Faith Hope And Love Foundation
- Assets
- $4.8m
- Revenue
- $277.8k
- Investments
- $4.3m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 12/1996
- Data as of
- 12/2023
- EIN
- 41-1852802
Organization Overview
Faith Hope And Love Foundation is located in Minneapolis, MN. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 Hope And Love 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 12/2023, Faith Hope And Love Foundation generated $277.8k 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 (7.6%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Faith Hope And Love Foundation has awarded 55 individual grants totaling $1,059,249. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy C Geoffrion Chief Executive Officer | 0 | $0 | |
Jill Kh Geoffrion Chief Executive Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $237,633 |
| Interest on Savings | $8,007 |
| Dividends & Interest | $97,614 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$69,801 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,371 |
| Total Revenue | $277,824 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $6,464 |
| Taxes | $5,365 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,153,480 |
| Total operating and administrative expenses | $1,193,678 |
| Contributions, gifts, grants paid | $274,973 |
| Total expenses and disbursements | $1,468,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,710 |
| Savings and temporary cash investments | $542,813 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,266,512 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,828,035 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Faith Hope And Love Foundation has awarded $274,973 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
KAWTHOOLEI HOPE THEOLOGICAL SEMINARY PURPOSE: EDUCATION | $15,000 |
BIBLICA PURPOSE: TRANSLATES AND DISTRIBUTES BIBLES AROUND THE WORLD | $5,000 |
FAITH HOPE AND LOVE GLOBAL MINISTRIES PURPOSE: TEACHING AND INSPIRING AND ENCOURAGING MINISTRY AND LEADERS TO SERVE CHRIST MORE EFFECTIVELY | $20,000 |
CENTER FOR VICTIMS OF TORTURE PURPOSE: DIRECT CARE FOR THOSE IN THE US AND AROUND THE WORLD TO END TORTURE WORLD WIDE | $50,000 |
FAMILY HOPE SERVICESTREEHOUSE - STAFF SUPPORT PURPOSE: FAITH BASED HOPE AND GUIDANCE TO HURTING TEENS | $8,000 |
FAMILY HOPE SERVICESTREEHOUSE - CORPORATE PURPOSE: FAITH BASED HOPE AND GUIDANCE TO HURTING TEENS | $12,000 |