Wichita Falls Faith Mission Inc
- Assets
- $6.5m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 85
- Location
- Wichita Falls, TX
- Founding
- 11/1981
- Data as of
- 06/2022
- EIN
- 75-1779401
Organization Overview
Wichita Falls Faith Mission Inc is located in Wichita Falls, TX. The organization was established in 1981. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Wichita Falls Faith Mission Inc employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wichita Falls Faith Mission 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, Wichita Falls Faith Mission Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 7.2% 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
OUR VISION IS TO ELIMINATE HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH ITS TWO SHELTERS FAITH MISSION FOR MEN AND FAMILIES AND FAITH REFUGE FOR WOMEN AND CHILDREN, WICHITA FALLS FAITH MISSION, INC. PROVIDES CHRIST-CENTERED PROGRAMS AND SERVICES THAT LEAD THE HOMELESS AND ADDICTED TOWARD SELF-SUFFICIENCY. TOTAL MEALS SERVED 115,146 NIGHTS OF SHELTER FOR MEN 16,880 NIGHTS OF SHELTER FOR WOMEN 14,754 NIGHTS OF SHELTER FOR CHILDREN 3,103
WITH COMPASSION AND GRACE, WE ARE HERE TO HELP THOSE IN NEED RE-BUILD THEIR LIVES. WITH JESUS AS OUR EXAMPLE AND THE BIBLE AS OUR GUIDE WE SEEK TO EMPOWER MEN AND WOMEN THROUGH SPIRITUAL, PROFESSIONAL, AND EDUCATIONAL GROWTH PROGRAMS IN A FAITH-BASED ATMOSPHERE.
FAITH RESALE IS A SOCIAL ENTERPRISE PROGRAM WHERE DONATED CLOTHING AND HOUSEHOLD ITEMS ARE SOLD. 100 PERCENT OF THE PROFIT FROM THE STORE ARE USED TO HELP WITH THE OPERATING COST OF THE TWO SHELTERS, FAITH MISSION AND FAITH REFUGE. THE STORE IS ALSO USED FOR TRAINING FOR THE MEN AND WOMEN AS PART OF THE JOB READINESS PROGRAM. HERE THEY LEARN JOB SKILLS LIKE BEING DEPENDABLE, BEING RELIABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Sparks Executive Director | Officer | 50 | $75,501 |
Nina Brackeen Vice Chairman | OfficerTrustee | 1 | $0 |
Vernal L Huffines Treasurer | OfficerTrustee | 1 | $0 |
Brian Blair Chairman | OfficerTrustee | 2 | $0 |
Jennifer Estes Secretary | OfficerTrustee | 1 | $0 |
David Hartwell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $268,642 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,736,127 |
| Noncash contributions included in lines 1a–1f | $1,178,380 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,004,769 |
| Total Program Service Revenue | $14,985 |
| Investment income | $2,383 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $347 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,486 |
| Net Income from Fundraising Events | -$14,288 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $559,425 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,566,359 |
| 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. | $75,501 |
| Compensation of current officers, directors, key employees. | $75,501 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,269,034 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $83,591 |
| Payroll taxes | $118,070 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,939 |
| Advertising and promotion | $150,422 |
| Office expenses | $134,079 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $359,160 |
| Travel | $10,439 |
| 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 | $244,356 |
| Insurance | $101,495 |
| All other expenses | $9,165 |
| Total functional expenses | $3,125,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,347 |
| Savings and temporary cash investments | $1,554,953 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,835 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,441 |
| Inventories for sale or use | $94,389 |
| Prepaid expenses and deferred charges | $25,640 |
| Net Land, buildings, and equipment | $4,423,419 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,471,024 |
| Accounts payable and accrued expenses | $119,578 |
| 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 | $6,003 |
| Total liabilities | $125,581 |
| Net assets without donor restrictions | $6,185,494 |
| Net assets with donor restrictions | $159,949 |
| 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 | $6,471,024 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Wichita Falls Faith Mission Inc has recieved totaling $115,662.
| Awarding Organization | Amount |
|---|---|
Wichita Falls Area Community Foundation Wichita Falls, TX PURPOSE: Human Service | $57,501 |
Gene Conley Foundation Las Vegas, NV PURPOSE: GENERAL OPERATING | $25,000 |
Priddy Foundation Wichita Falls, TX PURPOSE: PROGRAM SUPPORT 2022 | $10,000 |
Priddy Foundation Wichita Falls, TX PURPOSE: FAITH REFUGE PROGRAM SUPPORT 2022 | $10,000 |
Wichita Falls Area Community Foundation Wichita Falls, TX PURPOSE: Human Services | $6,711 |
Thomas H & Laverne Caldwell Charitable Foundation Las Vegas, NV PURPOSE: GENERAL OPERATING | $3,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Family Legacy Missions International Dallas, TX | $14,330,799 | $19,529,503 |
East-West Ministries International Plano, TX | $8,184,642 | $19,204,558 |
Marketplace Ministries Inc Plano, TX | $5,987,779 | $19,506,765 |
Pioneer Bible Translators Dallas, TX | $22,558,672 | $19,174,102 |
Society Of St Vincent De Paul Archdiocese Of Galveston-Houston Houston, TX | $7,339,150 | $16,634,792 |
E3 Partners Ministry Plano, TX | $6,012,362 | $14,710,236 |
San Antonio Metropolitan Ministry Inc San Antonio, TX | $12,579,627 | $13,414,405 |
Sower Of Seeds International Ministries Inc Keller, TX | $3,316,148 | $10,449,598 |
Restore Hope Ministries Inc Tulsa, OK | $8,417,745 | $10,753,534 |
Les Feldick Ministries Kinta, OK | $8,711,680 | $12,215,004 |
Union Gospel Mission Of Tarrant County Fort Worth, TX | $65,887,376 | $29,455,408 |
Minnie Slaughter Veal Memorial Fund Dallas, TX | $15,276,892 | $11,585,960 |