Graham Revitalization Economic Action Team - Great
- Assets
- $143.7k
- Revenue
- $205.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Robbinsville, NC
- Founding
- 11/2006
- Data as of
- 06/2022
- EIN
- 11-3780559
Organization Overview
Graham Revitalization Economic Action Team - Great is located in Robbinsville, NC. The organization was established in 2006. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Graham Revitalization Economic Action Team - Great 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 06/2022, Graham Revitalization Economic Action Team - Great generated $205.3k 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 (4.1%) each year. All expenses for the organization totaled $211.0k during the year ending 06/2022. 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
GREAT IS A PARTNERSHIP OF CITIZENS THAT ADDRESS THE HEALTH, SOCIAL, ECONOMIC, EDUCATION AND RECREATIONAL NEEDS OF GRAHAM COUNTY RESIDENTS WHILE PRESERVING OUR CULTURAL HERITAGE AND NATURAL RESOURCES AND INSTILLING PRIDE IN OUR COMMUNITY AND PLACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOURISM PLAN PHASE II- THESE FUNDS WERE ALLOWED TO REPURPOSE DUE TO COVID. THE FUNDS WERE USED TO PURCHASE EQUIPMENT FOR THE RESOURCE CENTER AND COMMERCIAL KITCHEN. THE COMPUTERS WERE PURCHASED FOR THE RESOURCE CENTER, AND BOB DEAN CREATED THE RESOURCE CENTER SPACE FOR US. EQUIPMENT WAS PURCHASED FOR A NEW KITCHEN SPACE.
WNC BRIDGE FOUNDATION
DUKE HOMETOWN REVITALIZATION - GREAT PARTNERED WITH DUKE-ENERGY TO SELECT 9 SMALL BUSINESSES IN ROBBINSVILLE TO ASSIST WITH OVERCOMING THE ECONOMIC STRAIN CREATED BY THE COVID PANDEMIC. NINE BUSINESSES WERE GIVEN $2500 EACH. THE FUNDS WERE USED FOR UPGRADES, CREATION OF NEW SPACE, CREATION OF ECOMMERCE, BUSINESS EXPANSION, AND/OR REIMBURSEMENT FOR PTE GEAR PURCHASED BY THE BUSINESSES. $2500 WENT TO THE GREAT ORGANIZATION FOR ADMINISTERING THE GRANT.
ADDITONAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Shiplet Executive Director | Officer | 15 | $17,475 |
Joe Bonnette Vice Chair | Officer | 3 | $0 |
Dick Evans Board Member | Officer | 3 | $0 |
Pam Schaffer Treasurer | Officer | 3 | $0 |
Glenda Bradley Secretary | Officer | 3 | $0 |
Rick Davis Board Chair | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,695 |
| All other contributions, gifts, grants, and similar amounts not included above | $132,503 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205,198 |
| Total Program Service Revenue | $0 |
| Investment income | $72 |
| 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 | $205,270 |
| 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. | $20,388 |
| Compensation of current officers, directors, key employees. | $7,544 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,542 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,739 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,116 |
| Office expenses | $1,420 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,000 |
| Travel | $338 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,190 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $663 |
| All other expenses | $0 |
| Total functional expenses | $211,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,747 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $143,747 |
| Accounts payable and accrued expenses | $1,159 |
| 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 | $1,159 |
| Net assets without donor restrictions | $37,121 |
| Net assets with donor restrictions | $105,467 |
| 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 | $143,747 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Graham Revitalization Economic Action Team - Great has recieved totaling $105,011.
| Awarding Organization | Amount |
|---|---|
Wnc Bridge Foundation Asheville, NC PURPOSE: IMPACT GRANT | $80,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-Atlantic Broadband Communities Corporation South Boston, VA | $87,739,365 | $16,699,414 |
Rural Economic Development Center Inc Raleigh, NC | $223,566,149 | $11,378,133 |
Virginia Coalfield Coalition Inc Lebanon, VA | $15,855,826 | $1,388,700 |
Appalachian Community Action & Development Agency Inc Gate City, VA | $1,460,417 | $1,629,556 |
W A M Y Community Action Inc Boone, NC | $1,852,412 | $1,596,975 |
Small Business Access Partners Inc Gainesville, GA | $5,230,470 | $1,254,670 |
The Living River Restoration Trust Norfolk, VA | $5,847,476 | $301,151 |
Jubilee House Community Monroe, NC | $1,379,747 | $749,051 |
Franklinton Center Inc Whitakers, NC | $1,836,066 | $608,317 |
Working Landscapes Warrenton, NC | $1,101,275 | $924,937 |
Upper Cumberland Entrepreneurial Foundation Cookeville, TN | $445,074 | $494,857 |
Appalachian Independence Center Inc Abingdon, VA | $418,208 | $461,593 |