Friends Of Forman Christian College Inc
- Assets
- $4.7m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Atlanta, GA
- Founding
- 10/2005
- Data as of
- 06/2022
- EIN
- 54-2090435
Organization Overview
Friends Of Forman Christian College Inc is located in Atlanta, GA. The organization was established in 2005. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Friends Of Forman Christian College Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Forman Christian College 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 06/2022, Friends Of Forman Christian College Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 4.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDS OF FORMAN CHRISTIAN COLLEGE IS DEDICATED TO SUPPORTING THE HIGH-QUALITY EDUCATIONAL MISSION OF FORMAN CHRISTIAN COLLEGE TO DEVELOP INFORMED, ETHICAL AND RESPONSIBLE CITIZENS OF PAKISTAN WHO EXEMPLIFY THE FCCU MOTTO, "BY LOVE SERVE ONE ANOTHER."
Describe the Organization's Program Activity:
FRIENDS OF FORMAN CHRISTIAN COLLEGE (FFCC) RAISES FUNDS SOLELY TO SUPPORT THE MISSION AND PROGRAM SERVICE OF FORMAN CHRISTIAN COLLEGE IN LAHORE, PAKISTAN. THROUGH GIFTS AND GRANTS OF GENEROUS DONORS, FFCC FUNDED SCHOLARSHIPS, LEADERSHIP SUPPORT, CAPITAL PROJECTS, AND PROGRAMMATIC SUPPORT AT FORMAN. THESE GRANTS HELPED FORMAN FUND A 15% INCREASE IN SCHOLARSHIPS FROM THE PREVIOUS YEAR WHILE CONTINUING TO PROVIDE QUALITY EDUCATION TO ALL 8,564 STUDENTS ENROLLED AT FORMAN. THROUGH THE FREE TO FLOURISH CAMPAIGN, ANOTHER $900,000 OF FUNDS WERE GRANTED TO FORMAN THIS YEAR FOR THE CONTINUED CONSTRUCTION OF A CAMPUS CENTER, BRINGING THE TOTAL RAISED FOR THIS PROJECT TO MORE THAN $9.8 MILLION. THE CAMPUS CENTER IS SCHEDULED TO BE COMPLETED IN SPRING 2023. FOR A FULL REPORT OF ACCOMPLISHMENTS, PLEASE SEE FFCC'S 2022 ANNUAL REPORT ONLINE AT WWW.FRIENDSOFFORMAN.ORG/PUBLICATIONS/ANNUALREPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jonathan Addleton Director, Rector | Trustee | 40 | $175,136 |
Rev Samuel A Schreiner III Executive Director | Officer | 40 | $162,960 |
Sandy O'meara CFO And Board Secretary | Officer | 20 | $33,850 |
Gaylen Baxter Chair | OfficerTrustee | 2 | $0 |
Rev Dr David Renwick Vice Chair | OfficerTrustee | 2 | $0 |
Stephen Rasmussen Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,430 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,401,557 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,474,987 |
| Total Program Service Revenue | $0 |
| Investment income | $17,076 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,500,363 |
| 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 | $1,677,136 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $459,600 |
| Compensation of current officers, directors, key employees. | $86,983 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,484 |
| Pension plan accruals and contributions | $9,710 |
| Other employee benefits | $15,716 |
| Payroll taxes | $24,053 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $45,658 |
| Office expenses | $51,852 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,522 |
| 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 | $751 |
| Insurance | $6,187 |
| All other expenses | $13,154 |
| Total functional expenses | $2,457,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,533 |
| Savings and temporary cash investments | $3,507,800 |
| Pledges and grants receivable | $197,815 |
| 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 | $1,306 |
| Investments—publicly traded securities | $889,678 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,677,132 |
| Accounts payable and accrued expenses | $8,569 |
| Grants payable | $172,746 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $769,918 |
| 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 | $951,233 |
| Net assets without donor restrictions | $1,566,208 |
| Net assets with donor restrictions | $2,159,691 |
| 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 | $4,677,132 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Friends Of Forman Christian College Inc has recieved totaling $421,358.
| Awarding Organization | Amount |
|---|---|
Stewardship Foundation C D A B & W T Weyerhaeuser Ttees Tacoma, WA PURPOSE: HELPING FORMAN CHRISTIAN COLLEGE IN THREE WAYS: RECTOR SUPPORT; THE TSA-HOSTEL PROJECT; COMPLETING THE CAMPUS CENTER | $150,000 |
Jean & E Floyd Kvamme Foundation Scotts Valley, CA PURPOSE: RELIGIOUS | $150,000 |
Tyndale House Ministries Carol Stream, IL PURPOSE: General program support | $29,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $29,000 |
Weyerhaeuser Family Foundation Inc St Paul, MN PURPOSE: DISRUPTING BRICK KILN DEBT BONDAGE BY LAUNCHING FEMALE ENTREPRENEURS | $25,000 |
Orlean And Ralph W Beeson Fund Birmingham, AL PURPOSE: UNRESTRICTED SCHOLARSHIPS FOR STUDENTS WITH FINANCIAL NEED | $8,000 |
Endowment Analysis
| Beg. Balance | $915,384 |
| Earnings | -$125,814 |
| Net Contributions | $124,710 |
| Other Expense | $24,602 |
| Ending Balance | $889,678 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Dade College Foundation Inc Miami, FL | $203,072,980 | $26,102,618 |
The Lord Foundation Of North Carolina Durham, NC | $23,094,681 | $641,441 |
Oxbridge Academy Foundation Inc West Palm Beach, FL | $65,288,192 | $19,905,008 |
University Of West Florida Foundation Inc Pensacola, FL | $164,565,433 | $23,515,652 |
University Of North Carolina At Greensboro Investment Fund Inc Greensboro, NC | $369,290,686 | $22,759,163 |
Building Equity Sooner For Tomarrow Greenville, SC | $493,697,004 | $17,744,355 |
Appalachian State University Foundation Inc Boone, NC | $159,413,962 | $18,404,104 |
Gator Boosters Inc Gainesville, FL | $35,445,358 | $17,089,938 |
University Of North Carolina Chapel Hill Arts And Sciences Foundation Chapel Hill, NC | $518,992,807 | $33,231,064 |
The University Of North Florida Foundation Inc Jacksonville, FL | $189,463,504 | $37,925,600 |
Usf Health Professions Conferencing Corporation Tampa, FL | $17,834,474 | $17,025,476 |
Florida Agricultural & Mechanical Univ Foundation Inc Tallahassee, FL | $165,576,820 | $45,594,915 |