Barnabas Network
- Assets
- $1.3m
- Revenue
- $870.2k
- Investments
- $0.0
- Employees
- 13
- Location
- Greensboro, NC
- Founding
- 08/2006
- Data as of
- 12/2023
- EIN
- 20-4533345
Organization Overview
Barnabas Network is located in Greensboro, NC. The organization was established in 2006. 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 12/2023, Barnabas Network employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barnabas Network 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, Barnabas Network generated $870.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $971.8k during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE BARNABAS NETWORK PROVIDES BASIC HOME FURNISHINGS AT NO COST TO QUALIFIED FAMILIES AND INDIVIDUALS ON THE PATH TO SELF-SUFFICIENCY. THEIR CLIENTS ARE TRANSITIONING OUT OF HOMELESSNESS, RECOVERING FROM A MAJOR SETBACK, FLEEING ABUSE OR VIOLENCE, OR OVERCOMING SEVERE POVERTY. IN AN AVERAGE YEAR THE ORGANIZATION FURNISHES THE HOMES OF 800 FAMILIES AT NO COST, HELPING A TOTAL OF 2,200 PEOPLE, GIVING OUT 10,000 PIECES OF FURNITURE THAT WOULD HAVE OTHERWISE BEEN DESTINED FOR THE LANDFILL. THIS INCLUDES MORE THAN 1,000 BEDS WITH HALF GOING TO CHILDREN AGES 4-17.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BARNABAS NETWORK PROVIDES BASIC HOME FURNISHINGS AT NO COST TO QUALIFIED FAMILIES AND INDIVIDUALS ON THE PATH TO SELF-SUFFICIENCY. THEIR CLIENTS ARE TRANSITIONING OUT OF HOMELESSNESS, RECOVERING FROM A MAJOR SETBACK, FLEEING ABUSE OR VIOLENCE, OR OVERCOMING SEVERE POVERTY. IN AN AVERAGE YEAR THE ORGANIZATION FURNISHES THE HOMES OF 774 FAMILIES AT NO COST, HELPING A TOTAL OF 2,276 PEOPLE, GIVING OUT 16,038 PIECES OF FURNITURE THAT WOULD HAVE OTHERWISE BEEN DESTINED FOR THE LANDFILL. THIS INCLUDES MORE THAN 1,330 BEDS WITH MORE THAN HALF GOING TO CHILDREN AGES 4-17.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derrick Sides Executive Dir. | Officer | 40 | $74,064 |
Bryan Edwards Director | Trustee | 1 | $0 |
Courtney Murchison Secretary | OfficerTrustee | 1 | $0 |
Richard Vanore Director | Trustee | 1 | $0 |
Dawn Carpenter Treasurer | OfficerTrustee | 1 | $0 |
Dawn Martin Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,835 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $873,236 |
| Noncash contributions included in lines 1a–1f | $598,268 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $908,071 |
| Total Program Service Revenue | $39,570 |
| Investment income | $486 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$78,780 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $870,197 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $349,207 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $74,065 |
| Compensation of current officers, directors, key employees. | $29,626 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $344,755 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,579 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,986 |
| Advertising and promotion | $10,330 |
| Office expenses | $22,020 |
| Information technology | $2,384 |
| Royalties | $0 |
| Occupancy | $23,005 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,563 |
| Insurance | $19,926 |
| All other expenses | $0 |
| Total functional expenses | $971,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280 |
| Savings and temporary cash investments | $498,269 |
| Pledges and grants receivable | $2,500 |
| Accounts receivable, net | $1,743 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,291 |
| Prepaid expenses and deferred charges | $339 |
| Net Land, buildings, and equipment | $761,395 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $1,318,818 |
| Accounts payable and accrued expenses | $30,140 |
| 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 | $30,140 |
| Net assets without donor restrictions | $1,100,237 |
| Net assets with donor restrictions | $188,441 |
| 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 | $1,318,818 |