514 Initiative
- Assets
- $157.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Greensboro, NC
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-4420766
Organization Overview
514 Initiative is located in Greensboro, NC. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, 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. 514 Initiative 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, 514 Initiative generated $134.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $126.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDED ASSISTANCE AND FUNDING TO AFRICAN ORPHANAGE AND PREGNANCY CENTER. ASSISTED WITH ADOPTION OF SPECIAL NEEDS CHILDREN THROUGH GOOD SHEPHERD'S FOLD ORPHANAGE. REFUGEE CARE INCLUDING EMERGENCY SERVICES, DRIVING LESSONS, HELP IN RESOURCING COMMUNITY SERVICES, JOB RESEARCH, JOB LOCATION ASSISTANCE, FAMILY SPONSORSHIPS, VOLUNTEER PROVISIONS AND RECREATIONAL OPPORTUNITIES. THE ORGANIZATION CREATED, ORGANIZED, AND MAINTAINED A FREE CLOTHES CLOSET AND FOOD PANTRY FOR THOSE REFUGEES WHO ARE UNDER-RESOURCED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jimmy Renslow President | 40 | $0 | |
Jody Tester Treasurer | 0 | $0 | |
Doug Mcclay Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,711 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $624 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $134,335 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $67,067 |
| Professional fees and other payments to independent contractors | $2,572 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $57,001 |
| Total expenses | $126,640 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $157,618 |
| Other assets | $0 |
| Total assets | $157,618 |
| Total liabilities | $0 |
| Net assets or fund balances | $157,618 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that 514 Initiative has recieved totaling $30,804.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $15,443 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: JUSTICE | $8,750 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $6,600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telamon Corporation Raleigh, NC | $28,971,791 | $85,006,099 |
Pruitt Corporation Employee Welfare Norcross, GA | $5,026,472 | $52,038,649 |
Palmetto Goodwill North Charleston, SC | $100,114,143 | $50,949,954 |
Helping Hands Ministries Inc Tallulah Falls, GA | $3,673,283 | $41,819,921 |
Bremen Food & Clothing Bank Inc Bremen, GA | $515,496 | $35,921,408 |
Navy Marine Coast Guard Residence Foundation Mclean, VA | $169,576,374 | $36,329,894 |
Southwest Georgia Community Action Council Inc Moultrie, GA | $11,357,621 | $35,023,890 |
Mid-Cumberland Human Resource Agency Nashville, TN | $16,634,342 | $31,822,877 |
Must Ministries Inc Marietta, GA | $38,621,848 | $35,481,764 |
Inter-Faith Food Shuttle Raleigh, NC | $8,299,507 | $23,329,525 |
Total Action Against Poverty In Roanoke Valley Roanoke, VA | $8,696,425 | $23,450,227 |
Enrichment Services Program Incorporated Columbus, GA | $4,122,189 | $23,954,834 |