Keep The Faith Foundation Inc
- Assets
- $336.7k
- Revenue
- $313.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bolton, MS
- Founding
- 07/2000
- Data as of
- 12/2021
- EIN
- 31-1695818
Organization Overview
Keep The Faith Foundation Inc is located in Bolton, MS. The organization was established in 2000. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keep The Faith Foundation 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 12/2021, Keep The Faith Foundation Inc generated $313.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (36.4%) each year. All expenses for the organization totaled $283.8k during the year ending 12/2021. 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
IMPROVEMENT OF PEOPLES LIVES THROUGH COMMUNITY SERVICES AND PROGRAMS THROUGH EDUCATION, TRAINING AND WORK OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVEMENT OF PEOPLES LIVES THROUGH COMMUNITY SERVICES AND PROGRAMS THROUGH EDUCATION, TRAINING AND WORK OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tonia Cowan President | Trustee | 20 | $0 |
London Thompson Director | Trustee | 8 | $0 |
James Thrasher Director | Trustee | 2 | $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 | $311,125 |
| Noncash contributions included in lines 1a–1f | $125 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $311,125 |
| Total Program Service Revenue | $1,211 |
| Investment income | $624 |
| 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 | $312,960 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $264,350 |
| Grants and other assistance to domestic individuals. | $500 |
| 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 | $0 |
| Fees for services: Accounting | $802 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $125 |
| 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 | $1,165 |
| All other expenses | $0 |
| Total functional expenses | $283,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $336,711 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $336,711 |
| 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 | $336,711 |
| 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 | $336,711 |
Grants Awarded
Over the last fiscal year, Keep The Faith Foundation Inc has awarded $264,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
AARON E HENRY COMM HEALTH SER | | | $66,000 |
Mound Bayou, MS | | $66,000 |
Canton, MS | | $66,000 |
JACKSON HINDS COMP HEALTH CEN | | | $66,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Keep The Faith Foundation Inc has recieved totaling $300,000.
| Awarding Organization | Amount |
|---|---|
East Bay Community Foundation Oakland, CA PURPOSE: PARTNER WITH COMMUNITY HEALTH CENTERS TO INCREASE ACCESS IN AFRICAN AMERICAN COMMUNITIES TO TESTING AND EDUCATION ABOUT THE BENEFITS OF GETTING TESTED AND VACCINATED FOR COVID-19 | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arkansas Connections Academy Inc Bentonville, AR | $3,114,083 | $20,599,824 |
Northlake Christian School Covington, LA | $15,559,549 | $15,961,975 |
Instruction Partners Nashville, TN | $7,038,441 | $15,858,376 |
Alabama Nursing Home Association Education Foundation Montgomery, AL | $40,408,149 | $40,141,575 |
Arkansas Public School Resource Center Inc Little Rock, AR | $6,340,415 | $12,760,504 |
Mission Interests Committee Harrison, AR | $10,271,501 | $13,233,204 |
Read Foundation Memphis, TN | $15,946,000 | $13,611,845 |
Nashville Christian Schools Inc Nashville, TN | $15,861,527 | $11,380,929 |
Community Action Agency Of South Alabama Daphne, AL | $2,794,375 | $8,517,867 |
Memphis Rise Academy Inc Memphis, TN | $16,603,150 | $9,374,095 |
A Plus Education Partnership Montgomery, AL | $5,680,033 | $9,890,128 |
University Of Southern Mississippi Athletic Foundation Hattiesburg, MS | $15,145,545 | $10,544,617 |