Faithbridge
- Assets
- $1.3m
- Revenue
- $607.6k
- Investments
- $0.0
- Employees
- 39
- Location
- Denver, CO
- Founding
- Data as of
- 12/2023
- EIN
- 87-4155513
Organization Overview
Faithbridge is located in Denver, CO. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 12/2023, Faithbridge employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faithbridge 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, Faithbridge generated $607.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $1.1m 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
FAITHBRIDGE IS A COLORADO NON-PROFIT THAT IS CO-CREATING THE CONDITIONS TO ENSURE EQUITY OF SUPPORTS, EXPANDED OPPORTUNITITES, AND EXCELLENT OUTCOMES FOR STUDENTS ACROSS COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS YEAR WE TAKE GREAT PRIDE IN THE CONVENING OF OUR COMMUNITY CIRCLES THAT HAVE EDUCATED, ORGANIZED, AND ELEVATED THE VOICES OF STUDENTS AND FAMILIES ACROSS THE STATE OF COLORADO. THESE VOICES HAVE HELPED TO DRIVE SHIFTS IN PRACTICES TO ENSURE EQUITY AND EXCELLANCE FOR ALL CHILDREN. IN ADDITION TO OUR WORK WITH OUR COMMUNITY CIRCLES, WE ARE PROUD OF OUR WORK THROUGH OUR MICRO-VILLAGES, LIKE JOHN LEWIS ACADEMIC INTENSIVES, THAT CONTINUE TO PILOT EDUCATIONAL PROGRAMMING AND RESOURCE SHARING TO IMPROVE THE LEARNING AND LIVING REALITIES OF STUDENTS AND THEIR FAMILIES ACROSS COLORADO. LASTLY, WE ARE GRATEFUL FOR THE SUCCESS THAT WE HAVE HAD SHIFTING THE ECOSYSTEM OUT OF SILOS INTO SAFE SHARED SPACES TO CO-CREATE SOLUTIONS THROUGH OUR A5 ALLIANCE. A5 ALLIANCE BRINGS TOGETHER A DIVERSE GROUP OF INDIVIDUALS AND ORGANIZATIONS TO THOUGHTFULLY LISTEN, CO-CREATE, AND ACT TOGETHER TO DELIVER SUSTAINABLE SOLUTIONS FOR THE CHALLENGES THAT WE FACE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Nathan Adams Chair | OfficerTrustee | 1 | $0 |
Khadija Haynes Vice Chair | OfficerTrustee | 1 | $0 |
Lee Kathryn Gash-Maxey Secretary/tr | OfficerTrustee | 1 | $0 |
James Coleman Founder | OfficerTrustee | 40 | $120,692 |
Vernon Jones Jr Executive Le | OfficerTrustee | 40 | $117,655 |
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 | $607,121 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $607,121 |
| 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 | $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 | $607,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $66,496 |
| 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. | $246,557 |
| Compensation of current officers, directors, key employees. | $49,311 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $362,493 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,584 |
| Payroll taxes | $45,710 |
| 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 | $13,776 |
| Advertising and promotion | $2,202 |
| Office expenses | $1,555 |
| Information technology | $19,848 |
| Royalties | $0 |
| Occupancy | $89,567 |
| Travel | $5,140 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,374 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,770 |
| All other expenses | $12,649 |
| Total functional expenses | $1,056,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,279,823 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,279,823 |
| Accounts payable and accrued expenses | $700 |
| Grants payable | $0 |
| Deferred revenue | $1,130,000 |
| 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 | $13,441 |
| Total liabilities | $1,144,141 |
| Net assets without donor restrictions | $135,682 |
| 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 | $1,279,823 |
Grants Awarded
Over the last fiscal year, Faithbridge has awarded $43,447 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RISE 5280 PURPOSE: SUPPORT | $33,447 |
COLORADO BLACK CAUCUS PURPOSE: SUPPORT | $10,000 |