Totals
- Total revenue
- $1,675,936
- Total expenses
- $293,621
- Contributions and grants received
- $1,418,479
- Grants paid
- $0
- Program service revenue
- $18,245
- Investment income
- $0
- Other revenue
- $239,212
- Total assets, end of year
- $2,526,969
- Total liabilities, end of year
- $694
- Net assets or fund balances, end of year
- $2,526,275
- Program services expenses (Part IX)
- $195,808
- Management and general expenses
- $55,778
- Fundraising expenses
- $42,035
- Program service expenses (Part III)
- $195,808
Program services were 66.7% 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
$1,418,479
-
2a · Program service revenue: CLIENT RENT
total $18,245 · related or exempt $18,245
-
8a · Fundraising events: gross income
$394,814
-
8b · Fundraising events: direct expenses
$155,602
-
8c · Net income from fundraising events
total $239,212 · excluded $239,212
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $88,587 · program services $20,375 · management and general $36,321 · fundraising $31,891
-
10 · Payroll taxes
total $6,948 · program services $1,598 · management and general $2,849 · fundraising $2,501
-
11b · Fees: legal
total $200 · management and general $196 · fundraising $4
-
11c · Fees: accounting
total $8,812 · management and general $8,636 · fundraising $176
-
12 · Advertising and promotion
total $24,449 · program services $22,004 · fundraising $2,445
-
13 · Office expenses
total $32,086 · program services $22,501 · management and general $6,374 · fundraising $3,211
-
16 · Occupancy
total $65,041 · program services $65,041
-
17 · Travel
total $1,402 · management and general $1,402
-
19 · Conferences, conventions and meetings
total $1,807 · fundraising $1,807
-
22 · Depreciation, depletion and amortization
total $17,714 · program services $17,714
-
23 · Insurance
total $23,399 · program services $23,399
-
24a · Other expenses: PROGRAM EXPENSES
total $16,253 · program services $16,253
-
24b · Other expenses: REIMBURSABLE EXPENSES
total $6,138 · program services $6,138
-
24c · Other expenses: TAXES AND LICENSES
total $607 · program services $607
-
24d · Other expenses: CONTINUING EDUCATION
total $178 · program services $178
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $779,962 · end of year $2,111,585
-
4 · Accounts receivable
beginning of year $25,045 · end of year $22,095
-
10a · Land, buildings and equipment: cost or other basis
$442,435
-
10b · Land, buildings and equipment: accumulated depreciation
$49,146
-
10c · Land, buildings and equipment, net
beginning of year $340,502 · end of year $393,289
-
17 · Accounts payable and accrued expenses
beginning of year $1,549 · end of year $694
-
27 · Net assets without donor restrictions
beginning of year $1,143,960 · end of year $2,526,275
Mission and programs · 2023
Mission
EMPOWERING AND EQUIPPING YOUNG ADULTS IN REACHING THEIR FULL POTENTIAL THROUGH ACCOUNTABILITY, MENTORSHIP, AND LEADERSHIP.
Activities or mission (Part I)
A COMMUNITY OF LEADERS EQUIPPING AND EMPOWERING YOUNG ADULTS WHO ARE WITHOUT A RELIABLE ADULT.
-
THE FAINE HOUSE WAS ABLE TO PROVIDE TRANSITIONAL HOUSING, INCLUDING FOOD, CLOTHING, LIVING NECESSITIES, EMPLOYMENT & EDUCATIONAL OPPORTUNITIES TO 10 YOUNG ADULTS. THE FAINE HOUSE ALSO PROVIDED ONGOING LIFE SKILLS, TUTORING, MENTORSHIP AND TRANSPORTATION.
Expenses $195,808 · Revenue $18,245
As filed on the 2023 return.
Listed in Part VII
-
Jeff SharonJEFF SHARON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brittany FaineBRITTANY FAINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Fred GuittonFRED GUITTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff CondelloJEFF CONDELLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Katie BeanKATIE BEAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nimit KapoorNIMIT KAPOOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karla RayKARLA RAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kirk MackeyKIRK MACKEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ronny Edwards JrRONNY EDWARDS JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Katie WycheKATIE WYCHE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey FaineJEFFREY FAINE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Sara MooreSARA MOORE
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Busce HolmesBUSCE HOLMES
TREASURER
- 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
- 2023
- Filed
- 26 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402709349301315
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