Circle Of Faith Inc
- Assets
- $912.8k
- Revenue
- $681.4k
- Investments
- $0.0
- Employees
- 35
- Location
- Medford, WI
- Founding
- 08/1993
- Data as of
- 10/2023
- EIN
- 39-1715347
Organization Overview
Circle Of Faith Inc is located in Medford, WI. The organization was established in 1993. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 10/2023, Circle Of Faith Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Circle Of 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 10/2023, Circle Of Faith Inc generated $681.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $629.5k during the year ending 10/2023. While expenses have increased by 7.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE SEEK DONATIONS OF CLOTHING AND HOUSEHOLD FURNISHINGS THROUGH CHURCHES, MEDIA, WORD OF MOUTH. THESE ITEMS ARE SORTED AND DISPLAYED IN OUR THRIFT STORE AND OFFERED FOR SALE AT THRIFT PRICES. IN RESPONSE TO REQUESTS FROM THE NEEDY FOR CLOTHING, FOOD AND LODGING; WE EVALUATE ABILITY TO PAY AND PROVIDE FREE MERCHANDISE, REDUCED PRICES, AND/OR SOMETIMES DIRECT CASH PAYMENT FOR FOOD/LODGING. WE ALSO MAKE REFERRALS TO LOCAL SERVICE ORGANIZATIONS OR THE LOCAL SOCIAL SERVICE OFFICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM RELATED EXPENSES IN RELATION TO OUR "RETAIL" THRIFT TRADE. APPROXIMATELY 9,000 PEOPLE VISITED OUR THIFT STORE DURING THE FISCAL YEAR.
WE HAVE PROVIDED ASSISDTANCE TO APPROXIMATELY 42 INDIVIDUALS OR FAMILIES DURING THIS FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendall Kestler President | OfficerTrustee | 40 | $71,450 |
Nathan Kestler Vice President | OfficerTrustee | 40 | $34,229 |
Shanna Kestler Treasurer | OfficerTrustee | 8 | $6,459 |
Debra Duesing Secretary | OfficerTrustee | 8 | $750 |
Judy Vetterkind Direcotr | Trustee | 25 | $14,734 |
Jack Arnold Director | Trustee | 8 | $500 |
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 | $667,666 |
| Noncash contributions included in lines 1a–1f | $667,666 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $667,666 |
| Total Program Service Revenue | $0 |
| Investment income | $1,490 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,211 |
| 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 | $681,413 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,175 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $138,698 |
| Compensation of current officers, directors, key employees. | $43,218 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $277,019 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $35,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,571 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,086 |
| Office expenses | $7,550 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,576 |
| Travel | $3,610 |
| 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 | $37,618 |
| Insurance | $14,907 |
| All other expenses | $0 |
| Total functional expenses | $629,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,742 |
| Savings and temporary cash investments | $144,866 |
| 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 | $47,500 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $452,166 |
| Investments—publicly traded securities | $98,079 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $482 |
| Total assets | $912,835 |
| Accounts payable and accrued expenses | $2,825 |
| 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 | $900 |
| Total liabilities | $3,725 |
| Net assets without donor restrictions | $0 |
| 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 | $909,110 |
| Total liabilities and net assets/fund balances | $912,835 |