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 12/2022, 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 12/2022, Neighborhood Cooperative Ministries Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 8.8% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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:
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 12/31/2022 THE MINISTRY SERVED 25,612 PEOPLE BY DISTRIBUTING 336,319 POUNDS OF FOOD AND 15,089 POUNDS OF CLOTHING AND 350 BOOK BAGS. IN ADDITION, 443 CHILDREN RECEIVED CHRISTMAS GIFTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Shirley Cabe Executive Director | Officer | 40 | $85,000 |
Elizabeth Gross President | Trustee | 2 | $0 |
Tye Hanna Vice President | Trustee | 2 | $0 |
Beth Strickland Secretary | Trustee | 2 | $0 |
Darcy Copeland Treasurer | Trustee | 2 | $0 |
Lindsay Brereton Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $308,471 |
Related organizations | $0 |
Government grants | $341,338 |
All other contributions, gifts, grants, and similar amounts not included above | $2,362,739 |
Noncash contributions included in lines 1a–1f | $521,743 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,012,548 |
Total Program Service Revenue | $0 |
Investment income | $16,332 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $74,506 |
Net Gain/Loss on Asset Sales | -$9,661 |
Net Income from Fundraising Events | -$38,618 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,091,107 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $1,619,799 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $85,665 |
Compensation of current officers, directors, key employees. | $14,563 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $449,754 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $2,285 |
Payroll taxes | $42,478 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $32,413 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $16,200 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $18,650 |
Office expenses | $57,125 |
Information technology | $2,250 |
Royalties | $0 |
Occupancy | $59,786 |
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 | $29,753 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $2,486,734 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $216,886 |
Savings and temporary cash investments | $2,446,543 |
Pledges and grants receivable | $201,301 |
Accounts receivable, net | $7,052 |
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 | $70,203 |
Net Land, buildings, and equipment | $2,011,300 |
Investments—publicly traded securities | $429,587 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $5,382,872 |
Accounts payable and accrued expenses | $12,041 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $68,011 |
Total liabilities | $80,052 |
Net assets without donor restrictions | $4,406,365 |
Net assets with donor restrictions | $896,455 |
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 | $5,382,872 |