Founded In Faith
- Assets
- $714.1k
- Revenue
- $480.2k
- Investments
- $360.6k
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- Data as of
- 12/2023
- EIN
- 87-1108979
Organization Overview
Founded In Faith is located in Fort Worth, TX. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Founded In Faith is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $451,582 |
| Interest on Savings | $2,391 |
| Dividends & Interest | $26,188 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $480,161 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $688 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,538 |
| Contributions, gifts, grants paid | $40,500 |
| Total expenses and disbursements | $42,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $353,420 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $360,643 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $714,063 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Founded In Faith has awarded $40,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FOOD 4 KIDS PURPOSE: GENERAL FUND | $5,000 |
RONALD MCDONALD HOUSE PURPOSE: GENERAL FUND | $15,000 |
THE NET FW PURPOSE: GENERAL FUND | $12,000 |
MIDLAND SOUP KITCHEN PURPOSE: GENERAL FUND | $3,000 |
TASTE PROJECT PURPOSE: GENERAL FUND | $5,000 |
FIX WEST TEXAS PURPOSE: GENERAL FUND | $500 |