Faith Indeed Foundation Inc in Madison, Mississippi (MS)
Table of contents:
| Faith Indeed Foundation Inc | |
| Employer Identification Number (EIN) | 710915521 |
| Name of Organization | Faith Indeed Foundation Inc |
| In Care of Name | Ronald D Logan |
| Address | 438 Forest Lake Pl, Madison, MS 39110-9480 |
| Subsection | Religious Organization, Charitable Organization |
| Ruling Date | 04/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $3,945 |
| Amount of Income | $7,878 |
| Form 990 Revenue Amount | $3,685 |
| National Taxonomy of Exempt Entities (NTEE) | Religion-Related, Spiritual Development: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2014: $7,878 (it was $10,437 in 2013)
| This organization: | $7,878 |
| Other organizations performing similar types of work: | $79,267 |
Assets in 2014: $3,945 (it was $4,467 in 2013)
| This organization: | $3,945 |
| Other organizations performing similar types of work: | $59,617 |
Expenses in 2013: $6,550
| This organization: | $6,550 |
| Other organizations performing similar types of work: | $53,476 |
Income to expenses ratio in 2013: 1.2
| Faith Indeed Foundation Inc: | 1.2 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 36.0%
| This organization: | 36.0% |
| Other organizations performing similar types of work: | 85.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $6,247 | $5,361 | $5,557 |
| Contributions, gifts, grants, and similar amounts received | $4,032 | $3,345 | $2,000 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $1,965 | $2,052 | $3,324 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $4,690 | $8,325 | $7,852 |
| Less: direct expenses from gaming and fundraising events | $2,724 | $6,272 | $4,528 |
| Gross profit/loss from sales of inventory | $250 | $-36 | $233 |
| Gross sales of inventory, less returns and allowances | $706 | $860 | $585 |
| Less: cost of goods sold | $455 | $896 | $352 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $5,050 | $5,050 | $6,550 |
| Total net assets | $5,148 | $5,459 | $4,467 |
| Excess/Deficit for the year | $1,197 | $311 | $-993 |
| Net assets or fund balances at beginning of year | $3,951 | $5,148 | $5,460 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $4,467 | ||
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $5,148 | $5,459 | $4,467 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $5,148 | $5,459 | $4,467 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | ||
| Were any significant changes made to the organizing or governing documents? | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | ||
| Amount of political expenditures, direct or indirect | $0 | ||
| Did the organization file Form 1120-POL for this year? | No | ||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | ||
| Total amount involved | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | ||
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $54,107 |
| Subtotal | $58,475 |
| Gifts, grants, contributions, and membership fees received | $14,917 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $43,558 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $4,368 |
| Amounts received from disqualified persons | $4,368 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $58,475 |
| Public support | $58,475 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Ria Charitable Investments Inc | 7500 W Camp Wisdom Rd, Dallas, TX 75236-5629 | TX | 2014-09 | $34,107,330 |
| 2 | United Methodist Foundation Of West Virginia Inc | PO BOX 3811, Charleston, WV 25338-3811 | WV | 2014-08 | $20,404,629 |
| 3 | Brahmananda Saraswati Foundation | 1750 Maharishi Center Ave, Fairfield, IA 52556-9123 | IA | 2009-03 | $9,505,828 |
| 4 | Bf Property Tr, Timothy Johnson Ttee | 5670 Granny White Pike, Brentwood, TN 37027-4121 | TN | 2014-09 | $4,945,273 |
| 5 | Trinity Boston Foundation Inc | C/O Trinity Church 206 Clarendon St, Boston, MA 02116 | MA | 1981-10 | $2,091,920 |
| 6 | Norman E Alexander Family S Foundation Inc | 250 Park Ave Ste 1900, New York, NY 10177-1999 | NY | 2011-02 | $1,978,140 |
| 7 | Verlie P Harper Charitable Tr | PO BOX 11647, Birmingham, AL 35202-1647 | AL | 2004-08 | $1,932,080 |
| 8 | Talmud Torah Chochmas Shlomo | 276 Riverside Drive, New York, NY 10025-5204 | NY | 2005-05 | $1,744,699 |
| 9 | Woodhouse Family Foundation | 650 Ramblewood Rd, Houston, TX 77079-6905 | TX | 2008-03 | $1,550,175 |
| 10 | Norman E Alexander Family M Foundation Inc | 99 Park Avenue, New York, NY 10016-1601 | NY | 2011-02 | $985,682 |
| 11 | Science Of Mind Foundation Inc | 573 Park Point Dr, Golden, CO 80401-7042 | CO | 2011-11 | $899,391 |
| 12 | J Ralph And Dorothy Mecham Support Foundation | PO BOX 30880, Salt Lake Cty, UT 84130-0880 | UT | 2010-05 | $824,615 |
| 13 | Callies Mission | PO BOX 108, Bogue Chitto, MS 39629-0108 | MS | 2011-09 | $100,565 |
| 14 | New Vision Ministries Inc | PO BOX 350, Batesville, MS 38606-0350 | MS | 2005-07 | $55,806 |
| 15 | Forrest & Lena Johnson Memorial Foundation | C/O Dr Hinman 3215 Market Street, Pascagoula, MS 39567 | MS | 1988-05 | $47,246 |
| 16 | Casa De Christo | PO BOX 1991, Laurel, MS 39441-1991 | MS | 2000-06 | $10,547 |
| 17 | Faith Indeed Foundation Inc | 438 Forest Lake Pl, Madison, MS 39110-9480 | MS | 2003-04 | $7,878 |
| 18 | Changing Lives Christian Services | 60 Crocodile Drive, Poplarville, MS 39470 | MS | 2014-05 | $0 |
| 19 | Christian Missions Ministry | 1610 Ridgewood Drive, Columbia, MS 39429 | MS | 2011-10 | $0 |
| 20 | Mt Zion United Coalition | PO BOX 273, Hollandale, MS 38748-0273 | MS | 2013-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 793 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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