Faith And Life Inc is located in Newton, KS. The organization was established in 2016. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2021, Faith And Life Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith And Life 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, Faith And Life Inc generated $473.3k 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 (5.0%) each year. All expenses for the organization totaled $463.6k during the year ending 12/2021. 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
TO BE AN ARM OF THE CHURCH BY SELLING RELIGOUS BOOKS AND MATERIALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF FAITH AND LIFE INC. IS TO ENCOURAGE, INSPIRE, AND STRENGTHEN THE FAITH OF INDIVIDUALS IN NEWTON AND THE SURROUNDING COMMUNITIES. WE SEEK TO BE A RESOURCE FOR CHURCH MEMBERS AND NON- MEMBERS THROUGH THE SALES OF BOOKS, MUSIC, GREETING CARDS, AND OTHER INSPIRATIONAL GIFTS AND TO PARTNER WITH LOCAL CHURCH AND ORGANIZATIONS TO POSITIVELY IMPACT THE COMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bethany Martin Manager | Officer | 40 | $34,626 |
Lois Friesen President | Officer | 0 | $0 |
Milton Claassen Secretary | Officer | 0 | $0 |
Elisabeth Pauls Treasurer | Officer | 0 | $0 |
Joe Friesen Director | Trustee | 0 | $0 |
Dewayne Pauls Director | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $27,070 |
All other contributions, gifts, grants, and similar amounts not included above | $11,500 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $38,570 |
Total Program Service Revenue | $434,693 |
Investment income | $0 |
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 | $473,263 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $34,626 |
Compensation of current officers, directors, key employees. | $6,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $29,074 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $3,288 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $13,318 |
Office expenses | $4,919 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $38,163 |
Travel | $878 |
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 | $1,281 |
Insurance | $2,224 |
All other expenses | $299,294 |
Total functional expenses | $463,554 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $14,310 |
Savings and temporary cash investments | $8,535 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $22,800 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $239,398 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $637 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $285,680 |
Accounts payable and accrued expenses | $9,400 |
Grants payable | $0 |
Deferred revenue | $8,472 |
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 | $111,997 |
Other liabilities | $0 |
Total liabilities | $129,869 |
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 | $155,811 |
Total liabilities and net assets/fund balances | $285,680 |
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