The Foundry Ministries

The information on this page was last updated 11/22/2023. If you see errors or omissions, please email: [email protected]


Summary

Since our inception, The Foundry Ministries has been God's work in progress. As the tragedies of substance abuse, broken families, poor choices and economic hardships bring an ever-increasing number of men, women and families to our doors, we continue to create more opportunities to share His hope and mercy with the homeless and broken.


Contact information

Mailing address:
The Foundry Ministries
PO Box 824
Bessemer, AL 35021

Website: foundryministries.com

Phone: 205-424-4673

Email: [email protected]


Organization details

EIN: 630624278

CEO/President: Micah Andrews

Chairman: Edmund Perry

Board size: 15

Founder: Sam Reynolds

Ruling year: 1972

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2022


Purpose

The Foundry helps hundreds of families each year through Christ-centered recovery. Permanently transformed lives through Christ-centered ministries is the vision behind our story and our process.


Mission statement

To restore hope and rebuild the lives of the addict, the ex-inmate and the homeless through Christ-centered Recovery, Reentry and Rescue.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating133 of 111317 of 141
Fund acquisition rating402 of 111450 of 141
Resource allocation rating346 of 111442 of 141
Asset utilization rating112 of 111312 of 141

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
12%8%9%11%8%10%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
10%7%8%9%7%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%85%85%82%79%74%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
11%8%8%8%6%7%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%15%15%18%21%26%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
78%83%85%87%90%89%
Spending ratio Spending ratio =
Total expenses /
Total revenue
90%86%93%111%104%107%
Program output ratio Program output ratio =
Program services /
Total revenue
71%72%79%97%93%96%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
10%14%7%-11%-4%-7%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%42%29%-65%-17%-24%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%8%7%5%4%4%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.521.221.371.531.611.49
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.863.485.197.009.9211.09
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.694.237.1110.6916.0016.51
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.673.121.020.620.840.87
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.320.981.611.191.15
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.451.930.03-0.68-0.14-0.11
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%52%67%76%61%57%
Debt ratio Debt ratio =
Debt /
Total assets
0%20%26%29%18%18%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
157%40%24%16%24%29%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$1,458,912$697,697$398,037$208,457$208,391
Receivables, inventories, prepaids$350,631$345,651$353,726$319,894$298,345
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,809,543$1,043,348$751,763$528,351$506,736
Long-term investments$0$0$0$0$0
Fixed assets$4,437,011$4,325,571$4,475,066$4,672,920$5,075,223
Other long-term assets$45,882$47,055$38,055$39,855$39,855
Total long-term assets$4,482,893$4,372,626$4,513,121$4,712,775$5,115,078
Total assets$6,292,436$5,415,974$5,264,884$5,241,126$5,621,814
 
Liabilities20222021202020192018
Payables and accrued expenses$579,492$326,784$484,079$530,168$459,807
Other current liabilities$0$698,945$725,000$96,423$124,961
Total current liabilities$579,492$1,025,729$1,209,079$626,591$584,768
Debt$1,228,830$1,383,600$1,532,690$944,700$1,007,477
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,445,261$1,242,812$1,277,055$1,619,015$1,634,860
Total long-term liabilities$2,674,091$2,626,412$2,809,745$2,563,715$2,642,337
Total liabilities$3,253,583$3,652,141$4,018,824$3,190,306$3,227,105
 
Net assets20222021202020192018
Without donor restrictions$3,038,853$1,763,833$1,240,500$2,050,820$2,394,709
With donor restrictions$0$0$5,560$0$0
Net assets$3,038,853$1,763,833$1,246,060$2,050,820$2,394,709
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$7,584,719$6,781,286$5,907,950$6,424,476$5,752,722
Program service revenue$708,741$878,585$1,023,764$1,370,590$1,652,194
Membership dues$0$0$0$0$0
Investment income($27,030)$5,669$11,989($26,662)$67
Other revenue$664,995$266,934$288,049$338,895$393,704
Total other revenue$1,346,706$1,151,188$1,323,802$1,682,823$2,045,965
Total revenue$8,931,425$7,932,474$7,231,752$8,107,299$7,798,687
 
Expenses20222021202020192018
Program services$6,391,158$6,289,321$6,986,708$7,579,163$7,484,022
Management and general$621,493$510,037$404,873$336,767$331,467
Fundraising$643,754$615,343$644,931$535,258$552,798
Total expenses$7,656,405$7,414,701$8,036,512$8,451,188$8,368,287
 
Change in net assets20222021202020192018
Surplus (deficit)$1,275,020$517,773($804,760)($343,889)($569,600)
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,275,020$517,773($804,760)($343,889)($569,600)

Compensation

NameTitleCompensation
Micah AndrewsChief Executive Officer$115,132
Joey Daly IVChief Development Office$83,112
Brandon LackeyChief Program Officer$80,676
Darrell GarrettChief Operating Officer$77,710
Quinn BarefieldChief Business Officer$70,092
Josh HeintzChief Enterprise Developme$41,388
Victor C SlayChief Financial Officer$37,541

Compensation data as of: 6/30/2022


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 11/22/2023. To update the information below, please email: [email protected]


History

1971 - Bessemer Rescue Mission is founded by Sam Reynolds. Rev. Bob Bell, a recovered alcoholic, is appointed the first executive director.

1978 - With the help of Board Chairman Rev. Gerald Price and his friends, Bessemer Rescue Mission constructs a 5,000-square-foot building.

1992 - Bessemer Rescue Mission opens a shelter for women.

1996 - Rev. Bill Heintz becomes executive director of the Bessemer Rescue Mission with a vision to provide a place for men and women addicted to drugs and alcohol to permanently transform their lives through the power of Jesus Christ.

1997 - First Alliance Church in Bessemer is purchased and renovated to provide additional beds for men in the long-term Recovery Program, marking the beginning of the City of Hope.

1998 - Auto Center opens.

2004 - City of Hope changes its name to The Foundry Rescue Mission and Recovery Center. The original mission building is renovated to include a commercial kitchen, dining room, and food pantry. The Foundry Thrift Store relocates and becomes Alabama's largest thrift store.

2005 - The Foundry merges with Re-Entry Ministries. The First Baptist Church of Bessemer is purchased to become the Foundry Women's Center.

2006 - The Foundry Medical Center opens.

2007 - The Foundry opens a new Worship Center, which includes a 600-seat auditorium for weekly worship services.

2008 - The Women's Dormitory opens, offering shelter for 52 women in the Recovery Program. The Foundry Farm opens near Cullman, AL as an extension of the Men's Recovery Program. The Education Center opens.

2010 - The former women's facility is renovated to provide transitional housing for up to 12 women who have completed the Recovery Program. The Foundry Dental Center opens.

2011 - The Foundry celebrates 40 years of reshaping lives. A new Foundry Thrift Store opens in Cullman.

2012 - The Foundry Thrift Store in Bessemer relocates to a larger space in Fairfield.

2014 - The name is updated to The Foundry Ministries. A collaboration forms with Changes Lives Christian Center (CLCC) in Birmingham.

2016 - The Foundry Farm expands to double capacity in Cullman. Micah Andrews becomes CEO.

2017 - The Foundry Thrift Store in Pelham is opened.


Program accomplishments

Our Impact in 2022
89 graduates
82,097 nights of shelter
246,291 meals served
10,788 counseling hours
5,753 case management hours
118,250 education hours


Needs