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Nonprofiteer
← FAITHACTS FOR EDUCATION INC

Form 990 for tax year 2023

Filed by FAITHACTS FOR EDUCATION INC.

Totals

Total revenue
$2,582,845
Total expenses
$3,198,272
Contributions and grants received
$2,568,116
Grants paid
$33,252
Program service revenue
$0
Investment income
$12,347
Other revenue
$2,382
Total assets, end of year
$2,326,153
Total liabilities, end of year
$1,324,538
Net assets or fund balances, end of year
$1,001,615
Program services expenses (Part IX)
$2,111,980
Management and general expenses
$744,049
Fundraising expenses
$342,243
Program service expenses (Part III)
$2,111,980

Program services were 66.0% 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

    $2,568,116

  • 3 · Investment income

    total $12,347 · excluded $12,347

  • 11a · Other revenue: MISCELLANEOUS

    total $2,382 · excluded $2,382

  • 11e · Other revenue, total

    $2,382

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $33,252 · program services $33,252

  • 5 · Compensation of officers, directors and key employees

    total $501,004 · program services $361,173 · management and general $76,389 · fundraising $63,442

  • 7 · Other salaries and wages

    total $1,065,403 · program services $768,022 · management and general $162,475 · fundraising $134,906

  • 8 · Pension plan contributions

    total $36,431 · program services $26,262 · management and general $5,556 · fundraising $4,613

  • 9 · Other employee benefits

    total $96,401 · program services $69,481 · management and general $14,707 · fundraising $12,213

  • 10 · Payroll taxes

    total $118,061 · program services $85,108 · management and general $18,003 · fundraising $14,950

  • 11b · Fees: legal

    total $14,808 · management and general $14,808

  • 11c · Fees: accounting

    total $144,578 · management and general $144,578

  • 11d · Fees: lobbying

    total $81,769 · program services $80,320 · management and general $1,449

  • 11e · Fees: professional fundraising services

    total $20,000 · fundraising $20,000

  • 11g · Fees: other

    total $655,896 · program services $519,436 · management and general $128,742 · fundraising $7,718

  • 12 · Advertising and promotion

    total $32,463 · program services $32,463

  • 13 · Office expenses

    total $74,471 · program services $40,788 · management and general $33,177 · fundraising $506

  • 14 · Information technology

    total $46,861 · program services $10,609 · management and general $35,707 · fundraising $545

  • 16 · Occupancy

    total $21,379 · program services $4,840 · management and general $16,290 · fundraising $249

  • 17 · Travel

    total $55,803 · program services $30,225 · management and general $21,719 · fundraising $3,859

  • 19 · Conferences, conventions and meetings

    total $32,445 · program services $28,150 · management and general $4,065 · fundraising $230

  • 22 · Depreciation, depletion and amortization

    total $7,750 · program services $1,755 · management and general $5,905 · fundraising $90

  • 23 · Insurance

    total $5,909 · program services $1,338 · management and general $4,502 · fundraising $69

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $89,578 · program services $2,478 · management and general $8,964 · fundraising $78,136

  • 24b · Other expenses: PROFESSIONAL DEVELOPMEN

    total $55,314 · program services $12,523 · management and general $42,148 · fundraising $643

  • 24c · Other expenses: SEARCH/RECRUITMENT

    total $6,385 · program services $1,446 · management and general $4,865 · fundraising $74

  • 24d · Other expenses: MEMBER RECOGNITION

    total $2,311 · program services $2,311

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $612,730 · end of year $655,759

  • 2 · Savings and temporary cash investments

    beginning of year $1,252,309 · end of year $1,005,241

  • 4 · Accounts receivable

    beginning of year $476,162 · end of year $589,166

  • 9 · Prepaid expenses and deferred charges

    beginning of year $78,404 · end of year $37,237

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

    $46,500

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

    $7,750

  • 10c · Land, buildings and equipment, net

    beginning of year $31,000 · end of year $38,750

  • 17 · Accounts payable and accrued expenses

    beginning of year $183,960 · end of year $186,538

  • 18 · Grants payable

    beginning of year $49,603 · end of year $38,000

  • 19 · Deferred revenue

    beginning of year $600,000 · end of year $1,100,000

  • 27 · Net assets without donor restrictions

    beginning of year $105,962 · end of year $239,955

  • 28 · Net assets with donor restrictions

    beginning of year $1,511,080 · end of year $761,660

Mission and programs · 2023

Mission

WE ARE PEOPLE OF FAITH BUILDING POWER TO GET OUR CHILDREN THE EDUCATION THEY DESERVE.

  • OUTREACH- BUILDING RELATIONSHIPS WITH PEOPLE OF FAITH IN ORDER TO LEVERAGE THEIR VOICES IN THE EFFORT TO IMPROVE EDUCATION IN BRIDGEPORT.

    Expenses $747,616 · Grants $33,252

  • EDUCATION AND TRAINING- PROVIDING INFORMATION ABOUT ISSUES FACING CONNECTICUT EDUCATION AND OPPORTUNITIES TO IMPROVE IT. EQUIPPING FAITHACTS MEMBERS WITH TOOLS TO IMPROVE EDUCATION IN THEIR CITY.

    Expenses $345,853

  • COMMUNITY EVENTS- CREATING OPPORTUNITIES FOR THE BROADER COMMUNITY TO COME TOGETHER AROUND EDUCATION IN CONNECTICUT.

    Expenses $659,167

  • Expenses $359,344

As filed on the 2023 return.

Listed in Part VII

  • Pastor Jeremy Williams

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Alex Johnston

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Rev Cass Shaw

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Pastor Moses Mercedes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bishop John Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Toni Harp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gayle Slossberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jamilah Prince-Stewart

    EXECUTIVE DIRECTOR

    Total calculated
    $259,148
    From this org
    $233,874
    From related orgs
    $0
    Other
    $25,274
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,874
    Bonus
    $0
    Other
    $0
    Deferred
    $12,540
    Nontaxable benefits
    $12,734
    Filer's total
    $259,148

  • Amanda Pinto

    CHIEF COMMUNICATIONS OFFICER

    Total calculated
    $175,769
    From this org
    $166,981
    From related orgs
    $0
    Other
    $8,788
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,981
    Bonus
    $0
    Other
    $0
    Deferred
    $8,788
    Nontaxable benefits
    $0
    Filer's total
    $175,769

  • Edisha Brandy

    EXEC. VP, OP. & FIN. (AS OF 7/23)

    Total calculated
    $66,087
    From this org
    $66,087
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Brittany Coleman

    CHIEF IMPACT OFFICER

    Total calculated
    $181,482
    From this org
    $163,995
    From related orgs
    $0
    Other
    $17,487
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,995
    Bonus
    $0
    Other
    $0
    Deferred
    $9,396
    Nontaxable benefits
    $8,091
    Filer's total
    $181,482

  • Duanecia Evans Clark

    CHIEF STRATEGY OFFICER

    Total calculated
    $189,271
    From this org
    $172,018
    From related orgs
    $0
    Other
    $17,253
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,018
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,253
    Filer's total
    $189,271

  • Brandon Clark

    CHIEF OF STAFF (THRU 08/23)

    Total calculated
    $134,851
    From this org
    $110,961
    From related orgs
    $0
    Other
    $23,890
    Hours/week
    40

  • Solana Davis

    SENIOR DIRECTOR OF PROGRAM

    Total calculated
    $135,126
    From this org
    $121,131
    From related orgs
    $0
    Other
    $13,995
    Hours/week
    40

  • Meredith Cosby

    DIRECTOR OF OPERATIONS

    Total calculated
    $122,775
    From this org
    $113,175
    From related orgs
    $0
    Other
    $9,600
    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. 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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 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 4A
BRANDON CLARK RECEIVED SEVERANCE THAT WAS PAID OUT IN AUGUST 2023 AND IS INCLUDED IN TOTAL COMPENSATION REPORTED IN PART VII.

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

Provenance

Return type
form_990
Tax year
2023
Filed
4 October 2024
IRS schema version
2023v5.1
Source object
202402899349303150

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