Faith And Money Network Inc
- Assets
- $412.9k
- Revenue
- $222.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Washington, DC
- Founding
- 01/1982
- Data as of
- 12/2021
- EIN
- 52-1233082
Organization Overview
Faith And Money Network Inc is located in Washington, DC. The organization was established in 1982. According to its NTEE Classification (X20) the organization is classified as: Christianity, 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 And Money Network 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, Faith And Money Network Inc generated $222.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $145.1k during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENABLE PEOPLE TO WRESTLE THROUGH TO AN AUTHENTIC FAITH PERSPECTIVE ON MONEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKSHOPS/RETREATS: PROVIDING A SAFE PLACE FOR PEOPLE TO COME ON RETREAT TO EXPLORE THEIR ISSUES, FEELINGS AND ATTITUDES RELATED TO ITS USE FROM PERSONAL AND CORPORATE PERSPECTIVES, BASED ON AN UNDERSTANDING OF THE BIBLE.
TRIPS OF PERSPECTIVE: INVOLVES TAKING PEOPLE TO THIRD WORLD COUNTRIES TO WORK "HANDS ON" WITH THE POOREST OF THE POOR AND TO BE A PRESENCE TO THOSE IN NEED. THE TRIP SEEKS TO BRIDGE THE GAP BETWEEN THE WEALTHY AND THE POOR.
NEWLETTER AND OTHER LITERATURE: WE HAVE A MAILING LIST OF ABOUT 6000, MOSTLY IN NORTH AMERICA. WE DISTRIBUTE VIA EMAIL A MONTHLY NEWSLETTER ALONG WITH OTHER WRITTEN PIECES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Taylor President | OfficerTrustee | 5 | $0 |
Kaci Jensen Treasurer | OfficerTrustee | 5 | $0 |
Judy Osgood Secretary | OfficerTrustee | 5 | $0 |
Susan Taylor Vice Preside | OfficerTrustee | 5 | $0 |
Mark Ewert Director | Trustee | 1 | $0 |
Evan G Collins Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $204,243 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205,243 |
| Total Program Service Revenue | $14,061 |
| Investment income | $1,909 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $222,907 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,072 |
| Pension plan accruals and contributions | $11,160 |
| Other employee benefits | $7,910 |
| Payroll taxes | $5,067 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,687 |
| Travel | $0 |
| 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 | $648 |
| Insurance | $1,450 |
| All other expenses | $11,838 |
| Total functional expenses | $145,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325,558 |
| Savings and temporary cash investments | $80,100 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,938 |
| 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 | $1,684 |
| Net Land, buildings, and equipment | $2,592 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $412,872 |
| Accounts payable and accrued expenses | $4,760 |
| Grants payable | $0 |
| Deferred revenue | $1,800 |
| 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 | $6,560 |
| Net assets without donor restrictions | $344,991 |
| Net assets with donor restrictions | $61,321 |
| 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 | $412,872 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Faith And Money Network Inc has recieved totaling $14.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Faith Ministries Inc Norfolk, VA | $10,805,826 | $50,029,760 |
Strategic Resource Group Inc Easton, MD | $12,208,514 | $28,797,480 |
Word Among Us Inc Frederick, MD | $22,622,798 | $15,315,908 |
Sat-7 North America Easton, MD | $8,795,990 | $14,809,049 |
Advancing Native Missions Afton, VA | $4,333,922 | $11,124,622 |
National Pro-Life Alliance Springfield, VA | $3,799,169 | $8,934,186 |
Acca Inc Annandale Christian Community For Action Annandale, VA | $4,445,077 | $8,164,971 |
Christian Light Publications Inc Harrisonburg, VA | $15,496,794 | $6,422,762 |
Loudoun Hunger Relief Leesburg, VA | $4,570,067 | $6,272,637 |
Lutheran Services In America Incorporated Washington, DC | $9,473,369 | $6,431,883 |
Morning Cheer Inc North East, MD | $7,322,527 | $4,193,829 |
Evangelical Council For Financial Accountability Winchester, VA | $4,988,846 | $4,790,236 |