Experiment In Self-Reliance Inc
- Assets
- $2.7m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 44
- Location
- Winstonsalem, NC
- Founding
- 09/1964
- Data as of
- 06/2022
- EIN
- 56-6060100
Organization Overview
Experiment In Self-Reliance Inc is located in Winstonsalem, NC. The organization was established in 1964. 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 06/2022, Experiment In Self-Reliance Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Experiment In Self-Reliance 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 06/2022, Experiment In Self-Reliance Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 5.1% per year over the past 7 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
OPERATE PROGRAMS DESIGNED TO COMBAT AND ALLEVIATE POVERTY IN FORSYTH COUNTY, NORTH CAROLINA, PRIMARILY THROUGH SUPPLYING TRANSITIONAL HOUSING, FINANCIAL TRAINING, AND ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING PROGRAM- TO OVERCOME BARRIERS TO ECONOMIC SELF-SUFFICIENCY THROUGH INTENSIVE CASE MANAGEMENT AND AFFORDABLE PERMANENT HOUSING. THIS PROGRAM IS AIMED TOWARDS IMPROVING THE STANDARDS OF LIVING THROUGH EMPLOYMENT AND EDUCATIONAL OPPORTUNITIES TO HOMELESS RESIDENTS OF FORSYTH COUNTY.
COMMUNITY SERVICES PROGRAM CONSISTS OF THREE PROGRAMS AIMED AT INCREASING FINANCIAL LITERACY TO ASSIST LOW-INCOME RESIDENTS OF FORSYTH COUNTY. THE SELF-SUFFICIENCY PROGRAM: TO PROVIDE FINANCIAL SUPPORT FOR THE OBTAINMENT OF EDUCATIONAL TRAINING AND BETTER EMPLOYMENT. EDUCATIONAL TRAINING IS AIMED TO INCREASE FINANCIAL LITERACY (LIKE SAVING HABITS) SO THAT FAMILIES CAN BECOME SELF-SUFFICIENT AND STABILIZE THEIR LIVES. PARTICIPANTS ARE REQUIRED TO BE RESIDENTS OF FORSYTH COUNTY, BE MOTIVATED, AND TO FALL WITHIN THE DHHS POVERTY GUIDELINES. THE FORSYTH FREE TAX PROGRAM: FREE INCOME TAX RETURN PREPARATION AND FILING IS OFFERED TO RESIDENTS WITH LOW TO MODERATE INCOME. THIS PROGRAM ALSO OFFERS COMMUNITY VOLUNTEER OPPORTUNITIES THROUGH THE VOLUNTEER INCOME TAX ASSISTANCE (VITA) PROGRAM AND GOES HAND IN HAND WITH THE NEW CENTURY IDA PROGRAM. THE NEW CENTURY IDA PROGRAM: TO COMBAT GENERATIONAL POVERTY THROUGH THE FOLLOWING FINANCIAL LITERACY AREAS: BUDGET COUNSELING, VOCATIONAL COUNSELING, IDA SAVINGS ACCOUNT, AND BUILDING ASSETS. BUILDING ASSETS, SUCH AS FIRST-TIME HOME OWNERSHIP, IS ACCOMPLISHED THROUGH IMPROVED CREDIT SCORES, HOMEBUYER EDUCATION, AND MATCHING FUNDS TOWARD A DOWN PAYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Twana Roebuck Executive Di | Officer | 40 | $85,702 |
Marsha Smith Chair | OfficerTrustee | 5 | $0 |
Kevin Byers Vice Chair | OfficerTrustee | 5 | $0 |
Jacqueline Milam Treasurer | OfficerTrustee | 5 | $0 |
Marcus Houston Secretary | OfficerTrustee | 5 | $0 |
Dierdre Hill Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $132,999 |
| Membership dues | $0 |
| Fundraising events | $6,716 |
| Related organizations | $0 |
| Government grants | $2,341,602 |
| All other contributions, gifts, grants, and similar amounts not included above | $283,384 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,764,701 |
| Total Program Service Revenue | $47,566 |
| Investment income | $104 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,530 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,809,809 |
| 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. | $141,464 |
| Compensation of current officers, directors, key employees. | $20,001 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,239,437 |
| Pension plan accruals and contributions | $40,274 |
| Other employee benefits | $117,004 |
| Payroll taxes | $97,683 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60 |
| Fees for services: Accounting | $15,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,319 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $36,544 |
| Royalties | $0 |
| Occupancy | $121,905 |
| Travel | $25,638 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,905 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,291 |
| Insurance | $53,326 |
| All other expenses | $8,768 |
| Total functional expenses | $3,052,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,166 |
| Savings and temporary cash investments | $126,472 |
| Pledges and grants receivable | $293,412 |
| Accounts receivable, net | $0 |
| 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 | $13,245 |
| Net Land, buildings, and equipment | $2,192,618 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,669,913 |
| Accounts payable and accrued expenses | $147,386 |
| Grants payable | $0 |
| Deferred revenue | $258,991 |
| 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 | $356,259 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,517 |
| Total liabilities | $772,153 |
| Net assets without donor restrictions | $1,830,919 |
| Net assets with donor restrictions | $66,841 |
| 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 | $2,669,913 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Experiment In Self-Reliance Inc has recieved totaling $227,303.
| Awarding Organization | Amount |
|---|---|
United Way Of Forsyth County Inc Winstonsalem, NC PURPOSE: GENERAL SUPPORT | $125,503 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 12 GRANT(S) FOR VARYING PURPOSES | $86,800 |
Reinvestment Partners Durham, NC PURPOSE: VITA Subgrantee | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashville Rescue Mission Nashville, TN | $37,816,884 | $20,187,859 |
Forkids Inc Chesapeake, VA | $30,389,970 | $15,557,559 |
Eastern Carolina Homelessness Organization Inc Myrtle Beach, SC | $3,922,932 | $13,355,938 |
One-Eighty Place Charleston, SC | $19,059,150 | $17,424,004 |
New Hope Housing Inc Alexandria, VA | $4,724,081 | $13,222,867 |
The Next Door Nashville, TN | $9,790,699 | $10,091,124 |
24 7 Gateway Llc Atlanta, GA | $7,682,013 | $8,328,341 |
Partners For Home Inc Atlanta, GA | $5,368,701 | $9,349,512 |
Homeward Bound Of Western North Carolina Inc Asheville, NC | $7,613,383 | $7,947,393 |
Good Shepherd Ministries Of Wilmington Inc Wilmington, NC | $5,944,318 | $5,829,683 |
Caritas Richmond, VA | $20,735,460 | $5,144,634 |
Doorways For Women & Families Inc Arlington, VA | $11,264,979 | $7,983,956 |