Faculty Benevolent Association Inc
- Assets
- $207.7k
- Revenue
- $148.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Pella, IA
- Founding
- 08/1991
- Data as of
- 12/2021
- EIN
- 42-1324634
Organization Overview
Faculty Benevolent Association Inc, operating under the name The Work Of Our Hands, is located in Pella, IA. The organization was established in 1991. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Work Of Our Hands employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Work Of Our Hands 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, Work Of Our Hands generated $148.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $104.5k during the year ending 12/2021. While expenses have increased by 2.2% 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
THE WORK OF OUR HANDS IS A NONPROFIT RETAIL OUTLET, SUPPORTED BY VOLUNTEERS, WHICH MARKETS HANDCRAFTS MADE BY POOR ARTISANS IN DEVELOPING COUNTRIES AND PARTS OF THE UNITED STATES. PURCHASING THROUGH FAIR TRADE ORGANIZATIONS (FTOS) ASSURES THAT THE ARTISANS RECEIVE A FAIR PRICE FOR THEIR PRODUCTS. THE WORK OF OUR HANDS IS AN ECUMENICAL CHRISTIAN MISSION. IT LINKS INDIVIDUALS FROM VARIOUS CHURCHES AND BACKGROUNDS WITHIN THE PELLA AREA IN A COMMON CONCERN FOR THE WORLD'S POOR. IT RELIES ON FTOS WORKING WITH ECONOMICALLY DISADVANTAGED PEOPLE; HELPING THE POOR AND HUNGRY SUPPORT THEMSELVES. PEOPLE OF MANY NATIONS JOIN TOGETHER IN AN ACTIVE VENTURE OF LOVE AND HOPE. THE WORK OF OUR HANDS IS AN EDUCATIONAL MISSION. IT PROVIDES INFORMATION TO VOLUNTEERS, CUSTOMERS AND THE COMMUNITY ABOUT THE ECONOMICALLY DISADVANTAGED ARTISANS AND THE CONDITIONS UNDER WHICH THEY WORK AND LIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE WORK OF OUR HANDS RETAIL STORE. STORE SELLS GOODS PURCHASED FROM ORGANIZATIONS IN THIRD WORLD AND DEVELOPING COUNTRIES TO SUPPORT THEIR INDEPENDENT LIVING. PROFITS ARE DONATED TO OTHER ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maggie Schlermann Treasurer | OfficerTrustee | 1 | $0 |
Karen Spoelstra President | OfficerTrustee | 1 | $0 |
Jim Zaffiro Secretary | OfficerTrustee | 1 | $0 |
Andrew Aeilts Vice Preside | OfficerTrustee | 1 | $0 |
Liz Vande Kieft Director | Trustee | 1 | $0 |
George Nwaogu Director | Trustee | 1 | $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 | $63 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63 |
| Total Program Service Revenue | $0 |
| Investment income | $1,925 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $420 |
| 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 | $146,021 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $148,429 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,012 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,367 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $859 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,193 |
| 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 | $3,737 |
| All other expenses | $4,545 |
| Total functional expenses | $104,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,681 |
| Savings and temporary cash investments | $20,000 |
| 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 | $37,790 |
| Prepaid expenses and deferred charges | $210 |
| 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 | $207,681 |
| Accounts payable and accrued expenses | $631 |
| 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 | $4,886 |
| Total liabilities | $5,517 |
| 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 | $202,164 |
| Total liabilities and net assets/fund balances | $207,681 |
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