The Simple Way
- Assets
- $616.0k
- Revenue
- $805.7k
- Investments
- $0.0
- Employees
- 9
- Location
- Philadelphia, PA
- Founding
- 04/1998
- Data as of
- 12/2023
- EIN
- 23-2936437
Organization Overview
The Simple Way is located in Philadelphia, PA. The organization was established in 1998. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Simple Way employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simple Way 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, Simple Way generated $805.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 22.8% each year . All expenses for the organization totaled $840.6k during the year ending 12/2023. While expenses have increased by 11.8% 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 MISSION OF THE SIMPLE WAY IS TO CREATE, CONNECT, FORM, AND INSPIRE PEOPLE AND GROUPS TO SPREAD A MESSAGE TO LOVE GOD, LOVE PEOPLE, AND FOLLOW JESUS IN NEIGHBORHOODS AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE PROGRAMS - THE SIMPLE WAY PROVIDES SUPPORT TO INDIVIDUALS AND ORGANIZATIONS THROUGH VARIOUS PROGRAMS IN FURTHERANCE OF THE ORGANIZATION'S MISSION. THESE PROGRAMS INCLUDE: COMMUNITY SUPPORT IN THE KENSINGTON NEIGHBORHOOD OF PHILADELPHIA THROUGH FOOD DISTRIBUTION, LOW RENT HOUSING, NEIGHBORS EVENTS AND CELEBRATIONS, SCHOLARSHIP ASSISTANCE AND OTHER EMERGENCY SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leroy Barber Chair | OfficerTrustee | 0.5 | $0 |
Shane Claiborne Director | Trustee | 0.5 | $0 |
Coz Crosscombe Director | Trustee | 0.5 | $0 |
Taehoo Lee Director | Trustee | 0.5 | $0 |
Michelle Campellone Director | Trustee | 0.5 | $0 |
Robbin Mccarthy Director | Trustee | 0.5 | $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 | $765,139 |
| Noncash contributions included in lines 1a–1f | $477,345 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $765,139 |
| Total Program Service Revenue | $16,093 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $17,998 |
| 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 | $2,865 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $805,664 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| Grants and other assistance to domestic individuals. | $1,136 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $37,415 |
| Compensation of current officers, directors, key employees. | $22,749 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,739 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,353 |
| Payroll taxes | $13,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $450 |
| Fees for services: Accounting | $14,119 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,073 |
| Advertising and promotion | $2,535 |
| Office expenses | $5,680 |
| Information technology | $8,633 |
| Royalties | $0 |
| Occupancy | $15,785 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,096 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,901 |
| Insurance | $25,612 |
| All other expenses | $1,269 |
| Total functional expenses | $840,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,540 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $40,000 |
| Accounts receivable, net | $2,179 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $200,000 |
| Inventories for sale or use | $13,163 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $249,094 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $615,976 |
| Accounts payable and accrued expenses | $12,642 |
| 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 | $12,642 |
| Net assets without donor restrictions | $556,624 |
| Net assets with donor restrictions | $46,710 |
| 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 | $615,976 |
Grants Awarded
Over the last fiscal year, The Simple Way has awarded $29,505 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CALVERY UMC | | | $7,500 |
TABERNACLE UNITED CHURCH | | | $11,050 |
WEST KENSINGTON MINISTRIES | | | $10,955 |