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← FAITHHEALTH INNOVATIONS INC

Form 990 for tax year 2023

Filed by FAITHHEALTH INNOVATIONS INC.

Totals

Total revenue
$169,108
Total expenses
$277,536
Contributions and grants received
$106,160
Grants paid
$82,538
Program service revenue
$58,941
Investment income
$4,007
Other revenue
$0
Total assets, end of year
$460,675
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$460,675
Program services expenses (Part IX)
$273,271
Management and general expenses
$4,265
Fundraising expenses
$0
Program service expenses (Part III)
$273,271

Program services were 98.5% 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.

  • 1d · Related organizations

    $76,765

  • 1f · All other contributions, gifts and grants

    $29,395

  • 2a · Program service revenue: COACHING/CONSULTING

    total $58,941 · related or exempt $58,941

  • 3 · Investment income

    total $4,007 · excluded $4,007

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $82,538 · program services $82,538

  • 11g · Fees: other

    total $105,352 · program services $105,352

  • 12 · Advertising and promotion

    total $28,830 · program services $28,830

  • 13 · Office expenses

    total $21,829 · program services $17,564 · management and general $4,265

  • 19 · Conferences, conventions and meetings

    total $38,987 · program services $38,987

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $254,883 · end of year $155,527

  • 4 · Accounts receivable

    beginning of year $202,146 · end of year $174,345

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

    $31,513

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

    $31,513

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $110,217 · end of year $130,803

  • 19 · Deferred revenue

    beginning of year $14,744 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $552,502 · end of year $460,675

Mission and programs · 2023

Mission

OPENING DOORS TO HOPE AND WHOLENESS WITH FAITH COMMUNITIES, LAY LEADERS, AND CLERGY THROUGH COACHING, CONSULTING, INTERIM MINISTRY, LEADERSHIP DEVELOPMENT, SPIRITUAL FORMATION, AND EMOTIONAL INTELLIGENCE TRAINING.

Activities or mission (Part I)

OPENING DOORS TO HOPE AND WHOLENESS WITH FAITH COMMUNITIES, LAY LEADERS, AND CLERGY.

  • THE ORGANIZATION PROVIDES TECHNICAL, ACADEMIC, AND RESEARCH ASSISTANCE TO THE FAITHHEALTH DIVISION OF ATRIUM HEALTH WAKE FOREST BAPTIST AS PART OF THE MISSION TO IMPROVE ACCESS TO HEALTH SERVICES AND INDIVIDUALS' HEALTH STATUS THROUGH BUILDING AND ALIGNING COMMUNITY HEALTH ASSETS, BEGINNING IN THE COMMUNTIES LIKELY TO BE SERVED BY THE MEDICAL CENTER. THE ORGANIZATION ALSO CONTINUES TO PROVIDE EDUCATIONAL, CONSULTING AND SUPPORT SERVICES TO CONGREGATIONS, DENOMINATIONS, AND THEIR LEADERS. DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2023, THE ORGANIZATION PROVIDED A MONTHLY AVERAGE OF NEARLY 240 CONSULTATION HOURS TO CONGREGATIONS, MINISTERS, AND CHURCH-CENTERED AGENCIES.

    Expenses $273,271 · Grants $82,538 · Revenue $58,941

As filed on the 2023 return.

Listed in Part VII

  • Bradley A Clark

    TREASURER

    Total calculated
    $1,577,771
    From this org
    $1,431,976
    From related orgs
    $0
    Other
    $145,795
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $991,783
    Bonus
    $356,324
    Other
    $83,869
    Deferred
    $109,999
    Nontaxable benefits
    $35,796
    Filer's total
    $1,577,771

  • J McLain Wallace Jr

    SECRETARY

    Total calculated
    $1,019,508
    From this org
    $0
    From related orgs
    $983,574
    Other
    $35,934
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $611,075 related
    Bonus
    $0 + $228,185 related
    Other
    $0 + $144,314 related
    Deferred
    $0 + $20,425 related
    Nontaxable benefits
    $0 + $15,509 related
    Filer's total
    $0 + $1,019,508 related

  • Dr Gary Gunderson

    DIRECTOR, PRESIDENT (TO 7/30/23)

    Total calculated
    $444,897
    From this org
    $411,968
    From related orgs
    $0
    Other
    $32,929
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $153,511
    Bonus
    $71,500
    Other
    $186,957
    Deferred
    $15,374
    Nontaxable benefits
    $17,555
    Filer's total
    $444,897

  • Brian K Davis

    DIRECTOR, PRESIDENT (FR 8/1/23)

    Total calculated
    $169,700
    From this org
    $152,039
    From related orgs
    $0
    Other
    $17,661
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $151,772
    Bonus
    $0
    Other
    $267
    Deferred
    $8,735
    Nontaxable benefits
    $8,926
    Filer's total
    $169,700

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
CERTAIN DIRECTORS AND OFFICERS OF THE FILING ORGANIZATION PARTICIPATED IN AND/OR RECEIVED PAYMENTS FROM A NON-QUALIFIED DEFERRED COMPENSATION PLAN (RESTORATION OR SERP) AND/OR RECEIVED PAYMENTS FOR SEVERANCE. THE DETERMINATION OF THE PAYMENT AMOUNT FROM NON-QUALIFIED DEFERRED COMPENSATION PLANS FOLLOWED THE EMPLOYMENT ORGANIZATION'S COMPENSATION PROCEDURES. THE FOLLOWING DIRECTORS AND OFFICERS RECEIVED PAYMENTS FOR SEVERANCE AND/OR PAYMENTS FROM NON-QUALIFIED DEFERRED COMPENSATION PLANS DURING THE CURRENT TAX YEAR: SEVERANCE PAYMENTS: DR. GARY GUNDERSON 140,833 NON-QUALIFIED DEFERRED COMPENSATION PAYMENTS: BRADLEY A. CLARK 80,393 J. MCLAIN WALLACE, JR. 114,290 DR. GARY GUNDERSON 57,547
FORM 990, PART VII, LINE 5 - COMPENSATION FROM UNRELATED ORGANIZATION
DR. GARY GUNDERSON WAS COMPENSATED BY WAKE FOREST UNIVERSITY HEALTH SCIENCES, AN AFFILIATED BUT UNRELATED ORGANIZATION, FOR SERVICES RENDERED TO THE ORGANIZATION. SEE PART VII AND SCHEDULE J FOR COMPENSATION. BRADLEY A. CLARK WAS COMPENSATED BY THE CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITY (CMHA, DOING BUSINESS AS ATRIUM HEALTH), AN AFFILIATED BUT UNRELATED ORGANIZATION, FOR SERVICES RENDERED TO THE ORGANIZATION. SEE PART VII AND SCHEDULE J FOR COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MS LAND HOLDING CO LLC

    REAL ESTATE · NC

  • HHI-WS LLC

    INVESTMENT · NC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HIGH POINT HEALTH CARE VENTURES INC

    C · REAL ESTATE · NC

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202413209349301226

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