Bgm Inc
- Assets
- $1.3m
- Revenue
- $191.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 05/2003
- Data as of
- 12/2021
- EIN
- 03-0493543
Organization Overview
Bgm Inc is located in Greenville, SC. The organization was established in 2003. According to its NTEE Classification (F60) the organization is classified as: Counseling, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bgm Inc 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 12/2021, Bgm Inc generated $191.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $229.7k during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL AND COMMUNITY BUILDING, LOW INCOME HOUSING DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW INCOME HOUSING DEVELOPMENT
PROVIDE LOW INCOME HOUSING
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Stoddard President | OfficerTrustee | $0 | |
Tony Ballenger Secretary | OfficerTrustee | $0 | |
Leonard Wood Treasurer | OfficerTrustee | $0 | |
Frank Richardson CFO | Officer | $0 | |
Gregory Smith Board Member | Trustee | $0 | |
Marvin Neely Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,867 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,867 |
| Total Program Service Revenue | $173,676 |
| Investment income | $0 |
| 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 | $191,543 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $19,734 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,125 |
| Advertising and promotion | $0 |
| Office expenses | $832 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,439 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,271 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,303 |
| Insurance | $2,294 |
| All other expenses | $0 |
| Total functional expenses | $229,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,870 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,578 |
| 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 | $1,186,202 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,269,650 |
| Accounts payable and accrued expenses | $2,801 |
| 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 | $704,044 |
| Other liabilities | $0 |
| Total liabilities | $706,845 |
| Net assets without donor restrictions | $562,805 |
| 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 | $1,269,650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Affordable Business Solutions Inc Macon, GA | $8,126,960 | $20,420,375 |
Hamilton Childrens Institute Inc Dalton, GA | $1,033,474 | $4,156,317 |
A Haven Stone Mountain, GA | $9,172,741 | $3,908,641 |
Pats Place Child Advocacy Center Inc Charlotte, NC | $2,693,769 | $2,920,836 |
Inheritance Of Hope Inc Seneca, SC | $2,465,824 | $2,184,244 |
First Presbyterian Church Counseling Center Inc Columbia, SC | $365,128 | $1,673,919 |
Center For Counseling & Wellness North Myrtle Beach, SC | $374,595 | $1,435,032 |
Link Counseling Center Inc Sandy Spings, GA | $8,549,236 | $2,244,735 |
Exodus Outreach Foundation Inc Hickory, NC | $1,898,983 | $1,334,823 |
Park Place Outreach Inc Savannah, GA | $2,030,769 | $1,373,000 |
Safe Harbor Of Nc Inc Hickory, NC | $4,272,787 | $1,776,534 |
Dragonfly House Childrens Advocacy Center Mocksville, NC | $2,475,023 | $1,545,758 |