Family Investment Foundation Inc
- Assets
- $464.4k
- Revenue
- $282.3k
- Investments
- $769.0
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 01/2004
- Data as of
- 06/2024
- EIN
- 32-0071235
Organization Overview
Family Investment Foundation Inc is located in Knoxville, TN. The organization was established in 2004. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Investment Foundation 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 06/2024, Family Investment Foundation Inc generated $282.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 34.6% each year . All expenses for the organization totaled $3.9k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN 2003, THE FAMILY INVESTMENT FOUNDATION, INC. (THE "FOUNDATION") IS A COLLABORATIVE EFFORT BETWEEN THE FOUNDATION, INDIVIDUALS AND BUSINESSES WITHIN THE COMMUNITY, LOCAL GOVERNMENT AND LOCAL GOVERNMENT AGENCIES TO SUPPLEMENT AND COMPLEMENT LOCAL GOVERNMENT EFFORTS TO ADDRESS THE SOCIAL, EDUCATIONAL, ECONOMIC AND HEALTH ISSUES AND NEEDS OF THE GREATER KNOXVILLE, TENNESSEE COMMUNITY. THE FOUNDATION IS A 501(C)3 COMPONENT UNIT OF KCDC.KCDC IS THE HOUSING AUTHORITY FOR KNOXVILLE AND KNOX COUNTY AND THE REDEVELOPMENT AGENCY FOR THE CITY OF KNOXVILLE. THE FOUNDATION WAS CREATED TO ASSIST IN SERVICES TO THOSE INDIVIDUALS LIVING IN KCDC HOUSING WITH AMI'S OF 50% OR BELOW, INCLUDING ACCESS TO SOCIAL SERVICES, HEALTH SERVICES, AFFORDABLE HOUSING, FOOD ACCESS, AND OTHER COMMUNITY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS CREATED TO ASSIST IN SERVICES TO THOSE INDIVIDUALS LIVING IN KCDC HOUSING WITH AMI'S OF 50% OR BELOW, INCLUDING ACCESS TO SOCIAL SERVICES, HEALTH SERVICES, AFFORDABLE HOUSING, FOOD ACCESS, AND OTHER COMMUNITY SERVICES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Houston Smelcer President | OfficerTrustee | 1 | $0 |
Joshalyn Hundley Treasurer | OfficerTrustee | 1 | $0 |
Marisa Moazen Secretary | OfficerTrustee | 1 | $0 |
Ellen Mcintyre Director | Trustee | 1 | $0 |
Liliana Burbano Director | Trustee | 1 | $0 |
Brad Peters Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $272,135 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $272,135 |
| Total Program Service Revenue | $0 |
| Investment income | $10,209 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $282,344 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $665 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| 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 | $121 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $1,002 |
| All other expenses | $51 |
| Total functional expenses | $3,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,701 |
| Savings and temporary cash investments | $432,942 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $769 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $464,412 |
| Accounts payable and accrued expenses | $0 |
| 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 | $21,534 |
| Total liabilities | $21,534 |
| Net assets without donor restrictions | $0 |
| 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 | $442,878 |
| Total liabilities and net assets/fund balances | $464,412 |