Times-News Rescue Fund Inc
- Assets
- $52.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kingsport, TN
- Founding
- 03/1984
- Data as of
- 06/2023
- EIN
- 62-1179380
Organization Overview
Times-News Rescue Fund Inc is located in Kingsport, TN. The organization was established in 1984. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Times-News Rescue Fund 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 06/2023, Times-News Rescue Fund Inc generated $45.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $61.3k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
CHRISTMAS RESCUE FUND - THE TIMES-NEWS RESCUE FUND, INC. IS INVOLVED WITH FUND RAISING ACTIVITIES TO PURCHASE GIFT CERTIFICATES FOR A FOOD PROGRAM. FOOD CERTIFICATES ARE PROVIDED TO FAMILIES IN NEED THROUGHOUT VARIOUS COUNTIES IN TENNESSEE AND VIRGINIA. THE TIMES-NEWS RESCUE FUND WORKS CLOSELY WITH COUNTY DEPARTMENTS OF HUMAN SERVICES AND THE SALVATION ARMY TO DETERMINE ELIGIBLE RECIPIENTS THAT ARE MOST IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald M Waite President | 1 | $0 | |
Robert Walters Vp/director | 1 | $0 | |
Debora F Salyers Sec/ Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,984 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $128 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $45,112 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $61,295 |
| Total expenses | $61,295 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $52,308 |
| Other assets | $0 |
| Total assets | $52,308 |
| Total liabilities | $0 |
| Net assets or fund balances | $52,308 |