Faithworks Of The Inner City Inc is located in Oklahoma City, OK. The organization was established in 2003. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 12/2023, Faithworks Of The Inner City Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faithworks Of The Inner City 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, Faithworks Of The Inner City Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 3.8% 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
SPREADING THE GOSPEL OF JESUS CHRIST TO INNER CITY CHILDREN AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPREADING THE GOSPEL OF JESUS CHRIST TO INNER CITY CHILDREN AND THEIR FAMILIES AND TO OFFER MINISTRY OPPORTUNITIES.
ESTABLISHED AND OPERATED A CLASS FOR MOTHERS AND THREE YEAR OLDS TO GET THEM READY FOR SCHOOL AS FOUR YEAR OLDS.
CREATED A THRIFT STORE TO PROVIDE TRAINING IN DISTRIBUTIVE TRADES FOR STUDENTS INVOLVED IN PROGRAM ACTIVITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sally Goin Exeutive Director | Officer | 40 | $53,089 |
Kevin Slemp Director | Trustee | 1 | $30,257 |
Megan Slemp Director | Trustee | 1 | $0 |
Gonzalo Vasquez Director | Trustee | 1 | $0 |
Gary Courtney Director | Trustee | 1 | $0 |
Dustin Anderson Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $136,920 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,514,728 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,651,648 |
Total Program Service Revenue | $169,550 |
Investment income | $14,737 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $2,400 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$40,150 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,799,903 |
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. | $53,090 |
Compensation of current officers, directors, key employees. | $21,236 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $349,434 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $53,447 |
Payroll taxes | $30,795 |
Fees for services: Management | $0 |
Fees for services: Legal | $3,649 |
Fees for services: Accounting | $725 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $87,063 |
Advertising and promotion | $0 |
Office expenses | $17,359 |
Information technology | $754 |
Royalties | $0 |
Occupancy | $207,148 |
Travel | $399 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,073 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $35,646 |
Insurance | $3,843 |
All other expenses | $16,242 |
Total functional expenses | $1,243,812 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $175,350 |
Savings and temporary cash investments | $2,305,315 |
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 | $3,028,776 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $335,463 |
Total assets | $5,844,904 |
Accounts payable and accrued expenses | $7,573 |
Grants payable | $0 |
Deferred revenue | $24,896 |
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 | $32,469 |
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 | $5,812,435 |
Total liabilities and net assets/fund balances | $5,844,904 |