Friends Of Switchpoint Inc
- Assets
- $39.1m
- Revenue
- $25.8m
- Investments
- $0.0
- Employees
- 285
- Location
- St George, UT
- Founding
- 02/2004
- Data as of
- 09/2022
- EIN
- 76-0740457
Organization Overview
Friends Of Switchpoint Inc is located in St George, UT. The organization was established in 2004. 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 09/2022, Friends Of Switchpoint Inc employed 285 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Switchpoint 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 09/2022, Friends Of Switchpoint Inc generated $25.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.6% each year . All expenses for the organization totaled $13.1m during the year ending 09/2022. While expenses have increased by 17.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MOBILIZE INDIVIDUALS AND RESOURCES TO DELIVER CREATIVE SOLUTIONS TO COMMUNITY PROBLEMS. SIGNIFIGANT ACTIVITIES INCLUDE OPERATING HOMELESS SHELTER, COMMUNITY FOOD PANTRY AND A COMMUNITY RESOURCE CENTER TO HELP THOSE SEEKING EMPLOYMENT.
Describe the Organization's Program Activity:
FOOD - SWITCHPOINT OPERATES A COMMUNITY FOOD PANTRY WHICH IS FREE TO THE PUBLIC AND SERVES OVER 1,700 HOUSEHOLDS PER MONTH
TOOELE COMMUNITY RESOURCE CENTER SWITCHPOINT OPERATES A FOOD PANTRY, DOMESTIC VIOLENCE SHELTER, COMMUNITY RESOURCE CENTER AND THRIFT STORE IN TOOELE.
SHELTER SWITCHPOINT OPERATES AN 80 BED HOMELESS SHELTER WHICH IS FREE TO THE PUBLIC AND OPEN 24/7. WE PROVIDE TEMPORARY EMERGENCY HOUSING FOR WOMEN, MEN AND FAMILIES OF ALL AGES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Hollowell Executive Dir. | Officer | 40 | $146,607 |
David Dangerfield President | OfficerTrustee | 1 | $0 |
Bruce Jenkins Vice President | OfficerTrustee | 1 | $0 |
Doug Thomas Director | Trustee | 1 | $0 |
Robert Nicholson Secretary | OfficerTrustee | 1 | $0 |
Mary Stricklin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,159,963 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,759,617 |
| Noncash contributions included in lines 1a–1f | $4,032,447 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,919,580 |
| Total Program Service Revenue | $2,523,144 |
| Investment income | $211,148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,137,127 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,790,999 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,895,043 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $146,607 |
| Compensation of current officers, directors, key employees. | $11,729 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,311,703 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $939,987 |
| 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 | $718,810 |
| Advertising and promotion | $74,904 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $60,396 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $174,123 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $514,401 |
| Insurance | $127,973 |
| All other expenses | $369,586 |
| Total functional expenses | $13,125,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,065,543 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $290,520 |
| Accounts receivable, net | $26,868 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,267,214 |
| Inventories for sale or use | $214,100 |
| Prepaid expenses and deferred charges | $4,868 |
| Net Land, buildings, and equipment | $32,976,368 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,303,212 |
| Total assets | $39,148,693 |
| Accounts payable and accrued expenses | $45,509 |
| 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 | $16,714,972 |
| Other liabilities | $186,516 |
| Total liabilities | $16,946,997 |
| Net assets without donor restrictions | $19,842,696 |
| Net assets with donor restrictions | $2,359,000 |
| 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 | $39,148,693 |