Asset Building Coalition Of Forsyth County
- Assets
- $336.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Winston Salem, NC
- Founding
- Data as of
- 06/2023
- EIN
- 84-3789397
Organization Overview
Asset Building Coalition Of Forsyth County is located in Winston Salem, NC. 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. Asset Building Coalition Of Forsyth County 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 06/2023, Asset Building Coalition Of Forsyth County generated $107.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (46.3%) each year. All expenses for the organization totaled $247.1k during the year ending 06/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
TO SUPPORT STRATEGIC LOCAL INITIATIVES DESIGNED WITH AND FOR INDIVIDUALS, FAMILIES, AND THE OVERALL COMMUNITY AFFECTED BY ASSET POVERTY AND FIND SYSTEMIC SOLUTIONS TO BECOME FINANCIALLY STABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vivian Perez Chandler Executive Director | 40 | $79,986 | |
Adam Hill Board Chair | 2 | $0 | |
Maegan Gomez Vice Chair | 2 | $506 | |
Daniel Kornelis Immediate Past Chair | 2 | $0 | |
Calan Charlton Treasurer | 2 | $0 | |
Charlie Gardner Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,890 |
| Total Program Service Revenue | $0 |
| Membership dues | $613 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $107,503 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $81,766 |
| Professional fees and other payments to independent contractors | $9,984 |
| Occupancy, rent, utilities, and maintenance | $2,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $153,384 |
| Total expenses | $247,134 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $336,039 |
| Other assets | $0 |
| Total assets | $336,089 |
| Total liabilities | $38,660 |
| Net assets or fund balances | $297,429 |