Hearts Beat As One Foundation Inc
- Assets
- $29.6k
- Revenue
- $340.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-5287924
Organization Overview
Hearts Beat As One Foundation Inc is located in Charlotte, NC. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hearts Beat As One 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 12/2021, Hearts Beat As One Foundation Inc generated $340.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $361.5k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HEARTS UNITED FOR GOOD STRIVES TO RAISE FUNDS AND AWARENESS FOR ORGANIZATIONS AND PEOPLE BASED IN AND AROUND CHARLOTTE, NC. WE SERVE INDIVIDUALS AND NON-PROFIT ORGANIZATIONS IN THE GREATER CHARLOTTE AREA THROUGH A VARIETY OF FINANCIAL AND NON-FINANCIAL MEANS. THE FOUNDATION HAS SUSTAINED PROGRAMS IN THE FOLLOWING AREAS: HOUSING AND HOMELESSNESS, EMERGING NEEDS, FOOD INSECURITY, ANIMAL WELFARE AND INCLUSIVITY AND EQUALITY FOR ALL PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMELESSNESS: FOUNDATION VOLUNTEERS WORK DAILY WITHIN THE UPTOWN AREA AND OUTLYING ENCAMPMENTS TO PROVIDE OUR SHELTERLESS NEIGHBORS WITH ACCESS TO RESOURCES AND SUPPLIES NEEDED TO SURVIVE. FOUNDATION VOLUNTEERS AND BOARD MEMBERS ALSO WORK WITH CITY, COUNTY, AND STATE SERVICES TO ENSURE THAT TARGETED ASSISTANCE IS AVAILABLE REGARDLESS OF CIRCUMSTANCE OR LOCATION TO ALL THOSE IN NEED.
ANIMAL WELFARE PROGRAM: THE FOUNDATION SERVED OVER 150 FAMILIES WITH PETS BY PROVIDING ESSENTIAL HEALTHCARE, FOOD, FENCED ENCLOSURES AND RESCUE SERVICES FOR ANIMALS IN NEED.
FOOD INSECURITY/PANTRY: EACH WEEK, HEARTS UNITED FOR GOOD SERVES OUR COMMUNITY THROUGH OUR FREE FOOD PANTRY PROGRAM. THIS IS A COVID-FRIENDLY, LOW-BARRIER DRIVE-THRU FORMAT THAT PROVIDES A FULL WEEK OF GROCERIES FOR 100+ FAMILIES WEEKLY THAT ARE PRIMARILY FROM AT-RISK COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bethany Mcdonald Executive Director | Trustee | 10 | $3,885 |
Warren J Davis III Board Chair | Officer | 10 | $3,620 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,063 |
| Related organizations | $0 |
| Government grants | $162,271 |
| All other contributions, gifts, grants, and similar amounts not included above | $164,456 |
| Noncash contributions included in lines 1a–1f | $24,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $340,790 |
| 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 | $340,790 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,893 |
| Office expenses | $4,616 |
| Information technology | $4,552 |
| Royalties | $0 |
| Occupancy | $24,365 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,291 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,817 |
| Insurance | $2,135 |
| All other expenses | $304,840 |
| Total functional expenses | $361,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,426 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,434 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,000 |
| Prepaid expenses and deferred charges | $1,844 |
| Net Land, buildings, and equipment | $10,935 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,639 |
| 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 | $19,463 |
| Net assets with donor restrictions | $10,176 |
| 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 | $29,639 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Hearts Beat As One Foundation Inc has recieved totaling $19,855.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $8,230 |
Auslander Family Foundation Inc Charlotte, NC PURPOSE: SUPPORTING ANIMAL WELFARE AND HOMELESSNESS | $6,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Container Royalties Supplemental Charleston, SC | $25,129,094 | $39,744,859 |
Operation Hope Inc Atlanta, GA | $42,513,861 | $45,427,739 |
Academy For Classical Education Inc Macon, GA | $50,470,204 | $22,703,116 |
Mvle Inc Springfield, VA | $9,312,046 | $13,677,162 |
Potomac Institute For Policy Studies Arlington, VA | $5,742,038 | $10,808,828 |
The Daily Planet Inc Richmond, VA | $12,184,739 | $13,097,113 |
National Association Of Landscape Professionals Inc Fairfax, VA | $7,212,406 | $10,869,487 |
Bill Of Rights Institute Arlington, VA | $5,390,472 | $9,362,557 |
Oe Enterprises Incorporated Hillsborough, NC | $3,102,909 | $7,461,058 |
Good Shepherd India Virginia Beach, VA | $1,558,138 | $7,285,527 |
Contemporary Science Center Research Triangle Park, NC | $12,289,489 | $6,780,617 |
St Vincents Home Roanoke, VA | $12,045,312 | $7,784,150 |