FAITH BASED AND COMMUNITY INITIATIVE FOUNDATION

EIN: 841877809 501(c)(3) Philanthropy & Grantmaking

NASHVILLE, TN

Total Revenue
$1,743,659
Total Expenses
$1,917,473
Total Assets
$168,102
Net Assets
$142,345
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
TN
Principal Officer
LANCE VILLIO
Phone
6463069141
Tax Period
2024-07-01 to 2025-06-30

FAITH BASED AND COMMUNITY INITIATIVE FOUNDATION, founded in 2019, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.7M in total revenue in fiscal year 2024.

Mission

THE GOVERNORS FAITH-BASED AND COMMUNITY INITIATIVE (GFBCI) MOBILIZES TENNESSEES COMMUNITY-BASED ORGANIZATIONS (CBOS) AND FAITH BASED ORGANIZATIONS (FBOS) TO PARTNER WITH STATE GOVERNMENT IN SERVING VULNERABLE TENNESSEANS

Program Service Accomplishments

Program 1
Expenses: $1,880,142 Revenue: $229,942

DURING THE FISCAL YEAR, THE ORGNIZATION ADVANCED STATEWIDE INITIATIVES THAT MOBILIZE FAITH AND COMMUNITY PARTNERS TO SERVE VULNERABLE TENNESSEEANS. THESE EFFORTS INCLUDED CONVENING PARTNERS...

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DURING THE FISCAL YEAR, THE ORGNIZATION ADVANCED STATEWIDE INITIATIVES THAT MOBILIZE FAITH AND COMMUNITY PARTNERS TO SERVE VULNERABLE TENNESSEEANS. THESE EFFORTS INCLUDED CONVENING PARTNERS, STRENGTHENING COLLABORATION BETWEEN COMMUNITY ORGANIZATIONS AND STATE AGENCIES, AND IMPLEMENTING INITIATIVES THAT SUPPORT CHILDREN AND FAMILIES IMPACTED BY FOSTER CARE AND INDIVIDUALS PREPARING FOR SUCCESSFUL REENTRY AFTER INCARCERATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,716,942
Program Service Revenue $0
Investment Income $26,714
Other Revenue $3
TOTAL REVENUE $1,743,659

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,540,492
Fundraising Expenses $35,058
Program Expenses $1,880,142
Other Expenses $376,981
TOTAL EXPENSES $1,917,473

Year-over-Year Comparison

2024 2023 Change
Revenue $1,743,659 $1,717,560 +0.0%
Expenses $1,917,473 $1,408,897 +0.4%
Net Income $-173,814 $308,663 -1.6%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
14
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
4
$206,999
Total Directors
10
$206,999
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LANCE VILLIO EXECUTIVE DIRECTOR 40.00
Officer Director Highest
$206,999 $0 $206,999
TYRONE BURROUGHS BOARD MEMBER 0.00
Director
$0 $0 $0
FRED DECOSIMO TREASURER 0.00
Officer Director
$0 $0 $0
GINGER ELEY CHAIR 0.00
Officer Director
$0 $0 $0
LIBBY PHILLIPS BOARD MEMBER 0.00
Director
$0 $0 $0
IRIS RAY SECRETARY 0.00
Officer Director
$0 $0 $0
BARRY RAY BOARD MEMBER 0.00
Director
$0 $0 $0
LANG WISEMAN BOARD MEMBER 0.00
Director
$0 $0 $0
DIANNE YOUNG BOARD MEMBER 0.00
Director
$0 $0 $0
DAVID SCHMID BOARD MEMBER 0.00
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
2025 $1,743,659 $1,917,473 $168,102 $-173,814
2024 $1,717,560 $1,408,897 $471,812 $308,663
2024 $1,717,560 $1,408,897 $471,812 $308,663
2023 $239,521 $338,033 $9,228 $-98,512
2022 $441,500 $373,676 $110,488 $67,824
2021 $414,500 $406,928 $41,378 $7,572
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