Five Talents Faithful

Overview

Five Talents Faithful is a US nonprofit organization dedicated to assisting other nonprofits in achieving good financial stewardship. The organization focuses on helping 501(c)(3) entities and those that serve them to maximize their resources.

Mission

The mission of Five Talents Faithful is to support nonprofits by enhancing their operational efficiency. This involves providing guidance and resources to help these organizations optimize their performance and make the most effective use of their available assets.

Governance and Leadership

The organization is led by Graham Gibbs, who serves as the Chairman and Secretary. Graham Gibbs is also the founder and president of Five Talents Faithful. Other key members include Bryan Most as Vice Chairman, Kevin Higgins as Treasurer, and directors such as Eddie Bennett and Kelli Nesseth. These individuals bring diverse expertise in organizational development and financial management.

Financial Data

As of 2023, Five Talents Faithful reported a revenue of approximately $182,000, with expenses amounting to $200,000. The organization's total assets stood at $79,300, with no recorded liabilities. In previous years, such as 2022, the organization's assets were listed at $97,369, also without any liabilities. Contributions and program services are significant sources of revenue for the organization[1].

Purpose of Operations

Five Talents Faithful aims to improve the financial stewardship of nonprofits through efficiency and effective resource management. This goal aligns with its name, inspired by biblical parables that emphasize responsible stewardship and entrepreneurship.

Distinction from Similar Organizations

It is important to note that Five Talents Faithful is distinct from another organization named Five Talents, which focuses on empowering individuals through entrepreneurship to escape poverty[2]. Five Talents Faithful specifically targets the improvement of financial management within the nonprofit sector.

External Links

The organization does not have any directly linked external websites or resources listed in this article.