Tck Providence Inc
- Assets
- $2.0m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 69
- Location
- Winston Salem, NC
- Founding
- 04/2015
- Data as of
- 06/2022
- EIN
- 46-5315289
Organization Overview
Tck Providence Inc is located in Winston Salem, NC. The organization was established in 2015. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2022, Tck Providence Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tck Providence 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 06/2022, Tck Providence Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $5.1m during the year ending 06/2022. While expenses have increased by 12.1% per year over the past 6 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
TO PROVIDE CULINARY EDUCATION AND TRAINING FOR UNEMPLOYED AND UNDEREMPLOYED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES CULINARY TRAINING, HUNGER RELIEF, AND SOCIAL ENTERPRISE OPPORTUNITIES THROUGH RESTAURANT AND CATERING OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric A Aft Chairman | OfficerTrustee | 1.5 | $0 |
Sammy Gianopoulos Secretary | OfficerTrustee | 1.5 | $0 |
Josh Crane Treasurer | OfficerTrustee | 1.5 | $0 |
Jeff Bacon Executive Di | Officer | 1.5 | $0 |
Josh Fuller Finance VP | Officer | 1.5 | $0 |
Anthony Bonner Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $855,140 |
| All other contributions, gifts, grants, and similar amounts not included above | $409,271 |
| Noncash contributions included in lines 1a–1f | $93,450 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,264,411 |
| Total Program Service Revenue | $2,329,724 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,320 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,578,834 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $93,450 |
| 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 | $1,887,131 |
| Pension plan accruals and contributions | $20,254 |
| Other employee benefits | $231,685 |
| Payroll taxes | $144,191 |
| 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 | $457,466 |
| Advertising and promotion | $16,883 |
| Office expenses | $221,288 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $176,314 |
| Travel | $30,024 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,257 |
| Insurance | $26,654 |
| All other expenses | $32,243 |
| Total functional expenses | $5,062,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,100 |
| Savings and temporary cash investments | $1,311,149 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $467,731 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,195 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $152,595 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,490 |
| Total assets | $1,983,260 |
| Accounts payable and accrued expenses | $367,968 |
| Grants payable | $0 |
| Deferred revenue | $44,947 |
| 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 | $412,915 |
| Net assets without donor restrictions | $1,301,345 |
| Net assets with donor restrictions | $269,000 |
| 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 | $1,983,260 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tck Providence Inc has recieved totaling $64,420.
| Awarding Organization | Amount |
|---|---|
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 2 GRANT(S) FOR VARYING PURPOSES | $56,920 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cobbworks Inc Marietta, GA | $1,042,645 | $6,034,938 |
Chesterfield-Marlboro Counties Economic Opportunity Council Inc Cheraw, SC | $3,830,483 | $6,633,617 |
Tck Providence Inc Winston Salem, NC | $1,983,260 | $3,578,834 |
Labfour Career Training Institute Memphis, TN | $0 | $5,875,670 |
Atlanta Electrical Joint Apprenticeship & Training Committe Norcross, GA | $3,550,323 | $3,191,649 |
Eastern Carolina Workforce Development Board Inc New Bern, NC | $405,780 | $3,368,126 |
Southeastern Carpenters Training Trust Martinez, GA | $13,939,872 | $4,338,311 |
Mechanical Trades Institute Joint Apprenticeship And Training Trust Atlanta, GA | $7,970,880 | $3,241,037 |
Middle Georgia Consortium Inc Warner Robins, GA | $769,176 | $2,483,100 |
Jobs For Virginia Graduates Inc Rockville, VA | $474,221 | $2,547,841 |
Our Lady Of Mercy Community Outreach Services Johns Island, SC | $11,741,992 | $3,878,149 |
Virginia Independence Training Organization Norfolk, VA | $383,572 | $1,542,393 |