Knox Area Rescue Ministries
- Assets
- $26.0m
- Revenue
- $34.0m
- Investments
- $0.0
- Employees
- 1,189
- Location
- Knoxville, TN
- Founding
- 02/1964
- Data as of
- 06/2021
- EIN
- 62-0670972
Organization Overview
Knox Area Rescue Ministries is located in Knoxville, TN. The organization was established in 1964. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Knox Area Rescue Ministries employed 1,189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knox Area Rescue Ministries 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 06/2021, Knox Area Rescue Ministries generated $34.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $26.2m during the year ending 06/2021. While expenses have increased by 8.8% 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 PROVIDE FOOD,SHELTER AND OTHER NECESSARY SERVICES TO NEEDY MEN, WOMEN, AND CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RESCUE/EMERGENCY SERVICE PROVIDES OVERNIGHT SHELTER TO NEARLY 350 MEN, WOMEN AND CHILDREN, 365 DAYS PER YEAR. THIS RESCUE/EMERGENCY SERVICE ALSO PROVIDES 3 MEALS PER DAY, CLOTHING, AND CARE COORDINATION. THESE SERVICES ARE PROVIDED TO THE HOMELESS AND OTHER NEEDY CITIZENS FROM THE KNOX AREA.
THE RESIDENTIAL RECOVERY PROGRAM PROVIDES SERVICES FOR WOMEN AND CHILDREN. THE RECOVERY PROGRAM PROVIDES BIBLICALLY-BASED RECOVERY SERVICE AND CASE MANAGEMENT; INDIVIDUAL AND GROUP COUNSELING; SPIRITUAL SUPPORT; CRISIS INTERVENTION; LIFE SKILLS AND CAREER CLASSES; AND LONG-TERM REFUGE FROM VIOLENCE AND DRUG ADDICTION. THE PROGRAM INCLUDES ROOM AND BOARD.
THE RESIDENTIAL BEREA PROGRAM IS A 12-18 MONTH RESTORATION PROGRAM DESIGNED FOR MEN FACING LIFE-CONTROLLING CHALLENGES, LIKE ADDICTION OR CHRONIC HOMELESSNESS. PROGRAM OFFERS A SUPPORTIVE COMMUNITY, EQUIPPING THEM WITH LIFE SKILLS, AND OFFERING TOOLS AND RESOURCES SO THEY CAN LEAD FULLY RESTORED LIVES UPON COMPLETION OF THE PROGRAM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Frank Smith III Board Member | Trustee | 1 | $0 |
Dr H Lee Martin Board Member | Trustee | 1 | $0 |
Bobby Stogner Finance Chairman | Trustee | 1 | $0 |
Cathy Gonzalez Board Member | Trustee | 1 | $0 |
Dan Hurst Board Member | Trustee | 1 | $0 |
Doug Yoakley Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Smco Consulting | 6/29/23 | $1,414,787 |
Bdi Releasing Generosity Fundraising Services | 6/29/23 | $888,670 |
Walden Security Security | 6/29/23 | $284,448 |
Robert J Young Company Capex | 6/29/23 | $199,369 |
Eugene Cummings Construction | 6/29/23 | $190,989 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,055,644 |
| Investment income | $123 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,448 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,965,736 |
| Statement of Expenses | |
|---|---|
| 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. | $209,013 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,281,489 |
| Pension plan accruals and contributions | $72,679 |
| Other employee benefits | $880,345 |
| Payroll taxes | $948,261 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $243,688 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,781,228 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $111,695 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $879,894 |
| Insurance | $404,338 |
| All other expenses | $0 |
| Total functional expenses | $26,216,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,140,976 |
| Savings and temporary cash investments | $120,551 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $84,261 |
| Inventories for sale or use | $1,339,917 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $4,934,916 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $553,084 |
| Total assets | $26,011,648 |
| Accounts payable and accrued expenses | $2,376,855 |
| 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 | $5,273,195 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,650,050 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $18,361,598 |