Exodus Outreach Foundation Inc
- Assets
- $1.8m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 13
- Location
- Hickory, NC
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 56-2109492
Organization Overview
Exodus Outreach Foundation Inc is located in Hickory, NC. The organization was established in 1999. According to its NTEE Classification (F60) the organization is classified as: Counseling, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2022, Exodus Outreach Foundation Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Exodus Outreach Foundation 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 12/2022, Exodus Outreach Foundation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 11.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SUPPORTIVE HOUSING PROGRAM FOR INDIVIDUALS RECOVERING FROM ALCOHOL AND DRUG ADDICTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FISCAL YEAR 2022, WE SERVED 163 INDIVIDUALS WHO WERE PROVIDED ONE OR MORE SERVICES INCLUDING: HOUSING, ASSISTANCE IN FINDING EMPLOYMENT, LINKED WITH RECOVERY ACTIVITIES, REFERRED TO OTHER NECESSARY SERVICES, AND TRANSPORTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Cline Director | Trustee | 1 | $0 |
Felicia Culbreath-Setzer Director | Trustee | 1 | $0 |
Rev Bill Garrard Director | Trustee | 1 | $0 |
Larry Laufer Director | Trustee | 1 | $0 |
Sgt Marcus Chapman Director | Trustee | 1 | $0 |
Oliver Noble Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $52,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $240,918 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $393,668 |
| Total Program Service Revenue | $1,021,596 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,590 |
| Net Gain/Loss on Asset Sales | $3,903 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $82,108 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,504,865 |
| 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. | $113,571 |
| Compensation of current officers, directors, key employees. | $113,571 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $458,408 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,667 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,087 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $225 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,293 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,050 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,249 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,801 |
| Insurance | $44,392 |
| All other expenses | $203,372 |
| Total functional expenses | $1,497,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $223,664 |
| Savings and temporary cash investments | $160,310 |
| Pledges and grants receivable | $19,919 |
| Accounts receivable, net | $78,956 |
| 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 | $8,457 |
| Net Land, buildings, and equipment | $1,344,179 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,835,485 |
| Accounts payable and accrued expenses | $9,538 |
| 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 | $788,952 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $798,490 |
| Net assets without donor restrictions | $1,002,380 |
| Net assets with donor restrictions | $34,615 |
| 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 | $1,835,485 |