Change Center Inc
- Assets
- $2.2m
- Revenue
- $384.1k
- Investments
- $0.0
- Employees
- 3
- Location
- North Myrtle Beach, SC
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 46-1885703
Organization Overview
Change Center Inc is located in North Myrtle Beach, SC. The organization was established in 2015. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Change Center Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Change Center 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, Change Center Inc generated $384.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $434.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CHANGE CENTER IS AN OUTREACH VENUE THAT PROVIDES ORGANIZATIONS WITH SPACE TO CONDUCT ACTIVITIES THAT BENEFIT THE COMMUNITY. WE PARTNER WITH ORGANIZATIONS THAT PROVIDE NEEDED SERVICES SUCH AS (1) PROVIDING MENTAL HEALTH SUPPORT, (2) PROVIDING SPACE TO CONDUCT NOT-FOR-PROFIT ACTIVITIES WITHIN A BUDGET THAT IS AFFORDABLE, (3) AND WORKING WITH OTHER AGENCIES SUCH AS WITH DOL TO DEVELOP AND TRAIN APPRENTICES. THE CENTER CONTINUES TO BE UTILIZED FOR A VARIETY OF COMMUNITY EVENTS SUCH AS LEADERSHIP DEVELOPMENT TRAINING, FUNDRAISING FOR HOMELESS VETERANS TO PROVIDE A HOME, AND CITY EVENTS. THE MISSION OF THE CHANGE CENTER REMAINS FOCUSED ON ITS COMMITMENT TO BUILD THE LOCAL CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTER PARTNERS WITH BOTH NOT-FOR-PROFIT AND FOR-PROFIT ORGANIZATIONS WITH AN OVERALL GOAL TO PROVIDE PERSONS WITH WORK THAT PROVIDE A LIVING WAGE AND OPPORTUNITIES TO DEVELOP VOCATIONS WHILE ADDRESSING MENTAL HEALTH OR PHYSICAL CHALLENGES THROUGH OUR PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Gillis Vice-President | OfficerTrustee | 10 | $6,000 |
Vicki Lynch Treasurer | OfficerTrustee | 15 | $0 |
Lauren Gillis President | OfficerTrustee | 40 | $0 |
Austin Frazier Director | Trustee | 1 | $0 |
Jillian Frazier Secretary | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $384,091 |
| 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 | $384,091 |
| 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. | $6,000 |
| Compensation of current officers, directors, key employees. | $3,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,680 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,608 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,996 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,624 |
| Travel | $0 |
| 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 | $113,385 |
| Insurance | $7,933 |
| All other expenses | $44,181 |
| Total functional expenses | $433,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $607 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,800 |
| 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 | $2,204,592 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,136 |
| Total assets | $2,230,135 |
| Accounts payable and accrued expenses | $219 |
| 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 | $2,694,404 |
| Unsecured mortgages and notes payable | $162,300 |
| Other liabilities | $5,100 |
| Total liabilities | $2,862,023 |
| Net assets without donor restrictions | -$631,888 |
| 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 | $2,230,135 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Csra Economic Opportunity Authority Inc Augusta, GA | $4,657,645 | $27,091,304 |
Charleston Area Convention & Visitors Bureau Charleston, SC | $17,210,458 | $29,781,081 |
Neighborhood Improvement Project Inc Augusta, GA | $12,770,161 | $24,738,698 |
Action Pact Inc Waycross, GA | $10,194,672 | $25,026,911 |
Tallatoona Community Action Partnership Inc Cartersville, GA | $2,878,907 | $21,403,724 |
Macon Bibb County Economic Opportunity Council Inc Macon, GA | $9,862,743 | $18,330,804 |
Economic Opportunity For Savannah Chatham County Area Inc Savannah, GA | $8,523,279 | $14,850,530 |
Waccamaw Economic Opportunity Council Inc Conway, SC | $5,439,118 | $14,126,176 |
Coastal Plain Area Economic Opportunity Authority Inc Valdosta, GA | $6,623,534 | $13,801,263 |
Coastal Community Action Inc Newport, NC | $6,264,251 | $13,623,681 |
Aiken Barnwell Counties Community Action Agency Inc Aiken, SC | $1,345,575 | $11,151,502 |
Community Action For Improvement Inc Lagrange, GA | $4,305,950 | $11,116,636 |