Black Mountain Home For Children Youth & Families Inc
- Assets
- $27.8m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 82
- Location
- Black Mountain, NC
- Founding
- 03/1961
- Data as of
- 06/2023
- EIN
- 56-0538018
Organization Overview
Black Mountain Home For Children Youth & Families Inc is located in Black Mountain, NC. The organization was established in 1961. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 06/2023, Black Mountain Home For Children Youth & Families Inc employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Mountain Home For Children Youth & Families 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, Black Mountain Home For Children Youth & Families Inc generated $8.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $6.2m during the year ending 06/2023. While expenses have increased by 7.4% 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
TO GLORIFY GOD BY CARING FOR CHILDREN AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLACK MOUNTAIN HOME FOR CHILDREN, YOUTH & FAMILIES HAS BEEN CARING FOR ABANDONED, ABUSED, NEGLECTED, AND ORPHANED CHILDREN IN WESTERN NORTH CAROLINA FOR MORE THAN A CENTURY. BEGUN BY PRESBYTERIAN MINISTER ROBERT PERRY SMITH IN 1904 AS MOUNTAIN ORPHANAGE, THE HOME BEGAN ITS MINISTRY TAKING IN APPALACHIAN CHILDREN WHOSE PARENTS HAD DIED OR DISAPPEARED. TODAY, THE MINISTRY SERVES YOUTH FROM BIRTH THROUGH COLLEGE GRADUATION THROUGH FAMILY FOSTER CARE, RESIDENTIAL CARE, TRANSITIONAL LIVING, AND INDEPENDENT LIVING.
1. WE CONSIDER OUR CHILDREN TO BE AT-PROMISE RATHER THAN AT-RISK. 2. WE TREAT THE CHILDREN ENTRUSTED TO US THE SAME WAY WE'D WANT OUR OWN CHILDREN OR GRANDCHILDREN TO BE TREATED. 3. WE AIM TO BE A MODEL MINISTRY-WE WANT OTHER AGENCIES TO LOOK TO US FOR EXAMPLES OF BEST PRACTICES IN THE INDUSTRY.
FOR THE 2022-2023 YEAR, BLACK MOUNTAIN HOME FOR CHILDREN SERVED A TOTAL OF 138 NON-DUPLICATED YOUTH (142 TOTAL PLACEMENTS) ---CAMPUS HOUSES AND ELLER = 41 ---WHITEWATER COVE = 05 ---INDEPENDENT LIVING = 22 ---FOSTER CARE = 63 ---LIFELONG LIVING = 01 ---HIGHER EDUCATION SUPPORT = 06 WE SERVED 4 CHILDREN IN BOTH THE FOSTER CARE AND RESIDENTIAL PROGRAM. TOTALS ABOVE REFLECT DATA FOR THEIR INITIAL PLACEMENT ONLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Harmon Jr President | OfficerTrustee | 40 | $110,132 |
Thomas Campbell Prior President | 40 | $130,465 | |
Virginia Bradford Chair | OfficerTrustee | 2 | $0 |
Mr Brad Goodson Vice-Chair | OfficerTrustee | 2 | $0 |
Mr Grady Kennington Assistant Secretary/ Treasurer | OfficerTrustee | 2 | $0 |
Dr Bruce Henderson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $138,202 |
| Related organizations | $0 |
| Government grants | $2,715,790 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,417,179 |
| Noncash contributions included in lines 1a–1f | $783,736 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,271,171 |
| Total Program Service Revenue | $0 |
| Investment income | $353,558 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,100 |
| Net Gain/Loss on Asset Sales | $226,935 |
| Net Income from Fundraising Events | -$15,758 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $712,317 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,560,323 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,666 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $188,296 |
| Compensation of current officers, directors, key employees. | $44,547 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,190,396 |
| Pension plan accruals and contributions | $162,818 |
| Other employee benefits | $660,902 |
| Payroll taxes | $181,636 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,646 |
| Fees for services: Accounting | $19,595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,393 |
| Fees for services: Other | $214,609 |
| Advertising and promotion | $96,701 |
| Office expenses | $264,246 |
| Information technology | $45,853 |
| Royalties | $0 |
| Occupancy | $449,785 |
| Travel | $138,873 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,063 |
| Interest | $5,190 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $542,187 |
| Insurance | $95,237 |
| All other expenses | $259,702 |
| Total functional expenses | $6,208,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $674,106 |
| Savings and temporary cash investments | $5,490,453 |
| Pledges and grants receivable | $374,702 |
| Accounts receivable, net | $49,405 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $103,329 |
| Prepaid expenses and deferred charges | $103,555 |
| Net Land, buildings, and equipment | $8,226,369 |
| Investments—publicly traded securities | $12,612,280 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $128,143 |
| Total assets | $27,762,342 |
| Accounts payable and accrued expenses | $284,660 |
| 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 | $139,989 |
| Total liabilities | $424,649 |
| Net assets without donor restrictions | $22,358,343 |
| Net assets with donor restrictions | $4,979,350 |
| 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 | $27,762,342 |