Wichita Falls Faith Mission Inc
- Assets
- $6.7m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 107
- Location
- Wichita Falls, TX
- Founding
- 11/1981
- Data as of
- 06/2023
- EIN
- 75-1779401
Organization Overview
Wichita Falls Faith Mission Inc is located in Wichita Falls, TX. The organization was established in 1981. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2023, Wichita Falls Faith Mission Inc employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wichita Falls Faith Mission 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 06/2023, Wichita Falls Faith Mission Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $3.7m during the year ending 06/2023. While expenses have increased by 8.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR VISION IS TO ELIMINATE HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH ITS TWO SHELTERS FAITH MISSION FOR MEN AND FAMILIES AND FAITH REFUGE FOR WOMEN AND CHILDREN, WICHITA FALLS FAITH MISSION, INC. PROVIDES CHRIST-CENTERED PROGRAMS AND SERVICES THAT LEAD THE HOMELESS AND ADDICTED TOWARD SELF-SUFFICIENCY. TOTAL MEALS SERVED 145,852 NIGHTS OF SHELTER FOR MEN 22,433 NIGHTS OF SHELTER FOR WOMEN 18,206 NIGHTS OF SHELTER FOR CHILDREN 3,369 ENTERED ADDICTION RECOVERY PROGRAM 91
WITH COMPASSION AND GRACE, WE ARE HERE TO HELP THOSE IN NEED RE-BUILD THEIR LIVES. WITH JESUS AS OUR EXAMPLE AND THE BIBLE AS OUR GUIDE WE SEEK TO EMPOWER MEN AND WOMEN THROUGH SPIRITUAL, PROFESSIONAL, AND EDUCATIONAL GROWTH PROGRAMS IN A FAITH-BASED ATMOSPHERE.
FAITH RESALE IS A SOCIAL ENTERPRISE PROGRAM WHERE DONATED CLOTHING AND HOUSEHOLD ITEMS ARE SOLD. 100 PERCENT OF THE PROFIT FROM THE STORE ARE USED TO HELP WITH THE OPERATING COST OF THE TWO SHELTERS, FAITH MISSION AND FAITH REFUGE. THE STORE IS ALSO USED FOR TRAINING FOR THE MEN AND WOMEN AS PART OF THE JOB READINESS PROGRAM. HERE THEY LEARN JOB SKILLS LIKE BEING DEPENDABLE, BEING RELIABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Wood Chairman | OfficerTrustee | 2 | $0 |
Jennifer Estes Vice Chairman | OfficerTrustee | 1 | $0 |
David Welch Treasurer | OfficerTrustee | 1 | $0 |
Will Clark Director | Trustee | 1 | $0 |
Taz Ellett Director | Trustee | 1 | $0 |
Tony Fidelie Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $259,766 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,288,138 |
| Noncash contributions included in lines 1a–1f | $1,609,909 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,547,904 |
| Total Program Service Revenue | $20,925 |
| Investment income | $16,654 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $805 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,872 |
| Net Income from Fundraising Events | -$9,399 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $321,269 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,906,208 |
| 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. | $80,731 |
| Compensation of current officers, directors, key employees. | $48,439 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,572,259 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $98,057 |
| Payroll taxes | $141,753 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,222 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $166,774 |
| Office expenses | $192,723 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $438,047 |
| Travel | $1,285 |
| 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 | $284,475 |
| Insurance | $114,519 |
| All other expenses | $13,714 |
| Total functional expenses | $3,666,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,713 |
| Savings and temporary cash investments | $1,318,386 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,615 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,371 |
| Inventories for sale or use | $111,004 |
| Prepaid expenses and deferred charges | $14,808 |
| Net Land, buildings, and equipment | $4,906,705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,716,602 |
| Accounts payable and accrued expenses | $119,048 |
| 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 | $12,211 |
| Total liabilities | $131,259 |
| Net assets without donor restrictions | $6,431,435 |
| Net assets with donor restrictions | $153,908 |
| 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 | $6,716,602 |