Family Resource Agency Inc
- Assets
- $3.1m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 281
- Location
- Cleveland, TN
- Founding
- 02/1997
- Data as of
- 12/2022
- EIN
- 62-0876593
Organization Overview
Family Resource Agency Inc is located in Cleveland, TN. The organization was established in 1997. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Family Resource Agency Inc employed 281 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Family Resource Agency 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, Family Resource Agency Inc generated $9.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $9.3m during the year ending 12/2022. While expenses have increased by 1.7% 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
TO SERVE FAMILIES, CHILDREN AND ADULTS IN WAYS THAT IMPROVE THEIR QUALITY OF LIFE AND ENABLE THEM TO BECOME MORE SELF-SUFFICIENT, PRODUCTIVE MEMBERS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A HEAD START PROGRAM AND PRE-K SERVICES
OPERATION OF A FAMILY VIOLENCE SHELTER AND PROVIDE SERVICES RELATED TO DOMESTIC ABUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Bacon CEO | Officer | 20 | $78,067 |
Joe Adams Fiscal Dir | Officer | 20 | $76,250 |
Kelly Browand President | OfficerTrustee | 1 | $0 |
Sandra Holder Secretary/tr | OfficerTrustee | 1 | $0 |
Deana Laudner President El | OfficerTrustee | 1 | $0 |
David Carroll Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Triple E Construction Construction | 12/30/22 | $226,050 |
Glenn Elrod A To Z Construction Construction | 12/30/22 | $110,108 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $107,141 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,125,799 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,676 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,261,616 |
| Total Program Service Revenue | $24,326 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,197 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,293,392 |
| 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. | $154,317 |
| Compensation of current officers, directors, key employees. | $154,317 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,365,703 |
| Pension plan accruals and contributions | $210,801 |
| Other employee benefits | $735,325 |
| Payroll taxes | $407,437 |
| 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 | $0 |
| Office expenses | $690,306 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $360,797 |
| Travel | $96,010 |
| 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 | $194,699 |
| Insurance | $72,341 |
| All other expenses | $98,241 |
| Total functional expenses | $9,276,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458,173 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $461,798 |
| Accounts receivable, net | $348,185 |
| 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 | $88,092 |
| Net Land, buildings, and equipment | $1,069,520 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $697,763 |
| Total assets | $3,123,531 |
| Accounts payable and accrued expenses | $488,900 |
| Grants payable | $0 |
| Deferred revenue | $197,511 |
| 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 | $697,763 |
| Total liabilities | $1,384,174 |
| Net assets without donor restrictions | $1,554,419 |
| Net assets with donor restrictions | $184,938 |
| 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 | $3,123,531 |
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|---|---|---|
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Frontstream Global Fund Alexandria, VA | $871,140 | $19,414,740 |
Catholic Charities Of Tennessee Inc Nashville, TN | $6,708,389 | $19,282,106 |
Hinds County Human Resource Agency Jackson, MS | $2,640,686 | $19,218,444 |
Country Club Of Landfall Wilmington, NC | $36,040,032 | $19,318,350 |
Central Missouri Community Action Columbia, MO | $7,094,173 | $19,692,460 |
Community Service Programs Of West Alabama Inc Tuscaloosa, AL | $11,169,657 | $19,088,639 |
Arkansas Early Learning Inc Jonesboro, AR | $12,519,715 | $17,680,686 |
Commonwealth Catholic Charities Richmond, VA | $9,806,748 | $17,802,660 |
Action Pathways Inc Fayetteville, NC | $19,024,818 | $19,740,388 |
Daniel Boone Community Action Agency Inc Manchester, KY | $8,884,267 | $15,954,203 |