Family Promise Of Gaston County
- Assets
- $32.4k
- Revenue
- $233.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Belmont, NC
- Founding
- 07/2002
- Data as of
- 06/2021
- EIN
- 02-0580265
Organization Overview
Family Promise Of Gaston County is located in Belmont, NC. 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 06/2021, Family Promise Of Gaston County employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Promise Of Gaston County 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 06/2021, Family Promise Of Gaston County generated $233.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $257.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF FAMILY PROMISE OF GASTON COUNTY IS TO PROVIDE COMPASSIONATE, LOVING SUPPORT OF MEALS, SHELTER AND COUNSELING SERVICES THROUGH A COMMUNITY-BASED NETWORK TO HOMELESS FAMILIES OF GASTON COUNTY, AS WELL AS FOSTERING AND PROMOTING GROWTH FOR A SUCCESSFUL TRANSITION TO INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CURRENTLY WORKS WITH CHURCHES IN THE GASTON COUNTY AREA TO PROVIDE TEMPORARY HOUSING AND COUNSELING FOR HOMELESS FAMILIES AND TO FOSTER AND PROMOTE GROWTH FOR A SUCCESSFUL TRANSITION TO INDEPENDENCE.
OTHER GENERAL EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amber Bollinger Board Member | Trustee | $0 | |
Tricia Buckner Board Member | Trustee | $0 | |
Roger Carithers Board Member | Trustee | $0 | |
Caitlyn Enright Treasurer | OfficerTrustee | $0 | |
Kevin Ford Board Member | Trustee | $0 | |
Bill Moore Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $233,050 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $233,069 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,817 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,573 |
| Fees for services: Management | $2,308 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,979 |
| Office expenses | $1,703 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,367 |
| Travel | $4,098 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $602 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,515 |
| Insurance | $10,350 |
| All other expenses | $0 |
| Total functional expenses | $257,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,466 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,416 |
| Accounts payable and accrued expenses | $0 |
| 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 | $74,068 |
| Total liabilities | $74,068 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$41,652 |