Sarahs Heart Inc
- Assets
- $106.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Olean, NY
- Founding
- 09/2007
- Data as of
- 12/2023
- EIN
- 14-2004793
Organization Overview
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 12/2023, Sarahs Heart Inc generated $34.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $27.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.3%) 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
2023
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Meyer Executive Director | 20 | $0 | |
Tammy Babb Secretary | 15 | $9,600 | |
James Cline Project Manager | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,059 |
| 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 | $34,059 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,600 |
| Professional fees and other payments to independent contractors | $2,500 |
| Occupancy, rent, utilities, and maintenance | $12,742 |
| Printing, publications, postage, and shipping | $934 |
| Other expenses | $1,352 |
| Total expenses | $27,128 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $19,662 |
| Other assets | $0 |
| Total assets | $106,388 |
| Total liabilities | $19,008 |
| Net assets or fund balances | $87,380 |