Helius Foundation
- Assets
- $21.8k
- Revenue
- $102.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Durham, NC
- Founding
- 11/2015
- Data as of
- 12/2021
- EIN
- 47-4482327
Organization Overview
Helius Foundation is located in Durham, NC. The organization was established in 2015. According to its NTEE Classification (J21) the organization is classified as: Vocational Counseling, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Helius Foundation 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, Helius Foundation generated $102.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $107.2k during the year ending 12/2021. While expenses have increased by 34.2% per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE TRAINING AND MENTORING FOR NECESSITY-DRIVEN ENTREPRENEURS SO THAT THEY CAN EARN AND PAY A FAIR LIVING WAGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAUNCHDURHAM COACHING AND TRAINING
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geraud Staton Executive Director | Officer | 40 | $40,000 |
Angella Fraser Board Member | Trustee | 0 | $0 |
Larry Long Jr Board Member | Trustee | 0 | $0 |
Ed Dudley Board Member | Trustee | 0 | $0 |
Reed Frankel Board Member | Trustee | 0 | $0 |
Julia Wuench Board Member | Trustee | 0 | $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 | $102,152 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,152 |
| 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 | $102,152 |
| 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 | $84,017 |
| 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 | $6,456 |
| Office expenses | $2,520 |
| Information technology | $6,179 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $8,003 |
| Total functional expenses | $107,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,796 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Total assets | $21,796 |
| 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 | $21,796 |
| 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 | $21,796 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Helius Foundation has recieved totaling $47,261.
| Awarding Organization | Amount |
|---|---|
United Way Of The Greater Triangle Inc Durham, NC PURPOSE: GENERAL SUPPORT | $31,861 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $15,000 |
Annie E Casey Foundation Baltimore, MD PURPOSE: CHARITABLE CONTRIBUTION THROUGH THE MATCHING GIFTS PROGRAM | $400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carenet Inc Winston Salem, NC | $2,113,794 | $2,648,506 |
Information Technology Senior Management Forum Inc Atlanta, GA | $3,574,254 | $2,844,185 |
National Institute For Metalworking Skills Inc Fairfax, VA | $1,397,764 | $1,942,044 |
Phoenix Employment Services Of Wilmington Inc Wilmington, NC | $1,322,817 | $1,242,849 |
Karuna Counseling Inc Decatur, GA | $63,871 | $401,192 |
Learn To Earn Inc Petersburg, VA | $79,888 | $411,262 |
International Critical Infrastructure Security Institute Forest, VA | $2,749 | $0 |
Womens Entrepreneurial Opportunity Project Inc Atlanta, GA | $48,532 | $0 |
Crossroads Career Services Inc Greenville, SC | $79,601 | $0 |
Macon Regional Crime Stoppers Inc Macon, GA | $79,964 | $83,953 |
The Homeowners Employment Corporation Conyers, GA | $26,621 | $0 |
Helius Foundation Durham, NC | $21,796 | $102,152 |