Acn Global Reach Charities Inc
- Assets
- $53.0
- Revenue
- $537.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Concord, NC
- Founding
- 02/2013
- Data as of
- 12/2022
- EIN
- 45-1496460
Organization Overview
Acn Global Reach Charities Inc is located in Concord, NC. The organization was established in 2013. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acn Global Reach Charities 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 12/2022, Acn Global Reach Charities Inc generated $537.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $539.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Acn Global Reach Charities Inc has awarded 36 individual grants totaling $1,099,951. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EXPAND THE CHARITABLE EFFORTS ILLUSTRATED BY ACN, INC. BY PROVIDING FOCUSED MANAGEMENT AND INCREASED FUNDRAISING EFFORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUPPORTED MULTIPLE 501(C)(3) CHARITABLE ORGANIZATIONS DURING THE TAX YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Johnson Chairman | 5 | $0 | |
Robert Stevanovski President | 1 | $0 | |
Charles Barker Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $537,740 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $537,740 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,647 |
| Total operating and administrative expenses | $1,647 |
| Contributions, gifts, grants paid | $537,850 |
| Total expenses and disbursements | $539,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $53 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Acn Global Reach Charities Inc has awarded $537,850 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS OF GREATER PURPOSE: OPERATIONAL SUPPORT | $5,000 |
BOY SCOUTS OF AMERICA 92 ATLANTA AREA CO PURPOSE: OPERATIONAL SUPPORT | $25,000 |
CANADIAN MACEDONIAN PLACE PURPOSE: OPERATIONAL SUPPORT | $2,912 |
CHAMPIONS FOR EDUCATION INC PURPOSE: OPERATIONAL SUPPORT | $233,345 |
CHARLOTTE CENTER FOR URBAN MINISTRY PURPOSE: OPERATIONAL SUPPORT | $5,000 |
CHARLOTTE TOUCHDOWN CLUB PURPOSE: OPERATIONAL SUPPORT | $14,000 |