THE FATHER'S BUSINESS INC

EIN: 582001281 501(c)(3) Unknown

BIRMINGHAM, AL

Total Revenue
$425,536
Total Expenses
$257,604
Total Assets
$372,520
Net Assets
$363,794
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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
GA
Principal Officer
SYLVIA D GUNTER
Phone
2054203811
Tax Period
2024-01-01 to 2024-12-31

THE FATHER'S BUSINESS INC, founded in 1992, is a small nonprofit in the Unknown sector that reported $127K in total revenue in fiscal year 2018. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $194K exceeded revenue, resulting in a 53% operating deficit.

Mission

THE FATHER'S BUSINESS PROMOTES, ENCOURAGES, AND TEACHES PRAYER AND PROVIDES PRAYER LEADERSHIP THROUGH OUR PRAYER TRAINING MATERIALS-YOU ARE BLESSED, PRAYER PORTIONS, PRAYER PORTIONS STUDY GUIDE, DAILY STUDY GUIDE FOR PRAYER PORTIONS, PRAYER ESSENTIALS FOR LIVING IN HIS PRESENCE, VOL. 1 AND VOL. 2, FOR THE FAMILY, PRAYING LIKE JABEZ, WHO I AM IN CHRIST, HE IS THE I AM, REVEALING THE TREASURES, BLESSING YOUR SPIRIT, NUGGETS OF THE TREASURES, DAILY SPIRIT BLESSINGS, AND PSALM 91 PRAYER CARDS. IN ADDITION, THE ORGANIZATION SPONSORS PRAYER CONFERENCES TITLED RUACH JOURNEY, WHICH ARE THREE DAYS OF FOCUSING ON UNDERSTANDING AND APPRECIATING YOUR GOD-GIVEN DESIGN. IT IS AN INTERACTIVE EXPERIENCE OF TEACHING, PRAYER, AND PERSONAL LISTENING TIME WITH GOD.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $404,117
Program Service Revenue $4,739
Investment Income $166
Other Revenue $16,514
TOTAL REVENUE $425,536

Expense Breakdown

Grants Paid $48,635
Salaries & Benefits $156,606
Fundraising Expenses $713
Program Expenses $225,837
Other Expenses $52,363
TOTAL EXPENSES $257,604

Year-over-Year Comparison

2024 2023 Change
Revenue $425,536 $170,553 +1.5%
Expenses $257,604 $239,288 +0.1%
Net Income $167,932 $-68,735 -3.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
3
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA ABERNETHY SECRETARY 1.00
Officer Director
$0 $0 $0
RICHARD ABERNETHY DIRECTOR 1.00
Director
$0 $0 $0
SYLVIA D GUNTER PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHN D HARD TREASURER 1.00
Officer Director
$0 $0 $0
CARONDELET NOLLNER DIRECTOR 1.00
Director
$0 $0 $0
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
2024 $425,536 $257,604 $372,520 $167,932
2023 $170,553 $239,288 $198,902 $-68,735
2022 $218,088 $248,987 $279,999 $-30,899
2021 $193,296 $139,962 $298,458 $53,334
2020 $185,996 $129,479 $268,124 $56,517
2019 $138,473 $174,002 $188,713 $-35,529
2018 $127,376 $194,416 $224,253 $-67,040
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