Phased In
- Assets
- $1.5m
- Revenue
- $919.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Wichita Falls, TX
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 46-4123649
Organization Overview
Phased In is located in Wichita Falls, TX. The organization was established in 2014. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Phased In employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phased In 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, Phased In generated $919.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $399.2k during the year ending 12/2022. While expenses have increased by 8.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PHASED IN IS A TRANSITIONAL LIVING PROGRAM FOR EMANCIPATED FOSTER YOUTH. THE GOAL OF PHASED IN IS TO ASSIST THESE YOUNG ADULTS IN LEARNING BASIC LIFE SKILLS THAT WILL PREPARE THEM FOR INDEPENDENT LIVING. WE PROVIDE HOUSING, EDUCATION, MEDICAL CARE, AND LIFE SKILLS TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1,500 YOUTH PHASE OUT OF THE FOSTER CARE SYSTEM EACH YEAR IN THE STATE OF TEXAS ALONE. HALF OF THOSE YOUNG PEOPLE WILL BE HOMELESS AFTER THEIR 18TH BIRTHDAY. ABOUT THE SAME NUMBER WILL ENTER A LIFE OF DRUG OR ALCHOL ADDICTION. MANY OF THE GIRLS WILL END UP PREGNANT BEFORE THEIR 21TH BIRTHDAY. IT HAS BECOME SUCH AN EPIDEMIC THAT THE PRISON SYSTEMS OF AMERICA BASE THEIR FUTURE POPULATION ON THE NUMBER OF YOUTH WHO PHASE OUT OF FOSTER CARE. THE PHASED IN WICHITA FALLS CAMPUS HOUSED 55 MALE AND 6 FEMAL RESIDENTS IN SEPERATE DORMATORIES. THERE IS ALSO A SUNRISE CAMPUS IN ARLINGTON THAT IS UNDER CONSTRUCTION AND WILL OPEN IN 2023. IT WILL BE ABLE TO HOUSE 10-14 YOUTH UPON COMPLETION.DURING 2022, PHASED IN WAS ABLE TO ASSIST EACH RESIDENT FIND EMPLOYMENT AND ALSO EXLPLORE AND SET THEIR PERSONAL EDUCATION GOALS FOR THE FUTURE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cameron Mcbride Director | Trustee | 5 | $0 |
Kristen Crogan Director | Trustee | 5 | $0 |
Blake Walker Director | Trustee | 5 | $0 |
Colby Vansickler Director | Trustee | 5 | $0 |
Kile Bateman Director | Trustee | 5 | $0 |
Cindy Wright President | OfficerTrustee | 5 | $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 | $750,553 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $750,553 |
| Total Program Service Revenue | $0 |
| Investment income | $223 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $168,952 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $919,728 |
| 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 | $150,585 |
| 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 | $8,913 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $350 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,983 |
| Interest | $65,269 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,403 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $399,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $392,296 |
| Savings and temporary cash investments | $28,817 |
| 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 | $1,102,705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,523,818 |
| Accounts payable and accrued expenses | $2,760 |
| 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 | $698,279 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $701,039 |
| Net assets without donor restrictions | $718,153 |
| Net assets with donor restrictions | $104,626 |
| 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 | $1,523,818 |