Sipes Orchard Home
- Assets
- $8.6m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 56
- Location
- Conover, NC
- Founding
- 12/1946
- Data as of
- 06/2022
- EIN
- 56-0547524
Organization Overview
Sipes Orchard Home is located in Conover, NC. The organization was established in 1946. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2022, Sipes Orchard Home employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sipes Orchard Home 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, Sipes Orchard Home generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 8.6% 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
SIPES ORCHARD HOME, INC'S MISSION IS TO PROVIDE A SAFE AND CARING PLACE FOR CHILDREN BY PROVIDING: BEFORE AND AFTER SCHOOL PROGRAMS, PRESCHOOL PROGRAM, PRE-K DAYCARE,SUMMER CAMP AND TRANSITIONAL LIVING FOR AT-RISK AND THE DISADVANTAGED YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A NC PRE-KINDERGARTEN DAYCARE PROGRAM FOR ECONOMICALLY CHALLENGED FAMILIES.
TO PROVIDE TRANSITIONAL LIVING FOR HOMELESS YOUNG ADULTS.
TO PROVIDE A SUMMER CAMP
EDUCATIONAL SCHOLARSHIPS, DIETARY, MAINTENANCE & AGRICULTURAL ENTERPRISES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Brown President | Officer | 40 | $106,165 |
Delane Bowman COO | Officer | 40 | $74,295 |
Dave Roever Vice Chair | OfficerTrustee | 0 | $0 |
Janet Mckee Secretary | OfficerTrustee | 0 | $0 |
Danielle Tumblin Treasurer | OfficerTrustee | 0 | $0 |
Kyle Canerday Board Chair | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $22,615 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,660,026 |
| Noncash contributions included in lines 1a–1f | $1,227,970 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,682,641 |
| Total Program Service Revenue | $1,189,134 |
| Investment income | $58,328 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,917 |
| Net Gain/Loss on Asset Sales | $115,785 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,298,405 |
| 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. | $180,460 |
| Compensation of current officers, directors, key employees. | $180,460 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,018,854 |
| Pension plan accruals and contributions | $13,863 |
| Other employee benefits | $10,835 |
| Payroll taxes | $99,393 |
| Fees for services: Management | $56 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,735 |
| Advertising and promotion | $3,034 |
| Office expenses | $30,043 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,659 |
| Travel | $2,431 |
| 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 | $149,006 |
| Insurance | $59,873 |
| All other expenses | $90,396 |
| Total functional expenses | $1,976,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $221,156 |
| Pledges and grants receivable | $29,000 |
| Accounts receivable, net | $123,756 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,691 |
| Prepaid expenses and deferred charges | $32,447 |
| Net Land, buildings, and equipment | $3,834,484 |
| Investments—publicly traded securities | $2,359,672 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,011,201 |
| Total assets | $8,613,907 |
| Accounts payable and accrued expenses | $51,345 |
| 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 | $51,345 |
| Net assets without donor restrictions | $5,740,072 |
| Net assets with donor restrictions | $2,822,490 |
| 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 | $8,613,907 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Sipes Orchard Home has recieved totaling $407,688.
| Awarding Organization | Amount |
|---|---|
Catawba County Partnership For Children Hickory, NC PURPOSE: NC PRE-K CLASSROOM | $266,487 |
V Sipe Trust Uw Fbo Sipes Orchard Home Las Vegas, NV PURPOSE: GENERAL OPERATING | $36,440 |
V O & Viola Sipe Irrv Tr Las Vegas, NV PURPOSE: GENERAL OPERATING | $25,600 |
Yount Foundation Inc Hickory, NC PURPOSE: COMMUNITY SUPPORT | $25,000 |
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: EDUCATION | $18,130 |
Catawba County United Way Inc Hickory, NC PURPOSE: HOUSTON TRANSITIONAL HOUSING PROGRAM | $15,150 |
Endowment Analysis
| Beg. Balance | $3,075,655 |
| Earnings | -$139,914 |
| Other Expense | $438,000 |
| Ending Balance | $2,497,741 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inreach Charlotte, NC | $7,913,848 | $23,092,110 |
Childrens Hope Alliance Barium Springs, NC | $38,599,237 | $18,471,668 |
Holston United Methodist Home For Children Inc Greeneville, TN | $27,641,839 | $16,110,226 |
Mur-Ci Homes Inc Antioch, TN | $9,901,370 | $14,568,313 |
Thornwell Clinton, SC | $68,857,237 | $15,147,057 |
Connie Maxwell Childrens Home Greenwood, SC | $133,286,632 | $13,776,005 |
Progress Inc Nashville, TN | $6,116,091 | $11,389,774 |
Comserv Inc Lenoir, NC | $7,960,502 | $13,511,547 |
United Cerebral Palsy Of South Carolina Inc Atlanta, GA | $9,682,843 | $13,275,605 |
Jackson Feild Homes Incorporated Jarratt, VA | $3,320,402 | $10,783,518 |
Umar Services Inc Charlotte, NC | $7,962,133 | $8,938,499 |
Horizons Residential Care Center Inc Rural Hall, NC | $8,329,986 | $8,523,055 |