Association For Benevolent Care Inc
- Assets
- $3.6m
- Revenue
- $380.4k
- Investments
- $6.3k
- Employees
- 0
- Location
- Canton, OH
- Founding
- 12/1969
- Data as of
- 12/2020
- EIN
- 23-7026932
Organization Overview
Association For Benevolent Care Inc is located in Canton, OH. The organization was established in 1969. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association For Benevolent Care 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 12/2020, Association For Benevolent Care Inc generated $380.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $450.2k during the year ending 12/2020. While expenses have increased by 2.4% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BENEVOLENT CARE TO THE RESIDENTS OF CANTON CHRISTIAN HOME, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR LARGEST PROGRAM SERVICE ACCOMPLISHMENT IS TO PROVIDE SUPPORT TO CANTON CHRISTIAN HOME, INC., WHO SHARES OUR PURPOSE OF TAX-EXEMPTION BY PROVIDING HOUSING AND MEDICAL SERVICES TO THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Nickoson President/ Trustee | OfficerTrustee | 1 | $0 |
Ray Ross Vice President/trustee | OfficerTrustee | 1 | $0 |
Ray Beal Secretary/ Trustee | OfficerTrustee | 0.5 | $0 |
Jim Miller Treasurer/ Trustee | OfficerTrustee | 0.5 | $0 |
Heather Yoder Controller | Officer | 1 | $0 |
Michael Kerr Executive Director | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,166 |
| Fundraising events | $36,800 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $232,018 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $270,984 |
| Total Program Service Revenue | $0 |
| Investment income | $50,780 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,251 |
| Net Gain/Loss on Asset Sales | $54,877 |
| Net Income from Fundraising Events | $1,527 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $20 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $380,436 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $327,351 |
| Grants and other assistance to domestic individuals. | $5,985 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,889 |
| Compensation of current officers, directors, key employees. | $29,345 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,578 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,193 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,000 |
| Fees for services: Accounting | $1,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,891 |
| Fees for services: Other | $0 |
| Advertising and promotion | $128 |
| Office expenses | $1,615 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $477 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,977 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $450,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,972 |
| Savings and temporary cash investments | $233,588 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,215 |
| 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 | $895 |
| Net Land, buildings, and equipment | $108,673 |
| Investments—publicly traded securities | $3,092,250 |
| Investments—other securities | $6,279 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75 |
| Total assets | $3,613,947 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $5,000 |
| Deferred revenue | $11,262 |
| 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 | $450,156 |
| Total liabilities | $466,418 |
| Net assets without donor restrictions | $3,147,529 |
| 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 | $3,613,947 |
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