Faith Foundation Resources
- Assets
- $66.1k
- Revenue
- $279.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Flint, MI
- Founding
- 06/2003
- Data as of
- 12/2021
- EIN
- 04-2354456
Organization Overview
Faith Foundation Resources is located in Flint, MI. The organization was established in 2003. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Faith Foundation Resources employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith Foundation Resources 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 12/2021, Faith Foundation Resources generated $279.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $213.0k during the year ending 12/2021. While expenses have increased by 19.7% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE NECESSARY EDUCATION AND TRAINING REQUIRED TO PROMOTE SUCCESS AND POSITIVE MOTIVATION TO THE COMMUNITY IN AN EFFORT TO EQUIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELPING YOUNG PEOPLE TO EMPLOYMENT (HYPE) PROGRAM IS A JOB READINESS AN HIV/AIDS AWARENESS/PREVENTION PROGRAM GEARED TPWARD EDUCATING TEENS AND YOUNG ADULTS THROUGH INFORMATION, ROLE PLAY, AND PERFORMING ARTS AS AN AVENUE TO BRING AWARENESS AND FOSTER HEALTHY SEXUAL CHOICES. WE MAINTAINED A 98% JOB REPLACEMENT RATE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teronse Miller Treasurer | Trustee | 1 | $0 |
Allan Armstrong President | Trustee | 1 | $0 |
Angela Lots Executive Director | Trustee | 40 | $0 |
Najee Miller Member | Trustee | 1 | $0 |
Gwen Williams Member | Trustee | 1 | $0 |
Bryant Turner Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $203,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,415 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $279,915 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $279,915 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $102,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,286 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,958 |
| Advertising and promotion | $15,939 |
| Office expenses | $14,189 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,760 |
| Travel | $3,928 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,906 |
| Insurance | $2,251 |
| All other expenses | $11,618 |
| Total functional expenses | $212,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,630 |
| Savings and temporary cash investments | $0 |
| 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 | $15,494 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $66,124 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $66,124 |
| 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 | $66,124 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Faith Foundation Resources has recieved totaling $172,516.
| Awarding Organization | Amount |
|---|---|
Ruth Mott Foundation Flint, MI PURPOSE: HELPING YOUNG PEOPLE WITH EMPLOYMENT (HYPE) PROGRAM | $65,000 |
Charles Stewart Mott Foundation Flint, MI PURPOSE: TO SUPPORT A PROGRAM THAT TRAINS AND PLACES YOUTH INTO EMPLOYMENT. | $50,000 |
Community Foundation Of Greater Flint Flint, MI PURPOSE: Program and/or Operational Support | $43,500 |
United Way Of Genesee County Flint, MI PURPOSE: HYPE | $10,000 |
Stella & Frederick S Loeb Charitable Tr Columbus, OH PURPOSE: GENERAL OPERATING | $3,000 |
Burroughs Memorial Trust Columbus, OH PURPOSE: SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edison Welding Institute Inc Columbus, OH | $23,258,662 | $30,160,684 |
W E Upjohn Unemployment Trustee Corporation Kalamazoo, MI | $279,939,178 | $28,869,507 |
Pierce-Pepin Cooperative Services Ellsworth, WI | $45,602,496 | $18,833,383 |
Alternative Services Inc Livonia, MI | $7,366,865 | $19,260,282 |
Employ Milwaukee Inc Milwaukee, WI | $5,350,025 | $18,087,018 |
Berrien-Cass-Vanburen Workforce Development Board Inc Benton Harbor, MI | $2,581,468 | $13,721,312 |
Jobworks Inc Fort Wayne, IN | $2,850,480 | $13,765,612 |
Ohio Operating Engineers Apprenticeship Fund Columbus, OH | $28,221,332 | $11,797,420 |
Wisconsin Operating Engineers Skill Improvement And Apprenticeship Fun Pewaukee, WI | $22,671,605 | $11,410,505 |
United Labor Agency Inc Cleveland, OH | $1,262,964 | $7,870,324 |
Hobart Institute Of Welding Technology Troy, OH | $21,990,854 | $8,624,823 |
International Union Of Operating Engineers Local 324 Health & Welfa Troy, MI | $11,444,859 | $7,479,654 |