Faith Hope & Love Foundation
- Assets
- $3.4m
- Revenue
- $527.7k
- Investments
- $1.8m
- Employees
- 0
- Location
- Carlsbad, NM
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 46-5394469
Organization Overview
Faith Hope & Love Foundation is located in Carlsbad, NM. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith Hope & 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 12/2021, Faith Hope & Love Foundation generated $527.7k 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 (12.9%) each year. All expenses for the organization totaled $892.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Faith Hope & Love Foundation has awarded 71 individual grants totaling $2,601,762. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRITTANY'S HOPE, FOUNDED IN 2017, IS DEDICATED TO PROVIDING FINANCIAL SUPPORT TO INDIVIDUALS WITH CANCER
FAITH HOPE & LOVE FOUNDATION (ORGANIZATION) IS A NON- PROFIT ORGANIZATION SERVING THE GREATER CARLSBAD COMMUNITY. BELEIVING IN CHRIST'S CALL TO LOVE AND SERVE OTHERES, THE FAITH HOPE & LOVE FOUNDATION IS DEDICATED TO OFFERING ASSISTANCE IN PROVIDING THE BASIC NEEDS AND SUPPORT FOR THE MOST VULNERABLE AND INCOME DISADVANTAGED. THIS INCLUDES, BUT IS NOT LIMITED TO: HOMELESS, ELDERLY, VETERANS, CHILDREN, SCHOOLS, FAMILIES IN CRISIS, AND OTHER BENEVOLENT ORGANIZATIONS WITH SIMILAR MISSIONS. THE ORGANIZATION'S PROVIDES ASSISTANCE IN TIMES OF FINANCIAL DISTRESS BY ASSISTING INDIVIDUALS WITH THE FOLLOWING NEEDS: FOOD (PANTRY REFERRALS), SHELTER (RENT/MORTGAGE AND/OR BASIC HOME REPAIR - NOT REMODELING), CLOTHING, EDUCATIONAL SHCOLARSHIP/FINANCIAL ASSISTANCE, LIFE SKILLS, FINANCIAL COUNSELING/BUDGETING, MENTORING, AND/OR OTHER BASIC HUMAN NEEDS. IT IS OUR HOPE TO EXTEND THE RESOURCES BESTOWED ON US TO THE INDIVIDUALS OF THIS COMMUNITY, THAT WE MIGHT BE A DIRECT REFLECTION OF LOVE AND GRACE ON J
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alana Gregory-Carreon President | 0 | $28,846 | |
Lane Martin Director | 0 | $0 | |
Kali Hughes Director | 0 | $0 | |
Vance Jenkins Director | 0 | $0 | |
Jason Shirley Director | 0 | $0 | |
Donny Gregory Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $461,033 |
| Interest on Savings | $11,926 |
| Dividends & Interest | $40,785 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,484 |
| Capital Gain Net Income | $7,484 |
| Net ST Capital Gain | $7,393 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,491 |
| Total Revenue | $527,719 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,846 |
| Other employee salaries and wages | $102,825 |
| Pension plans, employee benefits | $12,946 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $17,150 |
| Occupancy | $14,650 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34,334 |
| Total operating and administrative expenses | $230,388 |
| Contributions, gifts, grants paid | $661,606 |
| Total expenses and disbursements | $891,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $449,208 |
| Savings and temporary cash investments | $553,891 |
| Net Accounts receivable | $26,048 |
| Net Pledges Receivable | $25,025 |
| 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 | $93,737 |
| Net Land, buildings, and equipment | $464,492 |
| Other assets | $3,900 |
| Total assets | $3,351,453 |
| Accounts payable and accrued expenses | $6,520 |
| 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 | $6,520 |
Grants Awarded
Over the last fiscal year, Faith Hope & Love Foundation has awarded $660,606 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
INDIGENT - SHELTER ASSISTANCE PURPOSE: TEMPORARY ASSISTANCE | $178,146 |
INDIGENT - EDUCATION ASSISTANCE PURPOSE: TEMPORARY ASSISTANCE | $129,131 |
INDIGENT - FOOD ASSISTANCE PURPOSE: TEMPORARY ASSISTANCE | $126,962 |
INDIGENT-CANCER PATIENTS PURPOSE: TEMP FINANCIAL ASSISTANCE | $96,956 |
INDIGENT - UTILITIES ASSISTANCE PURPOSE: TEMPORARY ASSISTANCE | $45,650 |
BACKPACKS FOR HUNGER PURPOSE: GENERAL FUND | $24,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Faith Hope & Love Foundation has recieved totaling $65,500.
| Awarding Organization | Amount |
|---|---|
Gods Light In The Darkness Foundation Carlbad, NM PURPOSE: GENERAL SUPPORT | $60,000 |
Carlsbad Community Foundation Inc Carlsbad, NM | | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Social Service Of The South Inc Austin, TX | $61,046,286 | $96,832,412 |
Portable Practical Educational Preparation Inc Tucson, AZ | $20,477,573 | $94,704,086 |
El Centro Del Barrio Inc San Antonio, TX | $91,252,083 | $101,246,096 |
Chicanos Por La Causa Inc Phoenix, AZ | $7,948,599,708 | $121,803,796 |
Community Action Project Of Tulsa County Inc Tulsa, OK | $75,774,694 | $60,674,476 |
St Hope Foundation Inc Houston, TX | $24,463,545 | $68,716,621 |
South Plains Community Action Association Inc Levelland, TX | $29,457,762 | $62,394,779 |
Community Action Corporation Of South Texas Alice, TX | $17,286,971 | $61,888,354 |
Catholic Charities Of Dallas Inc Dallas, TX | $38,189,744 | $60,557,267 |
Arizonas Children Association Tucson, AZ | $18,515,748 | $50,621,725 |
Arizona Community Action Association Inc Phoenix, AZ | $37,430,688 | $47,071,381 |
The 3000 Club Phoenix, AZ | $240,575 | $38,689,440 |