Family Promise Of Knoxville
- Assets
- $924.5k
- Revenue
- $531.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Knoxville, TN
- Founding
- 11/2004
- Data as of
- 12/2022
- EIN
- 56-2434770
Organization Overview
Family Promise Of Knoxville is located in Knoxville, TN. The organization was established in 2004. 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 12/2022, Family Promise Of Knoxville employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Promise Of Knoxville 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, Family Promise Of Knoxville generated $531.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $567.2k during the year ending 12/2022. While expenses have increased by 8.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ASSISTANCE TO HOMELESS AND LOW-INCOME FAMILIES IN ORDER TO ACHIEVE SUSTAINABLE INDEPENDENCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT AND ASSISTANCE WITH LIFE SKILLS SHELTER FOOD CLOTHING AND MEALS TO HOMELESS FAMILIES WITH CHILDREN REFERRED TO THE ORGANIZATION BY SOCIAL SERVICE AGENCIES AND OTHER NON-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janie Wallace President | Trustee | 3 | $0 |
Richard Emison Vice Chair | Trustee | 3 | $0 |
Lisa Thompson Secretary | Trustee | 3 | $0 |
Andrea Stewart Treasurer | Trustee | 3 | $0 |
James Lovingood Past Board Chair | Trustee | 3 | $0 |
Suzan Bowman Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $62,025 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $447,577 |
| Noncash contributions included in lines 1a–1f | $176,416 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $509,602 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,810 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $531,416 |
| 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 | $157,373 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,339 |
| Payroll taxes | $12,200 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,510 |
| Advertising and promotion | $177 |
| Office expenses | $13,382 |
| Information technology | $3,732 |
| Royalties | $0 |
| Occupancy | $31,296 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $3,000 |
| Depreciation, depletion, and amortization | $18,958 |
| Insurance | $10,503 |
| All other expenses | $1,754 |
| Total functional expenses | $567,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,173 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,500 |
| 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 | $0 |
| Net Land, buildings, and equipment | $615,796 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $924,469 |
| Accounts payable and accrued expenses | $2,866 |
| 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 | $0 |
| Total liabilities | $2,866 |
| Net assets without donor restrictions | $921,603 |
| Net assets with donor restrictions | $0 |
| 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 | $924,469 |