The Hub Of Mcdowell Inc
- Assets
- $233.0k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Marion, NC
- Founding
- 09/2014
- Data as of
- 07/2022
- EIN
- 45-2726203
Organization Overview
The Hub Of Mcdowell Inc, operating under the name Nebo Crossing Academy Inc, is located in Marion, NC. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 07/2022, Nebo Crossing Academy Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebo Crossing Academy 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 07/2022, Nebo Crossing Academy Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $1.1m during the year ending 07/2022. While expenses have increased by 22.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHRISTIAN EDUCATION FROM ELEMENTARY THROUGH HIGH SCHOOL IN WESTERN NORTH CAROLINA
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE CHRISTIAN EDUCATION FROM ELEMENTARY THROUGH HIGH SCHOOL IN WESTERN NORTH CAROLINA ALONG WITH ATHLETIC, CHARITABLE, AND OTHER ACTIVITIES.
TO PROVIDE COUNSELING AND EDUCATION TO LOW-INCOME INDIVIDUALS ON THE PATH TO HOME OWNERSHIP IN BURKE, MCDOWELL, AND RUTHERFORD COUNTIES OF NORTH CAROLINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Long Vice President | OfficerTrustee | 1 | $0 |
Robert Ritter President | OfficerTrustee | 1 | $0 |
Brian Bradley Director | Trustee | 1 | $0 |
Dan Patnode 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 | $161,367 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $161,367 |
| Total Program Service Revenue | $1,045,855 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $506 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,819 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,232,549 |
| 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 | $628,824 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,504 |
| Payroll taxes | $46,511 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,263 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,013 |
| Office expenses | $0 |
| Information technology | $13,413 |
| Royalties | $0 |
| Occupancy | $111,640 |
| Travel | $8,532 |
| 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 | $17,171 |
| All other expenses | $47,280 |
| Total functional expenses | $1,114,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,980 |
| 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 | $232,980 |
| Accounts payable and accrued expenses | $32,883 |
| Grants payable | $0 |
| Deferred revenue | $64,275 |
| 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 | $97,158 |
| Net assets without donor restrictions | $52,228 |
| Net assets with donor restrictions | $83,594 |
| 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 | $232,980 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Hub Of Mcdowell Inc has recieved totaling $534.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $534 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Susan B Anthony List Inc Arlington, VA | $6,109,204 | $16,065,131 |
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
North Raleigh Christian Academy Raleigh, NC | $50,620,236 | $15,888,714 |
Seton Home Study School Front Royal, VA | $19,128,742 | $13,590,541 |
Instruction Partners Nashville, TN | $7,038,441 | $15,858,376 |
Centennial Place Academy Inc Atlanta, GA | $7,663,078 | $14,548,051 |
Read Foundation Memphis, TN | $15,946,000 | $13,611,845 |
Strategic Capacity Group Inc Mclean, VA | $1,824,045 | $10,738,430 |
Georgia School Boards Association Workers Compensation Fund Lawrenceville, GA | $82,470,003 | $15,076,432 |
Phoenix Counseling Center Mooresville, NC | $4,757,713 | $10,250,930 |
Nashville Christian Schools Inc Nashville, TN | $15,861,527 | $11,380,929 |
Global Entrepreneurship Network Inc Arlington, VA | $6,928,946 | $10,036,868 |