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Nonprofiteer
← FIRM FOUNDATION MINISTRIES INC

Form 990 for tax year 2022

Filed by FIRM FOUNDATION MINISTRIES INC.

Totals

Total revenue
$200,588
Total expenses
$238,640
Contributions and grants received
$172,864
Grants paid
$700
Program service revenue
$0
Investment income
$2
Other revenue
$27,722
Total assets, end of year
$512,568
Total liabilities, end of year
$170,768
Net assets or fund balances, end of year
$341,800
Program services expenses (Part IX)
$179,152
Management and general expenses
$47,588
Fundraising expenses
$11,900
Program service expenses (Part III)
$179,152

Program services were 75.1% 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.

  • 1f · All other contributions, gifts and grants

    $172,864

  • 3 · Investment income

    total $2 · related or exempt $2

  • 6a · Gross rents

    real property $123,382

  • 6b · Less rental expenses

    real property $96,334

  • 6c · Rental income or loss

    real property $27,048

  • 6d · Net rental income or loss

    total $27,048 · related or exempt $27,048

  • 11a · Other revenue: PRODUCT SALES

    total $674 · related or exempt $674

  • 11e · Other revenue, total

    $674

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $700 · program services $700

  • 5 · Compensation of officers, directors and key employees

    total $57,115 · program services $42,836 · management and general $11,423 · fundraising $2,856

  • 7 · Other salaries and wages

    total $68,637 · program services $51,478 · management and general $13,727 · fundraising $3,432

  • 11a · Fees: management

    total $26,232 · program services $19,674 · management and general $5,246 · fundraising $1,312

  • 11b · Fees: legal

    total $2,012 · program services $1,509 · management and general $402 · fundraising $101

  • 11c · Fees: accounting

    total $4,670 · program services $3,502 · management and general $934 · fundraising $234

  • 12 · Advertising and promotion

    total $5,804 · program services $4,353 · management and general $1,161 · fundraising $290

  • 13 · Office expenses

    total $2,690 · program services $2,017 · management and general $538 · fundraising $135

  • 17 · Travel

    total $24,017 · program services $18,013 · management and general $4,803 · fundraising $1,201

  • 24a · Other expenses: TECHNOLOGY

    total $14,735 · program services $11,051 · management and general $2,947 · fundraising $737

  • 24b · Other expenses: RENT EXPENSES

    total $13,808 · program services $10,356 · management and general $2,762 · fundraising $690

  • 24c · Other expenses: CIRRICULUM

    total $13,473 · program services $10,104 · management and general $2,695 · fundraising $674

  • 24d · Other expenses: PROGRAM EXPENSES

    total $1,335 · program services $1,001 · management and general $267 · fundraising $67

  • 24e · All other expenses

    total $3,412 · program services $2,558 · management and general $683 · fundraising $171

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $19,212 · end of year $27,556

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

    $567,542

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

    $82,530

  • 10c · Land, buildings and equipment, net

    beginning of year $489,657 · end of year $485,012

  • 17 · Accounts payable and accrued expenses

    end of year $46,859

  • 23 · Secured mortgages and notes payable

    beginning of year $129,017 · end of year $123,909

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $379,852 · end of year $341,800

Mission and programs · 2022

Mission

TO STRENGHTHEN AND EMPOWER INCARCERATED OR FORMERLY INCARCERATED INVDIVIDUALS FROM A FAITH BASED POSITION WHILE HONORING SOLID, WELL PROVEN CIRRICULUM, PROVIDING TRAINING BEFORE AND AFTER RELEASE. ALSO PROVIDING TRANSITIONAL FOUSING FOR FORMERLY INCARCERATED TO HELP SHAPE THEM SO THEY CAN BE SUCCESSFUL IN LIFE AND PRODUCTIVE IN SOCIETY.

  • PROVIDING TRANSITION HOUSING, EDUCATION, AND TRAINING FOR THE INCARCERATED AND FORMERLY INCARCERATED.

    Expenses $179,152 · Grants $700 · Revenue $27,724

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Matthew Thomas

    PRESIDENT

    Total calculated
    $57,115
    From this org
    $57,115
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Christina Thomas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Candice Gibson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Ryan Baty

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Billups

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve Dixon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Adria Medlen

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Heather Bechler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charles Allen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202333109349302693

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