Forcharlotte Inc
- Assets
- $537.6k
- Revenue
- $607.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Charlotte, NC
- Founding
- 12/2015
- Data as of
- 12/2021
- EIN
- 47-4463729
Organization Overview
Forcharlotte Inc is located in Charlotte, NC. The organization was established in 2015. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Forcharlotte Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forcharlotte 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, Forcharlotte Inc generated $607.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $438.8k 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
TO UNITE THE CHURCH TO TRANSFORM THE CITY THROUGH THE POWER OF THE GOSPEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCREASED PASTORAL NETWORKS TO APPROXIMATELY 271 NETWORK GROUPS MEETING THROUGHOUT THE CITY ON A MONTHLY BASIS REPRESENTING APPROXIMATELY 270 CHURCHES AND AFFINITY NON-PROFITS.GATHERINGS IN 2021 INCLUDED; REGIONAL PRAYER NETWORKS; WE SERVE - CITY WIDE SERVICE DAY; DIGITAL NETWORK FOR PASTORS; A NIGHT WITH BOB GOFF; PASTORAL LEARNING COHORT;RECEIVED GOVERNORS MEDALLION FOR VOLUNTEER SERVICE IN NC.SPOTLIGHTED BY MOVEMENT.ORG AND CITY & MISIONAL SPACE CONFERENCES AS A LEADING EXAMPLE OF CITY TRANSFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert D Kelly CEO | Officer | 40 | $0 |
J K Cobb Sr VP & CFO | Officer | 10 | $0 |
Todd Tibbits Board Member | Trustee | 2 | $0 |
Ivan Hinrichs Board Member | Trustee | 2 | $0 |
Rj Davis Board Member | Trustee | 2 | $0 |
Claude Alexander Board Member | Trustee | 2 | $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 | $607,442 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $607,442 |
| Total Program Service Revenue | $0 |
| Investment income | $200 |
| 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 | $607,642 |
| 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 | $255,410 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,305 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,276 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,255 |
| Advertising and promotion | $0 |
| Office expenses | $55,887 |
| 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 | $9,159 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,362 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $438,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $524,424 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,000 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,200 |
| Total assets | $537,624 |
| 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 | $41,860 |
| Other liabilities | $0 |
| Total liabilities | $41,860 |
| Net assets without donor restrictions | $495,764 |
| Net assets with donor restrictions | $0 |
| 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 | $537,624 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Forcharlotte Inc has recieved totaling $205,050.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $61,000 |
The New York City Leadership Center Inc New York, NY PURPOSE: PROGRAMS | $50,000 |
The New York City Leadership Center Inc New York, NY PURPOSE: PROGRAMS | $50,000 |
United Way Of Greater Charlotte Charlotte, NC PURPOSE: GENERAL SUPPORT | $25,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $19,050 |
Peer Organizations
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|---|---|---|
The Rethink Group Inc Cumming, GA | $5,968,451 | $26,130,363 |
Chesterfield Food Bank Chester, VA | $4,733,303 | $12,678,774 |
Vision Baptist Missions Inc Alpharetta, GA | $4,755,365 | $10,893,530 |
Cbmc Inc Chattanooga, TN | $8,634,915 | $10,793,711 |
World Outreach Ministries Inc Kennesaw, GA | $2,301,447 | $10,553,778 |
Lutheran Home - Forsyth County Inc Salisbury, NC | $3,585,984 | $11,789,990 |
Timothy Initiative Inc Raleigh, NC | $25,869,697 | $20,418,173 |
City Of Refuge Inc Atlanta, GA | $18,578,795 | $9,135,404 |
Living On The Edge With Chip Ingram Duluth, GA | $7,733,886 | $10,860,458 |
Teen Challenge Job Training Inc Columbus, GA | $2,036,662 | $7,928,506 |
Mercy Multiplied America Inc Nashville, TN | $15,008,837 | $12,307,052 |
Outreach Foundation Of The Presbyterian Church Inc Franklin, TN | $10,682,704 | $9,066,746 |