Faith In Practice
- Assets
- $16.3m
- Revenue
- $16.8m
- Investments
- $0.0
- Employees
- 20
- Location
- Houston, TX
- Founding
- 05/1994
- Data as of
- 08/2023
- EIN
- 76-0415986
Organization Overview
Faith In Practice is located in Houston, TX. The organization was established in 1994. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 08/2023, Faith In Practice employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith In Practice 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 08/2023, Faith In Practice generated $16.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $14.6m during the year ending 08/2023. While expenses have increased by 6.5% 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
PROVIDE VOLUNTEER SURGICAL, MEDICAL AND DENTAL CARE FOR THE POOR OF GUATEMALA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE FISCAL YEAR ENDED AUGUST 31, 2023 FAITH IN PRACTICE VOLUNTEERS SAW APPROXIMATELY 13,661 PATIENTS IN MEDICAL CLINICS AND PERFORMED OVER 2,100 SURGERY PROCEDURES. FAITH IN PRACTICE WAS ABLE TO PROVIDE AND FIT WHEELCHAIRS FOR 2,336 PATIENTS. THE TOTAL FAIR MARKET VALUE OF DONATED MEDICAL SUPPLIES, EQUIPMENT AND SERVICES IS $15,710,134 WHICH INCLUDES $3,672,458 OF IN-KIND MEDICAL SERVICE DONATIONS AND DONATED FACILITIES THAT ARE NOT REPORTED ON FORM 990. FAITH IN PRACTICE VOLUNTEERS ALSO TRAIN GUATEMALAN PROVIDERS TO SCREEN FOR CERVICAL CANCER AND CONDUCT HEALTH AND MEDICAL EDUCATION PROGRAMS. FAITH IN PRACTICE EXISTS TO ORGANIZE AND MANAGE VOLUNTEERS WHO PROVIDE MEDICAL, SURGICAL, DENTAL AND RELATED HEALTH EDUCATION SERVICES IN GUATEMALA.(CONTINUED ON SCHEDULE O)FAITH IN PRACTICE VOLUNTEERS PROVIDED MEDICAL SERVICES TO APPROXIMATELY 17,000 PATIENTS THROUGH ITS VOLUNTEER TEAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cary Moorhead MD Chair | OfficerTrustee | 2 | $0 |
Lola Coke PHD Director | Trustee | 2 | $0 |
Eric Condon Director | Trustee | 2 | $0 |
Erik Askenasy Director | Trustee | 2 | $0 |
Gary Whitt Director | Trustee | 2 | $0 |
Joseph F Lopez Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,012,690 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,878,734 |
| Noncash contributions included in lines 1a–1f | $12,037,676 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,891,424 |
| Total Program Service Revenue | $0 |
| Investment income | $52,885 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$65,364 |
| Net Income from Fundraising Events | -$72,861 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,806,084 |
| 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 | $9,649,691 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $488,022 |
| Compensation of current officers, directors, key employees. | $176,999 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,610,343 |
| Pension plan accruals and contributions | $32,366 |
| Other employee benefits | $279,811 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,234 |
| Fees for services: Accounting | $33,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,101 |
| Fees for services: Other | $167,409 |
| Advertising and promotion | $0 |
| Office expenses | $60,026 |
| Information technology | $113,839 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $61,974 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,726 |
| Interest | $0 |
| Payments to affiliates | $140,218 |
| Depreciation, depletion, and amortization | $23,494 |
| Insurance | $15,430 |
| All other expenses | $146,610 |
| Total functional expenses | $14,639,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $778,153 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $108,380 |
| 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 | $13,206,185 |
| Prepaid expenses and deferred charges | $143,180 |
| Net Land, buildings, and equipment | $172,569 |
| Investments—publicly traded securities | $1,909,237 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,602 |
| Total assets | $16,326,306 |
| Accounts payable and accrued expenses | $171,093 |
| Grants payable | $0 |
| Deferred revenue | $426,726 |
| 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 | $597,819 |
| Net assets without donor restrictions | $15,212,942 |
| Net assets with donor restrictions | $515,545 |
| 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 | $16,326,306 |