Advocare Foundation Ltd
- Assets
- $4.5m
- Revenue
- $179.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Huntersville, NC
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 11-3231782
Organization Overview
Advocare Foundation Ltd is located in Huntersville, NC. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advocare Foundation Ltd 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 12/2022, Advocare Foundation Ltd generated $179.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $254.0k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCING THE LIVES OF SPECIAL NEEDS INDIVIDUALS THROUGH INSPIRATION, FUNDING AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CODE 501: SERVICE ACCOMPLISHMENTS: PROMOTING THE WELFARE OF ADULTS AND CHILDREN IN THE HOME, SCHOOL AND COMMUNITY. BY GIVING FUNDS TO RECOGNIZED, APPROPRIATE PROGRAMS, THE ORGANIZATION SEEKS TO PROVIDE TRAINING AND INFORMATIONAL SERVICES, AND OPERATE AND FUND PROGRAMS IN SERVICE TO CHILDREN AND ADULTS WITH DEVELOPMENTAL DELAYS, SPECIAL NEEDS DISABILITIES, HANDICAPPING CONDITIONS OR OTHER CHALLENGES WHETHER CLASSIFIED OR UNCLASSIFIED; SUCH PROGRAMMING MAY INCLUDE BUT NOT BE LIMITED TO THERAPY BASED PROJECTS AND SERVICES BASED UPON THERAPEUTIC PRINCIPLES THROUGH ALL MEANS APPROPRIATE INCLUDE THEATER AND ARTS, THERAPY BASED ACTIVITIES SUCH AS HORSEBACK RIDING AND SUCH OTHER METHODS AND ACTIVITIES AS ENHANCE THE INDIVIDUAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Bahrenburg Thornbury Secretary, Board Member | OfficerTrustee | 0 | $0 |
Claude Bahrenburg President, Interim Treasurer | OfficerTrustee | 0 | $0 |
Thomas Thornbury Board Member | Trustee | 0 | $0 |
Walter Hoppi Vice-President | OfficerTrustee | 0 | $0 |
Pamela Bali Hoppi Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $75,600 |
| Investment income | $103,448 |
| 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 | $179,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,250 |
| 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 | $174,000 |
| Fees for services: Legal | $3,380 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,219 |
| Information technology | $4,439 |
| Royalties | $0 |
| Occupancy | $11,400 |
| Travel | $18,100 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,961 |
| All other expenses | $1,225 |
| Total functional expenses | $253,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,699 |
| Savings and temporary cash investments | $12,852 |
| 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 | $3,363,034 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,058,571 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,450,156 |
| 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 | $1,418,500 |
| Total liabilities | $1,418,500 |
| Net assets without donor restrictions | $3,031,656 |
| 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 | $4,450,156 |
Grants Awarded
Over the last fiscal year, Advocare Foundation Ltd has awarded $31,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE HEART THEATRE PURPOSE: Programs for enhancing the lives of specials needs individuals through theatre seminars and theatre productions. | $15,000 |
QUANTUM LEAP FARM PURPOSE: Equine assisted therapy for special needs individuals. | $10,500 |
FOCUS CENTER FOR AUTISM PURPOSE: Special education center for students 10 through 21; adult support services. | $6,000 |