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Nonprofiteer
← INFAITH FOUNDATION

Form 990 for tax year 2023

Filed by INFAITH FOUNDATION.

Totals

Total revenue
$1,038,248
Total expenses
$227,912
Contributions and grants received
$0
Grants paid
$184,028
Program service revenue
$0
Investment income
$1,038,248
Other revenue
$0
Total assets, end of year
$10,470,261
Total liabilities, end of year
$5,350,460
Net assets or fund balances, end of year
$5,119,801
Program services expenses (Part IX)
$184,028
Management and general expenses
$43,884
Fundraising expenses
$0
Program service expenses (Part III)
$184,028

Program services were 80.7% 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.

  • 3 · Investment income

    total $197,401 · excluded $197,401

  • 7a · Gross sales of assets other than inventory

    securities $10,164,411

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

    securities $9,323,564

  • 7c · Gain or loss

    securities $840,847

  • 7d · Net gain or loss

    total $840,847 · excluded $840,847

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $184,028 · program services $184,028

  • 11f · Fees: investment management

    total $43,884 · management and general $43,884

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $24,636 · end of year $246,576

  • 4 · Accounts receivable

    beginning of year $16,999 · end of year $23,495

  • 11 · Investments: publicly traded securities

    beginning of year $6,829,137 · end of year $7,494,869

  • 12 · Investments: other securities

    beginning of year $3,113,467 · end of year $2,481,985

  • 15 · Other assets

    beginning of year $0 · end of year $223,336

  • 25 · Other liabilities

    beginning of year $5,152,672 · end of year $5,350,460

  • 27 · Net assets without donor restrictions

    beginning of year $1,406,138 · end of year $1,534,417

  • 28 · Net assets with donor restrictions

    beginning of year $3,425,429 · end of year $3,585,384

Mission and programs · 2023

Mission

AS A TYPE I SUPPORTING ORGANIZATION, THE ORGANIZATION ASSISTS INFAITH WHICH IS A 501(C)(3) ORGANIZATION, IN ITS EXEMPT PURPOSE, WHICH IS TO EVANGELIZE, CONGREGATE AND DISCIPLE THE YET UNREACHED PEOPLE OF THE UNITED STATES FOR JESUS CHRIST.

Activities or mission (Part I)

TO ASSIST INFAITH IN THE EVANGELIZING, CONGREGATING AND DISCIPLING OF THE YET UNREACHED PEOPLE OF THE UNITED STATES FOR JESUS CHRIST.

  • TYPE I SUPPORTING ORGANIZATION FOR INFAITH. ASSISTS INFAITH IN THEIR EXEMPT MISSION AND PURPOSE.

    Expenses $184,028 · Grants $184,028

As filed on the 2023 return.

Listed in Part VII

  • Craig Montgomery

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 related

  • Donald Poorman

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 related

  • James Bowdre

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 related

  • Jeffrey A Devault

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 related

  • Norman McQueen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 related

  • Titus Awokuse

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 related

  • Richard Cundall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 related

  • Nora Kanoy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 related

  • Dixie Massey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 related

  • Jeffrey Jeremiah

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 related

  • Jim Albers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2 + 0.5 related

  • Jerome Iamurri

    CEO

    Total calculated
    $191,031
    From this org
    $0
    From related orgs
    $178,810
    Other
    $12,221
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,810 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,198 related
    Nontaxable benefits
    $0 + $6,023 related
    Filer's total
    $0 + $191,031 related

  • Daniel Sheldon

    CHIEF FINANCIAL OFFICER

    Total calculated
    $136,415
    From this org
    $0
    From related orgs
    $126,466
    Other
    $9,949
    Hours/week
    0.2 + 40 related

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

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

  • INFAITH

    $184,028

    TO ASSIST IN FUNDING THE OPERATIONS OF THE ORGANIZATION

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.

  • INFAITH

    501(C)(3) · TO EVANGELIZE, CONGREGATE AND DISCIPLE SPIRITUALLY NEGLECTED PERSONS · PA

Provenance

Return type
form_990
Tax year
2023
Filed
14 January 2025
IRS schema version
2023v6.0
Source object
202540159349301204

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