Family Resource Center South Atlantic
- Assets
- $161.7k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 35
- Location
- Raleigh, NC
- Founding
- 08/2004
- Data as of
- 06/2023
- EIN
- 20-1257901
Organization Overview
Family Resource Center South Atlantic is located in Raleigh, NC. The organization was established in 2004. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 06/2023, Family Resource Center South Atlantic employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Resource Center South Atlantic 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 06/2023, Family Resource Center South Atlantic generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 6 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FAMILY RESOURCE CENTER SOUTH ATLANTIC (FRCSA) DELIVERS EFFECTIVE AND QUALITY SERVICES FOR NC COMMUNITIES PROVIDING PREVENTION AND INTERVENTION SERVICES TO STRENGTHEN FAMILIES AND COMMUNITIES TO ULTIMATELY HELP INDIVIDUALS AND FAMILIES ACHIEVE SELF-SUFFICIENTY. MOST SIGNIFICANT ACTIVITIES INCLUDE EARLY CHILDHOOD EDUCATION, REENTRY SUPPORT, SUPPORT FOR FAMILIES WITH SPECIAL NEED CHILDREN, AND RESPONSIBLE FATHERHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FAMILY RESOURCE CENTER SOUTH ATLANTIC (FRCSA) DELIVERS EFFECTIVE AND QUALITY SERVICES FOR WAKE, DURHAM, AND SURROUNDING COMMUNITIES PROVIDING PREVENTION AND INTERVENTION SERVICES TO STRENGTHEN FAMILIES AND COMMUNITIES. AS A FAMILY-CENTERED AGENCY, FRCSA HAS SOLIDIFIED ITS STANDING AS A STABLE DEDICATED LEADER CONTINUING TO DEVELOP, IMPLEMENT, AND EVALUATE PROGRAMS DESIGNED TO ULTIMATELY HELP INDIVIDUALS AND FAMILIES ACHIEVE SELF-SUFFICIENCY. FAMILY CENTERED PRACTICE IS A WAY OF WORKING WITH FAMILIES TO ENSURE SAFETY, PERMANCENCY, AND WELL-BEING CREATING A PARTNERSHIP WITH THE FAMILY AND PROVIDE SERVICES THAT ENGAGE, INVOLVE, STRENGTHEN, AND SUPPORT FAMILIES IN ORDER TO BECOME SELF-SUFFICIENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derrick W Byrd Executive Director | Officer | 40 | $88,772 |
Betty M Corbett Board Chair | OfficerTrustee | 2 | $0 |
Sandra Cassidy Board Member | Trustee | 2 | $0 |
Tameka Reed Board Member | Trustee | 2 | $0 |
Michael Schnoke Board Member | Trustee | 2 | $0 |
Melvin Jackson Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,262,385 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,936 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,311,321 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,311,321 |
| 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. | $95,000 |
| Compensation of current officers, directors, key employees. | $49,479 |
| Compensation to disqualified persons | $927,156 |
| Other salaries and wages | $12,699 |
| Pension plan accruals and contributions | $6,816 |
| Other employee benefits | $65,063 |
| Payroll taxes | $80,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,086 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,279 |
| Office expenses | $71,582 |
| Information technology | $7,000 |
| Royalties | $0 |
| Occupancy | $83,976 |
| Travel | $53,171 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,989 |
| Interest | $4,743 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,113 |
| All other expenses | $1,618 |
| Total functional expenses | $1,526,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,552 |
| 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 | $61,180 |
| Total assets | $161,732 |
| Accounts payable and accrued expenses | $17,732 |
| 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 | $66,358 |
| Other liabilities | $0 |
| Total liabilities | $84,090 |
| Net assets without donor restrictions | $77,642 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $161,732 |