Teen Rescue Inc
- Assets
- $832.2k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 23
- Location
- Murrieta, CA
- Founding
- 08/1996
- Data as of
- 12/2023
- EIN
- 33-0546855
Organization Overview
Teen Rescue Inc is located in Murrieta, CA. The organization was established in 1996. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2023, Teen Rescue Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teen Rescue 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 12/2023, Teen Rescue Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 8 years. 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 ORGANIZATION OPERATES A BOARDING SCHOOL FOR TEENS. IT HELPS FAMILIES BY PROVIDING A NEW WAY OF THINKING AND MATURITY IN THEIR TEENAGERS, AND BRINGS STRENGTH, HEALING, AND PEACE TO THE ENTIRE FAMILY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A BOARDING SCHOOL FOR TEENS. STUDENTS RECEIVED EDUCATION AND PARENTS RECEIVE SEPARATE TRAINING IN PARENTING SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Ludwig President | Trustee | 40 | $74,700 |
Phil Ludwig Member | OfficerTrustee | 2 | $0 |
Wayne Alberda Secretary | OfficerTrustee | 1 | $0 |
David Hill Member | Trustee | 1 | $0 |
Francine Hill Member | Trustee | 1 | $0 |
Brad Verhoeven Treasurer | OfficerTrustee | 1 | $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 | $299,961 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $299,961 |
| Total Program Service Revenue | $738,116 |
| Investment income | $22 |
| 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 | $1,060,218 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,600 |
| 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. | $74,700 |
| Compensation of current officers, directors, key employees. | $7,470 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $565,638 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $51,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $979 |
| Fees for services: Accounting | $1,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,374 |
| Advertising and promotion | $12,857 |
| Office expenses | $9,890 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,770 |
| Travel | $6,365 |
| 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 | $19,980 |
| Insurance | $15,601 |
| All other expenses | $76,523 |
| Total functional expenses | $1,030,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,641 |
| Savings and temporary cash investments | $78 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $82,666 |
| 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 | $529,781 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $832,166 |
| Accounts payable and accrued expenses | $87,490 |
| 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 | $13,358 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3 |
| Total liabilities | $100,851 |
| Net assets without donor restrictions | $731,315 |
| 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 | $832,166 |