Atlantic Residential Resource
- Assets
- $1.0m
- Revenue
- $98.9k
- Investments
- $987.7k
- Employees
- 0
- Location
- Beaufort, SC
- Founding
- 02/1999
- Data as of
- 12/2023
- EIN
- 01-0518429
Organization Overview
Atlantic Residential Resource is located in Beaufort, SC. The organization was established in 1999. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlantic Residential Resource is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Atlantic Residential Resource generated $98.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $110.5k during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Atlantic Residential Resource has awarded 36 individual grants totaling $277,330. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOCUS OF THE ATLANTIC CHARITABLE FUND (ACF) CONTINUES TO BE SERVICE AND SUPPORT OF HOMELESS, DOMESTIC VIOLENCE, AND SUBSTANCE ABUSE NON-PROFIT ENTITIES. THIS IS ACCOMPLISHED THROUGH: (1) DIRECT GRANTS OF SUPPORT; (2) GROUP TRAINING OF HOMELESS AND DOMESTIC VIOLENCE SHELTER STAFF IN MAINE; (3) DIRECT CONSULTATION TO INDIVIDUAL NON-PROFITS ON IMPROVING THEIR OPERATION, POLICIES, EFFICIENCIES AND STAFF TRAINING; (4) SUPPORT OF RESEARCH EFFORTS ON HOMELESSNESS AND ITS CAUSES FOR THE BENEFIT OF AGENCIES THROUGHOUT MAINE; AND (5) PUBLICIZING THE FACTS OF HOMELESSNESS AND ADVOCATING FOR SOLUTIONS. THESE EFFORTS, WHILE THEY VARY FROM YEAR TO YEAR, HAVE PROVIDED VALUABLE AND OTHERWISE UNAVAILABLE ADVOCACY, ASSISTANCE AND SUPPORT TO NUMEROUS NON-PROFIT AGENCIES AND THEIR PERSONNEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan J Pethick President/director | 15 | $28,000 | |
Mark R Swann Vice President/director | 1 | $0 | |
Horace W Horton Treasurer/secretary/direct | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,695 |
| Dividends & Interest | $13,668 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $83,521 |
| Capital Gain Net Income | $83,521 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $98,884 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $2,142 |
| Interest | $0 |
| Taxes | $533 |
| Depreciation | $0 |
| Occupancy | $3,543 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,673 |
| Total operating and administrative expenses | $50,794 |
| Contributions, gifts, grants paid | $59,750 |
| Total expenses and disbursements | $110,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,000 |
| Savings and temporary cash investments | $29,468 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,034,134 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Atlantic Residential Resource has awarded $59,750 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MILESTONE RECOVERY PURPOSE: SUPPORT FOR HOMELESS, DOMESTIC VIOLENCE, AND SUBSTANCE ABUSE PROGRAMS | $17,750 |
TEDFORD HOUSING PURPOSE: SUPPORT FOR HOMELESS, DOMESTIC VIOLENCE, AND SUBSTANCE ABUSE PROGRAMS | $17,000 |
TRINITY JUBILEE CENTER PURPOSE: SUPPORT FOR HOMELESS, DOMESTIC VIOLENCE, AND SUBSTANCE ABUSE PROGRAMS | $25,000 |