Nazareth Childrens Home
- Assets
- $13.0m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 112
- Location
- Rockwell, NC
- Founding
- 02/1961
- Data as of
- 09/2022
- EIN
- 56-0556754
Organization Overview
Nazareth Childrens Home is located in Rockwell, NC. The organization was established in 1961. 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 09/2022, Nazareth Childrens Home employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nazareth Childrens 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 09/2022, Nazareth Childrens Home generated $4.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $4.9m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. 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
TO PROVIDE THE HIGHEST QUALITY SERVICES WITH A COMMITMENT TO EXCELLENCE WHILE EMPOWERING YOUTH AND FAMILIES IN DEVELOPING SOLUTIONS THAT ENSURE SUCCESSFUL OUTCOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NAZARETH CHILDRENS HOME, INC. DBA NAZARETH CHILD & FAMILY CONNECTION (THE ORGANIZATION) WAS FOUNDED IN 1906 IN ROWAN COUNTY AS A GROUP HOME FOR SCHOOL AGED CHILDREN WHO WERE ORPHANS. THE MISSION OF THE ORGANIZATION IS TO PROVIDE THE HIGHEST QUALITY OF SERVICES WITH A COMMITMENT TO EXCELLENCE WHILE EMPOWERING YOUTH AND FAMILIES IN DEVELOPING SOLUTIONS THAT ENSURE SUCCESSFUL OUTCOMES. THE ORGANIZATION OPERATES RESIDENTIAL GROUP STYLE LIVING AND FOSTER CARE PROGRAMS, ALONG WITH MULTIPLE OUTPATIENT MENTAL HEALTH AND SUBSTANCE ABUSE CLINICS. REFERRALS ARE RECEIVED FROM LOCAL DEPARTMENTS OF SOCIAL SERVICES, JUVENILE SERVICES, FAMILIES, PRIMARY CARE PROVIDERS, LOCAL LME/MCO CARDINAL INNOVATIONS AND THE JUSTICE DEPARTMENT. THE ORGANIZATION RECEIVES REVENUE FOR SERVICES PERFORMED FROM GOVERNMENTAL AGENCIES AND PRIVATE INSURANCE, IN ADDITION TO RECEIVING PUBLIC AND PRIVATE CONTRIBUTIONS.
THE ORGANIZATION ALSO OPERATES A THRIFT SHOP IN SALISBURY, NC WHERE DONATED ITEMS ARE SOLD TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vernon Walters President | Officer | 40 | $160,142 |
Chris Lookabill Dir Of Finance | Officer | 40 | $94,647 |
Sue Misenheimer Secretary | OfficerTrustee | 0.5 | $0 |
Wa Cline Vice Chairman | OfficerTrustee | 0.5 | $0 |
Denise Durham Asst Treasurer | OfficerTrustee | 0.5 | $0 |
Mike Turlington Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $113,748 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $756,443 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $870,191 |
| Total Program Service Revenue | $2,248,222 |
| Investment income | $227,850 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,808 |
| Net Gain/Loss on Asset Sales | $245,548 |
| Net Income from Fundraising Events | -$35,962 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,062,875 |
| 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. | $290,699 |
| Compensation of current officers, directors, key employees. | $290,699 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,528,837 |
| Pension plan accruals and contributions | $75,857 |
| Other employee benefits | $288,471 |
| Payroll taxes | $199,077 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,243 |
| Fees for services: Accounting | $14,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $99,093 |
| Fees for services: Other | $16,601 |
| Advertising and promotion | $48,897 |
| Office expenses | $83,206 |
| Information technology | $112,885 |
| Royalties | $0 |
| Occupancy | $277,381 |
| Travel | $52,237 |
| 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 | $256,190 |
| Insurance | $191,432 |
| All other expenses | $124,124 |
| Total functional expenses | $4,882,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,650 |
| Savings and temporary cash investments | $50,375 |
| Pledges and grants receivable | $205,500 |
| Accounts receivable, net | $523,304 |
| 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 | $53,764 |
| Net Land, buildings, and equipment | $4,258,261 |
| Investments—publicly traded securities | $7,924,657 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $13,018,512 |
| Accounts payable and accrued expenses | $310,373 |
| 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 | $98,725 |
| Other liabilities | $0 |
| Total liabilities | $409,098 |
| Net assets without donor restrictions | $10,074,903 |
| Net assets with donor restrictions | $2,534,511 |
| 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 | $13,018,512 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Nazareth Childrens Home has recieved totaling $242,723.
| Awarding Organization | Amount |
|---|---|
Rowan County United Way Inc Salisbury, NC PURPOSE: OPERATIONS | $180,000 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $20,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $14,600 |
Vance Memorial Fund Cincinnati, OH PURPOSE: General Operating Support | $10,393 |
Margaret C Woodson Foundation Incorporated Charlotte, NC PURPOSE: SUBSTANCE USE/MENTAL HEALTH TREATMENT IN ROWAN COUNTY | $10,000 |
The@hubert A Ritchie Foundation Greensboro, NC PURPOSE: BACK TO SCHOOL AND CHRISTMAS | $6,000 |
Endowment Analysis
| Beg. Balance | $2,402,458 |
| Earnings | -$20,187 |
| Admin Expense | $18,594 |
| Other Expense | $24,166 |
| Ending Balance | $2,339,511 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Josephs Villa Richmond, VA | $27,428,777 | $22,658,558 |
Methodist Home Of The South Georgia Conference Macon, GA | $89,864,705 | $15,345,921 |
Developmental Services Of Dickson County Dickson, TN | $11,323,972 | $14,070,114 |
Our Lady Of Hope Health Center Inc Roanoke, VA | $20,100,998 | $16,173,779 |
Boys And Girls Home Of North Carolina Inc Lake Waccamaw, NC | $27,444,905 | $18,368,279 |
Elk Hill Farm Inc Goochland, VA | $8,024,424 | $11,816,534 |
Presbyterian Homes & Family Services Inc Lynchburg, VA | $44,827,588 | $11,019,660 |
Epworth Childrens Home Columbia, SC | $51,499,184 | $11,292,801 |
Insight Incentive For Normal Social Interaction-Group Home Today Inc Woodbridge, VA | $13,170,657 | $11,222,553 |
Ralph Scott Lifeservices Inc Burlington, NC | $9,602,091 | $12,832,538 |
United Methodist Childrens Home Of North Georgia Conference Inc Tucker, GA | $95,066,769 | $13,566,951 |
The Goshen Valley Foundation Inc Waleska, GA | $8,327,784 | $9,488,443 |