Beloved Asheville

Organization Overview

Beloved Asheville is located in Asheville, NC. The organization was established in 2019. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Beloved Asheville employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beloved Asheville 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 12/2023, Beloved Asheville generated $1.8m in total revenue. All expenses for the organization totaled $478.0k during the year ending 12/2023. While expenses have increased by 116.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF BELOVED ASHEVILLE IS TO CULTIVATE A TRANSFORMATIONAL WAY OF LIFE ROOTED IN COMMUNITY, CREATIVITY, AND EQUITY. WE BRING TOGETHER PEOPLE FROM ALL WALKS OF LIFE TO CREATE INNOVATIVE SOLUTIONS TO SOME OF THE TOUGHEST CHALLENGES THAT OUR CITY, REGION, AND WORLD FACE: RACISM AND SYSTEMIC INEQUITIES, HOUSING AND FOOD INSECURITY, POVERTY, AND HEALTHCARE INEQUALITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE CHARITABLE SUPPORT TO THE VULNERABLE POPULATION IN THE COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Amy Cantrell
Director
$18,000
Adrienne Sigmon
Director
$18,000
Marcus Davis
Director
$0
Brian Haynes
Director
$0
Lucia White
Director
$0
Michelle Capell
President
$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$1,787,079
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,787,079
Total Program Service Revenue$0
Investment income $5
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 $1,787,084

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