Initiatives Of Change Inc
- Assets
- $7.1m
- Revenue
- $401.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Richmond, VA
- Founding
- 10/1941
- Data as of
- 12/2021
- EIN
- 38-1606320
Organization Overview
Initiatives Of Change Inc is located in Richmond, VA. The organization was established in 1941. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Initiatives Of Change Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Initiatives Of Change 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 12/2021, Initiatives Of Change Inc generated $401.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $830.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL PROGRAM: PROVIDED LEADERSHIP OR PARTICIPATION AT INTERNATIONAL CONFERENCES OF PHILOSOPHICALLY RELATED INDIVIDUALS AND CORPORATIONS, CONDUCTING SEMINARS RELATED TO CONFLICT RESOLUTION AND DEVELOPMENT OF LIFE CHANGING SKILLS.
DESIGNATED INITIATIVES: 2021 ACHIEVEMENTS INCLUDED FACILITATION OF SEMINARS, WORKSHOPS AND COMMUNITY DIALOGUES WHICH TAUGHT SKILLS IN DIALOGUE, CONFLICT TRANSFORMATION AND RECONCILIATION.NATIONAL PROGRAM: 2021 ACHIEVEMENTS INCLUDED REGIONAL ACTIVITIES WHICH TRAINED AND DEVELOPED LIFE CHANGING SKILLS TO FURTHER THE PRINCIPLES OF THE ORGANIZATIONS, OPERATION OF FACILITIES, INCLUDING WORKSHOPS/SEMINARS BY EMPLOYEES AND VOLUNTEER WORKERS.TOTAL NUMBER OF PARTICIPANTS WAS 312.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Hamilton Presidentinterim Executive D | OfficerTrustee | 10 | $0 |
Valerie A Lemmie Treasurer | OfficerTrustee | 10 | $0 |
Jeremy A Pearce Secretary | OfficerTrustee | 5 | $0 |
E Terri Lavelle Director | Trustee | 5 | $0 |
Anthony Sheehan Director | Trustee | 5 | $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 | $105,198 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,198 |
| Total Program Service Revenue | $0 |
| Investment income | $133,548 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $160,733 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $401,070 |
| 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 | $374,053 |
| Pension plan accruals and contributions | $13,875 |
| Other employee benefits | $29,070 |
| Payroll taxes | $32,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $76,459 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,050 |
| Travel | $564 |
| 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 | $3,214 |
| Insurance | $5,921 |
| All other expenses | $0 |
| Total functional expenses | $830,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,731 |
| Savings and temporary cash investments | $237,786 |
| 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 | $8,067 |
| Net Land, buildings, and equipment | $114,667 |
| Investments—publicly traded securities | $6,454,385 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,500 |
| Total assets | $7,057,136 |
| Accounts payable and accrued expenses | $257,129 |
| Grants payable | $0 |
| Deferred revenue | $227,049 |
| 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 | $484,178 |
| Net assets without donor restrictions | $5,731,221 |
| Net assets with donor restrictions | $841,737 |
| 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 | $7,057,136 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Initiatives Of Change Inc has recieved totaling $1,069.
| Awarding Organization | Amount |
|---|---|
Pohlad Family Foundation Minneapolis, MN PURPOSE: GENERAL OPERATING | $1,040 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $29 |
Endowment Analysis
| Beg. Balance | $689,087 |
| Ending Balance | $689,087 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hampton Roads Educational Telecommunications Association Inc Norfolk, VA | $32,040,229 | $13,882,168 |
Nashville Public Television Inc Nashville, TN | $12,793,637 | $7,603,671 |
Kentucky Educational Television Foundation Inc Lexington, KY | $11,286,111 | $8,939,208 |
The Source For Learning Inc Reston, VA | $77,116,189 | $9,603,490 |
Johnsonville Tva Employees Credit U Camden, TN | $144,344,492 | $5,400,399 |
Blue Ridge Public Television Roanoke, VA | $5,643,633 | $3,346,283 |
East Tennessee Public Communications Corporation Knoxville, TN | $6,653,863 | $3,794,703 |
Montgomery Comm Television Inc Rockville, MD | $2,556,236 | $3,851,592 |
World Christian Broadcasting Corporation Franklin, TN | $9,955,319 | $2,836,248 |
Iwt-Trnn Inc Baltimore, MD | $8,183,946 | $3,134,025 |
Greater Chattanooga Public Television Corporation Chattanooga, TN | $5,254,275 | $2,478,366 |
Upper Cumberland Broadcast Council Cookeville, TN | $3,187,769 | $2,605,281 |