Friends Of Accion Inc
- Assets
- $488.5k
- Revenue
- $444.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 01/2004
- Data as of
- 12/2021
- 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 12/2021, Friends Of Accion Inc generated $444.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $145.9k during the year ending 12/2021. 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
2021
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 16 CHILDREN (11 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. THE MEN'S HOUSE SERVES 11 YOUNG MEN. THE MEN AND WOMEN ATTEND COLLEGES AND SEMINARIES, STUDYING ENGINEERING, THEOLOGY, TOURISM, BUSINESS, EDUCATION AND OTHER DEGREE CURRICULUMS. MERIDA STUDENT HOUSE PROVIDES A HOME INCLUDING ROOM, BOARD AND SUPERVISION. IN 2021, 3 SCHOLARSHIPS WERE PROVIDED FOR SCHOOL FEES AND EXPENSES.
PROVIDED EMERGENCY ASSISTANCE NEEDED DUE TO PANDEMIC AND FLOODING, SPECIFICALLY 400 FOOD BOXES FOR VILLAGERS AND ASSISTANCE TO 4 PASTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Neidinger President - Director | OfficerTrustee | 2 | $0 |
Stephanie Guffin Secretary - Director | OfficerTrustee | 2 | $0 |
Caryn Overbey Treasurer - Director | OfficerTrustee | 2 | $0 |
Richard Lyman Assistant Treasurer - Director | Trustee | 1 | $0 |
J D Dupuy Director | Trustee | 1 | $0 |
Christine Canaga 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 | $444,819 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $444,819 |
| Total Program Service Revenue | $0 |
| Investment income | $20 |
| 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 | $444,839 |
| 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 | $143,267 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,243 |
| 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 | $145,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,767 |
| Savings and temporary cash investments | $359,734 |
| 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 | $488,501 |
| 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 | $488,501 |
| Total liabilities and net assets/fund balances | $488,501 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Friends Of Accion Inc has recieved totaling $26,865.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $16,600 |
First Lutheran Church Foundation Fargo, ND PURPOSE: NEW TRUCK | $6,000 |
Eleanor Hayes Barnhardt Charitable Trust Charlotte, NC PURPOSE: SUPPORT PROGRAM | $2,500 |
Cbt Charitable Tr Charlotte, NC PURPOSE: GENERAL | $1,700 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $65 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Islamic Relief Usa Alexandria, VA | $182,616,288 | $136,444,567 |
American Leprosy Missions Inc Greenville, SC | $13,933,685 | $11,713,993 |
Bank Of Sweden Tercentenary Foundation Atlanta, GA | $1,577,216,718 | $144,244,925 |
Asia Harvest Winston Salem, NC | $3,139,213 | $8,431,865 |
Mully Childrens Family Usa Inc Alpharetta, GA | $1,079,646 | $4,196,632 |
Vinacapital Foundation Highlands, NC | $2,325,034 | $2,550,565 |
Novak Djokovic Foundation Usa Mooresville, NC | $1,770,113 | $619,559 |
Hands Along The Nile Development Services Inc Alexandria, VA | $806,843 | $901,029 |
Simones Kids Inc Cartersville, GA | $466,346 | $762,427 |
Rayo De Sol Inc Atlanta, GA | $748,737 | $614,503 |
Parakaleo International Clover, SC | $475,742 | $825,058 |
Solidarity Mission Africa For Reconciliation And Development Brentwood, TN | $139,146 | $415,814 |