Friends Of Accion Inc
- Assets
- $474.2k
- Revenue
- $178.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 01/2004
- Data as of
- 12/2022
- EIN
- 20-0160290
Organization Overview
Friends Of Accion Inc is located in Charlotte, NC. The organization was established in 2004. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Accion 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, Friends Of Accion Inc generated $178.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $167.7k during the year ending 12/2022. While expenses have increased by 2.6% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RENDER MEANINGFUL SUPPORT TO THE CHARITABLE ACTIVITIES OF ACCION IN THE YUCATAN PENINSULA OF MEXICO WITH A VIEW OF ADVANCING THE WELL BEING OF THE PEOPLE SERVED AND THE CHRISTIAN FAITH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED THE OPERATION AND IMPROVEMENTS TO THE MAYAN CHILDREN'S VILLAGE WHICH HOUSED 15 CHILDREN (10 BOYS AND 5 GIRLS) WHO WOULD OTHERWISE BE UNABLE TO ATTEND UPPER GRADE SCHOOL THROUGH HIGH SCHOOL. THE VILLAGE PROVIDES A HOME INCLUDING ROOM, BOARD AND SUPERVISION THAT INVOLVES THE CHILDREN MENTALLY, SPIRITUALLY, PHYSICALLY AND THRU SERVICE. IT IS EFFECTIVELY AN ORPHANAGE FOR A FEW. IT IS LOCATED IN EL IDEAL, QUINTANA ROO, MEXICO.
SUPPORTED THE OPERATION OF AND IMPROVEMENTS TO THE MERIDA STUDENT HOUSES WHICH HOUSE STUDENTS WHO WOULD OTHERWISE BE UNABLE TO ATTEND HIGHER EDUCATION. A NEW WOMEN'S HOUSE OPENED FOR FALL 2021, STARTING WITH 4 YOUNG WOMEN. IN 2022, THE WOMEN'S HOUSE SERVES 8 YOUNG WOMEN, AND THE MEN'S HOUSE SERVES 12 YOUNG MEN. THE MEN AND WOMEN ATTEND COLLEGES AND SEMINARIES, STUDYING ENGINEERING, HEALTH, TOURISM, BUSINESS, EDUCATION AND OTHER DEGREE CURRICULUMS. MERIDA STUDENT HOUSE PROVIDES A HOME INCLUDING ROOM, BOARD AND SUPERVISION. IN 2022, 3 SCHOLARSHIPS WERE PROVIDED FOR SCHOOL FEES AND EXPENSES.
SUPPORTED CONSTRUCTION ON CHURCHES, HOUSING OR MAYAN CHILDREN'S VILLAGE, IN COOPERATION WITH TEAMS OF VOLUNTEERS FROM U.S. CHURCHES. PROJECTS WERE IN SELECTED VILLAGES SCATTERED THROUGHOUT THE YUCATAN PENINSULA OF MEXICO. THEY BUILT OR IMPROVED HOMES FOR POOR FAMILIES; WORKED WITH MEXICAN PRESBYTERIAN COGREGATIONS TO BUILD OR IMPROVE CHURCH FACILITIES; OR COMPLETED IMPROVEMENTS TO THE MAYAN CHILDREN'S VILLAGE. IN 2022, TWO TEAMS, COMPRISING 29 VOLUNTEERS, COMPLETED PROJECTS IN DIFFERENT VILLAGES OF THE YUCATAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Guffin President - Director | OfficerTrustee | 2 | $0 |
Richard Neidinger Treasurer - Director | OfficerTrustee | 4 | $0 |
Christine Canaga Secretary-Director | OfficerTrustee | 2 | $0 |
Richard Lyman Assistant Treasurer - Director | Trustee | 1 | $0 |
Sherry Gaither Director | Trustee | 1 | $0 |
Elise Harriss Wallace Director | Trustee | 1 | $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 | $177,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $177,425 |
| Total Program Service Revenue | $0 |
| Investment income | $8,154 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,794 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $178,785 |
| 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 | $163,967 |
| 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 | $0 |
| 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 | $539 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,666 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $167,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,508 |
| Savings and temporary cash investments | $81,319 |
| 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 | $335,340 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $474,167 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $474,167 |
| Total liabilities and net assets/fund balances | $474,167 |