Libbies Place
- Assets
- $662.3k
- Revenue
- $627.7k
- Investments
- $0.0
- Employees
- 12
- Location
- Galveston, TX
- Founding
- 07/2002
- Data as of
- 12/2021
- EIN
- 76-0671021
Organization Overview
Libbies Place is located in Galveston, TX. The organization was established in 2002. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2021, Libbies Place employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Libbies Place 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, Libbies Place generated $627.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $459.8k during the year ending 12/2021. While expenses have increased by 2.4% 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
PROVIDE OLDER ADULTS COMPASSIONATEASSISTANCE WITH DAILY LIVING ACTIVITIES AND CAREGIVER SUPPORT FOR GALVESTON, TXAND THE SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE OLDER ADULTS COMPASSIONATE ASSISTANCE WITH DAILY LIVING ACTIVITIESAND CAREGIVER SUPPORT FOR GALVESTON, TX AND THE SURROUNDING COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corinne Rhoades Chief Executive Officer | 40 | $55,000 | |
Margaret Hunter Treasurer | OfficerTrustee | 4 | $0 |
Susan Philpot Vice Chair | OfficerTrustee | 4 | $0 |
Derek Richardson Chairman | OfficerTrustee | 4 | $0 |
Dorene Philpot Secretary | OfficerTrustee | 4 | $0 |
David Lang Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $18,571 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,987 |
| All other contributions, gifts, grants, and similar amounts not included above | $353,976 |
| Noncash contributions included in lines 1a–1f | $21,683 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $430,534 |
| Total Program Service Revenue | $174,283 |
| Investment income | $1,498 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,169 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $627,684 |
| 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. | $54,999 |
| Compensation of current officers, directors, key employees. | $3,665 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $221,879 |
| Pension plan accruals and contributions | $4,266 |
| Other employee benefits | $5,461 |
| Payroll taxes | $21,757 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,232 |
| Advertising and promotion | $6,008 |
| Office expenses | $2,059 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,365 |
| 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 | $4,526 |
| Insurance | $22,188 |
| All other expenses | $13,280 |
| Total functional expenses | $459,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $583,336 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,227 |
| 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 | $6,233 |
| Net Land, buildings, and equipment | $19,532 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $662,328 |
| Accounts payable and accrued expenses | $24,897 |
| 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 | $0 |
| Total liabilities | $24,897 |
| Net assets without donor restrictions | $377,468 |
| Net assets with donor restrictions | $259,963 |
| 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 | $662,328 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Libbies Place has recieved totaling $159,871.
| Awarding Organization | Amount |
|---|---|
Permanent Endowment Fund Of The Moody Memorial First United Method Galveston, TX PURPOSE: Operating Support | $150,000 |
United Way Of Galveston Inc Galveston, TX PURPOSE: GENERAL SUPPORT | $9,871 |
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