Concentric Development Inc
- Assets
- $271.4k
- Revenue
- $436.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Cary, NC
- Founding
- 07/2012
- Data as of
- 12/2021
- EIN
- 45-1056079
Organization Overview
Concentric Development Inc is located in Cary, NC. The organization was established in 2012. According to its NTEE Classification (Q02) the organization is classified as: Management & Technical Assistance, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concentric Development 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, Concentric Development Inc generated $436.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $367.2k during the year ending 12/2021. While expenses have increased by 3.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ASSISTANCE TO INDIVIDUALS AND ORGANIZATIONS DEDICATED TO MEETING PEOPLE'S HUMANITARIAN RELIEF, DEVELOPMENT AND/OR SPIRITUAL NEEDS BOTH IN THE UNITED STATES AND ABROAD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EQUIPPED CHURCHES IN ASIA TO REACH OUT TO THE COMMUNITIES AROUND THEM IN WORD AND DEED.
LED INITIATIVE TO ENCOURAGE CHRISTIAN ENTREPRENEURS IN ASIA.
LED DEVELOPMENT OF A MEDIA INVESTMENT STRATEGY FOR A PARTNER IN ASIA.
PARTICIPATED IN DEVELOPMENT OF A LEADERSHIP STRATEGY FOR COUNTRY IN ASIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Mitchell President/secretary | OfficerTrustee | 40 | $202,917 |
Charles Hawkes Treasurer | OfficerTrustee | 2 | $0 |
David Andrew Jones Director | Trustee | 1 | $0 |
Lynne Hawkes Director | Trustee | 1 | $0 |
Jennifer Haynie Director | Trustee | 1 | $0 |
Katherine Mitchell Director | Trustee | 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 | $302,648 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $302,648 |
| Total Program Service Revenue | $132,500 |
| 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 | $436,009 |
| 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 | $83,568 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $249,473 |
| Compensation of current officers, directors, key employees. | $1,188 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,796 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,950 |
| 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 | $763 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $750 |
| Travel | $11,924 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $199 |
| Total functional expenses | $367,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,378 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $271,378 |
| 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 | $3,099 |
| Total liabilities | $3,099 |
| Net assets without donor restrictions | $268,279 |
| 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 | $271,378 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Concentric Development Inc has recieved totaling $44,220.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $44,100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $120 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Small Enterprise Education And Promotion Network Inc Arlington, VA | $1,027,683 | $1,485,694 |
Peace Operations Training Institute Williamsburg, VA | $902,166 | $1,336,277 |
A Connected Planet Mclean, VA | $219,418 | $882,057 |
Concentric Development Inc Cary, NC | $271,378 | $436,009 |
Glf Global Leadership Foundation U Sa Arlington, VA | $669,271 | $301,197 |
Virginia Section International City Management Association Richmond, VA | $291,018 | $0 |
Partners International Foundation Yorktown, VA | $251,276 | $0 |
Alliance For Conflict Transformation Inc Fairfax, VA | $44,861 | $0 |
International Relief And Development Holdings Inc Arlington, VA | $0 | $0 |
Association For Information And Image Management International Decatur, GA | $4,611 | $0 |