Greater Enrichment Program Inc
- Assets
- $2.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 69
- Location
- Charlotte, NC
- Founding
- 01/1978
- Data as of
- 06/2022
- EIN
- 56-1139792
Organization Overview
Greater Enrichment Program Inc is located in Charlotte, NC. The organization was established in 1978. As of 06/2022, Greater Enrichment Program Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Enrichment Program 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, Greater Enrichment Program Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 6.9% 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
PROVIDING QUALITY OUT-OF-SCHOOL EDUCATIONAL OPPORTUNITIES IN A SAFE ENVIRONMENT TO ATTAIN SUCCESS FOR ELIGIBLE YOUTH AND THEIR PARENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREATER ENRICHMENT PROGRAM: ONE PROGRAM OPERATING AT 5 SITES. AFTER-SCHOOL SERVICES FOR AT-RISK K-6TH GRADE STUDENTS. INCLUDES HOMEWORK HELP, FACILITATED PROGRAMS, FIELD TRIPS, TEACHER DIRECTED ACTIVITIES, AND TRANSPORTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bronica Glover Executive Dir. | Officer | 40 | $72,839 |
Ken Loeber Chairman | Officer | 0.5 | $0 |
David Lavoie Finance | Officer | 0.35 | $0 |
Dr Wilhelmenia Rembert Vice Chairman | Officer | 0.4 | $0 |
Lyndon Abrams Director | 0.25 | $0 | |
Kirsten Ashford Director | 0.35 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $217,074 |
| Related organizations | $0 |
| Government grants | $688,206 |
| All other contributions, gifts, grants, and similar amounts not included above | $292,466 |
| Noncash contributions included in lines 1a–1f | $15,298 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,197,746 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,199,447 |
| 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. | $78,386 |
| Compensation of current officers, directors, key employees. | $47,031 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $624,654 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,655 |
| Payroll taxes | $52,366 |
| 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 | $47,401 |
| Advertising and promotion | $6,382 |
| Office expenses | $46,405 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,619 |
| Travel | $30,141 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $115 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,712 |
| Insurance | $10,849 |
| All other expenses | $17,474 |
| Total functional expenses | $1,111,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,751 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $217,912 |
| Accounts receivable, net | $6,325 |
| 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 | $6,333 |
| Net Land, buildings, and equipment | $40,797 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,414,340 |
| Total assets | $2,803,458 |
| Accounts payable and accrued expenses | $30,285 |
| 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 | $18,611 |
| Other liabilities | $0 |
| Total liabilities | $48,896 |
| Net assets without donor restrictions | $248,414 |
| Net assets with donor restrictions | $2,506,148 |
| 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 | $2,803,458 |