Lancaster Childrens Home Inc
- Assets
- $1.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 49
- Location
- Lancaster, SC
- Founding
- 11/1962
- Data as of
- 06/2022
- 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 06/2022, Lancaster Childrens Home Inc employed 49 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 06/2022, Lancaster Childrens Home Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. 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
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 |
|---|---|---|---|
Luke Knight Board Member | Trustee | 1 | $0 |
Keith Agin Board Member | Trustee | 1 | $0 |
Jessica Banks Board Member | Trustee | 1 | $0 |
Lasenia Jones Secretary | Trustee | 1 | $0 |
Bruce Sowell President | Trustee | 1 | $0 |
Ken Herron Vice President | 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 | $297,393 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $297,393 |
| Total Program Service Revenue | $771,990 |
| Investment income | $7,273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $94,904 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,171,560 |
| 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. | $76,935 |
| Compensation of current officers, directors, key employees. | $7,693 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $887,134 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $140,165 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,985 |
| 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 | $45,926 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $81,764 |
| Travel | $21,256 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,734 |
| Interest | $2,109 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,651 |
| Insurance | $48,299 |
| All other expenses | $19,877 |
| Total functional expenses | $1,544,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,720 |
| Savings and temporary cash investments | $324,019 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,795 |
| 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 | $1,325,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,708,473 |
| Accounts payable and accrued expenses | $40,034 |
| 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 | $37,958 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $77,992 |
| Net assets without donor restrictions | $1,622,337 |
| Net assets with donor restrictions | $8,144 |
| 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 | $1,708,473 |