Faith Hope And Love Foundation
- Assets
- $6.0m
- Revenue
- $647.4k
- Investments
- $5.6m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 12/1996
- Data as of
- 12/2021
- EIN
- 41-1852802
Organization Overview
Faith Hope And Love Foundation is located in Minneapolis, MN. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 Hope And Love 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 12/2021, Faith Hope And Love Foundation generated $647.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $290.5k during the year ending 12/2021. While expenses have increased by 1.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Faith Hope And Love Foundation has awarded 26 individual grants totaling $499,609. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy C Geoffrion Chief Executive Officer | 0 | $0 | |
Jill Kh Geoffrion Chief Executive Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $190,106 |
| Interest on Savings | $5,403 |
| Dividends & Interest | $70,383 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $302,289 |
| Capital Gain Net Income | $302,289 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $79,263 |
| Total Revenue | $647,444 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,922 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,483 |
| Total operating and administrative expenses | $35,712 |
| Contributions, gifts, grants paid | $254,770 |
| Total expenses and disbursements | $290,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,705 |
| Savings and temporary cash investments | $403,707 |
| 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 | $5,569,801 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,029,213 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Faith Hope And Love Foundation has awarded $254,770 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
PRINCETON THEOLOGICAL SEMINARY PURPOSE: TO PREPARE WOMEN AND MEN TO SERVE JESUS CHRIST IN MINISTRIES MARKED BY FIATH, INTEGRITY, SCHOLARSHIP, COMPETENCE, COMPASSION, AND JOY, EQUIPPING THEM FOR LEADERSHIP WORLDWIDE IN CONGREGATIONS AN THE LARGER CHURCH, IN CLASSROOMS AND THE ACADEMY, AND IN THE PUBLIC ARENA. | $75,000 |
SCHOLARSHIP RECIPIENTS SEE ATTACHED PURPOSE: SCHOLARSHIPS | $56,770 |
MYAMMAR INSTITUTE OF THEOLOGY PURPOSE: NEW FACULTY RESIDENTIAL BUILDING | $45,000 |
Minneapolis, MN PURPOSE: TEACHING AND INSPIRING AND ENCOURAGING MINISTRY AND LEADERS TO SERVE CHRIST MORE EFFECTIVELY | $30,000 |
FAMILY HOPE SERVICESTREEHOUSE - CORPORATE PURPOSE: FAITH BASED HOPE AND GUIDANCE TO HURTING TEENS | $10,000 |
FAMILY HOPE SERVICESTREEHOUSE - STAFF SUPPORT PURPOSE: FAITH BASED HOPE AND GUIDANCE TO HURTING TEENS | $6,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Ghr Foundation Minneapolis, MN | $0 | $118,752,892 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
Pohlad Family Foundation Minneapolis, MN | $102,001,164 | $18,381,775 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |