Nonprofit · EIN 84-1877809
FAITH BASED AND COMMUNITY INITIATIVES FOUNDATION
Tax-exempt · CHATTANOOGA, TN 37408
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,743,659 | $1,917,473 | -$173,814 | $168,102 | $25,757 | $142,345 |
| June 30, 2024 | 990 (amended) | $1,717,560 | $1,408,897 | $308,663 | $471,812 | $155,653 | $316,159 |
| June 30, 2023 | 990 | $239,521 | $338,033 | -$98,512 | $9,228 | -$43 | $9,271 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,716,942
- of which government grants
- $1,487,000
- Program service revenue
- $0
- Investment income
- $26,714
- Other revenue
- $3
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $206,999
- Other salaries and wages
- $909,870
- Salaries, compensation and benefits (total)
- $1,540,492
- Professional fundraising fees
- $0
- Legal fees
- $5,527
- Accounting fees
- $11,400
- Travel
- $65,236
- Program services (functional)
- $1,880,142
- Management and general (functional)
- $2,273
- Fundraising (functional)
- $35,058
Balance sheet and other
- Total assets, start of year
- $471,812
- Total assets, end of year
- $168,102
- Total liabilities, end of year
- $25,757
- Net assets, end of year
- $142,345
- Net assets without donor restrictions
- $142,345
- Gross unrelated business income
- $3
- Gross receipts
- $1,743,659
- Employees
- 14
- Volunteers
- 0
- Year formed
- 2019
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LANCE VILLIO | EXECUTIVE DIRECTOR Trustee or director, Officer, Highest-paid employee | 40 | $206,999 |
| TYRONE BURROUGHS | BOARD MEMBER Trustee or director | 0 | $0 |
| FRED DECOSIMO | TREASURER Trustee or director, Officer | 0 | $0 |
| GINGER ELEY | CHAIR Trustee or director, Officer | 0 | $0 |
| LIBBY PHILLIPS | BOARD MEMBER Trustee or director | 0 | $0 |
| IRIS RAY | SECRETARY Trustee or director, Officer | 0 | $0 |
| BARRY RAY | BOARD MEMBER Trustee or director | 0 | $0 |
| LANG WISEMAN | BOARD MEMBER Trustee or director | 0 | $0 |
| DIANNE YOUNG | BOARD MEMBER Trustee or director | 0 | $0 |
| DAVID SCHMID | BOARD MEMBER Trustee or director | 0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LANCE VILLIO | EXECUTIVE DIRECTOR Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $174,343 |
| TYRONE BURROUGHS | BOARD MEMBER Trustee or director | 0 | $0 |
| FRED DECOSIMO | TREASURER Trustee or director, Officer | 0 | $0 |
| GINGER ELEY | CHAIR Trustee or director, Officer | 0 | $0 |
| LIBBY PHILLIPS | BOARD MEMBER Trustee or director | 0 | $0 |
| IRIS RAY | SECRETARY Trustee or director, Officer | 0 | $0 |
| BARRY RAY | BOARD MEMBER Trustee or director | 0 | $0 |
| LANG WISEMAN | BOARD MEMBER Trustee or director | 0 | $0 |
| DIANNE YOUNG | BOARD MEMBER Trustee or director | 0 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LANCE VILLIO | EXECUTIVE DIRECTOR Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $107,885 |
| TYRONE BURROUGHS | BOARD MEMBER Trustee or director | 0 | $0 |
| FRED DECOSIMO | TREASUER Trustee or director, Officer | 0 | $0 |
| GINGER ELEY | CHAIR Trustee or director, Officer | 0 | $0 |
| LIBBY PHILLIPS | BOARD MEMBER Trustee or director | 0 | $0 |
| IRIS RAY | SECRETARY Trustee or director, Officer | 0 | $0 |
| BARRY RAY | BOARD MEMBER Trustee or director | 0 | $0 |
| LANG WISEMAN | BOARD MEMBER Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1928 CENTRAL AVE, CHATTANOOGA, TN 37408-2223
- Principal officer (990 for 2024)
- LANCE VILLIO, 312 ROSA PARKS AVE 22ND FL, NASHVILLE, TN 37243
- Signed the 990
- LANCE VILLIO, DIRECTOR
- Phone
- (646) 306-9141
- Return prepared by
- GAMMON DRUECK & WATSON CPAS PLLC
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 accomplishments
- 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.Expenses $1,880,142 · grants $1,487,000 · revenue $229,942
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 84-1877809
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $168,102
- Income (IRS master file)
- $1,743,659
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,743,659 | $1,917,473 | $168,102 | XML |
| 990 | June 2024 | $1,717,560 | $1,408,897 | $471,812 | XML |
| 990 | June 2023 | $239,521 | $338,033 | $9,228 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-1877809).
Questions about FAITH BASED AND COMMUNITY INITIATIVES FOUNDATION
- What is the EIN of FAITH BASED AND COMMUNITY INITIATIVES FOUNDATION?
- The employer identification number (EIN) of FAITH BASED AND COMMUNITY INITIATIVES FOUNDATION is 84-1877809.
- Is FAITH BASED AND COMMUNITY INITIATIVES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to FAITH BASED AND COMMUNITY INITIATIVES FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FAITH BASED AND COMMUNITY INITIATIVES FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FAITH BASED AND COMMUNITY INITIATIVES FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FAITH BASED AND COMMUNITY INITIATIVES FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FAITH BASED AND COMMUNITY INITIATIVES FOUNDATION?
- The 990 for the year ended June 30, 2025 names LANCE VILLIO.
- Who are the officers and directors of FAITH BASED AND COMMUNITY INITIATIVES FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $206,999 (LANCE VILLIO, EXECUTIVE DIRECTOR).
- How much revenue does FAITH BASED AND COMMUNITY INITIATIVES FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,743,659, expenses of $1,917,473 and total assets of $168,102 at year end.
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