Xcel Strategies
- Assets
- $290.5k
- Revenue
- $608.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Savannah, GA
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-0987967
Organization Overview
Xcel Strategies is located in Savannah, GA. The organization was established in 2014. According to its NTEE Classification (O55) the organization is classified as: Youth Development - Religious Leadership, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Xcel Strategies 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, Xcel Strategies generated $608.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 36.8% each year . All expenses for the organization totaled $495.8k during the year ending 12/2021. While expenses have increased by 40.2% per year over the past 6 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
ORGANIZATION PROVIDES TRAINING AND MENTORING PROGRAM TO UNDER PRIVILEDGED YOUNG MEN. ORGANIZATION COORDINATES JOY PROM EVENT FOR PHYSICALLY AND MENTALLY CHALLENGED KIDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION SUCCESSFULLY MENTORED AND TRAINED 25 UNDERPRIVILEDGED YOUNG MEN IN MULTIPLE GEOGRAPHIC MARKETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Thompson Executive Director | Officer | 0 | $92,952 |
Chris Semones Board Member | Officer | 0 | $0 |
Bo Longgrear Board Member | Officer | 0 | $0 |
Brian Smith Board Member | Officer | 0 | $0 |
Paul Threlkeld Board Member | Officer | 0 | $0 |
Brad Whitfield Treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $608,096 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $608,096 |
| Total Program Service Revenue | $0 |
| 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 | $608,096 |
| 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. | $92,952 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $202,340 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $998 |
| 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 | $0 |
| Information technology | $22,086 |
| Royalties | $0 |
| Occupancy | $3,000 |
| Travel | $5,121 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,240 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,248 |
| Insurance | $18,792 |
| All other expenses | $104,110 |
| Total functional expenses | $495,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,599 |
| 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 | $98,852 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $290,451 |
| Accounts payable and accrued expenses | $6,536 |
| 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 | $0 |
| Total liabilities | $6,536 |
| Net assets without donor restrictions | $0 |
| 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 | $283,915 |
| Total liabilities and net assets/fund balances | $290,451 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Xcel Strategies has recieved totaling $294,278.
| Awarding Organization | Amount |
|---|---|
United Way Of Palm Beach County Inc West Palm Beach, FL PURPOSE: Community Impact | $117,778 |
Impact 100 Palm Beach County Inc Boca Raton, FL PURPOSE: CHARITY | $100,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $25,900 |
Lost Tree Village Charitable Foundation Inc North Palm Beach, FL PURPOSE: For a vehicle for the Mobile Training Unit, which provides the education access to young people interested in the construction industry. | $25,000 |
The Savannah Community Foundation Inc Savannah, GA PURPOSE: FINANCIAL SUPPORT | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $5,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Upward Unlimited Spartanburg, SC | $35,641,784 | $21,946,822 |
Memphis Leadership Foundation Inc Memphis, TN | $2,752,638 | $7,362,693 |
Teen Missions International Inc Merritt Island, FL | $6,439,891 | $4,720,364 |
Snowbird Outfitters Inc Andrews, NC | $8,374,125 | $4,995,769 |
Shepherds Hill Academy Inc Martin, GA | $1,457,455 | $2,744,719 |
Trail Life Usa Inc Belton, SC | $3,526,891 | $2,835,024 |
Reformed Youth Movement Inc Vestavia Hills, AL | $383,733 | $2,353,937 |
Growing Leaders Peachtree Corners, GA | $1,677,783 | $2,391,080 |
Rocketown Of Middle Tennessee Nashville, TN | $14,416,102 | $2,100,744 |
Passport Inc Birmingham, AL | $1,420,477 | $2,225,291 |
Youth For Christ Usa Inc Miami, FL | $2,327,738 | $1,912,996 |
For The Kingdom Inc Memphis, TN | $3,127,241 | $2,655,731 |