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Nonprofit · EIN 74-3197705

EUROPEAN INITIATIVE

Tax-exempt · COLLEYVILLE, TX 76034

Financials

$1000K$1.1M2023$994K$1M2024
Revenue Expenses · by fiscal year end
Financials of EUROPEAN INITIATIVE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$993,819$1,015,268-$21,449$377,887$39,081$338,806
December 31, 2023990$999,764$1,072,492-$72,728$403,055$42,800$360,255
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$777,778
Program service revenue
$215,048
Investment income
$993
Net gain from sales of assets
$420
Other revenue
$0

Expenses

Grants and similar amounts paid
$85,569
Compensation of officers, directors and key employees
$118,600
Other salaries and wages
$261,228
Salaries, compensation and benefits (total)
$436,945
Professional fundraising fees
$0
Accounting fees
$41,084
Occupancy
$35,683
Travel
$312,557
Depreciation
$10,749
Program services (functional)
$928,297
Management and general (functional)
$86,971

Balance sheet and other

Total assets, start of year
$403,055
Total assets, end of year
$377,887
Total liabilities, end of year
$39,081
Net assets, end of year
$338,806
Land, buildings and equipment
$18,178
Net assets without donor restrictions
$338,806
Gross receipts
$1,015,793
Employees
9
Volunteers
400
Year formed
2006
State of legal domicile
TX

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
JEFFREY SERIOCHAIRMAN
Trustee or director, Officer
40$108,600
MATTHEW LANKENAUSECRETARY
Trustee or director, Officer
1$0
TRAVIS PAULESTREASURER
Trustee or director, Officer
1$0
NATHAN GRIMMENTREPRENEUR
Trustee or director, Officer
1$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensationOther / benefits
Jeffrey SerioChairman
Trustee or director, Officer
40$51,760$66,840
Olen GriffingDirector
Trustee or director
1$0$0
Matthew LankenauSecretary
Trustee or director, Officer
1$0$0
Michael KnightTreasurer
Trustee or director, Officer
1$0$0

Address and contacts

Address (IRS master file)
PO BOX 772, COLLEYVILLE, TX 76034-0772
In care of
% JEFFREY SERIO
Principal officer (990 for 2024)
JEFFREY SERIO, PO BOX 772, COLLEYVILLE, TX 76034
Signed the 990
JEFFREY SERIO, CHAIRMAN
Phone
(972) 616-3777
Return prepared by
MEREDITH CPAS LLC

Mission

EUROPEAN INITIATIVE EXISTS TO IGNITE A SPIRITUAL AWAKENING IN EUROPE. EI MOBILIZES TEAMS OF CHRISTIANS TO PARTNER WITH EUROPEAN CHURCHES AND MINISTRIES ON A VARIETY OF SHORT-TERM MISSION TRIPS. WE SERVE AS A SPIRITUAL BRIDGE BETWEEN CONTINENTS, AND FACILITATE TRIPS THAT THRUST BELIEVERS FROM AROUND THE WORLD TO THE SPIRITUAL FRONTLINES OF EUROPE. EI TEAMS FOCUS ON ONE OR MORE OF OUR 5 INITIATIVES: EVANGELISM, HUMANITARIAN AID, EQUIPPING THE CHURCH, PRAYER & WORSHIP, AND BLESSING THE JEWISH PEOPLE. WE BELIEVE THAT AS THE BODY OF CHRIST UNITES AND THE GOSPEL IS SHARED FROM CITY TO CITY, A SPIRITUAL AWAKENING WILL TAKE PLACE.

990 for the year ended December 31, 2024

Program accomplishments

  • IN 2024, EUROPEAN INITIATIVE CONTINUED ITS MISSION TO PROCLAIM THE GOSPEL OF JESUS CHRIST ACROSS EUROPE. WE MOBILIZED OUR STAFF AND HUNDREDS OF VOLUNTEERS TO 17 NATIONS. WE REACHED MORE THAN 45,000 PEOPLE WITH THE GOSPEL AND HELPED LEAD APPROXIMATELY 330 TO SALVATION IN JESUS CHRIST. ADDITIONALLY, WE BLESSED IMPOVERISHED PEOPLE IN ROMANIA, HUNGARY AND UKRAINE WITH HUMANITARIAN AID - MOST OF IT FOOD STAPLES. IN JANUARY, WE MOBILIZED AN INTERNATIONAL TEAM FROM 6 NATIONS TO ROMANIA, TO DELIVER FOOD SUPPLIES TO MULTIPLE VILLAGES FEEDING MORETHAN 2,500 ROMA PEOPLE FOR A MONTH. OTHER ACHIEVEMENTS INCLUDED FINANCIAL DONATIONS TO CHURCHES IN EUROPE - WE GAVE A ROMANIAN CHURCH THE FUNDS TO PURCHASE CHAIRS FOR THEIR CHURCH BUILDING SEATING 300 PEOPLE. OUT STAFF WERE ALSO ENGAGED WITH CHURCHES IN GERMANY AND SPAIN - TEACHING THEM HOW TO EVANGELIZE IN THEIR NATIONS.
    Expenses $928,297 · revenue $216,041

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
74-3197705
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
2007
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Religion-related (X99)
Assets (IRS master file)
$377,887
Income (IRS master file)
$1,015,793

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$993,819$1,015,268$377,887IRS
990December 2023$999,764$1,072,492$403,055XML
990December 2022$1,407,443$1,394,293$505,329IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

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 74-3197705).

Questions about EUROPEAN INITIATIVE

What is the EIN of EUROPEAN INITIATIVE?
The employer identification number (EIN) of EUROPEAN INITIATIVE is 74-3197705.
Is EUROPEAN INITIATIVE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to EUROPEAN INITIATIVE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does EUROPEAN INITIATIVE 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 EUROPEAN INITIATIVE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did EUROPEAN INITIATIVE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of EUROPEAN INITIATIVE?
The 990 for the year ended December 31, 2024 names JEFFREY SERIO.
Who are the officers and directors of EUROPEAN INITIATIVE?
The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $108,600 (JEFFREY SERIO, CHAIRMAN).
How much revenue does EUROPEAN INITIATIVE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $993,819, expenses of $1,015,268 and total assets of $377,887 at year end.

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