH THE EXCELLENT ACADEMICS, WE PROVIDE THE STUDENTS AND STAFF WITH 2 MEALS A DAY, SUPPLIES AND MEDCIAL CARE AS NEEDED. IN ADDITION, 7 BILLION REASONS EQUIPS PASTORS, CHURCH LEADERS, AND OTHER ADULTS IN UGANDA FOR SERVICE THROUGH TRAINING AND DISCIPLESHIP. FINALLY, 7 BILLION REASONS PROVIDES SUPPORT TO COMMUNITY MEMBERS IN BUSIA THROUGH PHYSICAL AID BASED ON NEED.Expenses $187,351
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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
- 46-0985976
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $677,044
- Income (IRS master file)
- $258,700
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $251,280 | $195,722 | $717,261 | XML |
| 990 | December 2024 | $359,386 | $206,831 | $644,295 | IRS |
| 990 | December 2023 | $179,876 | $197,325 | $490,856 | XML |
| 990 | December 2022 | $185,406 | $185,468 | $508,305 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: Mark Kanode | December 31, 2013 | ≤ $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 46-0985976).
Questions about 7 BILLION REASONS INC
- What is the EIN of 7 BILLION REASONS INC?
- The employer identification number (EIN) of 7 BILLION REASONS INC is 46-0985976.
- Is 7 BILLION REASONS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to 7 BILLION REASONS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 7 BILLION REASONS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 7 BILLION REASONS 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 7 BILLION REASONS 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 7 BILLION REASONS INC?
- The 990 for the year ended December 31, 2025 names MARK KANODE.
- Who are the officers and directors of 7 BILLION REASONS INC?
- The 990 for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does 7 BILLION REASONS INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $251,280, expenses of $195,722 and total assets of $717,261 at year end.
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All nonprofits in CARY · North Carolina · International, foreign affairs and national security