Henderson Settlement Inc
- Assets
- $3.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 44
- Location
- Frakes, KY
- Founding
- 04/1972
- Data as of
- 12/2021
- EIN
- 61-0674965
Organization Overview
Henderson Settlement Inc is located in Frakes, KY. The organization was established in 1972. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Henderson Settlement Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henderson Settlement 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, Henderson Settlement Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. 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 CREATE OPPORTUNITIES FOR BETTER LIVES THROUGH CHRIST-CENTERED SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINISTRY INCLUDES A THRIFT STORE AND A CRAFT STORE OPEN TO THE COMMUNITY, AS WELL AS A WORKING CATTLE FARM, SEVERAL GREENHOUSES, A GROW APPALACHIA PROGRAM AND FACILITIES MAINTENANCE AND REPAIR. THE CRAFT STORE SELLS THE PRODUCTIONS OF LOCAL ARTISANS AND SOME LOGO ITEMS FOR THE ORGANIZATION, SUCH AS SHIRTS AND HATS. THE THRIFT STORE SELLS MAINLY CLOTHING AND HOUSEHOLD ITEMS DONATED TO SELL TO THE LOCAL COMMUNITY AND VISITORS TO THE AREA. THE CATTLE FARM RAISES BEEF CATTLE TO SELL. THE GREENHOUSES PRODUCE FLOWERS AND VEGETABLES TO SELL TO THE LOCAL COMMUNITY AND TO USE IN OUR VARIOUS MINISTIES. THE GROW APPALACHIA PROGRAM TEACHES AND ENABLES LOCAL FAMILIES TO GROW THEIR OWN PRODUCE, THUS ENHANCING FOOD SECURITY IN THE AREA. THE FACILITIES MAINTENANCE AND REPAIR MINISTRY MAINTAINS OUR BUILDINGS AND EQUIPMENT FOR USE IN OUR VARIOUS MINISTRIES.
TO PROVIDE HOME REPAIR AND CONSTRUCTION TO FAMILIES IN A VERY POOR AREA OF SOUTHEASTERN KENTUCKY AND NORTHEASTERN TENNESSEE, USING VOLUNTEER LABOR AND FUNDS FROM AROUND THE COUNTRY. IN 2021, WE UTILIZED ABOUT 542 VOLUNTEERS AND DONATED FINANCIAL RESOURCES IN OUR MISSION OUTREACH PROGRAM, REPAIRING SEVERAL HOMES. IN ADDITION TO THE COMMUNITY PROJECTS, SOME CAMPUS PROJECTS WERE COMPLETED.
COMMUNITY DEVELOPMENT IN THE FORM OF PROVIDING BASIC HUMAN NEEDS, SUCH AS FOOD, CLOTHING, RENT AND UTILITY ASSISTANCE, EDUCATIONAL SCHOLARSHIPS, MEDICAL EXPENSE ASSISTANCE, A LIFE SKILLS CLASS, WOMENS SUPPORT GROUPS, AND TRANSPORTATION TO MEDICAL APPOINTMENTS IN A VERY POOR AREA OF APPALACHIA. A FEW OF OUR MINISTRIES INCLUDE A YOUTH PROGRAM WITH YOUTH SPORTS TEAMS, TUTORING, AFTER-SCHOOL PROGRAMS, PROVISION OF SCHOOL SUPPLIES AND AN ANNUAL CHRISTMAS PARTY AND TOY SALE FOR COMMUNITY CHILDREN; A SENIOR CENTER THAT MEETS THREE DAYS A WEEK AND PROVIDES HOT MEALS, COMMODITIES AND FELLOWSHIP TO SENIOR CITIZENS, AS WELL AS MEAL DELIVERIES WHEN NEEDED; A COMMUNITY FOOD PANTRY; A MATERNAL INFANT HEALTH OUTREACH WORKER PROGRAM AND BABY PANTRY; AND A COMMUNITY LIBRARY.
MEALS PROVIDED TO VOLUNTEERS IN MISSION PARTICIPANTS, ORGANIZATION STAFF AND OTHERS IN THE ORGANIZATIONS DINING HALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Pagura Board Officer President | OfficerTrustee | 0 | $0 |
Linda Miller Board Officer Sec-Treasurer | OfficerTrustee | 0 | $0 |
Eric H Bradley Sr Board Officer VP | OfficerTrustee | 0 | $0 |
John Newman 2021 Exec Director Non-Vo | Officer | 40 | $0 |
Denia N Leishman Director Of Finance Non-Vot | Officer | 36 | $0 |
Dave Myers Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,629 |
| Related organizations | $0 |
| Government grants | $200,815 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,170,410 |
| Noncash contributions included in lines 1a–1f | $30,993 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,377,854 |
| Total Program Service Revenue | $426,937 |
| Investment income | $48,774 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,223 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,878,438 |
| 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 | $625,732 |
| Pension plan accruals and contributions | $41,304 |
| Other employee benefits | $19,313 |
| Payroll taxes | $68,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,358 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $111,410 |
| 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 | $94,590 |
| Insurance | $22,095 |
| All other expenses | $144,113 |
| Total functional expenses | $1,484,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $644,214 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,711 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,201 |
| Prepaid expenses and deferred charges | $27,734 |
| Net Land, buildings, and equipment | $1,268,280 |
| Investments—publicly traded securities | $990,818 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $160 |
| Total assets | $2,994,118 |
| Accounts payable and accrued expenses | $48,406 |
| 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 | $58,741 |
| Total liabilities | $107,147 |
| Net assets without donor restrictions | $2,351,922 |
| Net assets with donor restrictions | $535,049 |
| 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 | $2,994,118 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Henderson Settlement Inc has recieved totaling $34,080.
| Awarding Organization | Amount |
|---|---|
Berea College Berea, KY PURPOSE: SUPPORT OF ORGANIZATION WORKING TO IMPROVE GENERAL WELFARE WITHIN THE APPALACHIAN REGION | $10,000 |
Charles H & Annetta R Masland Fdn Perry, NY PURPOSE: GENERAL OPERATIONS | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $7,700 |
Alfred J Mcallister And Dorothy N Mcallister Foundation Lafayette, IN PURPOSE: CHARITABLE | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $640 |
Hutchison Foundation Fairfield, IL PURPOSE: OPERATIONS | $500 |
Endowment Analysis
| Beg. Balance | $7,670 |
| Earnings | $1,023 |
| Admin Expense | $58 |
| Other Expense | $3,300 |
| Ending Balance | $5,335 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
University Circle Incorporated Cleveland, OH | $134,622,719 | $18,118,457 |
Embarras River Basin Agency Inc Greenup, IL | $2,961,671 | $18,793,359 |
Jefferson Franklin Community Action Corporation Hillsboro, MO | $6,544,452 | $18,340,130 |
Tri-County Opportunities Council Rock Falls, IL | $4,101,390 | $18,238,868 |
Economic And Community Development Institute Inc Columbus, OH | $78,355,876 | $19,971,101 |
Mountainheart Community Servces Inc Oceana, WV | $5,735,709 | $13,660,570 |
Inner-City Muslim Action Network Chicago, IL | $22,441,569 | $25,574,850 |
West Ohio Community Action Partnership Lima, OH | $6,981,623 | $15,279,840 |
Will County Center For Community Concerns Inc Joliet, IL | $2,259,108 | $13,384,526 |