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Nonprofiteer
← THE FOUNDRY MINISTRIES INC

Form 990 for tax year 2024

Filed by THE FOUNDRY MINISTRIES INC.

Totals

Total revenue
$9,244,229
Total expenses
$8,465,212
Contributions and grants received
$2,922,736
Grants paid
$0
Program service revenue
$6,063,895
Investment income
$54,106
Other revenue
$203,492
Total assets, end of year
$8,542,969
Total liabilities, end of year
$4,232,061
Net assets or fund balances, end of year
$4,310,908
Program services expenses (Part IX)
$6,522,716
Management and general expenses
$1,071,471
Fundraising expenses
$871,025
Program service expenses (Part III)
$6,522,716

Program services were 77.1% 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.

  • 1e · Government grants (contributions)

    $21,416

  • 1f · All other contributions, gifts and grants

    $2,901,320

  • 1g · Noncash contributions included above

    $176,780

  • 2a · Program service revenue: BARGAIN CENTER SALES

    total $5,269,367 · related or exempt $5,269,367

  • 2b · Program service revenue: PROGRAM SERVICE REVENU

    total $732,749 · related or exempt $732,749

  • 2c · Program service revenue: AUTO CENTER SALES

    total $61,779 · related or exempt $61,779

  • 3 · Investment income

    total $34,906 · excluded $34,906

  • 7a · Gross sales of assets other than inventory

    other assets $19,200

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $19,200

  • 7d · Net gain or loss

    total $19,200 · excluded $19,200

  • 8a · Fundraising events: gross income

    $372,978

  • 8b · Fundraising events: direct expenses

    $179,210

  • 8c · Net income from fundraising events

    total $193,768 · excluded $193,768

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $9,724 · related or exempt $9,724

  • 11e · Other revenue, total

    $9,724

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $344,820 · program services $344,820

  • 7 · Other salaries and wages

    total $3,055,849 · program services $2,376,907 · management and general $321,700 · fundraising $357,242

  • 9 · Other employee benefits

    total $221,507 · program services $165,976 · management and general $37,909 · fundraising $17,622

  • 10 · Payroll taxes

    total $245,137 · program services $200,021 · management and general $18,629 · fundraising $26,487

  • 11c · Fees: accounting

    total $22,253 · program services $12,770 · management and general $9,483

  • 11e · Fees: professional fundraising services

    total $233,880 · fundraising $233,880

  • 11g · Fees: other

    total $247,919 · program services $142,271 · management and general $105,648

  • 12 · Advertising and promotion

    total $125,954 · fundraising $125,954

  • 13 · Office expenses

    total $446,384 · program services $402,710 · management and general $12,393 · fundraising $31,281

  • 16 · Occupancy

    total $1,357,349 · program services $1,335,709 · management and general $13,326 · fundraising $8,314

  • 17 · Travel

    total $40,410 · program services $15,595 · management and general $20,838 · fundraising $3,977

  • 19 · Conferences, conventions and meetings

    total $14,130 · program services $7,467 · management and general $6,541 · fundraising $122

  • 20 · Interest

    total $135,198 · program services $108,422 · management and general $26,763 · fundraising $13

  • 22 · Depreciation, depletion and amortization

    total $373,943 · management and general $373,943

  • 23 · Insurance

    total $255,965 · program services $219,042 · management and general $18,771 · fundraising $18,152

  • 24a · Other expenses: RECOVERY PROGRAM

    total $707,479 · program services $600,977 · management and general $70,214 · fundraising $36,288

  • 24b · Other expenses: AUTO CENTER

    total $247,414 · program services $235,400 · management and general $11,968 · fundraising $46

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $163,952 · program services $162,946 · management and general $1,006 · fundraising $0

  • 24d · Other expenses: MISCELLANEOUS

    total $157,589 · program services $123,603 · management and general $22,339 · fundraising $11,647

  • 24e · All other expenses

    total $68,080 · program services $68,080

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $881,222 · end of year $965,462

  • 3 · Pledges and grants receivable

    beginning of year $77,752 · end of year $176,351

  • 8 · Inventories for sale or use

    beginning of year $284,397 · end of year $275,080

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,699 · end of year $27,469

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

    $8,795,530

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

    $3,813,136

  • 10c · Land, buildings and equipment, net

    beginning of year $4,566,141 · end of year $4,982,394

  • 15 · Other assets

    beginning of year $2,594,506 · end of year $2,116,213

  • 17 · Accounts payable and accrued expenses

    beginning of year $442,786 · end of year $394,581

  • 23 · Secured mortgages and notes payable

    beginning of year $500,000 · end of year $496,685

  • 25 · Other liabilities

    beginning of year $3,965,040 · end of year $3,340,795

  • 27 · Net assets without donor restrictions

    beginning of year $3,414,947 · end of year $4,033,834

  • 28 · Net assets with donor restrictions

    beginning of year $116,944 · end of year $277,074

Mission and programs · 2024

Mission

A CHRIST-CENTERED NON-PROFIT OFFERING COMPREHENSIVE RECOVERY FOR SUBSTANCE ABUSE AND OTHER LIFE-CONTROLLING PROBLEMS VIA COUNSELING, CASE MANAGEMENT, EDUCATION, EMPLOYMENT READINESS AND AFTERCARE SERVICES. THE FOUNDRY MINISTRIES RESTORES HOPE AND REBUILDS THE LIVES OF THE ADDICT THROUGH CHRIST-CENTERED RECOVERY.

Activities or mission (Part I)

A CHRIST-CENTERED NON-PROFIT OFFERRING COMPREHENSIVE RECOVERY FOR SUBSTANCE ABUSE AND OTHER LIFE-CONTROLLING PROBLEMS VIA COUNSELING, CASE MANAGEMENT, EDUCATION, EMPLOYMENT READINESS AND AFTERCARE SERVICES. ADDITIONAL SERVICES INCLUDE FOOD, HOUSING, TRANSPORTATION, CLOTHING, LEGAL ASSISTANCE AND MENTAL HEALTH CARE.

  • TO RESTORE HOPE AND REBUILD THE LIVES OF THE ADDICTED AND DESTITUTE THROUGH CHRIST-CENTERED RECOVERY.

    Expenses $3,248,037 · Revenue $742,473

  • THE FOUNDRY RECEIVES DONATIONS OF CLOTHING AND HOUSEHOLD GOODS THAT ARE THEN SOLD IN THE BARGAIN CENTERS LOCATED IN CULLMAN AND PELHAM IN ORDER TO FURTHER THE OVERALL MISSION OF REBUILDING THE LIVES OF THE ADDICTED AND DESTITUTE.

    Expenses $3,274,679 · Revenue $5,269,367

  • THE FOUNDRY RECEIVES DONATIONS OF AUTOMOBILES THAT ARE USED IN TRAINING INDIVIDUALS IN THE ORGANIZATION'S RECOVERY PROGRAMS ON SKILL BUILDING IN ORDER TO FURTHER THE OVERALL MISSION OF REBUILDING THE LIVES OF THE ADDICTED AND DESTITUTE.

    Revenue $61,779

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Edmund Perry

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • C Ben Nevins

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Craig Cecil

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Sherri Jackson Pereira

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Anthony Bandura

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Whit Debardeleben

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • M J Lyons III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tanner Allen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Beau Armistead

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Cornay

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Enrico Camata

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jay Weatherly

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tom Mayfield

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Eric Kerley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kerri Crowe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Stewart Dunbar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Lindsay Hackney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Rick Stewart

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Micah Andrews

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $130,000
    From this org
    $95,000
    From related orgs
    $0
    Other
    $35,000
    Hours/week
    40
  • Paul L Barber

    CHIEF FINANCIAL OFFICER

    Total calculated
    $45,305
    From this org
    $41,230
    From related orgs
    $0
    Other
    $4,075
    Hours/week
    40
  • Darrel G Garrett

    CHIEF OPERATING OFFICER

    Total calculated
    $95,491
    From this org
    $52,108
    From related orgs
    $0
    Other
    $43,383
    Hours/week
    40

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.

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.

  • CHANGED LIVES CHRISTIAN CENTER

    501(C)(3) · PROVIDE HOUSING AND WORKFORCE DEVELOPMENT TO THE HOMELESS · AL · controlled entity

    Directly controlled by THE FOUNDRY MINISTRIES INC

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202533219349309123

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