Ifs Empowerment Center
- Assets
- $10.9m
- Revenue
- $172.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 05/2019
- Data as of
- 09/2023
- EIN
- 82-4142186
Organization Overview
Ifs Empowerment Center is located in Dallas, TX. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ifs Empowerment Center 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 09/2023, Ifs Empowerment Center generated $172.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 65.9% each year . All expenses for the organization totaled $209.4k during the year ending 09/2023. While expenses have increased by 43.6% per year over the past 5 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
THIS CORPORATION IS ORGANIZED AND WILL BE OPERATED EXCLUSIVELY TO CARRY OUT THE PURPOSES OF INTERFAITH FAMILY SERVICES, A TEXAS NONPROFIT CORPORATION ("INTERFAITH FAMILY SERVICES"), WHICH: (1) IS EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(3) OF THE CODE; (2) IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE; (3) IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND RELIGIOUS PURPOSES; (4) ESTABLISHES, RENOVATES, OPERATES, MANAGES, MAINTAINS, IMPROVES, AND SUPERVISES ONE OR MORE NONPROFIT HOUSING PROJECTS FOR THE IMPOVERISHED; (5) PROVIDES SUPPORT AND RELIEF TO THE IMPOVERISHED BY PROVIDING SHORT-TERM HOUSING WITHOUT REGARD TO THEIR ABILITY TO PAY; (6) ASSISTS AND ENABLES THE IMPOVERISHED TO IMPROVE THEIR SPIRITUAL, DIRECTIONAL, AND FINANCIAL CIRCUMSTANCES; AND (7) DOES ANY OTHER ACT OR THING INCIDENTAL TO OR CONNECTED WITH THE FOREGOING PURPOSES OR IN ADVANCEMENT THEREOF, BUT NOT FOR THE PECUNIARY PROFIT OR FINANCIAL GAIN OF THE DIRECTORS OR
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FAMILY EMPOWERMENT CONSTRUCTION WAS COMPLETE ON JUNE 13, 2019. THE ADULT BUILDING OPENED JULY 2019 AND THE MOODY CHILD CARE AND YOUTH SERVICES BUILDING OPENED OCTOBER 2019 FOR SERVICES. THE SERVICES THAT ARE BEING OFFERED ARE THROUGH THE RELATED ORGANIZATION, INTERFAITH FAMILY SERVICES. THE EMPOWERMENT CENTER HOLDS A PREMISE LEASE WITH HOPE CENTER AND A PREMISE LEASE WITH INTERFAITH FAMILY SERVICES FOR USE OF THE FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Williams President & CEO | OfficerTrustee | 2 | $0 |
Christie Richie COO | OfficerTrustee | 1 | $0 |
Meredith Camp Director | Trustee | 2 | $0 |
Dirk Copple Director | Trustee | 1 | $0 |
Neil West Director | Trustee | 1 | $0 |
Bill Dickason Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $172,164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $172,164 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $2,800 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $109,318 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $97,302 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $209,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $117,175 |
| 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 | $459,383 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,340,511 |
| Total assets | $10,917,069 |
| Accounts payable and accrued expenses | $91,099 |
| Grants payable | $0 |
| Deferred revenue | $2,686,679 |
| 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 | $8,299,152 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $421,512 |
| Total liabilities | $11,498,442 |
| Net assets without donor restrictions | -$581,373 |
| 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 | $10,917,069 |