Western Carolina Rescue Ministries Inc
- Assets
- $6.0m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 50
- Location
- Asheville, NC
- Founding
- 07/1980
- Data as of
- 12/2023
- EIN
- 56-1249407
Organization Overview
Western Carolina Rescue Ministries Inc is located in Asheville, NC. The organization was established in 1980. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Western Carolina Rescue Ministries Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Carolina Rescue Ministries 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 12/2023, Western Carolina Rescue Ministries Inc generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. 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 FOOD, SHELTER, REHABILITATION AND CHRISTIAN MINISTRY TO THE POOR AND HOMELESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FOOD, SHELTER, REHABILITATION AND CHRISTIAN MINISTRY TO THE POOR AND HOMELESS IN ASHEVILLE NC.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Gabler Secretary | OfficerTrustee | 1 | $0 |
Brad Galbraith Member | Trustee | 1 | $0 |
Brian Gompers Treasurer | OfficerTrustee | $0 | |
Charles Kimmel Member | Trustee | 1 | $0 |
Barry Lawson Vice Chairma | OfficerTrustee | 1 | $0 |
E J Mathis Ex- Officio | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $524,803 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,065,788 |
| Noncash contributions included in lines 1a–1f | $448,002 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,590,591 |
| Total Program Service Revenue | $151,603 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $38,752 |
| Net Gain/Loss on Asset Sales | -$943 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,812,675 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,221,808 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $171,906 |
| Payroll taxes | $86,192 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $275 |
| Fees for services: Accounting | $7,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $164,838 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $31,132 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $102,293 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,439 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $214,006 |
| Insurance | $68,308 |
| All other expenses | $137,753 |
| Total functional expenses | $3,081,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,550 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,457 |
| 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 | $9,642 |
| Net Land, buildings, and equipment | $4,975,018 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $686,874 |
| Total assets | $6,045,541 |
| Accounts payable and accrued expenses | $72,189 |
| 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 | $845,696 |
| Unsecured mortgages and notes payable | $200,000 |
| Other liabilities | $0 |
| Total liabilities | $1,117,885 |
| Net assets without donor restrictions | $4,926,051 |
| Net assets with donor restrictions | $1,605 |
| 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 | $6,045,541 |