The Change Center
- Assets
- $3.8m
- Revenue
- $494.9k
- Investments
- $0.0
- Employees
- 49
- Location
- Knoxville, TN
- Founding
- 08/2016
- Data as of
- 12/2023
- EIN
- 38-3991050
Organization Overview
The Change Center is located in Knoxville, TN. The organization was established in 2016. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Change Center employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Change 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 12/2023, Change Center generated $494.9k 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 (10.1%) each year. All expenses for the organization totaled $703.0k during the year ending 12/2023. 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 CHANGE CENTER IS A SAFE, STRATEGICALLY LOCATED, CENTER-CITY PARTNERSHIP FACILITY THAT PROVIDES RELATIONAL, RECREATIONAL, LEADERSHIP DEVELOPMENT, AND JOBS INIATIVES FOR TEENS AND YOUNG ADULTS IN AN ATTRACTIVE FUN ENVIRONMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHANGE CENTER IS A SAFE, STRATEGICALLY LOCATED, CENTER-CITY PARTNERSHIP FACILITY THAT PROVIDES RELATIONAL, RECREATIONAL, LEADERSHIP DEVELOPMENT, AND JOBS INIATIVES FOR TEENS AND YOUNG ADULTS IN AN ATTRACTIVE FUN ENVIRONMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daryl Arnold Co-Chair | OfficerTrustee | $0 | |
Ursula Bailey Director | Trustee | $0 | |
Adam Fritts Director | Trustee | $0 | |
Sterling Henton Director | Trustee | $0 | |
Jonathan Mayfield Director | Trustee | $0 | |
Mike Murray Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $96,822 |
| All other contributions, gifts, grants, and similar amounts not included above | $237,204 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $334,026 |
| Total Program Service Revenue | $160,830 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $494,856 |
| 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 | $289,617 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,470 |
| Payroll taxes | $29,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,028 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,200 |
| Advertising and promotion | $3,016 |
| Office expenses | $13,808 |
| Information technology | $341 |
| Royalties | $0 |
| Occupancy | $54,724 |
| Travel | $385 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,043 |
| Interest | $39,009 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $175,413 |
| Insurance | $19,707 |
| All other expenses | $573 |
| Total functional expenses | $703,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,403 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,790 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,046 |
| Prepaid expenses and deferred charges | $10,798 |
| Net Land, buildings, and equipment | $3,712,571 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,794,608 |
| Accounts payable and accrued expenses | $11,954 |
| 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 | $855,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,139 |
| Total liabilities | $876,093 |
| Net assets without donor restrictions | $2,918,515 |
| 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 | $3,794,608 |