Faith Hope & Love Foundation
- Assets
- $3.3m
- Revenue
- $755.4k
- Investments
- $1.7m
- Employees
- 0
- Location
- Carlsbad, NM
- Founding
- 06/2015
- Data as of
- 12/2023
- EIN
- 46-5394469
Organization Overview
Faith Hope & Love Foundation is located in Carlsbad, NM. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, 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. Faith Hope & 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 12/2023, Faith Hope & Love Foundation generated $755.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $577.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Faith Hope & Love Foundation has awarded 91 individual grants totaling $3,396,540. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRITTANY'S HOPE, FOUNDED IN 2017, IS DEDICATED TO PROVIDING FINANCIAL SUPPORT TO INDIVIDUALS WITH CANCER
FAITH HOPE & LOVE FOUNDATION (ORGANIZATION) IS A NON- PROFIT ORGANIZATION SERVING THE GREATER CARLSBAD COMMUNITY. BELEIVING IN CHRIST'S CALL TO LOVE AND SERVE OTHERES, THE FAITH HOPE & LOVE FOUNDATION IS DEDICATED TO OFFERING ASSISTANCE IN PROVIDING THE BASIC NEEDS AND SUPPORT FOR THE MOST VULNERABLE AND INCOME DISADVANTAGED. THIS INCLUDES, BUT IS NOT LIMITED TO: HOMELESS, ELDERLY, VETERANS, CHILDREN, SCHOOLS, FAMILIES IN CRISIS, AND OTHER BENEVOLENT ORGANIZATIONS WITH SIMILAR MISSIONS. THE ORGANIZATION'S PROVIDES ASSISTANCE IN TIMES OF FINANCIAL DISTRESS BY ASSISTING INDIVIDUALS WITH THE FOLLOWING NEEDS: FOOD (PANTRY REFERRALS), SHELTER (RENT/MORTGAGE AND/OR BASIC HOME REPAIR - NOT REMODELING), CLOTHING, EDUCATIONAL SHCOLARSHIP/FINANCIAL ASSISTANCE, LIFE SKILLS, FINANCIAL COUNSELING/BUDGETING, MENTORING, AND/OR OTHER BASIC HUMAN NEEDS. IT IS OUR HOPE TO EXTEND THE RESOURCES BESTOWED ON US TO THE INDIVIDUALS OF THIS COMMUNITY, THAT WE MIGHT BE A DIRECT REFLECTION OF LOVE AND GRACE ON J
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alana Gregory-Carreon President | 0 | $38,846 | |
Lane Martin Director | 0 | $0 | |
Kali Hughes Director | 0 | $0 | |
Donny Gregory Director | 0 | $0 | |
Marjorie Gregory Director | 0 | $0 | |
Jolie Jones Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $718,484 |
| Interest on Savings | $17,119 |
| Dividends & Interest | $69,061 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$87,672 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $38,418 |
| Total Revenue | $755,410 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $38,846 |
| Other employee salaries and wages | $92,345 |
| Pension plans, employee benefits | $10,967 |
| Interest | $0 |
| Taxes | $137 |
| Depreciation | $18,340 |
| Occupancy | $8,545 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48,325 |
| Total operating and administrative expenses | $236,424 |
| Contributions, gifts, grants paid | $341,090 |
| Total expenses and disbursements | $577,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $636,508 |
| Savings and temporary cash investments | $496,730 |
| Net Accounts receivable | $26,048 |
| Net Pledges Receivable | $15,000 |
| 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 | $1,065 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $140,612 |
| Net Land, buildings, and equipment | $427,816 |
| Other assets | $0 |
| Total assets | $3,330,555 |
| Accounts payable and accrued expenses | $22,712 |
| 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 | $22,712 |
Grants Awarded
Over the last fiscal year, Faith Hope & Love Foundation has awarded $340,590 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
INDIGENT - SHELTER ASSISTANCE PURPOSE: TEMPORARY ASSISTANCE | $59,805 |
INDIGENT - UTILITIES ASSISTANCE PURPOSE: TEMPORARY ASSISTANCE | $45,675 |
INDIGENT - FOOD ASSISTANCE PURPOSE: TEMPORARY ASSISTANCE | $976 |
INDIGENT - CLOTHING ASSISTANCE PURPOSE: TEMPORARY ASSISTANCE | $3,246 |
INDIGENT - EDUCATION ASSISTANCE PURPOSE: TEMPORARY ASSISTANCE | $63,009 |
INDIGENT - CHRISTMAS MINISTRY PURPOSE: TEMPORARY ASSISTANCE | $6,239 |