No Longer Bound Inc
- Assets
- $11.7m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 192
- Location
- Cumming, GA
- Founding
- 08/1991
- Data as of
- 12/2022
- EIN
- 58-1927695
Organization Overview
No Longer Bound Inc is located in Cumming, GA. The organization was established in 1991. According to its NTEE Classification (F50) the organization is classified as: Addictive Disorders N.E.C., under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2023, No Longer Bound Inc employed 192 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. No Longer Bound 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, No Longer Bound Inc generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $6.9m during the year ending 12/2022. While expenses have increased by 12.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A SAFE PLACE WHERE BROKEN AND WILLING INDIVIDUALS CAN ESCAPE ENSLAVEMENT TO ADDICTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, NO LONGER BOUND HOUSED AND SERVED 73 INPATIENT RESIDENTS, PROVIDING ONE YEAR OF EVIDENCE-BASED THERAPIES, FAMILY AND MARRIAGE COUNSELING, CASE MANAGEMENT, VOCATIONAL TRAINING, AND JOB PLACEMENT. 100% OF RESIDENTS WERE EMPLOYED AT COMPLETION OF THEIR PROGRAM. VOCATIONAL TRAINING TRACKS INCLUDED CULINARY TRAINING, LANDSCAPING, AUTO MECHANIC TRAINING, DIGITAL MARKETING, AND PROJECT MANAGEMENT. NO LONGER BOUND THRIFT AND NO LONGER BOUND CARS COVERED 100% OF THE ORGANIZATION'S ADMINISTRATIVE COSTS WHILE ALSO DISTRIBUTING CLOTHING AND AUTOMOBILES TO PEOPLE IN NEED. THE ORGANIZATION ALSO BROKE GROUND ON A 16-BED TRANSITION HOUSE TO EXPAND SERVICES IN 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Bocian Board Member | Trustee | 1 | $0 |
David Divita Board Member | Trustee | 1 | $0 |
Michael Palmer Board Chairman | OfficerTrustee | 1 | $0 |
Joan Gee Board Member | Trustee | 1 | $0 |
Ned Kivett Board Member | Trustee | 1 | $0 |
Bentley Tison CEO & Executive Director | OfficerTrustee | 40 | $178,873 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pro Building Systems Construction | 12/30/23 | $1,030,658 |
Dawson Village Building Lease | 12/30/23 | $268,652 |
Reid & Reid Construction Llc Construction | 12/30/23 | $227,840 |
Crown Contracting Group Inc Remodeling And Installation | 12/30/23 | $169,785 |
Medlock Partners Llc Building Lease | 12/30/23 | $287,310 |
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 | $6,740,949 |
| Noncash contributions included in lines 1a–1f | $4,039,835 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,740,949 |
| Total Program Service Revenue | $181,698 |
| Investment income | $1,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $651,957 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $314,154 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,896,121 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,734,573 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $519,192 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,580 |
| Fees for services: Other | $529,175 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $666,398 |
| Travel | $82,949 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $63,373 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $257,648 |
| Insurance | $167,216 |
| All other expenses | $0 |
| Total functional expenses | $6,946,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,301,651 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $41,414 |
| Accounts receivable, net | $43,196 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $244,688 |
| Prepaid expenses and deferred charges | $109,967 |
| Net Land, buildings, and equipment | $7,527,137 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,416,588 |
| Total assets | $11,684,641 |
| Accounts payable and accrued expenses | $570,804 |
| Grants payable | $0 |
| Deferred revenue | $114,310 |
| 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 | $1,403,011 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,713,609 |
| Total liabilities | $3,801,734 |
| Net assets without donor restrictions | $7,621,101 |
| Net assets with donor restrictions | $261,806 |
| 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 | $11,684,641 |