Common Heart Inc
- Assets
- $625.5k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 27
- Location
- Indian Trail, NC
- Founding
- 01/2013
- Data as of
- 12/2023
- 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 12/2023, Common Heart Inc employed 27 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 12/2023, Common Heart Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $1.9m during the year ending 12/2023. While expenses have increased by 13.8% per year over the past 9 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
2023
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMON HEART OPERATED 13 PANTRY OUTREACHED IN 2023 ACROSS UNION COUNTY NC. THESE PANTRIES SERVED 14.393 UNIQUE INDIVIDUIALS AN AVERAGE OF 4 TIMES A YEAR. 73.4 OF THE ESTIMATED FOOD INSECURE RESIDENTS IN UNION COUTY RECEIVED FOOD FROM COMMON HEART. OUR GOAL IS TO REMOVE ALL BARRIERS TO RECEIVE THIS ASSITANCE AND SO WE PROVIDE A COMBINATION OF 4 EVENING PANTRY, 4 MORNING PANTRY, 4 NEIGHBORHOOD PANTRY AND 2 DELIVERY BASED PANTRY LOCATIONS. OUR LEGACY DELIVERY PANTRY, COMMON CUPBOARD, FOCUSE ON DELIVERING GROCERIES AND CREATING SUPPORTIVE FRIENDSHIPS. THE UNIQUE DYNAMIC OF OUR PANTRIES IS THE INFUSION OF INTENTIOANL ACTIVE KINDNESS CREATINGLATIONSHIPS ACROSS SOCIOECONOMIC, CULTURAL AND RACIAL BOUNDARIES.
ECONOMIC EMPOWERMENT PROGRAMS OF COMMON HEART ARE DESIGNED TO EMPOWER FAMILIES EXPERIENCING THE LOW RESOURCES ENVIRONMENT OF POVERTY AND FOOD INSECURITY TO BECOME MORE STABLE AND UPWARDLY MOBILE. THE ONRAMP IS GETTING AHEAD IN A JUST GETTING BY WORLD GA WHICH IS PROVEN TO INCREASE STABILTY AND RESOURCES TO CREATE NEW FUTURES FOR FAMILIES EXPERIENCING POVERTY. GRADUATES OF THIS PROGRAM ARE OFFERED SEVEN FREE COACHING SESSIONS TO ASSIST THEM TO ACHIEVE GOALS AND PLANS SET IN GA. DURING THE NEXT 12-18 MONTHYS WE ENGAGE GRADUATES WITH OVER 15 10- 20 HOUR WORKSHOPS TO BUILD ON THEIR GA EXPERIENCE AND MONTHLY RESOURCE BUILDING GATHERINGS. THROUGH PARTICIPATING IN THESE LEARNING OPPORUTNITIES, ACHIEVING GOALS AND VOLUNTEERING PARTICIPANTS HAVE OPPORTUNITY TO GAIN A 500 EMERGENCY SAVINGS ACCOUNT. TRAINING IS ALSO PROVIDED TO THE COMMUNITY AT LARGE ASSISTING PROFESSIONALS AND VOLUNTEERS TO CREATE BETTER OUTCOMES IN THEIR SERVICE TO UNDERRESOURCED FAMLIES.
2023 WAS OUR 17TH ANNUAL GREAT TURKEY COUNTDOWN UTILIZING OVER 500 VOLUNTEERS TO GATHER AND DELIVER A TURKEY AND ALL THE FIXINS FOR A LOW INCOME FAMILY TO PREPARE FOR THANKSGIVING. THIS IS A MAJOR COMMUNITY UNDERAKING AS WE ENGAGE LOCAL CHURCHES, BUSINESS AND OUR FRIENDS ON FACEBOOK TO DONATE THE TURKEY, FIXINS OR CASH TO BE USED TO BUY THESE ITEMS. VOLUNTEERS TO PACK AND DELIVER THE FOOD. WE PROVIDED THANKSKGIVING TO 1,550 FAMILIES, 8,190 OF OUR NEIGHBORS. WE DELIVERED OVER 62,000 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, Non-Voting | OfficerTrustee | 65 | $79,500 |
Patrick Loeffler President | OfficerTrustee | 3 | $0 |
Amy Russo Vice President | OfficerTrustee | 3 | $0 |
Cara Bailey Secretary | OfficerTrustee | 2 | $0 |
Heather Brodbeck Treasurer | OfficerTrustee | 3 | $0 |
Darren Greene Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $139,200 |
| Related organizations | $0 |
| Government grants | $62,290 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,547,757 |
| Noncash contributions included in lines 1a–1f | $956,458 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,749,247 |
| Total Program Service Revenue | $13,024 |
| Investment income | $3,726 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,431 |
| Net Income from Fundraising Events | -$4,694 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,769,734 |
| 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. | $81,294 |
| Compensation of current officers, directors, key employees. | $24,388 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $425,383 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $42,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,919 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,664 |
| Advertising and promotion | $9,826 |
| Office expenses | $46,460 |
| Information technology | $2,754 |
| Royalties | $0 |
| Occupancy | $54,928 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,307 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,373 |
| Insurance | $16,459 |
| All other expenses | $42,410 |
| Total functional expenses | $1,917,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,812 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $153,008 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $53,736 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $97,229 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $163,757 |
| Total assets | $625,542 |
| Accounts payable and accrued expenses | $47,354 |
| 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 | $149,637 |
| Total liabilities | $196,991 |
| Net assets without donor restrictions | $398,551 |
| Net assets with donor restrictions | $30,000 |
| 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 | $625,542 |