Faith Community Foundation
- Assets
- $896.3k
- Revenue
- $159.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 12/2006
- Data as of
- 03/2023
- EIN
- 20-3557559
Organization Overview
Faith Community Foundation is located in Des Moines, IA. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith Community Foundation 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 03/2023, Faith Community Foundation generated $159.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $191.3k during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Faith Community Foundation has awarded 30 individual grants totaling $1,895,416. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FAITH COMMUNITY FOUNDATION'S MISSION IS "SERVING CONTRIBUTORS AND THE ORGANIZATIONS THEY CARE ABOUT, TO ACHIEVE THEIR STEWARDSHIP OBJECTIVE WITH EXEMPLARY PROFESSIONAL SERVICES AS SERVANTS OF JESUS CHRIST."
Describe the Organization's Program Activity:
FAITH COMMUNITY FOUNDATION OFFERS DONOR ADVISED ACCOUNTS TO CONTRIBUTORS. TWENTY-SIX DONOR ADVISED ACCOUNTS ARE OPEN WITH $153,175 OF DONATIONS THIS FISCAL YEAR.
FAITH COMMUNITY FOUNDATION SERVES AS TRUSTEE FOR VARIOUS CHARITABLE AGREEMENTS PROVIDING SERVICES TO FIVE CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ethan Roos Director, Chair | OfficerTrustee | 1 | $0 |
Ken Hansen Director | Trustee | 1 | $0 |
John Hartog III Director | Trustee | 1 | $0 |
Daniel Didonato Director | Trustee | 1 | $0 |
Andy Karas Director, Treasurer | Trustee | 1 | $0 |
Paul Fulks Director, Secretary | Trustee | 1 | $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 | $153,175 |
| Noncash contributions included in lines 1a–1f | $56,704 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,175 |
| Total Program Service Revenue | $4,334 |
| Investment income | $1,038 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $432 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $158,979 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $175,647 |
| 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. | $0 |
| 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 | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $195 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,347 |
| Information technology | $80 |
| Royalties | $0 |
| Occupancy | $3,600 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,680 |
| All other expenses | $0 |
| Total functional expenses | $191,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,384 |
| Savings and temporary cash investments | $24,705 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,071 |
| 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 | $1,802 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $857,315 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $896,277 |
| Accounts payable and accrued expenses | $48 |
| 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 | $857,315 |
| Total liabilities | $857,363 |
| Net assets without donor restrictions | $38,914 |
| 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 | $896,277 |
Grants Awarded
Over the last fiscal year, Faith Community Foundation has awarded $169,161 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ON TARGET MINISTRY INC PURPOSE: Program support | $85,355 |
FELLOWSHIP BAPTIST CHURCH PURPOSE: Program support | $20,000 |
CHRISTIAN LEADERSHIP TRAINING INTERNATIONAL PURPOSE: Program support | $16,153 |
LIFE IMPACT FOR ETERNITY PURPOSE: Program support | $16,153 |
FAITH BAPTIST BIBLE COLLEGE PURPOSE: Program support | $15,000 |
MARANATHA BAPTIST CHURCH PURPOSE: Program support | $8,000 |