Seacoast Family Promise
- Assets
- $2.3m
- Revenue
- $806.2k
- Investments
- $0.0
- Employees
- 12
- Location
- Exeter, NH
- Founding
- 01/2002
- Data as of
- 12/2023
- EIN
- 02-0529881
Organization Overview
Seacoast Family Promise is located in Exeter, NH. The organization was established in 2002. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Seacoast Family Promise employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seacoast Family Promise 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, Seacoast Family Promise generated $806.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $551.2k during the year ending 12/2023. While expenses have increased by 14.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF SEACOAST FAMILY PROMISE IS TO EMPOWER FAMILIES WITH CHILDREN EXPERIENCING HOMELESSNESS TO ACHIEVE SUSTAINABLE INDEPENDENCE THRU A COMMUNITY-BASED RESPONSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2020, SEACOAST FAMILY PROMISE PROVIDED OVERNIGHT SHELTER TO 12 FAMILIES MADE UP OF 32 PEOPLE, PROVIDING 3,097 BED-NIGHTS AND SERVING 9,291 MEALS. THE AVERAGE LENGTH OF STAY FOR FAMILIES WAS 96 DAYS. SEACOAST FAMILY PROMISE RESPONDED TO REFERRALS FROM 161 PEOPLE DURING 2020. 100% OF THE FAMILIES PARTICIPATING IN THE SFP PROGRAM MOVED ON TO STABLE HOUSING. THESE OUTCOMES WERE ACHEIVED WITH THE ASSISTANCE OF SOME 1200 COMMUNITY VOLUNTEER S AND A SMALL PROFESSIONAL STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Earwood Business Com | Trustee | 1 | $0 |
Mark Fichera Business Com | Trustee | 1 | $0 |
Teddie Pike Program Comm | Trustee | 1 | $0 |
John Potter Development | Trustee | 1 | $0 |
Peter Schaeffer Building Com | Trustee | 1 | $0 |
Andrew Weeks Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $15,564 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $150,049 |
| All other contributions, gifts, grants, and similar amounts not included above | $539,687 |
| Noncash contributions included in lines 1a–1f | $51,167 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $705,300 |
| Total Program Service Revenue | $11,692 |
| Investment income | $28,603 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $60,622 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $806,217 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $79,928 |
| Compensation of current officers, directors, key employees. | $15,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $264,028 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $568 |
| Payroll taxes | $29,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,792 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $174 |
| Advertising and promotion | $16,800 |
| Office expenses | $43,919 |
| Information technology | $6,918 |
| Royalties | $0 |
| Occupancy | $16,536 |
| Travel | $570 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,194 |
| Insurance | $16,423 |
| All other expenses | $19,428 |
| Total functional expenses | $551,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $942,160 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $738 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,120,504 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $209,808 |
| Total assets | $2,273,210 |
| Accounts payable and accrued expenses | $17,292 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,292 |
| Net assets without donor restrictions | $2,255,918 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,273,210 |