Faith In The Future Foundation
- Assets
- $4.0m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Villanova, PA
- Founding
- 02/2013
- Data as of
- 06/2022
- EIN
- 45-5064611
Organization Overview
Faith In The Future Foundation is located in Villanova, PA. The organization was established in 2013. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Faith In The Future Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith In The Future 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 06/2022, Faith In The Future Foundation generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $4.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Faith In The Future Foundation has awarded 53 individual grants totaling $22,623,049. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FAITH IN THE FUTURE IS DRIVEN BY A SINGLE GOAL: TO MAKE AN EXCELLENT CATHOLIC EDUCATION ACCESSIBLE TO ANY FAMILY THAT WANTS IT. WE ARE COMMITTED TO SERVING OVER 10,000 STUDENTS IN THE 15 ARCHODIOCESAN HIGH SCHOOLS AND THREE SCHOOLS OF SPECIAL EDUCATION IN THE PHILADELPHIA REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENROLLMENT: THE PURPOSE OF ENROLLMENT PROGRAM IS TO STABILIZE AND GROW STUDENTS' ENROLLMENT FOR THE SCHOOLS. STRATEGIC MARKETING AND PROMOTIONAL PROGRAM LEADERSHIP FOR THE SCHOOLS IS CORE TO ESTABLISHING AND GROWING FIF'S IDENTITY IN THE MARKETPLACE. IN TANDEM WITH TARGETED DIGITAL PROMOTION, MEDIA OUTREACH AND SPECIAL EVENTS, AN INNOVATIVE, SYSTEMATIC PROGRAM IS DEDICATED TO DRIVING ENROLLMENT AND INCREASING RETENTION IN ALL HIGH SCHOOLS ACROSS THE PHILADELPHIA ARCHDIOCESAN SYSTEM.
LEADERSHIP AND PEOPLE DEVELOPMENT: THE PURPOSE OF LEADERSHIP AND PEOPLE DEVELOPMENT PROGRAM IS TO RECRUIT, DEVELOP, AND RETAIN THE HIGHEST QUALITY SCHOOL LEADERS AND INSTRUCTIONAL STAFF. THE PROGRAM ACTIVITIES INCLUDE DEVELOPING NEW LEADERSHIP TRAINING, CAREER PATHWAYS AND STAFFING MODELS, AND CREATING PROFESSIONAL DEVELOPMENT PROGRAMS THAT ENGENDER THE MINDSET OF GROWTH AND INNOVATION.
EDUCATION AND ARTISTIC: THE PURPOSE OF EDUCATIONAL AND ARTISTIC PROGRAM IS TO ENHANCE EDUCATIONAL AND ARTISTIC PROGRAMS AND INVEST NEW FUNDS TO COMPETE IN ALL MARKET SEGMENTS AND BETTER MEET THE STUDENTS' NEEDS. THE PROGRAM ACTIVITES INCLUDE REVISING PROGRAMMATIC OFFERINGS TO MATCH INDIVIDUAL SCHOOL STRENGTHS WITH LOCAL MARKET OPPORTUNITIES, INVESTING IN NEW INSTRUCTIONAL RESOURCES TO REMEDIATE UNDER-SERVED STUDENTS, AND INVESTING IN BLENDED LEARNING AND OTHER TECHNOLOGY-ENABLED INNOVATIONS TO ACCELERATE STUDENT ACHIEVEMENT.
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 |
|---|---|---|---|
Irene Hannan Chief Executive Officer | Officer | 50 | $359,656 |
Patricia Voigt Chief Development Officer | 40 | $170,000 | |
H Edward Hanway Chairman/president/interim | OfficerTrustee | 1 | $0 |
Joanne Romano Guiniven Board Member | Trustee | 1 | $0 |
Michael Mahoney Board Member | Trustee | 1 | $0 |
Stanley Silverman Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Patricia Boyle Llc Marketing/strategy | 12/30/14 | $121,265 |
Cardenio Consulting Llc Advancement/development | 12/30/14 | $116,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $70,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,340,741 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,410,741 |
| Total Program Service Revenue | $0 |
| Investment income | $359 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$664 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,416,936 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,841,117 |
| 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. | $366,253 |
| Compensation of current officers, directors, key employees. | $42,098 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $225,410 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,553 |
| Payroll taxes | $35,030 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,076 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,932 |
| Advertising and promotion | $0 |
| Office expenses | $28,464 |
| Information technology | $52,263 |
| Royalties | $0 |
| Occupancy | $18,800 |
| Travel | $3,601 |
| 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 | $25,991 |
| Insurance | $13,503 |
| All other expenses | $0 |
| Total functional expenses | $4,797,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,109,508 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,778,325 |
| 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 | $7,330 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $71,655 |
| Total assets | $3,966,818 |
| Accounts payable and accrued expenses | $25,561 |
| 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 | $50,000 |
| Total liabilities | $75,561 |
| Net assets without donor restrictions | $257,294 |
| Net assets with donor restrictions | $3,633,963 |
| 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 | $3,966,818 |
Grants Awarded
Over the last fiscal year, Faith In The Future Foundation has awarded $2,749,448 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: SCHOLARSHIP FUNDING AT 17 ARCHDIOCESE OF PHILADELPHIA HIGH SCHOOLS | $2,029,750 |
Philadelphia, PA PURPOSE: SUPPORT ARCHDIOCESE OF PHILADELPHIA SPECIAL EDUCATION SCHOOLS | $218,314 |
Philadelphia, PA PURPOSE: SUPPORT NEW TEACHER PROJECT AND LEARNING SUPPORT FOR WEST CATHOLIC AND NEUMANN-GORRETTI HIGH SCHOOL | $194,495 |
Philadelphia, PA PURPOSE: PAYMENT MADE TO A&A TO SUPPORT KEY AREAS (TECHNOLOGY, ENROLLMENT GROWTH, MARKETING AND ACADEMIC PERFORMANCE) | $148,708 |
Philadelphia, PA PURPOSE: SUPPORT FOR THE SUMMER READINESS PROGRAM | $65,654 |
Philadelphia, PA PURPOSE: SUPPORT FOR SOCIAL WORKERS AT WEST CATHOLIC HIGH SCHOOL AND NEUMANN-GORRETTI HIGH SCHOOL | $55,027 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Faith In The Future Foundation has recieved totaling $440,325.
| Awarding Organization | Amount |
|---|---|
Elevate 215 Philadelphia, PA PURPOSE: Capacity building | $168,450 |
Connelly Foundation West Conshohocken, PA PURPOSE: GENERAL SUPPORT - FDG | $100,000 |
Connelly Foundation West Conshohocken, PA PURPOSE: SUMMER ACADEMIC READINESS PROGRAM | $100,000 |
Connelly Foundation West Conshohocken, PA PURPOSE: UNIFORM SUPPORT FOR BISHOP MCDEVITT, JOHN W. HALLAHAN, AND OUR LADY OF CONFIDENCE STUDENTS. | $51,125 |
American Endowment Foundation Hudson, OH PURPOSE: RELIGION | $10,000 |
Hagan Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
Achieving The Dream Inc Silver Spring, MD | $48,979,373 | $23,156,070 |
Camc Health Education And Research Institute Inc Charleston, WV | $10,132,150 | $15,955,209 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Childrens Center For Developmental Enrichment Westerville, OH | $12,309,399 | $12,926,419 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Families For Excellent Schools Inc Wilmington, DE | $10,176 | $5,945,808 |