For The Sake Of One
- Assets
- $215.9k
- Revenue
- $257.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Texarkana, AR
- Founding
- 05/2017
- Data as of
- 12/2022
- EIN
- 37-1856146
Organization Overview
For The Sake Of One is located in Texarkana, AR. The organization was established in 2017. According to its NTEE Classification (P32) the organization is classified as: Foster Care, under the broad grouping of Human Services and related organizations. As of 12/2022, For The Sake Of One employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. For The Sake Of One 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 12/2022, For The Sake Of One generated $257.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $241.1k during the year ending 12/2022. While expenses have increased by 21.7% per year over the past 5 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
TO SHARE GOD'S LOVE WITH LOCAL CHILDREN AND FAMILIES BY PROVIDNG EMOTIONAL, PHYSICAL AND SPIRITUAL SUPPORT WHILE SERVING AS A HUB TO CONNECT, EQUIP AND EMPOWER ALL STAKEHOLDERS IN THE CHILD WELFARE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTER CARE PREVENTION - FREQUENTLY CASE WORKERS CONTACT US WHEN THEY FIND A SITUATION THAT IS NOT ACCEPTABLE, BUT COULD BE FIXED EASILY TO BECOME SAFE FOR THE CHILDREN IN THE HOME. WE HAVE PROVIDED CRIBS, CAR SEATS, CLOTHING, DIAPERS, WIPES, FORMULA, CLOTHING, SHOES AND BEDS FOR FAMILIES SO THAT THE CHILDREN CAN STAY WITH THEIR BIOLOGICAL PARENTS.
FOSTER/ADOPTION FAMILY SUPPORT PROVIDES PROGRAMS TO SUPPORT BOTH FAMILIES AND CASE WORKERS SUCH AS PARENT'S NIGHT OUT, CASE WORKER APPRCIATION, FOSTER FAMILY OUTREACH, ETC.
FAMILY MATTERS IS A COURT ORDERED SUPERVISED VISITATION CENTER. PARENTS WHO ARE NOT ALLOWED TO HAVE UNSUPERVISED VISITS WITH THEIR CHILDREN (USUALLY DUE TO SOME TYPE OF ABUSE) CAN PAY TO HAVE A SUPERVISED VISIT AT OUR CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Akin Board Member | Trustee | 1 | $0 |
Jaimie Alexander Board Member | Trustee | 1 | $0 |
Kathy Hudson Board Member | Trustee | 1 | $0 |
Kelly Neal Board Member | Trustee | 1 | $0 |
Wade Olosunde Board Chair | OfficerTrustee | 1 | $0 |
Keri Price Secretary | 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 | $217,087 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $217,087 |
| Total Program Service Revenue | $9,881 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $30,020 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $256,991 |
| 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 | $137,280 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,723 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,123 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,707 |
| Office expenses | $46,509 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,570 |
| Travel | $4,980 |
| 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 | $3,657 |
| Insurance | $9,135 |
| All other expenses | $0 |
| Total functional expenses | $241,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,766 |
| 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 | $117,425 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $720 |
| Other assets | $0 |
| Total assets | $215,911 |
| 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 | $632 |
| Total liabilities | $632 |
| Net assets without donor restrictions | $211,139 |
| Net assets with donor restrictions | $4,140 |
| 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 | $215,911 |