The Foundry Ministries Inc
- Assets
- $6.3m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 205
- Location
- Bessemer, AL
- Founding
- 10/1972
- Data as of
- 06/2022
- EIN
- 63-0624278
Organization Overview
The Foundry Ministries Inc is located in Bessemer, AL. The organization was established in 1972. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Foundry Ministries Inc employed 205 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundry Ministries 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 06/2022, Foundry Ministries Inc generated $8.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $7.7m during the year ending 06/2022. While expenses have increased by 1.5% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OPERATES A NON-PROFIT, CHRIST-CENTERED RESCUE MISSION AND LONG-TERM ADDICTION RECOVERY CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RESTORE HOPE AND REBUILD THE LIVES OF THE ADDICTED AND DESTITUTE THROUGH CHRIST-CENTERED RECOVERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Micah Andrews Chief Executive Officer | Officer | 40 | $115,000 |
Joey Daly IV Chief Development Office | Officer | 40 | $77,000 |
Darrell Garrett Chief Operating Officer | Officer | 40 | $76,208 |
Brandon Lackey Chief Program Officer | Officer | 40 | $71,125 |
Quinn Barefield Chief Business Officer | Officer | 40 | $66,750 |
Josh Heintz Chief Enterprise Developme | Officer | 40 | $37,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $698,945 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,885,774 |
| Noncash contributions included in lines 1a–1f | $5,237,922 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,584,719 |
| Total Program Service Revenue | $708,741 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$27,032 |
| Net Income from Fundraising Events | $658,888 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,931,425 |
| 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. | $478,883 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,390,240 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $173,017 |
| Payroll taxes | $221,296 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $78,126 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,791 |
| Advertising and promotion | $141,650 |
| Office expenses | $431,341 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,782,291 |
| Travel | $35,103 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,075 |
| Interest | $111,167 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $295,376 |
| Insurance | $236,343 |
| All other expenses | $26,113 |
| Total functional expenses | $7,656,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,458,912 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $30,751 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $305,975 |
| Prepaid expenses and deferred charges | $13,905 |
| Net Land, buildings, and equipment | $4,437,011 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,882 |
| Total assets | $6,292,436 |
| Accounts payable and accrued expenses | $579,492 |
| 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 | $1,228,830 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,445,261 |
| Total liabilities | $3,253,583 |
| Net assets without donor restrictions | $3,038,853 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $6,292,436 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Foundry Ministries Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Ernest G & Cecil B Williams Foundation Birmingham, AL PURPOSE: FUND CHARITABLE ORGANIZATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Community Centers Of South Broward Inc Davie, FL | $12,657,213 | $12,586,061 |
Memphis Jewish Community Center Memphis, TN | $30,405,033 | $7,860,258 |
The Foundry Ministries Inc Bessemer, AL | $6,292,436 | $8,931,425 |
Adolph And Rose Levis Jewish Community Center Inc Boca Raton, FL | $8,678,935 | $9,704,813 |
Cornerstone Schools Of Alabama Inc Birmingham, AL | $11,890,966 | $6,756,553 |
Dave And Mary Alper Jewish Miami, FL | $9,662,042 | $4,603,433 |
Miami Beach Jewish Community Center Inc Miami Beach, FL | $18,625,446 | $4,829,560 |
Samuel M And Helen E Soref Jewish Community Center Inc Plantation, FL | $5,065,772 | $4,458,636 |
Neighborhood Center Of West Volusia Inc Deland, FL | $3,000,999 | $4,092,130 |
The Cooperative Downtown Ministries Incorporated Birmingham, AL | $9,100,577 | $3,578,316 |
The Palm Beach Jewish Community Campus Corporation West Palm Beach, FL | $9,047,607 | $2,755,008 |
Neighborhood Christian Centers Inc Memphis, TN | $3,652,686 | $3,458,220 |