Soar Initiative Inc
- Assets
- $313.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 81-2227366
Organization Overview
Soar Initiative Inc is located in Indianapolis, IN. The organization was established in 2017. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, 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. Soar Initiative 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 12/2021, Soar Initiative Inc generated $198.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $238.9k during the year ending 12/2021. While expenses have increased by 20.3% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
FOSTER PROGRAMS AND ASSISTANCE OF DAILING LIVING
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Hopson Principal Officer | 80 | $63,150 | |
Jennifer King Director | 1 | $0 | |
Mary Gamache Director | 2 | $0 | |
Fletcher White Director | 1 | $0 | |
Leslie Brooks Director | 2 | $0 | |
Samantha Grimes Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $198,831 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $198,831 |
| 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 | $64,697 |
| Occupancy, rent, utilities, and maintenance | $51,823 |
| Printing, publications, postage, and shipping | $734 |
| Other expenses | $40,791 |
| Total expenses | $238,871 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $39,268 |
| Other assets | $0 |
| Total assets | $313,448 |
| Total liabilities | $233,306 |
| Net assets or fund balances | $80,142 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Soar Initiative Inc has recieved totaling $59,348.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $48,898 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $450 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Patrick Center St Louis, MO | $22,313,379 | $19,679,284 |
Public Action To Deliver Shelter Inc Aurora, IL | $12,470,184 | $13,170,829 |
Coalition For The Homeless Louisville, KY | $2,693,256 | $7,398,778 |
Morning Star Mission Ministries Joliet, IL | $8,251,113 | $7,988,362 |
Facing Forward To End Homelessness Chicago, IL | $3,939,429 | $6,966,734 |
South Suburban Council On Homelessness Mokena, IL | $151,033 | $4,375,749 |
Inspiration Corporation Chicago, IL | $3,598,535 | $5,094,126 |
Inner Voice Incorporated Chicago, IL | $1,141,501 | $3,883,982 |
Hillcrest Ministries Of Midamerica Inc Kansas City, MO | $6,469,883 | $4,066,615 |
Aurora Inc Evansville, IN | $1,313,809 | $3,511,663 |
Homeless Assistance Leadership Organization Incorporated Racine, WI | $4,400,299 | $2,971,990 |
Harrison County Community Services Inc Corydon, IN | $1,388,088 | $2,796,413 |