Third Street Education Center
- Assets
- $6.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 80
- Location
- Greenville, NC
- Founding
- 03/2009
- Data as of
- 12/2021
- EIN
- 26-3224953
Organization Overview
Third Street Education Center is located in Greenville, NC. The organization was established in 2009. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Third Street Education Center employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Third Street Education Center 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, Third Street Education Center generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 17.3% 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
THIRD STREET EDUCATION CENTER, INC. ENDEAVORS TO HELP WITH COMMUNITY TRANSFORMATION AND TO CULTIVATE TRUSTED COMMUNITY RELATIONSHIPS SO THAT RESIDENTS OF WEST GREENVILLE WILL ENJOY A SAFE, SECURE, AND CREATIVE ENVIRONMENT IN WHICH THERE WILL BE LESS CRIME; STRONG FAMILIES WITH ACTIVE AND INVESTED FATHERS AND MOTHERS; COMMUNITY LEADERS WHO ARE DEVELOPED AND EMPOWERED; AVAILABILITY FOR ONGOING EDUCATIONAL OPPORTUNITIES; AND PARTNERSHIPS WITH CHURCHES INSIDE AND OUTSIDE THE NEIGHBORHOOD ALONG WITH OTHER AGENCIES AND THE CITY GOVERNMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONDUCTED VARIOUS BUSINESS AND WORKFORCE DEVELOPMENT PROGRAMS DESIGNED TO PROVIDE EMPLOYMENT AND VOCATIONAL TRAINING FOR INDIVIDUALS WHO MAY TYPICALLY BE DIFFICULT TO EMPLOY. THESE PROGRAMS ARE DESIGNED TO REDUCE UNEMPLOYMENT, REDUCE RECIDIVISM, AND INCREASE SMALL BUSINESS OWNERSHIP AMONGST PROGRAM PARTICIPANTS.BUSINESS AND WORKFORCE DEVELOPMENT PROGRAMS IN 2021 INCLUDED AUTO DETAILING SERVICES, CATERING SERVICES, HOME IMPROVEMENT SERVICES, AND LANDSCAPING SERVICES.
THE ORGANIZATION OPERATED THIRD STREET ACADEMY, A PRIVATE CHRISTIAN SCHOOL FOR PRE-K TO 5TH GRADE BOYS WHICH FOCUSES ON CHARACTER DEVELOPMENT, SPIRITUAL FORMATION, AND HIGH ACADEMIC STANDARDS. THE PROGRAMS GOAL IS TO DEVELOP SMART, INTELLIGENT YOUNG MEN WHO BECOME LOVING FATHERS, COMMITTED HUSBANDS, AND ACTIVE LEADERS IN THE COMMUNITY.
THE ORGANIZATION HOSTED VARIOUS OUTREACH EVENTS AND COMMUNITY ACTIVITIES THAT PROMOTED ITS MISSION AND FURTHERED ITS EXEMPT PURPOSE.
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 |
|---|---|---|---|
Robert Wynn Executive Director | 40 | $82,185 | |
Robert A Moloney Chair | OfficerTrustee | 1 | $0 |
Keith A Williams Secretary | OfficerTrustee | 1 | $0 |
Meridith B Rizzuti Director | Trustee | 1 | $0 |
Andrew Herdman Director | Trustee | 1 | $0 |
Richard P Rizzuti Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $250,270 |
| All other contributions, gifts, grants, and similar amounts not included above | $870,133 |
| Noncash contributions included in lines 1a–1f | $147,709 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,120,403 |
| Total Program Service Revenue | $894,760 |
| Investment income | $250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,862 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,025,275 |
| 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. | $82,185 |
| Compensation of current officers, directors, key employees. | $20,546 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,234 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,575 |
| Payroll taxes | $21,454 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,699 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,211 |
| Office expenses | $5,804 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,874 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,582 |
| Insurance | $15,915 |
| All other expenses | $171,690 |
| Total functional expenses | $1,851,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $392,944 |
| Savings and temporary cash investments | $141,303 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,086 |
| 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 | $5,603,649 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,078 |
| Total assets | $6,236,060 |
| Accounts payable and accrued expenses | $14,347 |
| 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 | $43,705 |
| Total liabilities | $58,052 |
| Net assets without donor restrictions | $6,159,058 |
| Net assets with donor restrictions | $18,950 |
| 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 | $6,236,060 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Third Street Education Center has recieved totaling $135,150.
| Awarding Organization | Amount |
|---|---|
Food Bank Of Central & Eastern North Carolina Inc Raleigh, NC PURPOSE: FIGHT HUNGER | $64,777 |
Tr Uw Vivian S West West Memorial Fund Raleigh, NC PURPOSE: 501C3 PURPOSES | $25,900 |
The Eddie And Jo Allison Smith Family Foundation Inc Greenville, NC PURPOSE: EDUCATIONAL SERVICES PROGRAMS | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $12,500 |
Sara Smith Self Foundation Winstonsalem, NC PURPOSE: LEARNING CENTER THAT SERVES CHILDREN IN THE NEIGHBORHOOD THAT INVOLVES LOCAL PARENTS | $7,500 |
Dennis And Jennie Hendrix Foundation Dallas, TX PURPOSE: PROGRAM SUPPORT | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chesterfield Food Bank Chester, VA | $4,733,303 | $12,678,774 |
Vision Baptist Missions Inc Alpharetta, GA | $4,755,365 | $10,893,530 |
Cbmc Inc Chattanooga, TN | $8,634,915 | $10,793,711 |
World Outreach Ministries Inc Kennesaw, GA | $2,301,447 | $10,553,778 |
Lutheran Home - Forsyth County Inc Salisbury, NC | $3,585,984 | $11,789,990 |
Timothy Initiative Inc Raleigh, NC | $25,869,697 | $20,418,173 |
City Of Refuge Inc Atlanta, GA | $18,578,795 | $9,135,404 |
Living On The Edge With Chip Ingram Duluth, GA | $7,733,886 | $10,860,458 |
Teen Challenge Job Training Inc Columbus, GA | $2,036,662 | $7,928,506 |
Mercy Multiplied America Inc Nashville, TN | $15,008,837 | $12,307,052 |
Outreach Foundation Of The Presbyterian Church Inc Franklin, TN | $10,682,704 | $9,066,746 |
Christian Relief Services - 21st Century Campaign Inc Alexandria, VA | $158,124,944 | $23,648,742 |