INSTITUTE FOR FAITH WORK & ECONOMICS INC

EIN: 452481867 501(c)(3) Religion

VIENNA, VA

Total Revenue
$315,851
Total Expenses
$295,874
Total Assets
$20,947
Net Assets
$-75,124
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
VA
Principal Officer
PAUL BROOKS
Phone
7039627877
Tax Period
2020-01-01 to 2020-12-31

INSTITUTE FOR FAITH WORK & ECONOMICS INC, founded in 2011, is a small nonprofit in the Religion sector that reported $316K in total revenue in fiscal year 2020. Revenue surged 229% from the prior year, signaling strong growth momentum. Expenses of $296K left a modest 6% surplus.

Mission

OUR MISSION IS TO EDUCATE AND INSPIRE CHRISTIANS TO LIVE OUT A BIBLICAL THEOLOGY THAT INTEGRATES FAITH, WORK & ECONOMICS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $305,301
Program Service Revenue $7,010
Investment Income $0
Other Revenue $3,540
TOTAL REVENUE $315,851

Expense Breakdown

Grants Paid $0
Salaries & Benefits $80,000
Fundraising Expenses $8,635
Program Expenses $262,310
Other Expenses $215,874
TOTAL EXPENSES $295,874

Year-over-Year Comparison

2020 2019 Change
Revenue $315,851 $95,867 +2.3%
Expenses $295,874 $206,989 +0.4%
Net Income $19,977 $-111,122 -1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$80,000
Total Directors
2
$80,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL BROOKS CHAIRMAN 9.00
Officer Director
$0 $0 $0
HUGH WHELCHEL EXECUTIVE DIRECTOR/TREASURER 40.00
Officer Director
$80,000 $0 $80,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2020 $315,851 $295,874 $20,947 $19,977
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