In Touch Foundation Inc
- Assets
- $85.0m
- Revenue
- $40.5m
- Investments
- $0.0
- Employees
- 21
- Location
- Atlanta, GA
- Founding
- 12/2014
- Data as of
- 09/2021
- 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 09/2021, In Touch Foundation Inc employed 21 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 09/2021, In Touch Foundation Inc generated $40.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 45.7% each year . All expenses for the organization totaled $5.7m during the year ending 09/2021. While expenses have increased by 6.5% per year over the past 6 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.
Since 2015, In Touch Foundation Inc has awarded 24 individual grants totaling $8,262,298. 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Kirby Ministry Ambassador | 40 | $111,411 | |
Charlene Medlin Ministry Ambassador | 40 | $101,762 | |
Benjamin Coleman Ministry Ambassador | 40 | $101,227 | |
Phillip Bowen Director,vice-Chairman/president & CEO | OfficerTrustee | 5 | $0 |
Ben F Reed III Director, Secretary | OfficerTrustee | 1 | $0 |
Celia Gordon Cfo/treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $32,611,111 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,954,918 |
| Noncash contributions included in lines 1a–1f | $231,262 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,566,029 |
| Total Program Service Revenue | $0 |
| Investment income | $1,183,381 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,175 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $722,274 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,474,859 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,153,111 |
| 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 | $1,384,369 |
| Pension plan accruals and contributions | $53,099 |
| Other employee benefits | $220,548 |
| Payroll taxes | $104,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,384 |
| Fees for services: Accounting | $10,739 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,693 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $587,307 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,960 |
| Travel | $6,765 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,979 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,661,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,003,048 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $341,534 |
| 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 | $57,055 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $74,524,264 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,065,637 |
| Total assets | $84,991,538 |
| Accounts payable and accrued expenses | $66,617 |
| 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 | $4,588,296 |
| Total liabilities | $4,654,913 |
| Net assets without donor restrictions | $78,900,643 |
| Net assets with donor restrictions | $1,435,982 |
| 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 | $84,991,538 |
Grants Awarded
Over the last fiscal year, In Touch Foundation Inc has awarded $3,143,611 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Worth, TX PURPOSE: CHRISTIAN MINISTRIES | $2,000,000 |
Franklin Springs, GA PURPOSE: CHRISTIAN MINISTRIES | $1,000,000 |
North Charleston, SC PURPOSE: CHRISTIAN MINISTRIES | $100,000 |
Atlanta, GA PURPOSE: CHRISTIAN MINISTRIES | $43,611 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that In Touch Foundation Inc has recieved totaling $78,845.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $42,858 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $20,085 |
Amg Charitable Gift Foundation Greenwood Village, CO PURPOSE: RELIGION | $8,000 |
Robert And Kay Fowler Perpetual Charitable Tr Glen Allen, VA PURPOSE: GENERAL SUPPORT | $7,500 |
Graco Foundation Minneapolis, MN PURPOSE: GIFT MATCHING | $332 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $70 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Piedmont Triad Charitable Foundation Greensboro, NC | $5,589,144 | $15,418,213 |
Tim Tebow Foundation Inc Jacksonville, FL | $44,406,420 | $40,166,030 |
In Touch Foundation Inc Atlanta, GA | $84,991,538 | $40,474,859 |
Boys & Girls Clubs Of The Midlands Columbia, SC | $2,396,839 | $5,933,397 |
Elaine Nicpon Marieb Charitable Foundation Naples, FL | $63,080,385 | $8,696,635 |
Marlene And Spencer Hays Foundation Nashville, TN | $119,169,427 | $6,377,944 |
The Florida Concrete Masonry Education Council Inc Gainesville, FL | $2,957,826 | $3,367,750 |
Parents With A Purpose Inc Atlanta, GA | $315,977 | $2,301,377 |
Global Generosity Inc Alpharetta, GA | $2,653,838 | $2,877,884 |
Jk And Db Gulley Mem Tuw J K Gulley Tr Orlando, FL | $0 | $486,471 |
Recovery Research Network Foundation Inc Atlantis, FL | $303,889 | $1,495,637 |
Geo Group Foundation Inc Boca Raton, FL | $194,115 | $1,477,065 |