Faithacts For Education Inc
- Assets
- $3.0m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 18
- Location
- Fairfield, CT
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 47-2150020
Organization Overview
Faithacts For Education Inc is located in Fairfield, CT. The organization was established in 2015. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 12/2021, Faithacts For Education Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faithacts For Education 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 12/2021, Faithacts For Education Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.7% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 24.8% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE PEOPLE OF FAITH BUILDING POWER TO GET OUR CHILDREN THE EDUCATION THEY DESERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUTREACH- BUILDING RELATIONSHIPS WITH PEOPLE OF FAITH IN ORDER TO LEVERAGE THEIR VOICES IN THE EFFORT TO IMPROVE EDUCATION IN BRIDGEPORT.
EDUCATION AND TRAINING- PROVIDING INFORMATION ABOUT ISSUES FACING BRIDGEPORT EDUCATION AND OPPORTUNITIES TO IMPROVE IT. EQUIPPING FAITHACTS MEMBERS WITH TOOLS TO IMPROVE EDUCATION IN THEIR CITY.
COMMUNITY EVENTS- CREATING OPPORTUNITIES FOR THE BROADER COMMUNITY TO COME TOGETHER AROUND EDUCATION IN BRIDGEPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamilah Prince-Stewart Executive Director | Officer | 40 | $222,822 |
Brittany Coleman Director Of Operations | Officer | 40 | $155,000 |
Brandon Clark Chief Of Staff | Officer | 40 | $151,500 |
Pastor Jeremy Williams Board Chair | OfficerTrustee | 1 | $0 |
Rev Cass Shaw Secretary | OfficerTrustee | 1 | $0 |
Alex Johnston Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $108,487 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,853,621 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,962,108 |
| Total Program Service Revenue | $0 |
| Investment income | $704 |
| 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 | $3,964,948 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $98,500 |
| 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. | $377,821 |
| Compensation of current officers, directors, key employees. | $56,673 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $750,206 |
| Pension plan accruals and contributions | $47,663 |
| Other employee benefits | $118,789 |
| Payroll taxes | $81,752 |
| Fees for services: Management | $116,914 |
| Fees for services: Legal | $7,651 |
| Fees for services: Accounting | $61,147 |
| Fees for services: Lobbying | $59,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $288,770 |
| Advertising and promotion | $32,046 |
| Office expenses | $32,166 |
| Information technology | $56,638 |
| Royalties | $0 |
| Occupancy | $15,234 |
| Travel | $45,236 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $70,387 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,346 |
| All other expenses | $0 |
| Total functional expenses | $2,396,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,479 |
| Savings and temporary cash investments | $1,609,841 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,209,953 |
| 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 | $20,396 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,023,669 |
| Accounts payable and accrued expenses | $147,520 |
| Grants payable | $0 |
| Deferred revenue | $300,000 |
| 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 | $0 |
| Total liabilities | $447,520 |
| Net assets without donor restrictions | $245,461 |
| Net assets with donor restrictions | $2,330,688 |
| 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 | $3,023,669 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Faithacts For Education Inc has recieved totaling $2,420,267.
| Awarding Organization | Amount |
|---|---|
Chan Zuckerberg Initiative Foundation Palo Alto, CA PURPOSE: GENERAL OPERATING SUPPORT | $750,000 |
Chan Zuckerberg Initiative Foundation Palo Alto, CA PURPOSE: GENERAL OPERATING SUPPORT | $750,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: BUILD AWARENESS OF AND SHARE BEST PRACTICES FOR THE FAITH-BASED COMMUNITY ORGANIZING MODEL. | $300,000 |
Nellie Mae Education Foundation Inc Quincy, MA PURPOSE: POC-LED OPERATING SUPPORT | $300,000 |
William Caspar Graustein Memorial Fund Hamden, CT PURPOSE: GENERAL OPERATING SUPPORT | $112,000 |
William Caspar Graustein Memorial Fund Hamden, CT PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Dairy Assn & Dairy Council Of Ny Inc Empire Building North Syracuse, NY | $7,719,519 | $19,494,429 |
Connecticut Education Association Hartford, CT | $36,750,422 | $21,146,578 |
American Board Of Dermatology Inc Newton, MA | $22,591,734 | $8,634,242 |
Pioneer Institute Inc Boston, MA | $5,985,831 | $3,775,332 |
New York State Council Of School Superintendents Albany, NY | $5,077,642 | $3,046,665 |
Faithacts For Education Inc Fairfield, CT | $3,023,669 | $3,964,948 |
Associated Builders And Contractors Inc East Syracuse, NY | $1,910,207 | $2,380,603 |
Massachusetts Teachers Association Bridgewater, MA | $3,489,183 | $1,935,017 |
Reading League Syracuse, NY | $2,958,965 | $2,169,026 |
Bsa-Ila Retirement Account Plan Charlestown, MA | $2,044,138 | $1,513,604 |
New York State Restaurant Assn Inc Albany, NY | $6,584,499 | $1,643,871 |
Mass Restaurant Assn Inc Westborough, MA | $3,466,323 | $1,227,109 |