Family Foundation Fund Inc
- Assets
- $241.1k
- Revenue
- $334.0k
- Investments
- $500.0
- Employees
- 4
- Location
- Nashville, TN
- Founding
- 04/1993
- Data as of
- 12/2022
- EIN
- 62-1515570
Organization Overview
Family Foundation Fund Inc is located in Nashville, TN. The organization was established in 1993. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 12/2022, Family Foundation Fund Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Foundation Fund 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 12/2022, Family Foundation Fund Inc generated $334.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $292.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NURTURE FATHERLESS BOYS IN CHRIST-CENTERED MANHOOD BY CHANGING LIVES ONE BOY AT A TIME AND TO INSPIRE AND EQUIP MEN TO BE FATHERS THAT IMPACT THE DESTINY OF THE NEXT GENERATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENTORING YOUNG MEN FROM FATHERLESS HOMES AND FUNDING THEIR EDUCATION THROUGH PRIVATE CHRISTIAN SCHOOLS. 7 YOUNG MEN PARTICIPATED IN SON CAMP IN 2022. 2 YOUNG MEN RECEIVED TUITION ASSISTANCE IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Onnie Kirk Executive Director & Directo | OfficerTrustee | 40 | $56,083 |
Margienell S Kirk Director | Trustee | 24 | $27,130 |
Mike Monica Harley Director | Trustee | 1 | $0 |
Travis Robin Dunn Director | Trustee | 1 | $0 |
Todd Jean Shuttleworth Director | Trustee | 1 | $0 |
Ron Willie Carpenter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $308,016 |
| Noncash contributions included in lines 1a–1f | $1,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $308,016 |
| Total Program Service Revenue | $22,920 |
| Investment income | $2,183 |
| 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 | $333,979 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $38,281 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $69,545 |
| Compensation of current officers, directors, key employees. | $24,341 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,543 |
| Pension plan accruals and contributions | $2,047 |
| Other employee benefits | $0 |
| Payroll taxes | $9,487 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,318 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,622 |
| Advertising and promotion | $0 |
| Office expenses | $6,125 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,887 |
| Travel | $9,840 |
| 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 | $11,323 |
| Insurance | $0 |
| All other expenses | $11,875 |
| Total functional expenses | $292,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,477 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $40,835 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,680 |
| Net Land, buildings, and equipment | $40,482 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $500 |
| Investments—program-related | $1,200 |
| Intangible assets | $0 |
| Other assets | $1,890 |
| Total assets | $241,064 |
| Accounts payable and accrued expenses | $10,187 |
| 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 | $19,283 |
| Total liabilities | $29,470 |
| Net assets without donor restrictions | $149,094 |
| Net assets with donor restrictions | $62,500 |
| 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 | $241,064 |