Interfaith Assistance Ministry Inc
- Assets
- $5.3m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 27
- Location
- Hendersonville, NC
- Founding
- 05/1984
- Data as of
- 12/2021
- EIN
- 58-1556963
Organization Overview
Interfaith Assistance Ministry Inc is located in Hendersonville, NC. The organization was established in 1984. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2021, Interfaith Assistance Ministry Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interfaith Assistance Ministry 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 12/2021, Interfaith Assistance Ministry Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 15.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST MEMBERS OF OUR COMMUNITY EXPERIENCING CRISIS WITH BASIC NEEDS, IN AN ATMOSPHERE OF COMPASSION AND RESPECT
Describe the Organization's Program Activity:
Part 3 - Line 4a
IAM PROVIDED 43,056 CRISIS SERVICE TOUCHES TO NEIGHBORS IN NEED IN 2021. THOSE SERVICES INCLUDED FOOD ORDERS THAT FED 41,870 CHILDREN AND ADULTS PROVIDING ENOUGH FOOD TO PREPARE 879,270 MEALS. THE VERY POPULAR DRIVE-THRU TUESDAY WEEKLY FOOD DISTRIBUTION SERVED 10,771 HOUSEHOLDS WITH FOOD AND HYGIENE PRODUCTS SUFFICIENT FOR EVERY MEMBER OF THE FAMILY FOR A WEEK. IAM PROVIDED FINANCIAL ASSISTANCE, WORKING DIRECTLY WITH UTILITIES AND LANDLORDS , THAT HELPED 436 FAMILIES AVOID DISCONNECTIONS AND PROVIDED 662 INDIVIDUALS WITH RENT OR MORTGAGE ASSISTANCE; GASOLINE VOUCHERS AND BUS TICKETS ASSISTED 262 INDIVIDUALS. THE CLOTHING ASSISTANCE DEPARTMENT SERVED 1,595 FAMILIES COMPRISED OF 3,222 INDIVIDUALS PROVIDING CLOTHING, JACKETS, SHOES AND LINENS TO NEIGHBORS IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Moss Executive Director | Officer | 40 | $108,763 |
Rabbi Rachael Jackson President | OfficerTrustee | 0.5 | $0 |
Dick Weaver Secretary | OfficerTrustee | 0.6 | $0 |
David Scott Treasurer | OfficerTrustee | 0.4 | $0 |
Rick Merrill Vice President | OfficerTrustee | 4.5 | $0 |
Marcia Caserio Board Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,121 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,661,304 |
| Noncash contributions included in lines 1a–1f | $1,055,671 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,733,425 |
| Total Program Service Revenue | $0 |
| Investment income | $21,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $104,950 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,860,022 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $431,297 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $115,228 |
| Compensation of current officers, directors, key employees. | $28,916 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $596,350 |
| Pension plan accruals and contributions | $25,269 |
| Other employee benefits | $0 |
| Payroll taxes | $52,604 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,615 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,849 |
| Fees for services: Other | $27,697 |
| Advertising and promotion | $17,013 |
| Office expenses | $41,291 |
| Information technology | $21,573 |
| Royalties | $0 |
| Occupancy | $55,275 |
| Travel | $4,393 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,778 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $116,597 |
| Insurance | $25,756 |
| All other expenses | $14,692 |
| Total functional expenses | $2,391,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $324,311 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,000 |
| Accounts receivable, net | $15,292 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $270,582 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,542,414 |
| Investments—publicly traded securities | $969,374 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $112,301 |
| Total assets | $5,259,274 |
| Accounts payable and accrued expenses | $78,725 |
| 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 | $472,330 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $404 |
| Total liabilities | $551,459 |
| Net assets without donor restrictions | $4,167,155 |
| Net assets with donor restrictions | $540,660 |
| 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 | $5,259,274 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Interfaith Assistance Ministry Inc has recieved totaling $1,111,025.
| Awarding Organization | Amount |
|---|---|
Manna Food Bank Inc Asheville, NC PURPOSE: FOOD DISTRIBUTION | $762,341 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $115,244 |
Wnc Bridge Foundation Asheville, NC PURPOSE: NOW/IMPACT GRANT | $78,500 |
Community Foundation Of Henderson County Inc Hendersonville, NC | | $46,990 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Organization Name not Listed PURPOSE: CHARITABLE DONATION | | $20,000 |
Endowment Analysis
| Beg. Balance | $99,273 |
| Earnings | $15,640 |
| Admin Expense | $786 |
| Other Expense | $1,826 |
| Ending Balance | $112,301 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Food Force Inc Mcdonough, GA | $2,007,344 | $13,651,508 |
Crisis Assistance Ministry Charlotte, NC | $9,210,179 | $12,946,602 |
Urban Ministries Of Wake County Inc Raleigh, NC | $7,262,423 | $11,747,038 |
Hca Hope Fund Nashville, TN | $21,200,285 | $11,328,129 |
North Fulton Community Charities Inc Roswell, GA | $11,894,105 | $9,822,757 |
Mercy Chefs Inc Portsmouth, VA | $5,186,203 | $10,305,611 |
Together Rising Falls Church, VA | $3,141,872 | $7,574,993 |
Graceworks Ministries Inc Franklin, TN | $5,757,602 | $9,107,244 |
The Center For Family Resources Inc Marietta, GA | $3,412,600 | $7,984,553 |
Food For Others Inc Fairfax, VA | $7,441,575 | $8,993,169 |
Anderson Interfaith Ministries Inc Anderson, SC | $3,291,014 | $7,774,313 |
Cooperative Ministry Columbia, SC | $4,164,954 | $7,208,080 |