Faith Takes Family Foundation
- Assets
- $18.3k
- Revenue
- $58.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, NY
- Founding
- 12/2010
- Data as of
- 09/2023
- EIN
- 27-3828707
Organization Overview
Faith Takes Family Foundation is located in Albany, NY. The organization was established in 2010. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith Takes Family 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 09/2023, Faith Takes Family Foundation generated $58.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (55.1%) each year. All expenses for the organization totaled $25.1k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Faith Takes Family Foundation has awarded 62 individual grants totaling $368,598. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $58 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,775 |
| Contributions, gifts, grants paid | $23,370 |
| Total expenses and disbursements | $25,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $695 |
| Savings and temporary cash investments | $17,633 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,328 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,275 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,275 |
Grants Awarded
Over the last fiscal year, Faith Takes Family Foundation has awarded $23,370 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ALBANY SYMPHONY ORCHESTRA PURPOSE: PHILANTROPHIC CULTURAL SUPPORT | $5,470 |
THE COMMUNITY HOSPICE FOUNDATION PURPOSE: PHILANTROPHIC CULTURAL SUPPORT | $250 |
ST SOPHIA'S GREEK ORTHODOX CHURCH PURPOSE: PHILANTROPHIC CULTURAL SUPPORT | $14,550 |
AMERICAN FOUNDATION FOR SUICIDE PREVENTION PURPOSE: PHILANTROPHIC CULTURAL SUPPORT | $100 |
CAROGA ARTS COLLECTIVE PURPOSE: PHILANTROPHIC CULTURAL SUPPORT | $3,000 |