Fahrenheit
- Assets
- $55.1k
- Revenue
- $264.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Norman, OK
- Founding
- 01/2015
- Data as of
- 12/2022
- EIN
- 47-0999852
Organization Overview
Fahrenheit is located in Norman, OK. The organization was established in 2015. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Fahrenheit employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fahrenheit 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, Fahrenheit generated $264.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $300.9k during the year ending 12/2022. While expenses have increased by 12.4% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FAHRENHEITS PURPOSE IS TO DEVELOP MENTORING AS A WAY TO IMPACT AND INFLUENCE COMMUNITIES THROUGH TRAINING, PARTNERING, AND MODELING. WE DEVELOP MENTORING CATALYSTS IN ORDER TO HELP FULFILL OUR MISSION OF CHANGING SOCIETY THROUGH AUTHENTIC RELATIONSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1 PERSONAL MENTORING IS OUR LARGEST PROGRAM. ON AVERAGE, 485 MENTORING MEETINGS PER YEAR TAKE PLACE BY FAHRENHEIT EMPLOYEES, VOULUNTEERS AND INDEPENDENT CONTRACTORS. EACH MENTORED PERSON IS OFFERED ANYWHERE FROM 1-3 HOURS OF TIME EACH MENTORING MEETING. THERE IS NO CHARGE FOR MENTORING MEETINGS. TOPICS USUALLY CENTER AROUND ONE OR MORE OF OUR SIX AREAS OF FOCUS: SPIRITUAL, PROFESSIONAL, RELATIONAL, EMOTIONAL, PHYSICAL AND MENTAL. MEETINGS TAKE PLACE USUALLY IN CAFES, PERSONAL HOMES OR CONDUCTED ONLINE. MENTORING REACHES THE USA, PORTUGAL, THE NETHERLANDS, ENGLAND, AUSTRIA, SRI LANKA, SCOTLAND AND GERMANY.
2 MENTORING TRAINING IS OUR ORGANIZATIONS SECOND LARGEST PROGRAM SERVICE REACHING 750 PEOPLE. MENTORS RECEIVED ONGOING TRAINING DURING THE YEAR BY FAHRENHEIT EMPLOYEES OR INDEPENDENT CONTRACTORS. IN ADDITION, OVER 24,000 SOCIAL MEDIA POSTS WERE SEEN WITH MENTORING CONTENT, OVER 5,700 WEEKLY TOOLS WERE DISTRTIBUTED VIA EMAIL, AND APPROXIMATELY 1,500 PODCASTS IWTH MENTORING TRAINING WERE DOWNLOADED.
3 MENTORING PARTNERSHIPS ARE THE THIRD LARGEST PROGRAM SERVICE PROVIDED BY FAHRENHEIT. FAHRENHEIT HAS BUSINESS, CHURCH AND FINANCIAL PARTNERS. BUSINESS/CHURCH PARTNERSHIPS ARE LIKE MINDED ENTITIES WHO ADHERE TO THE BIBLICAL MENTORING PRINCIPLES OF FAHRENHEIT. THEY REGULARLY RECEIVE MENTORING TRAINING AND HAVE AN ONGOING PROFESSIONAL RELATIONSHIP WITH FAHRENHEIT. FINANCIAL PARTNERS CONSIST OF OVER 114 INDIVIDUALS, CHURCHES, BUSINESSES, TRUSTS OR OTHER GIVING FORUMS THAT HELP TO FINANCIALLY SUPPORT MENTORING CAUSES THROUGH ACTIVE PARTICIPATION IN THE WORK OF FAHRENHEIT. PARTNERS ARE BEING KEPT IN TOUCH THROUGH EMAIL COMMUNICATION, YEARLY UPDATES, YEARLY APPLICATION RENEWAL FOR THOSE WHO REQUIRE RENEWAL FOR FINANCIAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leah Gatlin Board Member | Trustee | 0 | $0 |
Kyle Drew Board Member | Trustee | 0 | $0 |
Chris Elledge CEO And Co-Founder | Officer | 50 | $0 |
Lori Kenney CFO | Officer | 4 | $0 |
Christina Elledge COO And Co-Founder | Officer | 30 | $0 |
John Irwin Logistics Coordinator | Officer | 12 | $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 | $264,927 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $264,927 |
| Total Program Service Revenue | $0 |
| 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 | $264,927 |
| 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. | $118,026 |
| Compensation of current officers, directors, key employees. | $112,135 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,307 |
| Payroll taxes | $2,100 |
| Fees for services: Management | $158,573 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,248 |
| 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 | $1,757 |
| All other expenses | $3,063 |
| Total functional expenses | $300,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,640 |
| 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 | $5,442 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $55,082 |
| Accounts payable and accrued expenses | $16 |
| 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 | $16 |
| Net assets without donor restrictions | $55,066 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $55,082 |