Action Greensboro
- Assets
- $7.1m
- Revenue
- $1.3m
- Investments
- $30.3k
- Employees
- 7
- Location
- Greensboro, NC
- Founding
- 03/2002
- Data as of
- 12/2022
- EIN
- 56-2251250
Organization Overview
Action Greensboro is located in Greensboro, NC. The organization was established in 2002. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Action Greensboro employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Action Greensboro 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, Action Greensboro generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $807.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (23.8%) 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 IMPROVE URBAN LIVABILITY, CIVIC ENGAGEMENT, K-12 EDUCATIONAL ADVANCEMENT, AND INITIATIVES TO ATTRACT AND RETAIN YOUNG PROFESSIONALS, IN ORDER TO ENHANCE THE CITY'S ECONOMY AND QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTER CITY - ESTABLISHED DUE TO CONCERNS THAT THE HEART OF DOWNTOWN WAS DETERIORATING LEADING TO A LACK OF COMMUNITY PRIDE AND PROVIDING ONE OR MORE DETERRENTS TO INVESTMENTS IN THE COMMUNITY.
CAMPUS GREENSBORO FELLOWS PROGRAM - OFFERS HIGH-QUALITY, PAID INTERNSHIP OPPORTUNITIES FROM A POOL OF DIVERSE LOCAL CORPORATIONS AND ORGANIZATIONS TO MATCH EMERGING STUDENTS IN PARALLEL FIELDS TO MEET LOCAL INDUSTRY INTERNSHIP NEEDS.MADE IN GREENSBORO - CREATED TO MARKET AND PROMOTE GREENSBORO WITH A MARKETING CAMPAIGN AND SOCIAL MEDIA TO TELL STORIES ABOUT OUR MAKERS, I.E. INNOVATIVE THINKERS AND DOERS.
BUSINESS & INDUSTRY - OFFERS MULTIPLE PROJECTS INCLUDING THE SCHOOL BOND CAMPAIGN WHICH HELPED EDUCATE THE PUBLIC ON THE SCHOOL BONDS, AND THE FINANCIAL CAPACITY STUDY WHICH IS A COMPREHENSIVE ANALYSIS OF THE FINANCIAL STATUS AND CAPACITY OF THE CITY OF GREENSBORO AND GUILFORD COUNTY.
YOUNG PROFESSIONALS - SEEKS TO CONNECT AND DEVELOP THE NEXT GENERATION OF LEADERS IN GREENSBORO. PROMOTES SOCIAL AND PROFESSIONAL NETWORKING, LEADERSHIP OPPORTUNITIES, AND SERVES AS A CLEARINGHOUSE FOR INFORMATION FOR YOUNG ADULTS. DESIGNED TO ATTRACT, ENGAGE, AND CONNECT YOUNG ADULTS TO GREENSBORO. RECRUITS YOUNG TALENT BACK TO GREENSBORO THROUGH THE BOOMERANG GREENSBORO PROGRAM TO FUEL THE LOCAL WORKFORCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anita Bachmann Chair | OfficerTrustee | 2 | $0 |
Sherri Thomas Secretary/treasurer | OfficerTrustee | 2 | $0 |
Cantey Alexander Director | Trustee | 2 | $0 |
Scott Baxter Director | Trustee | 2 | $0 |
Ivan Canada Director | Trustee | 2 | $0 |
Kelli Frazier Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $36,750 |
| Government grants | $20,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,200,407 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,257,157 |
| Total Program Service Revenue | $1,651 |
| Investment income | $18,458 |
| 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 | $1,280,541 |
| 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. | $152,248 |
| Compensation of current officers, directors, key employees. | $24,903 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,206 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,457 |
| Payroll taxes | $25,648 |
| Fees for services: Management | $58,500 |
| Fees for services: Legal | $64 |
| Fees for services: Accounting | $15,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,000 |
| Advertising and promotion | $0 |
| Office expenses | $19,715 |
| Information technology | $8,198 |
| Royalties | $0 |
| Occupancy | $40,752 |
| Travel | $623 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,993 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $532 |
| All other expenses | $2,792 |
| Total functional expenses | $807,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,103 |
| Savings and temporary cash investments | $2,777,569 |
| Pledges and grants receivable | $253,628 |
| Accounts receivable, net | $185,463 |
| 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 | $5,475 |
| Net Land, buildings, and equipment | $3,563,409 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $30,264 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $79,397 |
| Total assets | $7,054,308 |
| Accounts payable and accrued expenses | $13,411 |
| 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 | $0 |
| Other liabilities | $79,397 |
| Total liabilities | $92,808 |
| Net assets without donor restrictions | $3,763,477 |
| Net assets with donor restrictions | $3,198,023 |
| 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 | $7,054,308 |