Caramore Community Inc
- Assets
- $1.2m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 109
- Location
- Carrboro, NC
- Founding
- 12/1975
- Data as of
- 06/2022
- EIN
- 51-0145188
Organization Overview
Caramore Community Inc is located in Carrboro, NC. The organization was established in 1975. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2022, Caramore Community Inc employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caramore Community 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, Caramore Community Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $2.8m during the year ending 06/2022. While expenses have increased by 6.8% per year over the past 7 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
EMPOWERING ADULTS LIVING WITH SEVERE MENTAL ILLNESS IN NC WITH THE TOOLS TO LEAD MEANINGFUL AND INDEPENDENT LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARAMORE'S PERSON-CENTERED, RECOVERY-FOCUSED, COMMUNITY-INTEGRATED SERVICES CREATE A SAFE AND SUPPORTIVE ENVIRONMENT WHERE MEMBERS CAN BUILD SKILLS, GAIN EMPLOYMENT, AND BECOME SELF-SUFFICIENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyson Fearrington Chairperson | OfficerTrustee | 1 | $0 |
Cathy Vonfange Treasurer | OfficerTrustee | 1 | $0 |
Marcela Hernandez Board Member | Trustee | 1 | $0 |
Sharon Locklear Board Member | Trustee | 1 | $0 |
Lini Pandite Board Member | Trustee | 1 | $0 |
Sophie Chen Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $112,000 |
| Government grants | $1,832,980 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,644 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,956,624 |
| Total Program Service Revenue | $798,719 |
| Investment income | $8 |
| 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 | $2,770,485 |
| 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. | $145,273 |
| Compensation of current officers, directors, key employees. | $15,899 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,280,917 |
| Pension plan accruals and contributions | $21,978 |
| Other employee benefits | $112,662 |
| Payroll taxes | $105,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $63,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $109,081 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $461,374 |
| Travel | $17,218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,115 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,047 |
| Insurance | $100,136 |
| All other expenses | $26,860 |
| Total functional expenses | $2,806,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $671,509 |
| Savings and temporary cash investments | $75,172 |
| 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 | $406,054 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,679 |
| Total assets | $1,183,414 |
| Accounts payable and accrued expenses | $967 |
| 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 | $32,771 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $83,334 |
| Total liabilities | $117,072 |
| Net assets without donor restrictions | $1,066,342 |
| 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 | $1,183,414 |