Pinnacle Community Developmentcorporation
- Assets
- $331.6k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 15
- Location
- Durham, NC
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 20-4459428
Organization Overview
Pinnacle Community Developmentcorporation is located in Durham, NC. The organization was established in 2007. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Pinnacle Community Developmentcorporation employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pinnacle Community Developmentcorporation 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, Pinnacle Community Developmentcorporation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $958.7k during the year ending 12/2021. While expenses have increased by 22.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUBSTANCE ABUSE PREVENTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
DRUG FREE COMMUNITY SUPPORT PROGRAM-(SAMHSA) TO PREVENT SUBSTANCE ABUSE BY USING 12 STAKEHOLDER SECTORS, THE PUBLIC MODEL AND SEVEN STRATEGIES FOR COMMUNITY CHANGE. THIS GRANT TARGETS YOUTH UNDER 18 YEARS OF AGE AND THE ENVIRONMENTS IN WHICH THEY LIVE.
CUREAMERICAS GLOBAL AND DUKE SSP-(COVID 19/CHW) TO PROVIDE COVID INFORMATION TO INCREASE SAFETY AND DECREASE THE POTENTIAL FOR SUBSTANCE MISUSE AMOUNG RESIDENTS.
EAGLE MARKET STREETS DEVELOPMENT CORPORATION (EMSDC)-(HRSA)-TO INCREASE COVID 19 TESTING AND VACCINES THROUGH EDUCATION AND OUTREACH.
COMPREHENSIVE ADDICTION AND RECOVERY ACT-(CARA)-10,173 TO PREVENT OPIOD OVERDOSE USING SEVEN STRATEGIES FOR COMMUNITY CHANGE. EMPOWERED PARENTS IN COMMUNITY-(EPIC)- 6,501-TO PROVIDE TRAUMA EDUCATION DUE TO COVID 19 AND SELF CARE TECHNIQUES TO ADULTS AND YOUTHS. NC PREVENT UNDERAGE DRINKING INITIATIVE-(NCPUD)-3,857 PREVENT UNDERAGE DRINKING AND BINGE DRINKING USING SPECIFIC ENVIRONMENTAL STRATEGIES SUCH AS ALCOHOL PURCHASE SURVEYS AND MONITORING ALCOHOL USE IN THE HOME. THE FOCUS IS YOUTH UNDER 21 AND ADULTS THAT PROVIDE. COMMUNITY ENGAGE RESEARCH INITIATIVE-(CERI)-5,051 TO ADVANCE HEALTH EQUITY THROUGH EDUCATION AND OUTREACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wanda Boone Executive Di | Trustee | 80 | $169,607 |
Harold Chestnut Board Member | Officer | 2 | $0 |
L'tanya Gilcrist Treasurer | Officer | 2 | $0 |
Tannu Gupta Vice Chair | Officer | 2 | $0 |
Terence Maloney Board Chair | Officer | 2 | $0 |
Mindy Solie Board Member | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $140,869 |
| All other contributions, gifts, grants, and similar amounts not included above | $137,732 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $278,601 |
| Total Program Service Revenue | $953,807 |
| 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 | $1,232,408 |
| 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. | $169,607 |
| Compensation of current officers, directors, key employees. | $67,843 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $314,395 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,699 |
| Payroll taxes | $35,774 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,077 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $327,945 |
| Advertising and promotion | $2,555 |
| Office expenses | $10,972 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,993 |
| Travel | $19,020 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $400 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $958,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,555 |
| 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 | $0 |
| Total assets | $331,555 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $150,000 |
| Net assets without donor restrictions | $181,555 |
| 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 | $331,555 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pinnacle Community Developmentcorporation has recieved totaling $137,000.
| Awarding Organization | Amount |
|---|---|
Eagle Market Streets Development Asheville, NC PURPOSE: HRSA DISBURSEMENT | $125,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Organizing Inc Charlottesville, VA | $8,195,944 | $10,817,973 |
American Exceptionalism Institute Inc Arlington, VA | $932,684 | $8,055,400 |
Peterson Family Foundation Fairfax, VA | $10,465,952 | $6,659,097 |
Blueprint North Carolina Raleigh, NC | $4,476,634 | $4,156,783 |
Georgia Rural Water Association Incorporated Barnesville, GA | $3,435,226 | $4,117,604 |
North Carolina Rural Water Association Inc Welcome, NC | $3,212,310 | $3,286,739 |
Appalachian Sustainable Development Bristol, VA | $1,778,820 | $3,125,936 |
New Town Macon Inc Macon, GA | $28,447,383 | $5,896,499 |
Action Greensboro Greensboro, NC | $6,492,627 | $1,414,644 |
Fair Lines America Inc Alexandria, VA | $465,017 | $1,410,316 |
Consumer Action For A Strong Economy Inc Alexandria, VA | $303,059 | $1,453,575 |
Pinnacle Community Developmentcorporation Durham, NC | $331,555 | $1,232,408 |