Abq Faithworks Collaborative EIN 85-4028708

Abq Faithworks Collaborative FY2022 filing

EIN  85-4028708 Public charity (501(c)(3)) Albuquerque, NM
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports asylum seekers and those experiencing homelessness through shared resources and advocacy.
Leadership
Jessica Corley Med · Executive Di · $68K
Money in and out
$245K revenue, $381K expenses
Bottom line
91% program efficiency

Supports asylum seekers and those experiencing homelessness through shared resources and advocacy. For fiscal year 2022 it reported $245K in revenue, $381K in expenses, and $65K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$245K
Pt VIII · Ln 12
Total expenses
$381K
Pt IX · Ln 25
Net assets
$65K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$136K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.09
Program efficiency
91%
of spending reaches programs
Operating runway
2.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-56%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$245K
FY2022▼ -24%
Expenses
$381K
FY2022▲ +112%
Total assets
$90K
FY2022▼ -58%
Total liabilities
$24K
FY2022▲ +72%
Total revenue
$245K
Pt VIII · Ln 12
Total expenses
$381K
Pt IX · Ln 25
Net assets
$65K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$136K
Total assetsPt X · Ln 16$90K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $347K of program spending, described in the organization's own filed words · FY2022.
01

We are albuquerque faith congregations working in community to welcome the stranger and address short and long term needs of asylum seekers and people experiencing homelessness. Our programs include: addrress immediate needs - our programs address urgent needs in our community including emergency rental and utility assistance, short-term…

$347Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAbq Faithworks Collaborative
EINHdr · item D85-4028708
Principal addressHdr · item CAlbuquerque, NM
WebsiteHdr · item Jwww.abqfaithworks.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNM
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFOct 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$67,532Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022
Jessica Corley Med$67,532
Hannah Albee$53,362
Jessica Corley$46,818

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$244K
Other revenue$836
— government grantsLn 1e$25K
Total revenueLn 12$245K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.09
Program services91%$347K
Management & general9%$34K
Total functional expensesLn 25$381K

Balance Sheet

Part X · end of year
CashLn 1$74K
Total assetsLn 16$90K
Total liabilitiesLn 26$24K
Total net assetsLn 32$65K
Months of cash on handcomputed2.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $74K · Operating expenses (Pt IX) $381K · Less non-cash grants $13K · Cash operating expenses/yr $368K
2.4 months
Where the money goes
Program services
Program services $347K · Total expenses $381K
91%
Management & General
Management & general $34K · Total expenses $381K
9%
Fundraising
Fundraising $0 · Total expenses $381K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $234K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $244K · Total revenue $245K
100%
Government reliance
Government grants $25K · Total revenue $245K
10%
Earned-income share
Program service revenue $0 · Total revenue $245K
0%
Investment reliance
Investment income $0 · Total revenue $245K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $381K
0%
Growth & trend
Revenue growth (YoY)
This year $245K · Prior year $324K
-24%
Net-asset trend (YoY)
End of year $65K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $245K · Expenses $381K
-56%
Liabilities-to-Assets
Total liabilities — · Total assets $90K
Net-asset ratio
Net assets $65K · Total assets $90K
73%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $90K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jessica Corley Med · Reported title EXECUTIVE DI · Highest reported compensation $68K · Total expenses $381K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $236K · Total expenses $381K
62%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 9%
Fundraising cost ratio 0%
Revenue growth -24%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$5K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$185K revenue · ⤓ 990 PDF
FY2024$553K revenue · ⤓ 990 PDF
FY2023$783K revenue · ⤓ 990 PDF
FY2022$245K revenue · viewing · ⤓ 990 PDF
FY2021$324K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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