Faith And Work Enterprises Inc
- Assets
- $165.2k
- Revenue
- $197.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Catonsville, MD
- Founding
- 06/2018
- Data as of
- 12/2023
- EIN
- 82-2171219
Organization Overview
Faith And Work Enterprises Inc is located in Catonsville, MD. The organization was established in 2018. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Faith And Work Enterprises Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith And Work Enterprises 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, Faith And Work Enterprises Inc generated $197.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $150.1k during the year ending 12/2023. 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
THE PURPOSE OF THIS FAITH-BASED ORGANIZATION IS TO BUILD CAPACITY FOR MEANINGFUL WORK AND HOLISTIC WELLBEING, BY PROVIDING A RANGE OF SUPPORTIVE SERVICES TO HELP STABILIZE INDIVIDUALS AND HOUSEHOLDS IN THE COMMUNITY, INCLUDING OFFERING WORKFORCE DEVELOPMENT TRAINING INTEGRATED THROUGH INDIVIDUALIZED CASE MANAGEMENT WHERE INDIVIDUALS WILL GAIN VALUE FOR THEMSELVES AND BECOME AN INTEGRAL PART OF WORKING SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAJORITY OF 2023 PROGRAM EXPENSES REPRESENTED FUNDS TO OPERATE THE SUPPORTIVE SERVICES COMPONENT OF THE PROGRAM. ADDITIONAL PROGRAM EXPENSES REPRESENTED FUNDS FOR A FACILITY LEASED IN 2021 AS A PROGRAM LOCATION TO HOUSE 1) COMMUNITY SUPPORTIVE SERVICES, 2) WORKFORCE DEVELOPMENT TRAINING, 3) A COMPUTER LAB TO HOLD DIGITAL LITERACY TRAINING. RENOVATIONS TO THE FACILITY BEGAN IN 2021 AND WERE COMPLETED IN 2022. ALL ACTIVITIES WERE PERFORMED IN PREPARATION FOR PROGRAM SERVICE PARTICIPATION,WHICH WAS ANTICIPATED TO BEGIN IN 2018, BUT WERE DELAYED DUE TO APPROPRIATE FACILITY LOCATION SEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Gaynor President/treasurer | OfficerTrustee | 1 | $0 |
Lechelle Redd Exec Director | 50 | $54,575 | |
Rev Martin Schultheis Assistant Exec Dir | Trustee | 10 | $0 |
Tina Jasion Coo/finance & Grants Manager | Officer | 10 | $23,910 |
Rev Dr Jon T Diefenthaler Board Member/former Pres | Officer | 1 | $0 |
Tremayne Limpscomb Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,253 |
| All other contributions, gifts, grants, and similar amounts not included above | $173,874 |
| Noncash contributions included in lines 1a–1f | $1,094 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $190,127 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,776 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $197,903 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,837 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,185 |
| Compensation of current officers, directors, key employees. | $17,894 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,130 |
| Fees for services: Management | $833 |
| 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 | $22,866 |
| 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 | $1,534 |
| Insurance | $5,440 |
| All other expenses | $15,005 |
| Total functional expenses | $150,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,218 |
| Savings and temporary cash investments | $0 |
| 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 | $26,512 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $165,230 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $165,230 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $165,230 |