Common Heart Inc
- Assets
- $414.1k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 23
- Location
- Indian Trail, NC
- Founding
- 01/2013
- Data as of
- 12/2021
- EIN
- 46-1161476
Organization Overview
Common Heart Inc is located in Indian Trail, NC. The organization was established in 2013. 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 12/2021, Common Heart Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Common Heart 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, Common Heart Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 17.5% 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
COMMON HEART, INC FOCUSES ON EMPOWERING FAMILIES LIVING IN POVERTY BY BUILDING RELATIONSHIPS, STABILIZING THE ECONOMIC ENVIRONMENT BUILDING RESOURCES TOWARD STABILITY AND GROWTH. CONTINUED ON SCH O
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMON HEART OPERATED 11 FOOD PANTRY OUTREACHES IN 2021 ACROSS UNION COUNTY NC. THESE INCLUDE 4 TRADITIONAL WEEKLY EVENING PANTRIES AND 3 REGULARLY SCHEDULED MOBILE PANTRIES HELD IN PARTNERSHIP WITH LOCAL CHURCHES AND COMMUNITY AGENCIES. OTHER OUTREACHES INCLUDE A QUARTERLY NEIGHBORHOOD POPUP PANTRY AND SENIOR FOOD BOX PROGRAM. OUR LEGACY DELIVERY BASED PROGRAM, COMMON CUPBOARD FOCUSING ON DELIVERING GROCERIES AND CREATING SUPPORTIVE FRIENDSHIPS EXPANDED TO TWO LOCATIONS IN 2020. THE KEY DYNAMIC OF OUR PANTRIES IS THE INFUSION OF INTENTIONAL ACTIVE KINDNESS TO BUILDRELATIONSHIPS ACROSS SOCIOECONOMIC, ETHNIC AND RACIAL BOUNDARIES.
OUR ECONOMIC EMPOWERMENT PROGRAM IS DESIGNED TO HELP FAMLIES STABILZE THEIR ENVIRONVMENT AND BUILD REOSRUCES TOWARD SELF-SUSTAINABILITY. WE HELP STABILIZE A FAMILY THROUGH NETWORKING, COACHING AND LIMITED DIRECT ASSISTANCE. THROUGH ONSITEE PARTNERSHIPS WE PROVIDE FREE INCOME TAX PREPARATION, OUR KEYSTONE ECONOMIC EMPOWERMENT PROGRAM IS GETTING AHEAD. GETTING AHEAD WORKGROUPS PROVIDE TRAINING TO FOR A FAMILY LEADER TO MOVE THEIR FAMILY TOWARD SELFSUFFICIENCY. AFTER GETTING AHEAD TRAINING THE GRADUATE IS A PART OF A SUPPORTAVE COMMUNITY, ADVOCATS FOR CHANGE. IN 2021 WE ADDED ADDITIONAL ENHANCEMENTS TO OUR AFTER GETTING AHEAD PROGRAM INCLUDING FREE LIFE COACHING, NEW STABILITY AND GROWTH CLASSES AND AN INNOVATIVE PROGRAM, EMERGENCY SAVINGS INCENTIVE PROGRAM. ESIP ENCOURAGES BUILDING RESOURCES TO CREATE STABILITY AND ECONOMIC GROWTH BY PROVIDING A 500 EMERGENCY SAVINGS ACCOUNT UPON COMPLETION. POVERTY SIMULATION RUN BY AFC SEEKS TO CREATE AWARENESS OF REALITIES OF POVERTY AND ENGAGMENT IN ADDRESSING IT LOCALLY.
2021 WAS OUR 15TH ANNUAL GREAT TURKEY COUNTDOWN PROVIDING A TURKEY AND ALL THE FIXINS TO CREATE A FAMILY THANKSGIVING MEAL. WE ENGAGE LOCAL CHURCHES, BUSINESS AND OUR FRIENDS ON FACEBOOK TO DONATE THE TURKEY, FIXINS OR CASH TO BE USED TO BUY THESE ITEMS. WE ENGAGE OVER 600 VOLUNTEERS TO PACK AND DELIVER THE FOOD. WE PROVIDED THANKSKGIVING TO 1,500 FAMILIES, 8,422 OF OUR NEIGHBORS. WE DELIVERED OVER 50,000 POUNDS OF FOOD FOR THANKSGIVING THIS YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Adams Executive Director Ex-Officio Not Voting Board Member | Trustee | 65 | $67,848 |
Patrick Loeffler President Of Board Of Directors | OfficerTrustee | 4 | $0 |
Brian Cross Vice President | OfficerTrustee | 4 | $0 |
Gokhan Guley Secretary | OfficerTrustee | 4 | $0 |
Terrica Washington Treasurer | OfficerTrustee | 4 | $0 |
Dennis Thompkins Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,706 |
| Related organizations | $0 |
| Government grants | $38,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,643,916 |
| Noncash contributions included in lines 1a–1f | $1,089,770 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,694,222 |
| Total Program Service Revenue | $9,706 |
| 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 | $76,897 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,830,377 |
| 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. | $67,848 |
| Compensation of current officers, directors, key employees. | $20,354 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $319,463 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,439 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,920 |
| Advertising and promotion | $9,765 |
| Office expenses | $69,257 |
| Information technology | $5,145 |
| Royalties | $0 |
| Occupancy | $58,576 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,429 |
| Interest | $203 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,978 |
| Insurance | $15,490 |
| All other expenses | $34,275 |
| Total functional expenses | $1,851,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251,349 |
| 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 | $88,501 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $67,450 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,764 |
| Total assets | $414,064 |
| Accounts payable and accrued expenses | $13,021 |
| 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 | $13,021 |
| Net assets without donor restrictions | $382,409 |
| Net assets with donor restrictions | $18,634 |
| 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 | $414,064 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Common Heart Inc has recieved totaling $11,041.
| Awarding Organization | Amount |
|---|---|
The Society Of Saint Andrew Inc Big Island, VA PURPOSE: TO PROVIDE NOURISHMENT TO HUNGRY NEIGHBORS | $11,041 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Improvement Council Inc Edenton, NC | $4,246,156 | $20,948,013 |
Frontstream Global Fund Alexandria, VA | $871,140 | $19,414,740 |
Catholic Charities Of Tennessee Inc Nashville, TN | $6,708,389 | $19,282,106 |
Country Club Of Landfall Wilmington, NC | $36,040,032 | $19,318,350 |
Miracle Hill Ministries Inc Greenville, SC | $35,712,614 | $22,314,976 |
Pee Dee Community Action Agency Florence, SC | $4,501,947 | $18,161,366 |
Commonwealth Catholic Charities Richmond, VA | $9,806,748 | $17,802,660 |
Action Pathways Inc Fayetteville, NC | $19,024,818 | $19,740,388 |
Southeast Tennessee Human Resource Agency Dunlap, TN | $24,351,699 | $17,068,562 |
Western Carolina Community Action Inc Hendersonville, NC | $8,009,014 | $16,309,816 |
Highland School Inc Warrenton, VA | $41,730,791 | $16,433,775 |
Mid-Cumberland Community Action Agency Inc Mount Juliet, TN | $5,482,077 | $16,120,135 |