Compound Cares Inc
- Assets
- $196.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 05/2015
- Data as of
- 12/2023
- EIN
- 46-4833610
Organization Overview
Compound Cares Inc is located in Sarasota, FL. The organization was established in 2015. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Compound Cares 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, Compound Cares Inc generated $56.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $58.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 9 years. 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
2023
Describe the Organization's Program Activity:
Part 3
DURING 2022, FUNDS SUPPORTING MISSION MEXICO WERE USED AS FOLLOWS: 1)SPONSORSHIP OF LONG-TERM PAID STAFF MEMBERS WHO HELP CARE FOR AND SUPPORT THE YOUTH. PREVIOUSLY, SHORT-TERM VOLUNTEERS WERE USED, BUT THAT CREATED HIGH TURNOVER. PROVIDED LARGE PART OF FUNDING FOR THIS TRANSITION TO PROVIDE STABILITY AND CONSISTENCY FOR THE YOUTH SERVED. 2)CONTINUED SUPPORT OF LONG-TERM THERAPY FOR MISSION MEXICO HOUSE YOUTH. 60% OF CHILDREN AT THE REFUGE ARE IN BI-WEEKLY THERAPY SESSIONS WITH TWO LOCALLY SOURCED PSYCHOLOGISTS. 3)CONTINUED EDUCATIONAL SUPPORT FOR SEVERAL YOUTH. FUNDS USED FOR SCHOOL FEES, BOOKS, MATERIALS, UNIFORMS AND TUTORS. 4)EXPANDING COMMUNITY OUTREACH CENTER FOR 8-20 YEAR OLD YOUTH AROUND MISSION MEXICO REFUGE. IN 2022, SUPPORTED YOUTH WENT FROM 25 TO OVER 200 YOUTH BEING HELPED EACH MONTH. 5)GAVE FUNDS FOR PURCHASING A VEHICLE FOR THE COMMUNITY PROGRAM AND REFUGE IN MEXICO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Shields President | 5 | $0 | |
Shane Yoder Vice Preside | 1 | $0 | |
Rachel Shields Treasurer/se | 5 | $0 | |
Janet Holcomb Director | 1 | $0 | |
Dan Holcomb Director | 1 | $0 | |
Amber Yoder Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,789 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $56,789 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $42,494 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $787 |
| Total expenses | $58,281 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $195,984 |
| Other assets | $0 |
| Total assets | $195,984 |
| Total liabilities | $850 |
| Net assets or fund balances | $195,134 |