Faith Foundation Resources

Tax-deductible

Flint, MI501(c)(3)EmploymentEIN 04-2354456Revenue $437K in FY2024

On file with the IRS4225 Miller Rd Unit 176, 48507-1257 · Flint, MITax-exempt since Jun 2003Publicly supported charity — 170(b)(1)(A)(vi)

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To provide the necessary education and training required to promote success and positive motivation to the community in an effort to equip

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 5 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $46K a year · 13% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $76K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$32K
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$437K
+414% vs prior year
Spent
$411K
To programs
90%
Net assets
$86K
By yearFY2021–FY2024
Revenue
$437K
FY2024▲ +414%
Tap a bar for its year
Revenue by fiscal year
FY2021$280K
FY2022$85K
FY2024$437K
Expenses
$411K
FY2024▲ +93%
Tap a bar for its year
Expenses by fiscal year
FY2021$213K
FY2022Not on file
FY2024$411K
Net assets
$86K
FY2024▲ +27%
Tap a bar for its year
Net assets by fiscal year
FY2021$66K
FY2022$68K
FY2024$86K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $371K Management & general 10% · $41K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Angela Lots’s $30K as Executive Director is at the 39th percentile of top reported officer pay among 1217 $100K–1M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers the community with education and training for success and motivation.

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Provided by the organization

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1 program · $291K · in their own filed words · FY2024
01

Helping young people to employment program is a job readiness an HIV/AIDS awareness/prevention program geared toward educating teens and young adults through information, role play, and performing arts as an avanue to bring awareness and foster healthy sexual choices. We maintained a 98% job replacement rate.

$291Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$76K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$437K
Ln 12
Gifts and grantsLn 1h$437K
Money outPt IX
$411K
Ln 25
Programscol B$371K
Managementcol C$41K
Owns and owesPt X
$86K
net assets · Ln 32
Cash and savingsLn 1–2$107K
Total assetsLn 16$118K
LiabilitiesLn 26$32K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$437K
Government grantsLn 1e$412K
Total revenueLn 12$437K
Assets in detailPt X, end of year
CashLn 1$107K
Cash and savings togetherLn 1–2$107K
Land, buildings, equipmentLn 10c$12K
Total assetsLn 16$118K
LiabilitiesLn 26$32K
Net assetsLn 32$86K
OperationsPt I, VI
EmployeesI 52
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$31K$107K
Land, buildings, equipmentLn 10c$37K$12K
Total assetsLn 16$67K$118K
LiabilitiesLn 26$0$32K
Net assetsLn 32$67K$86K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$101K$75K$25K
Management feesLn 11a$191K$189K$2K
Advertising and promotionLn 12$5K$4K$1K
Office expensesLn 13$35K$33K$1K
OccupancyLn 16$40K$40K
TravelLn 17$6K$3K$3K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$21K$17K$4K
Total functional expensesLn 25$411K$371K$41K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $437K$411K$25K$86K 990 PDF
FY2023 Not on file
FY2022 $85K$68K 990 PDF
FY2021 $280K$213K$67K$66K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $436,696 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $91,000$436,696
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $91,000$436,696
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $35,000$100,657
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $54,178$310,547
I-18 Total expensesPrior year $89,178$411,204
I-19 Revenue less expensesPrior year $1,822$25,492
Part VI · Governance 10 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $436,696 across 5 lines filed
VIII-1e Government grants$411,696
VIII-1f All other contributions, gifts and grants$25,000
VIII-1h Total contributions, gifts and grants$436,696
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$436,696
Part IX · Statement of functional expenses $411,204 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $75,493 · Management $25,164$100,657
IX-11a Management feesPrograms $189,424 · Management $2,000$191,424
IX-12 Advertising and promotionPrograms $3,847 · Management $1,283$5,130
IX-13 Office expensesPrograms $33,392 · Management $1,485$34,877
IX-16 OccupancyPrograms $39,600$39,600
IX-17 TravelPrograms $2,601 · Management $3,114$5,715
IX-22 Depreciation, depletion and amortizationManagement $3,906$3,906
IX-23 InsurancePrograms $8,889$8,889
IX-24 Other expenses (24a–d)Programs $17,296 · Management $3,710$21,006
IX-25 Total functional expensesPrograms $370,542 · Management $40,662 · Fundraising $0$411,204
Part X · Balance sheet $118,410 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $30,729$106,822
X-10c Land, buildings and equipment, netStart of year $36,588$11,588
X-16 Total assetsStart of year $67,317$118,410
X-17 Accounts payable and accrued expenses$32,064
X-26 Total liabilitiesStart of year $0$32,064
X-27 Net assets without donor restrictionsStart of year $67,317$86,346
X-32 Total net assets or fund balancesStart of year $67,317$86,346
X-33 Total liabilities and net assetsStart of year $67,317$118,410
Part XI · Reconciliation of net assets $86,346 net assets at year end
XI-1 Total revenue$436,696
XI-2 Total expenses$411,204
XI-3 Revenue less expenses$25,492
XI-4 Net assets at start of year$67,317
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$86,346

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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