Isaiah 58 Inc
- Assets
- $1.1m
- Revenue
- $636.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Nashville, TN
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 45-5430718
Organization Overview
Isaiah 58 Inc is located in Nashville, TN. The organization was established in 2014. 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, Isaiah 58 Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Isaiah 58 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, Isaiah 58 Inc generated $636.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $605.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 9 years. 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
ISAIAH 58, INC. SEEKS TO BRING HOPE AND FOSTER SPIRITUAL, PHYSICIAL, EMOTIONAL, FINANCIAL, AND MENTAL HEALTH TO THE POOR, DISENFRANCHISED, UNDEREMPLOYED, HOMELESS, AND NEEDY IN THE GREATER NASHVILLE METROPOLITAN AREA BY PROVIDING OUTREACH, MEANINGFUL EMPLOYMENT OPPORTUNITIES, TRANSITIONAL LIVING, AND EMOTIONAL, PHYSICAL, AND SPIRITUAL SUPPORT TO THE NEEDY CHILDREN, MEN, AND WOMEN IN ISAIAH 58'S COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPRINGBACK IS A RECYCLING VENTURE THAT EMPLOYES INDIVIDUALS TO BREAKDOWN USED MATTRESSES THAT ARE SOLD TO VARIOUS RECYCLING COMPANIES. THE PROGRAM WAS ESTABLISHED TO HELP INDIVIDUALS ESTABLISH HEALTHY WORK HABITS AND LEARN TO MANAGE FINANCES AND RESPONSIBILITES IN ORDER TO FIND GAINFUL EMPLOYMENT.
OUTREACH INCLUDES DEVELOPING RELATIONSHIPS BY PROVIDING MEALS AND SUPPORT TO A VARIETY OF TARGET GROUPS IN A MOBILE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Tiano COO | OfficerTrustee | 40 | $64,980 |
William F Ruff Executive Director | OfficerTrustee | 1 | $0 |
George Renaudin Treasurer | OfficerTrustee | 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 | $1,403 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,403 |
| Total Program Service Revenue | $564,453 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $71,000 |
| 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 | $636,856 |
| 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. | $66,929 |
| Compensation of current officers, directors, key employees. | $2,677 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,503 |
| Pension plan accruals and contributions | $1,342 |
| Other employee benefits | $8,113 |
| Payroll taxes | $12,512 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,501 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,772 |
| Advertising and promotion | $21,935 |
| Office expenses | $7,189 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $281,979 |
| Travel | $22,354 |
| 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 | $25,716 |
| Insurance | $16,868 |
| All other expenses | $0 |
| Total functional expenses | $605,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $291,882 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,496 |
| 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 | $5,757 |
| Net Land, buildings, and equipment | $37,118 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $700,073 |
| Total assets | $1,080,326 |
| Accounts payable and accrued expenses | $5,858 |
| Grants payable | $0 |
| Deferred revenue | $3,285 |
| 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 | $670,489 |
| Total liabilities | $679,632 |
| Net assets without donor restrictions | $400,694 |
| 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 | $1,080,326 |