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Nonprofiteer
← FABER INSTITUTE

Form 990 for tax year 2023

Filed by FABER INSTITUTE.

Totals

Total revenue
$244,082
Total expenses
$247,828
Contributions and grants received
$211,833
Grants paid
$0
Program service revenue
$14,953
Investment income
$7,096
Other revenue
$10,200
Total assets, end of year
$404,834
Total liabilities, end of year
$4,929
Net assets or fund balances, end of year
$399,905
Program services expenses (Part IX)
$237,311
Management and general expenses
$10,517
Fundraising expenses
$0
Program service expenses (Part III)
$237,311

Program services were 95.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $211,833

  • 2a · Program service revenue: PROGRAM INCOME

    total $14,953 · related or exempt $14,953

  • 3 · Investment income

    total $7,096 · related or exempt $7,096

  • 11a · Other revenue: SALES

    total $10,200 · related or exempt $10,200

  • 11e · Other revenue, total

    $10,200

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $97,523 · program services $97,523

  • 9 · Other employee benefits

    total $23,500 · program services $23,500

  • 10 · Payroll taxes

    total $10,279 · program services $10,279

  • 11c · Fees: accounting

    total $4,095 · management and general $4,095

  • 11g · Fees: other

    total $86,804 · program services $86,141 · management and general $663

  • 13 · Office expenses

    total $3,376 · program services $195 · management and general $3,181

  • 14 · Information technology

    total $8,627 · program services $8,287 · management and general $340

  • 17 · Travel

    total $7,532 · program services $7,532

  • 22 · Depreciation, depletion and amortization

    total $1,660 · management and general $1,660

  • 23 · Insurance

    total $995 · program services $417 · management and general $578

  • 24a · Other expenses: BOOKS & REFERENCE

    total $3,437 · program services $3,437

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $131,695 · end of year $122,228

  • 2 · Savings and temporary cash investments

    beginning of year $88

  • 10a · Land, buildings and equipment: cost or other basis

    $7,554

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,595

  • 10c · Land, buildings and equipment, net

    beginning of year $432 · end of year $959

  • 11 · Investments: publicly traded securities

    beginning of year $275,423 · end of year $281,647

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,987 · end of year $4,929

  • 27 · Net assets without donor restrictions

    beginning of year $403,651 · end of year $399,905

Mission and programs · 2023

Mission

PROVIDE SPIRITUAL SUPPORT AND EDUCATION

  • PROVIDE SPIRITUAL ENLIGHTENMENT THROUGH SERVICES OFFERED THROUGH THE ORGANIZATION.

    Expenses $233,874

  • EXPENSES RELATED TO PROGRAM INCOME

    Expenses $3,437

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard Ganz

    DIRECTOR

    Total calculated
    $121,023
    From this org
    $97,523
    From related orgs
    $0
    Other
    $23,500
    Hours/week
    40

  • Dan Mallea

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Richard Hook

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 October 2024
IRS schema version
2023v5.0
Source object
202423199349305482

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