Faith And Life Inc
- Assets
- $272.5k
- Revenue
- $472.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Newton, KS
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 47-4045305
Organization Overview
Faith And Life Inc is located in Newton, KS. The organization was established in 2016. 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. As of 12/2023, Faith And Life Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith And Life 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 12/2023, Faith And Life Inc generated $472.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $481.7k during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BE AN ARM OF THE CHURCH BY SELLING RELIGOUS BOOKS AND MATERIALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF FAITH AND LIFE INC. IS TO ENCOURAGE, INSPIRE, AND STRENGTHEN THE FAITH OF INDIVIDUALS IN NEWTON AND THE SURROUNDING COMMUNITIES. WE SEEK TO BE A RESOURCE FOR CHURCH MEMBERS AND NON- MEMBERS THROUGH THE SALES OF BOOKS, MUSIC, GREETING CARDS, AND OTHER INSPIRATIONAL GIFTS AND TO PARTNER WITH LOCAL CHURCH AND ORGANIZATIONS TO POSITIVELY IMPACT THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lois Friesen President | Officer | 0 | $0 |
Elisabeth Pauls Treasurer | Officer | 0 | $0 |
Milton Claassen Secretary | Officer | 0 | $0 |
Dewayne Pauls Director | Trustee | 0 | $0 |
Joe Friesen Director | Trustee | 0 | $0 |
Justin Martin Director | Trustee | 0 | $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 | $42,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,900 |
| Total Program Service Revenue | $429,521 |
| 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 | $472,421 |
| 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. | $35,096 |
| Compensation of current officers, directors, key employees. | $7,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,802 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,237 |
| 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 | $15,917 |
| Office expenses | $1,771 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,002 |
| Travel | $1,008 |
| 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 | $3,042 |
| All other expenses | $310,694 |
| Total functional expenses | $481,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,948 |
| Savings and temporary cash investments | $15,210 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,413 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $241,919 |
| 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 | $272,490 |
| Accounts payable and accrued expenses | $3,235 |
| Grants payable | $0 |
| Deferred revenue | $19,959 |
| 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 | $126,997 |
| Other liabilities | $0 |
| Total liabilities | $150,191 |
| 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 | $122,299 |
| Total liabilities and net assets/fund balances | $272,490 |