Sarahs Heart Inc is located in Olean, NY. The organization was established in 2007. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sarahs Heart 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 12/2022, Sarahs Heart Inc generated $41.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $33.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE RESIDENTIAL CARE FOR, AND RAISE AWARENESS OF THE NEEDS OF HOMELESS, ABANDONED AND UNWANTED CHILDREN AND TEENS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tammy Babb Secretary | 15 | $9,600 | |
Eileen Meyer Executive Director | 20 | $0 | |
James Cline Project Manager | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $41,553 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $41,553 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $11,404 |
Professional fees and other payments to independent contractors | $1,950 |
Occupancy, rent, utilities, and maintenance | $19,730 |
Printing, publications, postage, and shipping | $804 |
Other expenses | $45 |
Total expenses | $33,933 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $17,383 |
Other assets | $0 |
Total assets | $104,109 |
Total liabilities | $23,583 |
Net assets or fund balances | $80,526 |
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