Velle Cares Foundation Inc
- Assets
- $27.4k
- Revenue
- $57.8k
- Investments
- $0.0
- Employees
- 0
- Location
- New Hill, NC
- Founding
- 09/2015
- Data as of
- 12/2022
- EIN
- 46-3479904
Organization Overview
Velle Cares Foundation Inc is located in New Hill, NC. The organization was established in 2015. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Velle Cares Foundation 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 12/2022, Velle Cares Foundation Inc generated $57.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (49.5%) each year. All expenses for the organization totaled $116.2k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AND ASSIST COMMUNITY BASED ORGANIZATIONS THAT PROMOTE HEALTH, EDUCATION, AND LIFE SKILLS FOR CHILDREN AND FAMILIES IN AT RISK SITUATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINGLE MOTHER'S BANQUET-HONOR 209 SINGLE MOTHERS ANNUALLY IN THE THE TRIANGLE COMMUNITY FOR THEIR HARD WORK, DEDICATION, AND SACRIFICE.
365 SUPPORT (6,347)-TO PROVIDE FOOD, CLOTHING,SHOES, AND EXPERIENCES TO UNDER PRVILIEGDED CHILDEN IN THE TRIANGLE AREA. BACK TO SCHOOL COMMUNITY DAY (3,391)-PROVIDED BOOK BAGS, SCHOOL SUPPLIES, HAIRCUTS AND SHOES FOR 1250 FAMILIES IN THE TRIANGLE COMMUNITY. TEACHER OF THE MONTH (1,028)-HONORED ONE TEACHER A MONTH IN THE WAKE COUNTY PUBLIC SCHOOL SYSTEM FOR THEIR HARD WORK, DEDICATION, AND DEVOTION TO OUR YOUTH.
GROW WITH GOOGLE-TO PROVIDE 100 PEOPLE WITH ACCESS TO IN DEMAND JOBS AND PROVIDE PRACTICAL TRAINING TO SET INDIVIDUALS IN THE COMMUNITY UP FOR SUCCESS.
FATHER DAUGHTER DANCE-TO PROVIDE A VENUE FOR FATHERS AND DAUGHTERS THAT STRENGTHEN AND ENCOURAGES HEALTHIER RELATIONSHIPS THROUGH, CONVERSATION AND ONE ON ONE TIME, AND FESTIVITIES. OVER 163 FATHERS AND DAUGHTERS WERE SERVED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Levelle Moton Executive Di | Trustee | $0 | |
Shonya Braithwaite Secretary/tr | Officer | $0 | |
Modupe Congleton Board Member | Officer | $0 | |
Terrell Midget Chairman | Officer | $0 | |
David Noel Board Member | Officer | $0 | |
Cressi Thigpen Vice Chairma | Officer | $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 | $57,840 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,840 |
| 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 | $57,840 |
| 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 | $0 |
| 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 | $650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,000 |
| Advertising and promotion | $3,924 |
| Office expenses | $82 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,161 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $758 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $116,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,405 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,405 |
| 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 | $27,405 |
| 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 | $27,405 |