Faithworks Of Abilene Inc
- Assets
- $131.2k
- Revenue
- $261.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Abilene, TX
- Founding
- 10/2003
- Data as of
- 12/2023
- EIN
- 30-1042845
Organization Overview
Faithworks Of Abilene Inc is located in Abilene, TX. The organization was established in 2003. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 12/2023, Faithworks Of Abilene Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faithworks Of Abilene Inc 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, Faithworks Of Abilene Inc generated $261.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $285.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 5 years. 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
OUR MISSION IS TO HELP THE UNDEREMPLOYED, THROUGH PERSONAL, CAREER, ACADEMIC AND SPIRITUAL DEVELOPMENT, ACQUIRE THE CONFIDENCE AND SKILLS FOR GAINFUL AND LONG-TERM EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING LIFE SKILLS AND CAREER DEVELOPMENT TRAINING TO CHRONICALLY UNEMPLOYED AND UNDER-EMPLOYED ADULTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Gallion Director | Trustee | 1 | $0 |
Patti Bull Board Vice Chai | OfficerTrustee | 1 | $0 |
Courtney Head Director | Trustee | 1 | $0 |
Derek Hampton Imm Past Chair | Trustee | 1 | $0 |
Casjen Rico Secretary | OfficerTrustee | 1 | $0 |
Nathan George Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $42,881 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,793 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,674 |
| Total Program Service Revenue | $0 |
| Investment income | $320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $111,956 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $260,950 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,269 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,444 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,809 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $4,824 |
| Royalties | $0 |
| Occupancy | $13,257 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,678 |
| Insurance | $5,008 |
| All other expenses | $23,110 |
| Total functional expenses | $285,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,769 |
| 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 | $1,152 |
| Net Land, buildings, and equipment | $51,796 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $516 |
| Total assets | $131,233 |
| Accounts payable and accrued expenses | $4,422 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,055 |
| Total liabilities | $6,477 |
| Net assets without donor restrictions | $124,756 |
| 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 | $131,233 |