Childrens Home Inc
- Assets
- $12.5m
- Revenue
- $6.3m
- Investments
- $6.9m
- Employees
- 43
- Location
- Paragould, AR
- Founding
- 03/1962
- Data as of
- 06/2023
- EIN
- 71-0356241
Organization Overview
Childrens Home Inc is located in Paragould, AR. The organization was established in 1962. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 06/2023, Childrens Home Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Home 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, Childrens Home Inc generated $6.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $3.8m during the year ending 06/2023. While expenses have increased by 1.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING SUBSTITUTE HOME FOR DEPENDENT AND NEGLECTED CHILDREN AND RESTORING THE BROKEN LIVES OF CHILDREN AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM TITLE: CHILD CARE SERVICES PARTICIPANTS: 76TOTAL AND COMPLETE CARE OF THE CHILDREN INCLUDING BUT NOT LIMITED TO: MEDICAL, SCHOOL TUITION, OCCUPANCY AND THERAPY.
PROGRAM TITLE: YOUTH CAMP PARTICIPANTS: 250YOUTH CAMP PROVIDED FOR CHILDREN'S HOME, INC RESIDENTS TO PROVIDE ACTIVITIES THAT PROMOTE PHYSICAL, EMOTIONAL AND SOCIAL WELL-BEING OF THE CHILDREN.
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Watson Board Member | OfficerTrustee | 0 | $0 |
Floyd Landrum Board Member | Trustee | 0 | $0 |
Todd Gazaway Board Member | OfficerTrustee | 0 | $0 |
Jack Stewart Board Member | OfficerTrustee | 0 | $0 |
Rick Watson Board Member | Trustee | 0 | $0 |
Mike Schwamb Board Member | OfficerTrustee | 0 | $0 |
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 | $6,046,106 |
| Noncash contributions included in lines 1a–1f | $45,340 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,046,106 |
| Total Program Service Revenue | $1,279 |
| Investment income | $130,452 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,312 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $62,767 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,291,367 |
| 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. | $118,390 |
| Compensation of current officers, directors, key employees. | $118,390 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,436,963 |
| Pension plan accruals and contributions | $113,579 |
| Other employee benefits | $0 |
| 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 | $0 |
| Fees for services: Other | $44,739 |
| Advertising and promotion | $279,866 |
| Office expenses | $46,169 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $239,487 |
| Travel | $27,363 |
| 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 | $218,296 |
| Insurance | $290,466 |
| All other expenses | $205,550 |
| Total functional expenses | $3,846,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,687,746 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $678 |
| Net Land, buildings, and equipment | $3,900,257 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,940,020 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,528,701 |
| Accounts payable and accrued expenses | $250,392 |
| 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 | $498,058 |
| Total liabilities | $748,450 |
| Net assets without donor restrictions | $11,406,294 |
| Net assets with donor restrictions | $373,957 |
| 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 | $12,528,701 |