Faithcentre
- Assets
- $781.5k
- Revenue
- $470.1k
- Investments
- $0.0
- Employees
- 25
- Location
- Bellefonte, PA
- Founding
- 03/2004
- Data as of
- 12/2023
- EIN
- 03-0525345
Organization Overview
Faithcentre is located in Bellefonte, PA. The organization was established in 2004. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 12/2023, Faithcentre employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faithcentre is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Faithcentre generated $470.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $523.3k during the year ending 12/2023. While expenses have increased by 4.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE RELIGIOUS AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THRIFT STORE PROVIDES CLOTHING, SMALL APPLIANCES, HOUSEHOLD GOODS AT VERY LOW PRICES AND UNDER THE VOUCHER PROGRAM PROVIDED FREE ITEMS TO THOSE IN NEED. THE STORE IS OPEN SIX DAYS A WEEK AND SERVICES APPROXIMATELY 250 PERSONS PER DAY. FOOD PANTRY HOUSES FEDERAL/STATE SURPLUS FOOD AS WELL AS DONATED GOODS. THE PANTRY PROVIDES SURPLUS FOOD PACKAGES FOR 325 PERSONS PER MONTH IN ADDITION TO EMERGENCY FOOD. THE FOOD PANTRY DISTRIBUTES CHRISTMAS FOOD BASKETS AND TOYS FOR TOTS. SEMINAR SPACE IS PROVIDED TO VARIOUS LOCAL AGENCIES FOR SEMINARS AND HELP SESSIONS, AMONG THEM: COMMUNITIES THAT CARE, THE MID STATE LITERACY COUNCIL, THE HOME NURSING AGENCY. NEEDY ASSISTANCE FAITHCENTRE ROUTINELY PROVIDES FREE CLOTHING, FOOD, PERSONAL CARE ITEMS TO THOSE IN FINANCIAL NEED. FAITHCENTRE ASSISTS WITH PAYING FOR ALL OR PART OF HEATING FUEL, ELECTRIC BILLS AND RENTAL ASSISTANCE.
OTHER PROGRAMS 1) COFFEE CORNER - THE BILL THOMAS COFFEE CORNER IS A FREE, DROP IN AREA FOR SEMI-HOMELESS AND LONELY PATRONS. VISITORS ARE SERVED HOT AND COLD DRINKS, SNACKS AND PASTRIES. OPEN FROM 10:00 AM UNTIL 3:00 PM DAILY. THE CORNERS PROGRAMS INCLUDE A BIBLE STUDY AND ARTS/CRAFTS AND CONVERSATION FOR PATRONS. THE CORNER SERVES APPROXIMATELY 20 PERSONS DAILY. 2) KIDS CORNER - A PROGRAM FOR HOSTING CHILDREN OF PARENTS ATTENDING SEMINARS AND TEACHING PROGRAMS. 3) SALVATION ARMY - LOCAL SERVICES UNIT HAS FREE SPACE IN THE FAITHCENTRE BUILDING AND PROVIDES MONEY, VOUCHERS AND GENERAL ASSISTANCE FOR THOSE WHO QUALIFY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Summers Executive Director | Officer | 40 | $79,823 |
Stephanie Cooper Board Member | Officer | 0 | $0 |
Andrew Morgan President | Officer | 0 | $0 |
Robert Dornan Secretary | Officer | 0 | $0 |
Susan Munnell Board Member | Officer | 0 | $0 |
Sheila Stever Treasurer/vice Pres | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $156,413 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,413 |
| Total Program Service Revenue | $0 |
| Investment income | $29,597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,755 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $282,269 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $470,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,765 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $79,823 |
| Compensation of current officers, directors, key employees. | $79,823 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $163,854 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,624 |
| Payroll taxes | $20,986 |
| Fees for services: Management | $1,020 |
| Fees for services: Legal | $35 |
| Fees for services: Accounting | $5,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,525 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,159 |
| Office expenses | $0 |
| Information technology | $1,261 |
| Royalties | $0 |
| Occupancy | $97,443 |
| Travel | $10,515 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,145 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,697 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $523,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,237 |
| Savings and temporary cash investments | $35,061 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $252,796 |
| Investments—publicly traded securities | $255,410 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $781,504 |
| Accounts payable and accrued expenses | $7,599 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $166,081 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $173,680 |
| Net assets without donor restrictions | $607,824 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $781,504 |