Faith Memorial Church
- Assets
- $146.7k
- Revenue
- $273.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Cleveland, TN
- Founding
- 12/2017
- Data as of
- 12/2021
- EIN
- 38-3957951
Organization Overview
Faith Memorial Church is located in Cleveland, TN. The organization was established in 2017. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Faith Memorial Church employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith Memorial Church 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 Memorial Church generated $273.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $223.2k during the year ending 12/2021. While expenses have increased by 6.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SHARING THE CHRISTIAN GOSPEL THROUGH WORSHIP AND MINISTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHARING THE CHRISTIAN GOSPEL THROUGH WORSHIP AND MINISTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jimmy Dupree Pastor | OfficerTrustee | 40 | $72,345 |
Charles Barie Deacon | Trustee | 2 | $0 |
Frank Butler Deacon | Trustee | 2 | $0 |
Tim Garvich Deacon | Trustee | 2 | $0 |
Randy Condon Deacon | Trustee | 2 | $0 |
Mike Mccormick Deacon | 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 | $273,761 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,761 |
| Total Program Service Revenue | $0 |
| Investment income | $157 |
| 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 | $273,918 |
| 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. | $93,412 |
| 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 | $1,889 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,375 |
| 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 | $2,020 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,477 |
| 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 | $7,634 |
| All other expenses | $0 |
| Total functional expenses | $223,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,629 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $109 |
| 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 | $146,738 |
| Accounts payable and accrued expenses | $2,389 |
| 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 | $4,000 |
| Other liabilities | $0 |
| Total liabilities | $6,389 |
| Net assets without donor restrictions | $140,349 |
| 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 | $146,738 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Faith Memorial Church has recieved totaling $36,000.
| Awarding Organization | Amount |
|---|---|
Fairfield County Foundation Lancaster, OH PURPOSE: SCHOLARSHIP FUND | $20,000 |
Fairfield County Foundation Lancaster, OH PURPOSE: DONOR ADVISED | $16,000 |
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|---|---|---|
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Vision Baptist Missions Inc Alpharetta, GA | $4,755,365 | $10,893,530 |
Cbmc Inc Chattanooga, TN | $8,634,915 | $10,793,711 |
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Lutheran Home - Forsyth County Inc Salisbury, NC | $3,585,984 | $11,789,990 |
Timothy Initiative Inc Raleigh, NC | $25,869,697 | $20,418,173 |
City Of Refuge Inc Atlanta, GA | $18,578,795 | $9,135,404 |
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Presbyterian Village Inc Little Rock, AR | $7,163,719 | $8,947,997 |