Finance Of America Cares
- Assets
- $861.3k
- Revenue
- $938.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Irving, TX
- Founding
- 11/2017
- Data as of
- 12/2021
- EIN
- 82-2673713
Organization Overview
Finance Of America Cares, operating under the name Incenter Cares, is located in Irving, TX. 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. Incenter Cares 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, Incenter Cares generated $938.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $754.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Incenter Cares has awarded 23 individual grants totaling $180,250. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO STRENGTHEN OUR COMMUNITIES, ENRICH LIVES, AND INSPIRE CARING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY IMPACT GRANTS: BUILDING STRONG COMMUNITIES THROUGH GRANTMAKING TO NONPROFITS IN THE FOLLOWING THREE FOCUS AREAS: 1) VETERANS: SERVING THE EMERGING AND LONG-TERM NEEDS OF OUR NATION'S VETERANS AND THEIR FAMILIES. IN AN EFFORT TO RECOGNIZE THE SACRIFICES THEY AND THEIR LOVED ONES HAVE MADE ON BEHALF OF OUR COUNTRY, WE PROUDLY SUPPORT ACTIVE MILITARY PERSONNEL, VETERANS, AND THEIR FAMILIES ON A LOCAL LEVEL. WE PROVIDE RESOURCES TO NONPROFIT VETERAN'S SERVICE ORGANIZATIONS WHOSE PROGRAMS CONNECT VETERANS AND THEIR FAMILIES FACING HARDSHIPS TO AN ARRAY OF CRITICAL HUMAN SERVICES 2)YOUTH DEVELOPMENT: EMPOWERING OUR YOUTH TO BECOME COMPASSIONATE AND RESPONSIBLE MEMBERS OF SOCIETY. THE FUTURE DRIVERS OF CHANGE FOR THE DEVELOPMENT AND STABILITY OF OUR COUNTRY ARE TODAY'S YOUTH. WE SUPPORT LIFE-ENHANCING PROGRAMS THAT ENGAGE YOUTH WITHIN THEIR COMMUNITIES, SCHOOLS, SOCIAL GROUPS, AND FAMILIES, THAT ARE POSITIVE AND CONSTRUCTIVE TO THE DEVELOPMENT OF THEIR CHARACTER, AND ENABLE ALL YOUNG PEOPLE TO REACH THEIR FULL POTENTIAL. 3) HUMAN SERVICES: ENHANCING ACCESS TO BASIC NEEDS FOR UNDERSERVED INDIVIDUALS AND FAMILIES. HUMAN SERVICES STRIVES TO MEET BASIC HUMAN NEEDS BY FOCUSING ON PREVENTION AS WELL AS REMEDIATION OF PROBLEMS. WE ARE COMMITTED TO IMPROVING THE OVERALL QUALITY OF LIFE FOR INDIVIDUALS AND FAMILIES AT THEIR POINT OF MOST URGENT NEED. TO ACHIEVE THIS, WE ARE ENGAGED IN NUMEROUS INITIATIVES WITH NONPROFITS WHOSE PROGRAMS AND SERVICES WORK TO PREVENT OR END HOMELESSNESS.
EMPLOYEE ASSISTANCE FUND: FINANCE OF AMERICA COMPANIES TAKES PRIDE IN ITS STAFF - THEIR ENERGY AND SKILLS ARE KEY IN HELPING TO FULFILL OUR MISSION. WE RECOGNIZE THAT EMPLOYEES' MAY EXPERIENCE HARDSHIPS THAT REQUIRE EMERGENCY FINANCIAL ASSISTANCE. THE FINANCE OF AMERICA CARES EMPLOYEE ASSISTANCE FUND (EAF) IS A PROGRAM DESIGNED TO SUPPORT OUR VALUED STAFF IN TIMES OF UNEXPECTED FINANCIAL HARDSHIP. A MINIMUM OF 25 PERCENT OF ALL EMPLOYEE AND COMPANY CONTRIBUTIONS ARE ALLOCATED TOWARDS OUR EAF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Gillich President Until 10/15/2021 | OfficerTrustee | 10 | $0 |
Britany Luth President From 10/15/2021 | OfficerTrustee | 2 | $0 |
Sheron Dinnoo Secretary | OfficerTrustee | 5 | $0 |
Susan Lawyer Treasurer Until 10/15/2021 | OfficerTrustee | 10 | $0 |
Jessica Singueza Board Member Until 10/15/2021 | Trustee | 2 | $0 |
Marsjana Heimbuch Treasurer From 10/15/2021 | OfficerTrustee | 5 | $0 |
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 | $935,824 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $935,824 |
| Total Program Service Revenue | $2,859 |
| Investment income | $19 |
| 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 | $938,702 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $616,323 |
| Grants and other assistance to domestic individuals. | $77,273 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,038 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $804 |
| Payroll taxes | $1,067 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,594 |
| Advertising and promotion | $0 |
| Office expenses | $10,141 |
| Information technology | $7,734 |
| Royalties | $0 |
| Occupancy | $9,893 |
| Travel | $2,192 |
| 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 | $0 |
| Insurance | $1,258 |
| All other expenses | $0 |
| Total functional expenses | $754,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $818,171 |
| Savings and temporary cash investments | $40,038 |
| 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 | $3,135 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $861,344 |
| Accounts payable and accrued expenses | $10,000 |
| 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 | $10,000 |
| Net assets without donor restrictions | $851,344 |
| Net assets with donor restrictions | $0 |
| 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 | $861,344 |
Grants Awarded
Over the last fiscal year, Finance Of America Cares has awarded $155,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Taunton, MA PURPOSE: General Support | $12,750 |
Youngstown, OH PURPOSE: General Support | $8,000 |
Long Beach, CA PURPOSE: General Support | $7,500 |
Quakertown, PA PURPOSE: General Support | $7,500 |
Tulsa, OK PURPOSE: General Support | $7,500 |
Milford, DE PURPOSE: General Support | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Finance Of America Cares has recieved totaling $1,475.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,475 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Social Service Of The South Inc Austin, TX | $61,046,286 | $96,832,412 |
El Centro Del Barrio Inc San Antonio, TX | $91,252,083 | $101,246,096 |
Community Action Project Of Tulsa County Inc Tulsa, OK | $75,774,694 | $60,674,476 |
St Hope Foundation Inc Houston, TX | $24,463,545 | $68,716,621 |
South Plains Community Action Association Inc Levelland, TX | $29,457,762 | $62,394,779 |
Community Action Corporation Of South Texas Alice, TX | $17,286,971 | $61,888,354 |
Catholic Charities Of Dallas Inc Dallas, TX | $38,189,744 | $60,557,267 |
Goodwill Industries Of San Antonio Contract Services San Antonio, TX | $23,203,084 | $40,622,954 |
Texas Pregnancy Care Network Austin, TX | $10,724,863 | $36,961,915 |
West Texas Opportunities Lamesa, TX | $6,432,231 | $36,739,532 |
Catholic Charities Diocese Of Fort Worth Fort Worth, TX | $33,220,571 | $32,415,025 |
Louisiana United Methodist Children And Family Services Inc Ruston, LA | $89,566,145 | $35,567,717 |