Overview
What is Great Faith Inc?
Great Faith Inc, based in Wausau, Wisconsin, is a small nonprofit organization with a mission to support secondary education at a local Lutheran high school. They achieve this goal by operating two thrift stores, named Dime and Dollar Thrift Stores, within the community. The profits generated from these stores are then allocated towards funding the educational institution. The nonprofit's operations are straightforward, with just two employees dedicated to its cause.
Is Great Faith Inc legitimate?
Great Faith Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Great Faith Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,912
For more financial information, click here
What is the mission statement of Great Faith Inc?
Great Faith Inc, as an organization, operates two local thrift stores. The primary objective of these operations is to generate profits, which are then utilized to support the local Lutheran high school's secondary education. In essence, the profits from the thrift stores serve as a financial resource to ensure the continuation of quality education at the Lutheran high school. By doing so, Great Faith Inc is contributing to the community's educational development, particularly in the Lutheran school sector.
Who is the CEO of Great Faith Inc?
John Gut is the Officer of Great Faith Inc.
What is the revenue of Great Faith Inc?
Great Faith Inc's revenue in 2022 was $217,131.
Who are the executives of Great Faith Inc and what are their salaries?
The average compensation at Great Faith Inc during 2022 was $13,956. There are 2 employees and 16 volunteers at Great Faith Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Great Faith Inc?
Great Faith Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Great Faith Inc
Great Faith Inc, a nonprofit organization, operates two local thrift stores with a noble mission. The profits generated from these stores are channeled towards funding the local Lutheran high school. By managing these thrift stores, Great Faith Inc is essentially supporting the secondary education of students at this Lutheran institution, ensuring that they have access to quality education. This mission underscores the organization's commitment to education and its role in shaping the future of the community's youth.
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Impact
October, 2024
Great Faith Inc plays a significant role in supporting secondary education in Wausau, WI, through its operation of two local thrift stores. The profits generated from these stores are directly funneled into funding the local Lutheran high school, enhancing educational opportunities for students in the community. By providing affordable goods to residents, Great Faith Inc not only promotes sustainability and resourcefulness but also fosters a sense of community engagement. The organization’s mission underscores the vital connection between local commerce and educational advancement, making a lasting impact on both students and families in the area.
This information is meant to be a general summary of Great Faith Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $217,131
- Gross Receipts: $217,131
Assets and Liabilities:
- Total Assets: $273,436
- Total Liabilities: $0
- Net Assets: $273,436
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$217,131
Organization Details
Founding Year
1987
Phone
(715) 551-1588Principal Officer
John Gut
Main Address
211 ALEXANDER STREET, WAUSAU, WI, 54403
NTEE Category
Code: X20 - Religion related
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