Keep The Faith Inc
- Assets
- $1.4m
- Revenue
- $441.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Saddle River, NJ
- Founding
- 03/1984
- Data as of
- 03/2022
- EIN
- 22-2405221
Organization Overview
Keep The Faith Inc is located in Saddle River, NJ. The organization was established in 1984. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. As of 03/2022, Keep The Faith Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keep The Faith Inc 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 03/2022, Keep The Faith Inc generated $441.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $762.1k during the year ending 03/2022. While expenses have increased by 11.9% per year over the past 7 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.
Since 2020, Keep The Faith Inc has awarded 30 individual grants totaling $660,412. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
KEEP THE FAITH IS A CATHOLIC LAY APOSTOLATE DEVOTED TO ASSIST IN THE DISSEMANATION OF GOOD CATHOLIC DOCTRINE
Describe the Organization's Program Activity:
Part 3 - Line 4a
KEEP THE FAITH IS A CATHOLIC LAY APOSTOLATE DEVOTED TO ASSISTIN THE DISSEMANATION OF GOOD CATHOLIC DOCTRINE THROUGHCOMPACT CASETTES,BOOKS AND THE PUBLICATION OF LATIN MASS MAGAZINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Walsh President | Officer | 0 | $5,000 |
Mary Rose Walsh Treasurer | Officer | 0 | $5,000 |
Eleanor Walsh Vice President | Officer | 10 | $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 | $118,418 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $118,418 |
| Total Program Service Revenue | $110,053 |
| Investment income | $56,601 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $106,555 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $49,097 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $441,272 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $246,512 |
| Grants and other assistance to domestic individuals. | $40,295 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,000 |
| Compensation of current officers, directors, key employees. | $500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,537 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,610 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,525 |
| Office expenses | $5,769 |
| Information technology | $10,628 |
| Royalties | $0 |
| Occupancy | $36,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $369 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $171 |
| Insurance | $2,515 |
| All other expenses | $30,320 |
| Total functional expenses | $762,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,970 |
| Savings and temporary cash investments | $748,116 |
| 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 | $3,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $327,718 |
| Investments—publicly traded securities | $270,375 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $1,396,180 |
| Accounts payable and accrued expenses | $38,765 |
| Grants payable | $0 |
| Deferred revenue | $69,665 |
| 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 | $108,430 |
| Net assets without donor restrictions | $1,287,750 |
| 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 | $1,396,180 |
Grants Awarded
Over the last fiscal year, Keep The Faith Inc has awarded $231,512 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS UNDER 5000 | | | $42,512 |
PREISTLY FRATERNITY OF ST PET | | | $35,000 |
KOLBE IMMACULATA SCHOOL | | | $35,000 |
Chicago, IL | | $26,000 |
THOMAS MORE COLLEGE | | | $25,500 |
ST GREGORY THE GREAT | | | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Keep The Faith Inc has recieved totaling $1,222,000.
| Awarding Organization | Amount |
|---|---|
Catholic Views Broadcast Inc Saddle River, NJ PURPOSE: GENERAL FUND | $611,000 |
Catholic Views Broadcast Inc Saddle River, NJ PURPOSE: GENERAL FUND | $611,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Charities Community Services Archdiocese Of New York New York, NY | $26,243,473 | $67,855,739 |
Woodlawn Foundation New Rochelle, NY | $58,943,273 | $25,049,674 |
Raskob Foundation For Catholic Activities Incorporated Wilmington, DE | $222,202,600 | $26,821,611 |
Community Association Of Progressive Dominicans Inc New York, NY | $3,345,960 | $6,118,311 |
Murray Hill Place Inc New York, NY | $43,211,368 | $5,022,335 |
Catholic Migration Services Inc Brooklyn, NY | $5,700,505 | $6,076,447 |
Villa St Joseph Of Baden Inc Baden, PA | $11,517,142 | $339,761 |
Riverside Study Center Inc New York, NY | $14,243,524 | $2,424,338 |
Hrh Management Corporation Huntingdon Valley, PA | $24,532,221 | $3,996,088 |
Blue Army Of Our Lady Of Fatima Usa Inc Washington, NJ | $5,683,960 | $2,629,820 |
St Elizabeth Child Care Center Jersey City, NJ | $1,155,375 | $1,799,045 |
St Philip The Apostle Foundation Inc Ramsey, NJ | $42,234,590 | $3,367,781 |