Neighbor To Neighbor Ministries
- Assets
- $1.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 19
- Location
- Raleigh, NC
- Founding
- 02/1998
- Data as of
- 12/2023
- EIN
- 56-2016457
Organization Overview
Neighbor To Neighbor Ministries is located in Raleigh, NC. The organization was established in 1998. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Neighbor To Neighbor Ministries employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighbor To Neighbor Ministries 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, Neighbor To Neighbor Ministries generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 10.9% 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
BUILDING COMMUNITIES OF HOPE, JUSTICE AND COMPASSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AFTERSCHOOL PROGRAM AT OUR DOWNTOWN SITE SERVED 69 UNDUPLICATED STUDENTS IN 2023. THE LANGUAGE ARTS PROGRAM HAD 45 STUDENTS. MOST STUDENTS WERE PAIRED WITH TWO ADULT MENTORS (73 TOTAL). ON AVERAGE, OUR KIDS GREW 1.2 GRADE LEVELS AND MASTERED 24 SPECIFIC COMMON CORE OBJECTIVES IN ONE ACADEMIC YEAR, AN ADDITIONAL 19 STUDENTS WERE SERVED IN OUR HOMEWORK LAB, AND THE MATH PROGRAM HAD 38 STUDENTS AND 61 MENTORS. ON AVERAGE, THE STUDENTS GREW 1.3 GRADE LEVELS IN THE YEAR AND GAINED 24 OBJECTIVES. OUR LATINO OUTREACH SERVED 48 STUDENTS AFTER SCHOOL IN ACADEMIC MENTORING COMING TWICE A WEEK FOR ONE-HOUR SESSIONS WITH 69 MENTORS.
WE HELD VARIOUS COMMUNITY OUTREACH EVENTS INCLUDING SOCCER CAMP AND BASKETBALL EVENTS AND A FALL COMMUNITY FAIR. ADVOCACY IS ALSO AN ONGOING SERVICE WORKING IN THE COURT SYSTEM, SCHOOLS AND DMV.
OUR NEIGHBOR ENTERPRISES PROGRAMS SERVED 10 EMPLOYEES CLEANING, MOVING AND LAWN CARE - FOR A TOTAL OF 3 ENTERPRISE PROGRAMS PAYING LIVING WAGE WORK.
THREE COLLEGE STUDENTS RECEIVED SCHOLARSHIPS TO ASSIST WITH SCHOOL EXPENSES. A TOTAL OF 36 STUDENTS ATTENDED THREE YOUNG LIFE CAMPS THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Royce J Hathcock Executive Director | OfficerTrustee | 40 | $38,127 |
Karen Ryden Chair | OfficerTrustee | 2 | $0 |
Alpesh Patel Vice Chair | OfficerTrustee | 2 | $0 |
Ryan Applegate Treasurer | OfficerTrustee | 2 | $0 |
Amy Perry Secretary | OfficerTrustee | 2 | $0 |
Broderick Rogers Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $85,525 |
| Related organizations | $0 |
| Government grants | $16,057 |
| All other contributions, gifts, grants, and similar amounts not included above | $940,684 |
| Noncash contributions included in lines 1a–1f | $126,471 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,042,266 |
| Total Program Service Revenue | $422,634 |
| Investment income | $3,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $205,674 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,674,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,003 |
| Grants and other assistance to domestic individuals. | $1,936 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $44,594 |
| Compensation of current officers, directors, key employees. | $3,730 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $890,198 |
| Pension plan accruals and contributions | $15,430 |
| Other employee benefits | $67,236 |
| Payroll taxes | $60,776 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,759 |
| Fees for services: Accounting | $15,294 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,564 |
| Advertising and promotion | $10,163 |
| Office expenses | $18,316 |
| Information technology | $8,187 |
| Royalties | $0 |
| Occupancy | $37,516 |
| Travel | $37,482 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,252 |
| Insurance | $68,120 |
| All other expenses | $20,971 |
| Total functional expenses | $1,511,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $508,362 |
| Savings and temporary cash investments | $319,535 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,408 |
| 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 | $16,817 |
| Net Land, buildings, and equipment | $648,079 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,506,201 |
| Accounts payable and accrued expenses | $43,631 |
| 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 | $200,223 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $243,854 |
| Net assets without donor restrictions | $1,250,347 |
| Net assets with donor restrictions | $12,000 |
| 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 | $1,506,201 |