Third Chair
- Assets
- $224.6k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Grand Rapids, MI
- Founding
- 04/2008
- Data as of
- 08/2023
- EIN
- 77-0693331
Organization Overview
Third Chair is located in Grand Rapids, MI. The organization was established in 2008. 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 08/2023, Third Chair employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Third Chair 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 08/2023, Third Chair generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 30.3% each year . All expenses for the organization totaled $1.2m during the year ending 08/2023. While expenses have increased by 28.4% per year over the past 5 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
THE THIRD CHAIR EXISTS TO INSPIRE GROWTH, EMPOWER CHANGE AND CELEBRATE THE FORWARD MOVEMENT OF YOUNG ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THIRD CHAIR PROVIDED MENTAL HEALTH COUNSELING FOR YOUNG ADULTS FROM WEST MICHIGAN - REACHING OUT AND SERVING VULNERABLE POPULATIONS THAT OTHERWISE WOULD NOT HAVE ACCESS TO MENTAL HEALTH SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Mcknight President | OfficerTrustee | 40 | $94,917 |
Joni Cook Treasurer | OfficerTrustee | 40 | $47,042 |
Lisa Rathbun Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Karla M Kantola Counselor | 8/30/20 | $43,183 |
Tennyson Dewitt Counselor | 8/30/20 | $27,315 |
Stephanie Bennett | 8/30/20 | $16,125 |
Hillary T Marker | 8/30/20 | $14,610 |
Sarah Benton Counselor | 8/30/20 | $12,430 |
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 | $7,708 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,708 |
| Total Program Service Revenue | $1,219,303 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,228,284 |
| 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. | $163,287 |
| Compensation of current officers, directors, key employees. | $65,315 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,692 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,572 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,331 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $700,763 |
| Advertising and promotion | $2,673 |
| Office expenses | $47,773 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $126,579 |
| Travel | $14,340 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,329 |
| Interest | $1,291 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,862 |
| Insurance | $4,312 |
| All other expenses | $6,762 |
| Total functional expenses | $1,185,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,613 |
| 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 | $425 |
| Net Land, buildings, and equipment | $71,610 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $224,648 |
| Accounts payable and accrued expenses | $34,286 |
| 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 | $16,183 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $50,469 |
| Net assets without donor restrictions | $156,179 |
| Net assets with donor restrictions | $18,000 |
| 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 | $224,648 |