Washington Institute For Faith Vocation And Culture
- Assets
- $116.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Charlottesville, VA
- Founding
- 02/2006
- Data as of
- 12/2017
- EIN
- 56-2530759
Organization Overview
Washington Institute For Faith Vocation And Culture is located in Charlottesville, VA. The organization was established in 2006. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2017, Washington Institute For Faith Vocation And Culture employed 2 individuals. Washington Institute For Faith Vocation And Culture 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 12/2017, Washington Institute For Faith Vocation And Culture generated $133.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (24.6%) each year. All expenses for the organization totaled $123.2k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (21.0%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE WASINGTON INSTITUTE SEEKS A RENEWED VISION OF VOCATION AND THE COMMONGOOD BY TEACHING, SERVING & EQUIPPING PEOPLE TO UNDERSTAND THEIR CALLINGS AND CAREERS AS INTEGRAL TO THE MISSION OF GOD IN THE WORLD.
Describe the Organization's Program Activity:
Part 3
TEACHING AND SPEAKING: SPEAKING ENGAGEMENT FOR A FEE CONDUCTED AT CONFERENCES, CHURCHES, SEMINARIES, UNIVERSITIES AND OTHER SETTINGS. THIS PROGRAM INCLUDES ABOUT 20 EVENTS PER YEAR WITH APPROXIMATELY 100-500 PEOPLE ATTENDING EACH EVENT.
WEBSITE AND WRITING: ALL STAFF MEMBERS OF THE INSTITUTION ARE REGULARLYDEVELOPING CONTENT FOR THE SAKE OF TEACHING AND EDUCATION, SOME OF WHICH IS DONE THROUGH ARTICLES ON OUR WEBSITE, BLOGS, IN MAGZINES OR OTHER SPECIAL MONOGRAPHS. COLLECTIVELY OUR STAF GENERALLY DEVELOPS APPROXIMATELY 3 ARTICLES A WEEK THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kwang Kim Chairman | 1 | $0 | |
Graham Wells Treasurer | 1 | $0 | |
Steven Garber Founder & Principal | 40 | $73,333 | |
John Lankford Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,975 |
| Total Program Service Revenue | $131,373 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $133,348 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $73,333 |
| Professional fees and other payments to independent contractors | $17,850 |
| Occupancy, rent, utilities, and maintenance | $280 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $31,698 |
| Total expenses | $123,161 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $72,243 |
| Other assets | $0 |
| Total assets | $116,854 |
| Total liabilities | $0 |
| Net assets or fund balances | $116,854 |