The Institute For Faith Work & Economics Inc
- Assets
- $14.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Vienna, VA
- Founding
- 08/2011
- Data as of
- 12/2021
- EIN
- 45-2481867
Organization Overview
The Institute For Faith Work & Economics Inc is located in Vienna, VA. The organization was established in 2011. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Faith Work & Economics 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, Institute For Faith Work & Economics Inc generated $93.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (36.6%) each year. All expenses for the organization totaled $51.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (41.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
RELIGIOUS AND EDUCATIONAL PROGRAMS DESIGNED TO HELP THEOLOGIANS, SCHOLARS, PASTORS, STUDENTS, AND BUSINESS PROFESSIONALS UNDERSTAND THE BIBLICAL FOUNDATIONS OF WHOLE-LIFE STEWARDSHIP AND FLOURISHING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Brooks Chairman | 1 | $0 | |
Hugh Whelchel Executive Director/treasurer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,633 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,555 |
| Total Revenue | $93,639 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $24,150 |
| Occupancy, rent, utilities, and maintenance | $10,501 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,607 |
| Total expenses | $51,258 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,050 |
| Other assets | $0 |
| Total assets | $14,850 |
| Total liabilities | $47,593 |
| Net assets or fund balances | -$32,743 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Institute For Faith Work & Economics Inc has recieved totaling $30,300.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $30,300 |
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