Faith Project INC FY2020 filing

Backus, MNUnknown exempt organizationEIN 46-2385281Revenue $143K in FY2020

On file with the IRSfaithproject.org1635 E Ponto Lake Rd Nw · Backus, MN

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Currently we are working in the villages of Garde Saline, Dumas, and Viard, Haiti trying to build sustainable communities. The projects for 2020 include running public compost toilets, running two medical clinics, administering Two women's micro loan programs, supporting a Christian grade school, doing village leadership training and formation and working to strengthen the Garde Saline Baptist Church.

99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $13K a year · 10% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $43K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$143K
Spent
$146K
To programs
99%
Net assets
$24K
By yearFY2020–FY2021
Revenue
$143K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$143K
FY2021$101K
Expenses
$146K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$146K
FY2021$123K
Net assets
$24K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$24K
FY2021$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $145K Management & general 1% · $1K Fundraising 0% · $173

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Faith Project INC executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Builds sustainable communities in Haiti through clinics, loans, education, and church support.

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Provided by the organization

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3 programs · $86K · in their own filed words · FY2020
01

We provided training and salaries for medical staff and funding for medical supplies, drugs, and medical equipment for two villiage run medical clinics and one larger general short term clinic for Covid Virus prevention.

$32Kprogram expense
02

A large scale and smaller scale chicken production project was completed in Garde Saline and Viard along with providing 4 fishing boat motors and support to Garde Saline fishermen's association. A large scale goat raising project was funded in the village of Dumas. Also a Rice Mill operation was repaired in Garde Saline

$28Kprogram expense
03

Provided leadership training in four villages and held a regional village leadership conference with the purpose of developing local leadership capabilities. Also as part of leadership development, 10 villages were visited twice each to do an assessment of prior village leadership councils and programs that were commissioned in previous…

$26Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$43K
Grants paid · 1 grant · $15K · 2020–2020

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$143K
Ln 12
Gifts and grantsLn 1h$143K
Money outPt IX
$146K
Ln 25
Programscol B$145K
Managementcol C$1K
Fundraisingcol D$173
Owns and owesPt X
$24K
net assets · Ln 32
Cash and savingsLn 1–2$24K
Total assetsLn 16$24K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$143K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Gains on assetsLn 7$0
Total revenueLn 12$143K
Assets in detailPt X, end of year
CashLn 1$24K
SavingsLn 2$0
Cash and savings togetherLn 1–2$24K
InvestmentsLn 11–13$0
Other assetsLn 15$0
Total assetsLn 16$24K
LiabilitiesLn 26$0
Net assetsLn 32$24K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$28K$24K
InvestmentsLn 11–13$0$0
Total assetsLn 16$28K$24K
LiabilitiesLn 26$0$0
Net assetsLn 32$28K$24K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$15K$15K
Grants and assistance to foreign recipientsLn 3$128K$128K
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$173$0$0$173
Office expensesLn 13$946$0$946$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$0$0$0$0
Other expenses (24a–d)Ln 24$1K$923$280$0
Total functional expensesLn 25$146K$145K$1K$173

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $101K$123K−$22K$0 990 PDF
FY2020 Viewing $143K$146K−$3K$24K 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 FY2020 990 (6 parts)
Part I · Summary $142,567 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $93,050$142,567
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $93,050$142,567
I-13 Grants and similar amounts paidPrior year $91,582$143,645
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $12,000$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,682$2,322
I-18 Total expensesPrior year $105,264$145,967
I-19 Revenue less expensesPrior year −$12,214−$3,400
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $142,567 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$142,567
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$142,567
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$142,567
Part IX · Statement of functional expenses $145,967 across 29 lines filed
IX-1 Grants to domestic organizationsPrograms $15,356$15,356
IX-3 Grants and assistance to foreign recipientsPrograms $128,289$128,289
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $173$173
IX-13 Office expensesPrograms $0 · Management $946 · Fundraising $0$946
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-24 Other expenses (24a–d)Programs $923 · Management $280 · Fundraising $0$1,203
IX-25 Total functional expensesPrograms $144,568 · Management $1,226 · Fundraising $173$145,967
Part X · Balance sheet $24,298 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $27,698$24,298
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $27,698$24,298
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $27,698$24,298
X-33 Total liabilities and net assetsStart of year $27,698$24,298
Part XI · Reconciliation of net assets $24,298 net assets at year end
XI-1 Total revenue$142,567
XI-2 Total expenses$145,967
XI-3 Revenue less expenses−$3,400
XI-4 Net assets at start of year$27,698
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$24,298

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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