Damascus Inc
- Assets
- $810.2k
- Revenue
- $262.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Dyersburg, TN
- Founding
- 08/2010
- Data as of
- 06/2022
- EIN
- 36-4669773
Organization Overview
Damascus Inc is located in Dyersburg, TN. The organization was established in 2010. According to its NTEE Classification (I31) the organization is classified as: Half-Way Houses for Offenders & Ex-Offenders, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Damascus 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 06/2022, Damascus Inc generated $262.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $46.0k during the year ending 06/2022. While expenses have increased by 5.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST EXITING INMATES WHO HAVE SUBSTANCE ABUSE PROBLEMS BY PROVIDING CHRISTIAN TRAINING AND ENVIRONMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST MEN OF SUBSTANCE ABUSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Hubbard VP | Officer | 15 | $0 |
Paul Forster Pres | Officer | 15 | $0 |
Clayton Hayes VP | Officer | 5 | $0 |
Susan Mashburn Sec | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $104,232 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,575 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,807 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $67,311 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $262,118 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75 |
| Fees for services: Accounting | $2,503 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $44 |
| Office expenses | $1,689 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,387 |
| Travel | $1,759 |
| 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 | $11,407 |
| Insurance | $10,133 |
| All other expenses | $652 |
| Total functional expenses | $46,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,989 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $606,846 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,407 |
| Total assets | $810,242 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $810,242 |
| Total liabilities and net assets/fund balances | $810,242 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Damascus Inc has recieved totaling $45.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $45 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Concordance Academy Of Leadership St Louis, MO | $12,967,186 | $15,291,410 |
Dismas House Of St Louis St Louis, MO | $28,233,203 | $11,254,218 |
St Francis House Inc Little Rock, AR | $1,529,219 | $3,668,038 |
United Family Services Inc Pine Bluff, AR | $3,120,471 | $3,869,190 |
Alpha House Of Springfield Springfield, MO | $7,449,431 | $2,697,710 |
Tennessee Prison Outreach Ministry Nashville, TN | $3,945,196 | $1,329,930 |
Gemeinschaft Home Harrisonburg, VA | $803,537 | $909,606 |
Freshly Renewed Faith Based Transitional Scott, AR | $90,335 | $775,281 |
Re-Nu Life Center Alexander, AR | $740,370 | $908,421 |
Next Step Recovery Incorporated Asheville, NC | $89,835 | $555,541 |
Urban Rehab Inc Jackson, MS | $373,591 | $625,492 |
Just A Clean House Inc Durham, NC | $30,691 | $371,145 |