Faith At Work Inc
- Assets
- $27.5k
- Revenue
- $194.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 46-2752338
Organization Overview
Faith At Work Inc is located in Des Moines, IA. The organization was established in 2014. 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. Faith At Work 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 12/2022, Faith At Work Inc generated $194.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $221.4k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FAITH AT WORK'S MISSION IS TO CONNECT, INSPIRE AND SERVE BUSINESS LEADERS TO IMPLEMENT BIBLICAL BUSINESS PRINCIPALS AND ETHICS IN THE WORKPLACE. ALSO, PUBLISHING INSPIRED MAGAZINE DISTRIBUTED FOR FREE IN THE COMMUNITY AND PROVIDING ORGANIZATION SUPPORT TO OTHER CHRISTIAN NONPROFITS SERVING THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH YEAR, FAITH AT WORK FOCUSES ON SERVING SEVERAL INDIVIDUAL NONPROFITS WITH SERVICES TO SUPPORT THEIR BOARD DEVELOPMENT, MARKETING, AND GUIDE FUNDRAISING EVENTS. SOME NONPROFITS PROVIDE REVENUE FOR SERVICES PROVIDED, WHILE DONATED SERVICES ARE PROVIDED TO OTHERS. FAITH AT WORK DEDICATED 65% ($103,336) IN PAYROLL EXPENSES RELATED TO THESE SERVICES.
FAITH AT WORK PROVIDES ADMINISTRATIVE, PROGRAM, MARKETING, AND FISCAL SUPPORT TO THE IOWA CHRISTIAN GENEROSITY COUNCIL, A COALITION OF 36 CHRISTIAN 501(C)(3) NONPROFITS THAT MEET TO ENCOURAGE ONE-ANOTHER AND BUILD THE SPIRIT OF GENEROSITY IN THE COMMUNITY. FAITH AT WORK DEDICATED 25% ($37,745) OF THEIR TOTAL PAYROLL EXPENSES AND ANOTHER $41,7557 IN EXPENSES TOWARDS ICGC.
DONATIONS AND GRANTS IN SUPPORTING CHARITABLE CAUSES IS A PRIORITY, AND FAITH AT WORK FINANCIALLY GIVES BACK TO A NUMBER OF NONPROFIT CAUSES AND MINISTRIES EACH YEAR. FAITH AT WORK CONTRIBUTED A TOTAL OF $9,551 IN CHARITABLE DONATIONS AND GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Brunscheen Executive Director | Trustee | 48 | $125,301 |
Steve Risewick President | 1 | $0 | |
Sj Risewick Vice President | 1 | $0 | |
Tyler S Wilson Treasurer | 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 | $53,913 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,913 |
| Total Program Service Revenue | $140,748 |
| Investment income | $0 |
| 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 | $194,661 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,551 |
| 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. | $125,300 |
| Compensation of current officers, directors, key employees. | $125,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $26,000 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $527 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,122 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,002 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,932 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $221,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,535 |
| Savings and temporary cash investments | $0 |
| 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 | $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 | $27,535 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $27,535 |
| Total liabilities and net assets/fund balances | $27,535 |