Form 990 for tax year 2023
Filed by FAITH BASED AND COMMUNITY INITIATIVES FOUNDATION.
What the amendment changed
Compared with the return it replaced , filed 30 July 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Listed only on the later return
- BARRY RAY
- DIANNE YOUNG
- FRED DECOSIMO
- GINGER ELEY
- IRIS RAY
- LANG WISEMAN
- LIBBY PHILLIPS
- TYRONE BURROUGHS
Totals
- Total revenue
- $1,717,560
- Total expenses
- $1,408,897
- Contributions and grants received
- $1,687,761
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $29,799
- Other revenue
- $0
- Total assets, end of year
- $471,812
- Total liabilities, end of year
- $155,653
- Net assets or fund balances, end of year
- $316,159
- Program services expenses (Part IX)
- $1,408,897
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,408,897
Program services were 100.0% 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.
-
1e · Government grants (contributions)
$1,487,000
-
1f · All other contributions, gifts and grants
$200,761
-
3 · Investment income
total $29,799 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $174,343 · program services $174,343 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $646,123 · program services $646,123 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $92,570 · program services $92,570 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $159,022 · program services $159,022 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $69,125 · program services $69,125 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $35,611 · program services $35,611 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $11,400 · program services $11,400 · management and general $0 · fundraising $0
-
11g · Fees: other
total $8,916 · program services $8,916 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $11,608 · program services $11,608 · management and general $0 · fundraising $0
-
13 · Office expenses
total $9,439 · program services $9,439 · management and general $0 · fundraising $0
-
14 · Information technology
total $2,703 · program services $2,703 · management and general $0 · fundraising $0
-
16 · Occupancy
total $59,590 · program services $59,590 · management and general $0 · fundraising $0
-
17 · Travel
total $39,510 · program services $39,510 · management and general $0 · fundraising $0
-
20 · Interest
total $1,042 · program services $1,042 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $992 · program services $992 · management and general $0 · fundraising $0
-
24e · All other expenses
total $86,903 · program services $86,903 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,237 · end of year $6,592
-
2 · Savings and temporary cash investments
end of year $465,220
-
14 · Intangible assets
beginning of year $991 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year -$43 · end of year $155,653
-
27 · Net assets without donor restrictions
beginning of year $9,271 · end of year $316,159
Mission and programs · 2023
Mission
TO LEVERAGE THE CAPACITY OF FAITH COMMUNITIES AND NONPROFITS, MAXIMIZE EFFECTIVE SOLUTIONS, ACCELERATE BEST PRACTICES, AND CELEBRATE OUTSTANIND EFFORTS
-
PROVIDED TRANSFORMATIVE SOLUTIONS TO IMPROVE THE LIVES OF FELLOW TENNESSEANS DURING THE FISCAL YEAR THROUGH THE IMPLEMENTATION OF PRESCRIBED SOLUTIONS AND BEST PRACTICES
Expenses $1,408,897 · Grants $1,487,000 · Revenue $200,761
As filed on the 2023 return.
Listed in Part VII
-
LANCE VILLIO
EXECUTIVE DIRECTOR
- Total calculated
- $174,343
- From this org
- $174,343
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,343
- Bonus
- $0
- Other
- $12,000
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $174,343
-
TYRONE BURROUGHS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
FRED DECOSIMO
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
GINGER ELEY
CHAIR
- Total calculated
- $0
- Hours/week
- 0
-
LIBBY PHILLIPS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
IRIS RAY
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
BARRY RAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
LANG WISEMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
DIANNE YOUNG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
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
None.
Answered no
- 4a · Severance or change-of-control payment
- 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
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 30 July 2024
- IRS schema version
- 2023v6.0
- Source object
- 202531089349300513
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