Faith Based And Community Initiatives Foundation
- Assets
- $110.5k
- Revenue
- $441.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Chattanooga, TN
- Founding
- 08/2019
- Data as of
- 06/2022
- EIN
- 84-1877809
Organization Overview
Faith Based And Community Initiatives Foundation is located in Chattanooga, TN. The organization was established in 2019. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Faith Based And Community Initiatives Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith Based And Community Initiatives Foundation 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 06/2022, Faith Based And Community Initiatives Foundation generated $441.5k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $373.7k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO LEVERAGE THE CAPACITY OF FAITH COMMUNITIES AND NONPROFITS, MAXIMIZE EFFECTIVE SOLUTIONS, ACCELERATE BEST PRACTICES, AND CELEBRATE OUTSTANDING EFFORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED TRANFORMATIVE SOLUTIONS TO IMPROVE THE LIVES FOR FELLOW TENNESSEANS DURING THE PAST YEAR THROUGH IMPLEMENATION OF THOSE PRESCRIBED SOLUTIONS AND BEST PRACTICES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Worland Executive Director | 40 | $190,923 | |
Iris Ray Director | Trustee | 0 | $0 |
Libby Phillips Director | Trustee | 0 | $0 |
Tyrone Burroughs Director | Trustee | 0 | $0 |
Barry Ray Director | Trustee | 0 | $0 |
Lang Wiseman Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $441,500 |
| Investment income | $0 |
| 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 | $441,500 |
| Statement of Expenses | |
|---|---|
| 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. | $190,923 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,251 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,375 |
| Payroll taxes | $15,968 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,250 |
| 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 | $1,195 |
| Information technology | $3,406 |
| Royalties | $0 |
| Occupancy | $12,689 |
| Travel | $17,792 |
| 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 | $992 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $373,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,505 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,983 |
| Other assets | $0 |
| Total assets | $110,488 |
| Accounts payable and accrued expenses | $1,691 |
| Grants payable | $0 |
| Deferred revenue | $1,286 |
| 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 | $2,977 |
| Net assets without donor restrictions | $107,511 |
| 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 |
| Total liabilities and net assets/fund balances | $107,511 |