Lancaster Childrens Home Inc
- Assets
- $2.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 54
- Location
- Lancaster, SC
- Founding
- 11/1962
- Data as of
- 06/2021
- EIN
- 57-0549954
Organization Overview
Lancaster Childrens Home Inc is located in Lancaster, SC. The organization was established in 1962. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 06/2021, Lancaster Childrens Home Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lancaster Childrens Home 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 06/2021, Lancaster Childrens Home Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 14.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE LANCASTER CHILDRENS HOME IS COMMITTED TO PROVIDING COMPREHENSIVE TREATMENT SERVICES TO CHILDREN OF NEED IN THE MOST EFFECTIVE AND LEAST RESTRICTIVE SETTING POSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES OF OPERATING A CHILDRENS HOME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annette Deese Executive Director | Officer | 40 | $73,200 |
Keith Agin Board Member | Trustee | 1 | $0 |
Luke Knight Board Member | Trustee | 1 | $0 |
Bruce Sowell President | Trustee | 1 | $0 |
Lasenia Jones Secretary | Trustee | 1 | $0 |
Jessica Banks Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $407,408 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $407,408 |
| Total Program Service Revenue | $841,411 |
| Investment income | $20,383 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,688 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,286,890 |
| 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. | $73,200 |
| Compensation of current officers, directors, key employees. | $10,980 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $679,466 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $128,027 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,683 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $34,925 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $78,725 |
| Travel | $17,058 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,795 |
| Interest | $2,472 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $97,436 |
| Insurance | $52,834 |
| All other expenses | $2,486 |
| Total functional expenses | $1,283,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325,036 |
| Savings and temporary cash investments | $318,637 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,985 |
| 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 | $2,653 |
| Net Land, buildings, and equipment | $1,399,442 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,071,753 |
| Accounts payable and accrued expenses | $21,088 |
| 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 | $47,627 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $68,715 |
| Net assets without donor restrictions | $2,003,038 |
| 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 | $2,071,753 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lancaster Childrens Home Inc has recieved totaling $123,860.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $90,000 |
John T Stevens Foundation Kershaw, SC PURPOSE: SUPPORT | $20,000 |
Nutramax Family Foundation Lancaster, SC PURPOSE: SUPPORT PROGRAM SERVICE | $10,000 |
Pardue Children In Need Fund Conway, SC PURPOSE: SHOES | $2,860 |
True Homes Foundation Inc Monroe, NC PURPOSE: GENERAL SUPPORT | $1,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Methodist Home Of The South Georgia Conference Macon, GA | $89,864,705 | $15,345,921 |
Boys And Girls Home Of North Carolina Inc Lake Waccamaw, NC | $27,444,905 | $18,368,279 |
Epworth Childrens Home Columbia, SC | $51,499,184 | $11,292,801 |
Ralph Scott Lifeservices Inc Burlington, NC | $9,602,091 | $12,832,538 |
United Methodist Childrens Home Of North Georgia Conference Inc Tucker, GA | $95,066,769 | $13,566,951 |
The Goshen Valley Foundation Inc Waleska, GA | $8,327,784 | $9,488,443 |
Eliada Homes Inc Asheville, NC | $2,952,846 | $9,966,578 |
Southmountain Children And Family Services Morganton, NC | $8,101,945 | $7,487,406 |
Masonic Home For Children At Oxford Oxford, NC | $67,850,233 | $7,293,515 |
Nazareth Childrens Home Rockwell, NC | $13,018,512 | $4,062,875 |
Hilltop Home Inc Raleigh, NC | $5,309,575 | $4,080,490 |
Free Will Baptist Childrens Home Inc Middlesex, NC | $15,140,197 | $5,607,581 |