In Touch Foundation Inc
- Assets
- $85.5m
- Revenue
- $15.0m
- Investments
- $0.0
- Employees
- 16
- Location
- Atlanta, GA
- Founding
- 12/2014
- Data as of
- 09/2022
- EIN
- 58-2054582
Organization Overview
In Touch Foundation Inc is located in Atlanta, GA. The organization was established in 2014. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2022, In Touch Foundation Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. In Touch Foundation 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 09/2022, In Touch Foundation Inc generated $15.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $3.3m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, In Touch Foundation Inc has awarded 26 individual grants totaling $9,889,799. 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
SUPPORT FOR IN TOUCH MINISTRIES AND OTHER CHRISTIAN MINISTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN TOUCH FOUNDATION, INC. IS A CHARITABLE SUBSIDIARY THAT SUPPORTS THE WORK OF IN TOUCH MINISTRIES, INC. FOUNDATION AMBASSADORS BUILD IN-DEPTH, LASTING RELATIONSHIPS WITH MINISTRY PARTNERS BY ENCOURAGING SPIRITUAL GROWTH AND BIBLICAL STEWARDSHIP, DEMONSTRATING APPRECIATION AND PROVIDING INFORMATION ABOUT KEY MINISTRY INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Phillip Bowen Director, Vice-Chair, Pres & CEO | OfficerTrustee | 5 | $0 |
Charles F Stanley Director & Founder | Trustee | 5 | $0 |
Celia Gordon Treasurer & CFO | Officer | 5 | $0 |
Gerald Wolfe Director | Trustee | 1 | $0 |
Howard Bowen Director | Trustee | 1 | $0 |
Dr Thomas Jarrett Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,275,011 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,872,033 |
| Noncash contributions included in lines 1a–1f | $1,426,116 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,147,044 |
| Total Program Service Revenue | $0 |
| Investment income | $4,253,834 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,359 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,411,982 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,991,255 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,660,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $617,014 |
| Pension plan accruals and contributions | $23,677 |
| Other employee benefits | $85,337 |
| Payroll taxes | $52,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,989 |
| Fees for services: Accounting | $10,004 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $98,932 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $621,581 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,707 |
| Travel | $6,924 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $66,506 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,294,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,210,877 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,454,136 |
| 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 | $14,908 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $76,262,725 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,596,821 |
| Total assets | $85,539,467 |
| Accounts payable and accrued expenses | $123,853 |
| 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 | $4,322,093 |
| Total liabilities | $4,445,946 |
| Net assets without donor restrictions | $80,866,782 |
| Net assets with donor restrictions | $226,739 |
| 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 | $85,539,467 |
Grants Awarded
Over the last fiscal year, In Touch Foundation Inc has awarded $1,627,501 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TRUETT MCCONNELL UNIVERSITY PURPOSE: CHRISTIAN MINISTRIES | $1,500,000 |
THE GREATER ATLANTA COMMUNITY FOUNDATION PURPOSE: CHRISTIAN MINISTRIES | $127,501 |