Faith In The Future Inc in Ridgewood, New York (NY)

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Faith In The Future Inc
Employer Identification Number (EIN)113397963
Name of OrganizationFaith In The Future Inc
In Care of NameOmni Financial Associates Inc
Address6270 Fresh Pond Rd, Ridgewood, NY 11385-2622
SubsectionCharitable Organization, Educational Organization, Religious Organization
Ruling Date08/2001
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$18,945
Amount of Income$52,681
Form 990 Revenue Amount$52,681
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


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Amount of income in 2013: $52,681 (it was $42,263 in 2012)
Faith In The Future Inc: 

 $52,681
Other organizations performing similar types of work: 

 $41,680

Assets in 2013: $18,945 (it was $19,183 in 2012)
Faith In The Future Inc: 

 $18,945
Other organizations performing similar types of work: 

 $65,579

Expenses in 2012: $65,873
Faith In The Future Inc: 

 $65,873
Other organizations performing similar types of work: 

 $24,470

Income to expenses ratio in 2012: 0.8
This organization: 

 0.8
Other organizations performing similar types of work: 

 0.5

Grants share in income in 2012: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 9.0%

Financial snapshot ($)

Revenue for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$42,263
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$42,165
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$98
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$65,873
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$65,873
Balance Sheet (for 2012)
Total assets$19,183
Total liabilities$0
Total net assets or fund balances$19,183
Retained earnings, endowment, accumulated income, or other funds$19,183
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$330,598
Gifts, grants, contributions, and membership fees received$329,920
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$678
Gross receipts from related activities, etc.$0
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4Tikvah Fund165 E 56th St Ste 4th Fl, New York, NY 10022-2709NY1992-11$62,409,051
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11Yma Fashion Scholarship Fund1501 Broadway Ste 1810, New York, NY 10036-5600NY2007-06$2,006,098
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13Vhiv Inc477 Madison Ave Fl 10, New York, NY 10022-5841NY1991-06$1,568,689
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15Santo J Speranza Schlrshp Tr 12181996One Court Square-29th Fl, Long Island City, NY 11120-0001NY2002-03$1,366,683
16Smbc Global Foundation Inc277 Park Avenue 5th Floor, New York, NY 10172-0003NY2013-11$1,267,623
17Wolstencroft Family Foundation, Goldman Sachs Family OfficePO BOX 73, New York, NY 10274-0073NY1999-03$1,230,680
18The Mckelvey Entrepreneurial Foundation200 Park Ave 44th Floor, New York, NY 10166-0005NY2007-02$1,210,803
19Hoffman Brothers Foundation Inc220 E 42nd St 5th Flr, New York, NY 10017-5806NY2011-06$1,173,321
20The Andrew K Dwyer Foundation, Dwyer Cynthia K Ttee756 Guard Hill Rd, Bedford, NY 10506-1042NY2003-08$940,767
Number of organizations performing similar types of work
Alaska48
Alabama286
Arkansas212
Arizona375
California2,590
Colorado397
Connecticut360
District of Columbia210
Delaware90
Florida1,248
Georgia644
Hawaii125
Iowa241
Idaho90
Illinois1,083
Indiana348
Kansas216
Kentucky271
Louisiana247
Massachusetts819
Maryland580
Maine135
Michigan690
Minnesota353
Missouri459
Mississippi159
Montana122
North Carolina631
North Dakota29
Nebraska124
New Hampshire145
New Jersey1,137
New Mexico122
Nevada157
New York1,581
Ohio902
Oklahoma233
Oregon274
Pennsylvania951
Rhode Island132
South Carolina243
South Dakota54
Tennessee325
Texas2,055
Utah196
Virginia649
Vermont87
Washington473
Wisconsin403
West Virginia110
Wyoming43
International27
Total23,481

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