Shore Up Inc
- Assets
- $13.8m
- Revenue
- $28.4m
- Investments
- $0.0
- Employees
- 331
- Location
- Salisbury, MD
- Founding
- 01/1971
- Data as of
- 06/2023
- EIN
- 52-0886996
Organization Overview
Shore Up Inc is located in Salisbury, MD. The organization was established in 1971. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 06/2023, Shore Up Inc employed 331 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shore Up 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 06/2023, Shore Up Inc generated $28.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $28.6m during the year ending 06/2023. While expenses have increased by 5.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SERVICES AND SOLUTIONS TO THE PROBLEMS OF LOW INCOME PEOPLE ON THE EASTERN SHORE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN AND FAMILY SERVICES: PROVIDE VARIOUS PROGRAMS TO PROVIDE DEVELOPMENT FOR DISADVANTAGED PRE-SCHOOL CHILDREN AND FAMILY SUPPORT.
TRAINING AND EMPLOYMENT SERVICES: PROVIDES SERVICES TO AIDE EMPLOYABLE PERSONS IN MOVING TOWARD SELF-SUFFICIENCY, BUILDING SELF CONFIDENCE, FINDING GAINFUL EMPLOYMENT AND PROVIDING SERVICES THAT MAY LEAD TO GAINFUL EMPLOYMENT.
HEALTH CARE AND SENIOR CITIZEN SERVICES: PROVIDE VARIOUS PROGRAMS TO PROVIDE SUPPORT FOR INDIVIDUALS WITH MEDICAL AND/OR SPECIAL NEEDS.
HOUSING AND COMMUNITY DEVELOPMENT: VARIOUS PROGRAMS INCLUDING ENERGY ASSISTANCE AND WEATHERIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Purnell Director | Trustee | 1 | $0 |
Craig Mathies Chairperson | OfficerTrustee | 1 | $0 |
Troy Brittingham Jr Treasurer | OfficerTrustee | 1 | $0 |
Clayton Anderson Director | Trustee | 1 | $0 |
Marshall Corbin Director | Trustee | 1 | $0 |
Jeff Merritt Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eddie Riddick Dba East Coast Heating & Weatherization Services | 6/29/23 | $752,770 |
Total Home Performance Weatherization Services | 6/29/23 | $213,893 |
Free Lighting Corporation Weatherization Services | 6/29/23 | $265,285 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,878,427 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,064 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,880,491 |
| Total Program Service Revenue | $3,525,494 |
| Investment income | $39,168 |
| 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 | $28,445,153 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,063,894 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $160,992 |
| Compensation of current officers, directors, key employees. | $160,992 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,226,365 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,804,195 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $790,668 |
| Travel | $54,239 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,493 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $802,301 |
| Insurance | $159,814 |
| All other expenses | $1,653,973 |
| Total functional expenses | $28,556,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,585,894 |
| Savings and temporary cash investments | $317,120 |
| Pledges and grants receivable | $2,321,218 |
| 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 | $5,595,141 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,332 |
| Total assets | $13,837,705 |
| Accounts payable and accrued expenses | $2,167,910 |
| Grants payable | $0 |
| Deferred revenue | $233,805 |
| 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 | $1,496,031 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,897,746 |
| Net assets without donor restrictions | $9,939,959 |
| 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 | $13,837,705 |