Neighborhood Cooperative Ministries Inc
- Assets
- $3.6m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 13
- Location
- Norcross, GA
- Founding
- 06/1989
- Data as of
- 12/2020
- EIN
- 58-1792414
Organization Overview
Neighborhood Cooperative Ministries Inc is located in Norcross, GA. The organization was established in 1989. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Neighborhood Cooperative Ministries Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Cooperative Ministries 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 12/2020, Neighborhood Cooperative Ministries Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $2.3m during the year ending 12/2020. While expenses have increased by 10.6% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MINISTRY IS A FAITH-BASED, NON-PROFIT ECUMENICAL MINISTRY DEDICATED TO PROVIDING EMERGENCY ASSISTANCE AND PROGRAMS TO CITIZENS OF NORCROSS, GA AND SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MINISTRY IS DEDICATED TO PROVIDING EMERGENCY ASSISTANCE TO FAMILIES BY PROVIDING FOOD, CLOTHING AND LIMITED FINANCIAL ASSISTANCE TO FAMILIES IN CRISIS. DURING THE YEAR ENDED 12/31/2021 THE MINISTRY SERVED 20,732 PEOPLE BY DISTRIBUTING 245,205 POUNDS OF FOOD AND 12,932 POUNDS OD CLOTHING AND 505 BOOK BAGS. IN ADDITION, 14,000 CHILDREN RECEIVED CHRISTMAS GIFTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley Cabe Executive Director | Officer | 40 | $76,120 |
Tye Hanna Vice President | Trustee | 2 | $0 |
Yolanda Henderson Secretary | Trustee | 2 | $0 |
Elizabeth Gross President | Trustee | 2 | $0 |
Darcy Copeland Treasurer | Trustee | 2 | $0 |
Susan Bardi Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $200,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $472,381 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,845,228 |
| Noncash contributions included in lines 1a–1f | $499,537 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,517,609 |
| Total Program Service Revenue | $0 |
| Investment income | $1,653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $160,368 |
| Net Gain/Loss on Asset Sales | -$563 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,718,667 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,518,286 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,500 |
| Compensation of current officers, directors, key employees. | $13,685 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $346,797 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,948 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,391 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,695 |
| Advertising and promotion | $12,243 |
| Office expenses | $70,299 |
| Information technology | $8,004 |
| Royalties | $0 |
| Occupancy | $65,725 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $24,609 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,318,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,476 |
| Savings and temporary cash investments | $800,641 |
| Pledges and grants receivable | $627,791 |
| Accounts receivable, net | $5,378 |
| 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 | $27,728 |
| Net Land, buildings, and equipment | $1,940,677 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,636,691 |
| Accounts payable and accrued expenses | $28,276 |
| 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 | $37,990 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,875 |
| Total liabilities | $109,141 |
| Net assets without donor restrictions | $3,233,750 |
| Net assets with donor restrictions | $293,800 |
| 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 | $3,636,691 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Neighborhood Cooperative Ministries Inc has recieved totaling $607,022.
| Awarding Organization | Amount |
|---|---|
The Scott Hudgens Family Foundation Inc Duluth, GA PURPOSE: DESIG. FOR THE GENERAL OPERATING FUND | $210,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $56,800 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
Shumard Foundation Inc Atlanta, GA PURPOSE: BEYOND THE BUILDING CAPITAL CAMPAIGN | $50,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $48,000 |
Atlanta Community Food Bank Inc Atlanta, GA PURPOSE: SEE PART IV | $44,799 |
Endowment Analysis
| Net Contributions | $1,231,820 |
| Other Expense | $228,582 |
| Ending Balance | $1,003,238 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inspiritus Inc Atlanta, GA | $4,563,820 | $17,981,504 |
Rescue Missions Ministries Inc Durham, NC | $22,198,926 | $18,805,895 |
Lifeshape Inc Atlanta, GA | $41,056,311 | $15,846,732 |
Haggai International Institute For Advanced Leadership Training Inc Peachtree Corners, GA | $41,354,774 | $16,620,781 |
Insideout Community Ministries Inc Clearwater, FL | $52,422,753 | $11,970,498 |
Elam Ministries Inc Alpharetta, GA | $5,679,728 | $12,042,641 |
Paramount Church Inc Palm Beach, FL | $0 | $8,970,572 |
Allegany Franciscan Ministries Inc Palm Harbor, FL | $132,053,877 | $12,610,220 |
Christian Sharing Center Inc Longwood, FL | $4,167,594 | $10,357,110 |
Maimonides-Shalom Academy Inc Fort Lauderdale, FL | $17,956,185 | $11,187,159 |
Wellspring Living Inc Atlanta, GA | $3,565,992 | $9,107,143 |
Sail-School For Arts-Infused Learning Evans, GA | $15,793,761 | $7,096,452 |