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Nonprofit · EIN 88-1778821

CARIBBEAN IMPACT MINISTRIES

Tax-exempt · CALEDONIA, MI 49316

Financials

$3.4M$117K2023$2.3M$462K2024
Revenue Expenses · by fiscal year end
Financials of CARIBBEAN IMPACT MINISTRIES by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,335,941$461,911$1,874,030$5,220,595$22,209$5,198,386
December 31, 2023990$3,383,000$117,275$3,265,725$3,307,364$0$3,307,364
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,335,850
Program service revenue
$0
Investment income
$91
Other revenue
$0

Expenses

Grants and similar amounts paid
$24,649
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$47,724
Occupancy
$209,994
Travel
$2,351
Depreciation
$30,939
Program services (functional)
$395,530
Management and general (functional)
$66,381

Balance sheet and other

Total assets, start of year
$3,307,364
Total assets, end of year
$5,220,595
Total liabilities, end of year
$22,209
Net assets, end of year
$5,198,386
Land, buildings and equipment
$2,685,931
Net assets without donor restrictions
$5,198,386
Gross receipts
$2,335,941
Employees
0
Year formed
2022
State of legal domicile
MI

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
SONYA GALLOWAYTREASURER
Trustee or director, Officer
2$0
SPENCER GALLOWAYPRESIDENT
Trustee or director, Officer
10$0
VINCE JOHNSONDIRECTOR
Trustee or director
–$0
TODD SCHAALSECRETARY
Trustee or director, Officer
–$0
DAN WYNALDADIRECTOR
Trustee or director
–$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
SONYA GALLOWAYTREASURER
Trustee or director, Officer
2$0
SPENCER GALLOWAYPRESIDENT
Trustee or director, Officer
5$0
VINCE JOHNSONDIRECTOR
Trustee or director
–$0
TODD SCHAALSECRETARY
Trustee or director, Officer
–$0
DAN WYNALDADIRECTOR
Trustee or director
–$0

Address and contacts

Address (IRS master file)
5640 108TH ST SE, CALEDONIA, MI 49316-9304
Principal officer (990 for 2024)
SPENCER GALLOWAY, 5640 108TH ST SE, CALEDONIA, MI 49316
Signed the 990
SPENCER GALLOWAY, PRESIDENT
Phone
(616) 443-7141
Return prepared by
STONEHENGE CONSULTING PLC

Mission

CARIBBEAN IMPACT MINISTRIES WAS FORMED FOR THE MISSION AND PURPOSE OF RAISING MONEY THROUGH CHARITABLE DONATIONS FOR THE CHRISTIAN EDUCATION OF CHILDREN OF ALL SOCIOECONOMIC STATUS IN LATIN AMERICAN COUNTRIES. INCLUDING, FORMATION AND OPERATION OF CHRISTIAN SCHOOLS IN THE DOMINICAN REPUBLIC.

990 for the year ended December 31, 2024

Program accomplishments

  • RAISE MONEY THROUGH CHARITABLE DONATIONS FOR THE CHRISTIAN EDUCATION OF ALL SOCIOECONOMIC STATUS IN LATIN AMERICAN COUNTRIES. FORMATION AND OPERATION OF CHRISTIAN SCHOOLS IN THE DOMINICAN REPUBLIC.
  • SCHOOL CAMPUS OPERATION
    Expenses $395,530 · grants $24,649

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
88-1778821
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B12)
Assets (IRS master file)
$5,220,595
Income (IRS master file)
$2,335,941

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,335,941$461,911$5,220,595XML
990December 2023$3,383,000$117,275$3,307,364XML
990December 2022$15,000$12,573$2,427IRS

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 88-1778821).

Questions about CARIBBEAN IMPACT MINISTRIES

What is the EIN of CARIBBEAN IMPACT MINISTRIES?
The employer identification number (EIN) of CARIBBEAN IMPACT MINISTRIES is 88-1778821.
Is CARIBBEAN IMPACT MINISTRIES tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to CARIBBEAN IMPACT MINISTRIES tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CARIBBEAN IMPACT MINISTRIES 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 CARIBBEAN IMPACT MINISTRIES 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 CARIBBEAN IMPACT MINISTRIES 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 CARIBBEAN IMPACT MINISTRIES?
The 990 for the year ended December 31, 2024 names SPENCER GALLOWAY.
Who are the officers and directors of CARIBBEAN IMPACT MINISTRIES?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does CARIBBEAN IMPACT MINISTRIES have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,335,941, expenses of $461,911 and total assets of $5,220,595 at year end.

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