Family Promise Of Greater Beloit Inc
- Assets
- $993.9k
- Revenue
- $412.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Beloit, WI
- Founding
- 12/2001
- Data as of
- 12/2023
- EIN
- 39-2035122
Organization Overview
Family Promise Of Greater Beloit Inc is located in Beloit, WI. The organization was established in 2001. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Family Promise Of Greater Beloit Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Promise Of Greater Beloit 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, Family Promise Of Greater Beloit Inc generated $412.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.9% each year . All expenses for the organization totaled $411.2k during the year ending 12/2023. While expenses have increased by 29.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SHELTER, FOOD, CLOTHING, AND LIFE SKILLS TO FAMILIES FACING HOMELESSNESS AND HELPING THEM BECOME SELF SUFFICIENT MEMBERS OF THE GREATER BELOIT COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FOOD AND SHELTER TO 136 FAMILY MEMBERS. MOTEL EXPENSES DECLINED 71% AS SHELTER SERVICES SHIFTED FROM MOTELS TO THE NEW FIXED SITE. OVERALL EXPENSES INCREASED BY 3% DUE TO THE ADDED LEASED SPACE AND FOR ADDITIONAL STAFF TO PROVIDE OVERSIGHT AND SECURITY. THREE MEALS, INCLUDING ONE HOT MEAL, WERE PROVIDED TO THE FAMILIES EACH DAY FROM A COMBINATION OF VOLUNTEER CONGREGATIONS AND DISTRIBUTED FOOD CARDS. PROVIDED CASE MANAGEMENT SERVICES TO THE FAMILIES THAT WERE RECEIVING SHELTER OR RENTAL ASSISTANCE. THE CASE MANAGEMENT SERVICES ASSIST FAMILIES TO GRADUATE INTO HOUSING AND BECOME SELF SUFFICIENT BY: (1) FINDING HOUSING BY INTRODUCING THEM TO LANDLORDS OR AVAILABLE HOUSING UNITS; (2) FINDING EMPLOYMENT OR OTHER SOURCES OF INCOME BY BUILDING A RESUME AND LEARNING HOW TO INTERVIEW; (3) LEARNING AND UNDERSTANDING BASIC FINANCIAL LITERACY AND HOUSEHOLD BUDGETING; (4) UNDERSTANDING THE KEYS TO BEING A GOOD TENTANT SO THAT A LANDLOARD PREFERS THEM AS A POTENTIAL TENANT; AND (FINDING) THIRD PARTY CHILD CARE AND ALTERNATIVE OPTIONS TO FUND CHILD CARE.
GENERAL HOMELESS SERVICES FOOD, CLOTHING AND HOUSING.
PROVIDED RENTAL ASSISTANCE TO 44 FAMILY AND 147 INDIVIDUALS MEMBERS. RENTAL ASSISTANCE EXPENSES INCREASED BY 452% FROM THE PRIOR YEAR, AS FAMILIES STRUGGLED TO MAKE INCREASING RENT PAYMENTS. RENTAL ASSISTANCE WAS PROVIDED TO FAMILIES FACING EVICTION OR JUST ENTERING RENTAL HOUSING. THE EXPENSES/GRANTS WERE PAID DIRECTLY TO LANDLORDS AND PROPERTY MANAGERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Barr Director | Trustee | 1 | $0 |
Anthony Bosco Director | Trustee | 1 | $0 |
Mike Clark Director | Trustee | 1 | $0 |
Anthony Culver Director | Trustee | 1 | $0 |
Merry Beth Gliebe President | OfficerTrustee | 40 | $0 |
Florence Haley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,985 |
| Related organizations | $0 |
| Government grants | $178,288 |
| All other contributions, gifts, grants, and similar amounts not included above | $181,749 |
| Noncash contributions included in lines 1a–1f | $33,437 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $382,022 |
| Total Program Service Revenue | $0 |
| Investment income | $74 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $29,910 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $412,006 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $66,531 |
| 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 | $162,620 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,703 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,650 |
| Advertising and promotion | $0 |
| Office expenses | $622 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,915 |
| Travel | $832 |
| 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 | $34,296 |
| Insurance | $4,363 |
| All other expenses | $8,360 |
| Total functional expenses | $411,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $346,557 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $30,560 |
| 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 | $3,840 |
| Net Land, buildings, and equipment | $368,862 |
| Investments—publicly traded securities | $75,400 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $168,714 |
| Total assets | $993,933 |
| Accounts payable and accrued expenses | $14,532 |
| 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 | $168,714 |
| Total liabilities | $183,246 |
| Net assets without donor restrictions | $809,507 |
| Net assets with donor restrictions | $1,180 |
| 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 | $993,933 |