Each Initiative Inc is located in Waynesville, NC. The organization was established in 2017. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, 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. Each 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, Each Initiative Inc generated $116.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (36.3%) each year. All expenses for the organization totaled $293.7k during the year ending 12/2021. 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 Mission:
Part 3 - Line 1
OVERSEES A TRANSITIONAL HOUSING PROGRAM FOR FAMILIES MOVING FROM HOMELESSNESS TO A POSITION OF SELF-SUSTAINABILITY OVER APPROXIMATELY TWO YEARS. CASE MANAGEMENT IS PROVIDED. PARTNERING WITH CONGREGATIONS SUPPLEMENTAL INCOME IS PROVIDED FAMILIES ON AN AS-NEEDED BASIS.
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PURCHASED A MODULAR HOME AND VOLUNTEERS COMPLETED THE CONSTRUCTION BUILD-OUT THEREBY GIVING EACH INITIATIVE INC. A HOUSE IT OWNS OUTRIGHT. GOING FORWARD THIS WILL INSURE THE AVAILABILITY OF THIS HOUSE FOR FAMILIES PARTICIPATING IN THE EACH PROGRAM. IT WILL ALSO ALLOW CONGREGATIONS OR OTHER GROUPS WHO DO NOT HAVE HOUSING TO OFFER FAMILIES A SOCIAL AND FINANCIAL SAFETY NET.
49,488 FOR SALARY EXPENSE IS FOR THE CASE MANAGER WHO MEETS MULTIPLE TIMES A MONTH TO WORK WITH FAMILIES IN THE PROGRAM TO ESTABLISH MONTHLY BUDGETS, DEVELOP LIFE PLANS AND ASSIT WITH VARIOUS APPLICATIONS FOR CONTINUING EDUCATION, LOCATING CHILD CARE AND FUNDING FOR THAT CARE. 12,515 FOR BENEFIT EXPENSES INCLUDES MENTAL HEALTH COUNSELING, HEALTH CARE EXPENSES, FOOD, ELECTRICITY, CLOTHING, TUITION AND BOOKS FOR ATTENDANCE AT COMMUNITY COLLEGE AS WELL AS OTHER AS-NEEDED MISCELLANEOUS EXPENSES. 3,424 FOR INTEREST EXPENSE IS THE FINANCING COST OF OBTAINING FUNDS TO BUILD THE HOUSING AVAILABLE TO THE FAMILIES SERVED IN THE EACH PROGRAM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Paul Butler President & Treasurer Part Year & Board Member | 18 | $0 | |
William Ashley Vice Pres Treasurer & Board Member Part Year | 6 | $0 | |
Henry Wall Secretary & Board Member | 4 | $0 | |
Virginia Butler Board Member | 2 | $0 | |
Sharon Carlisle Board Member | 8 | $0 | |
Sam Lupfer Board Member | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $108,648 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $30 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $7,887 |
Total Revenue | $116,565 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $48,584 |
Professional fees and other payments to independent contractors | $6,375 |
Occupancy, rent, utilities, and maintenance | $6,340 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $20,370 |
Total expenses | $293,709 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $0 |
Other assets | $0 |
Total assets | $0 |
Total liabilities | $0 |
Net assets or fund balances | $0 |