Friends Of The Stokes Shelter Inc
- Assets
- $609.2k
- Revenue
- $144.1k
- Investments
- $25.0k
- Employees
- 3
- Location
- Walnut Cove, NC
- Founding
- 08/2013
- Data as of
- 12/2023
- EIN
- 46-2254848
Organization Overview
Friends Of The Stokes Shelter Inc is located in Walnut Cove, NC. The organization was established in 2013. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. As of 12/2023, Friends Of The Stokes Shelter Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Stokes Shelter 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, Friends Of The Stokes Shelter Inc generated $144.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $146.3k during the year ending 12/2023. 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
THE PRIMARY MISSION IS TO BUILD AND OPERATE A PRIVATELY RUN NO-KILL ANIMAL SHELTER IN STOKES COUNTY, NORTH CAROLINA. THE SHELTER PROVIDES ROOM FOR APPROXIMATELY 20 DOGS AND 20 CATS. IT INCLUDES A SEPARATE QUARANTINE AREA AND A SEPARATE AREA FOR PUBLIC INTERACTION WITH THE ANIMALS FOR ADOPTION PURPOSES. THE SHELTER IS CALLED THE FOSS ANIMAL ADOPTION CENTER. IT WILL ACCEPT AND CARE FOR HEALTHY DOGS AND CATS UNTIL AN APPROVED, LOVING, AND WELCOMING HOME CAN BE FOUND FOR THEM. WE WILL PROMOTE THESE DESERVING PETS TO THE BEST OF OUR ABILITY WHILE PROVIDING COMPASSIONATE CARE AT ALL TIMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISE PUBLIC FUNDS TO BUILD THE INITIAL ANIMAL SHELTER. AFTER 7 YEARS OF WORK, THE BUILDING WAS COMPLETED AT THE END OF 2019. WE RAISED OVER $450,000 FROM PUBLIC FUNDS. NO GOVERNMENT FUNDS WERE RECEIVED. IT HAS BEEN NAMED THE FOSS ANIMAL ADOPTION CENTER. IT OPENED FOR ADOPTIONS IN FEBRUARY 2020.
OPERATE THE ANIMAL SHELTER - CARE FOR AND ADOPT ALL ANIMALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Barsness Chair | OfficerTrustee | 16 | $0 |
Fran Hollis Board Member | Trustee | 6 | $0 |
Leslie Staples Treasurer | OfficerTrustee | 10 | $0 |
Kate Waterman Board Member | Trustee | 4 | $0 |
Aaron Sisco Member | Trustee | 3 | $0 |
Caleb Swaim Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,497 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $91,298 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,795 |
| Total Program Service Revenue | $28,905 |
| 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 | $6,354 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $144,054 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,617 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,286 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,457 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,086 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $4,622 |
| Total functional expenses | $146,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,322 |
| 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 | $459,893 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $25,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $609,215 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $609,215 |
| 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 | $609,215 |