Operation Exodus-Inner City Inc
- Assets
- $1.4m
- Revenue
- $576.3k
- Investments
- $0.0
- Employees
- 22
- Location
- New York, NY
- Founding
- 02/1993
- Data as of
- 08/2023
- EIN
- 13-3600728
Organization Overview
Operation Exodus-Inner City Inc is located in New York, NY. The organization was established in 1993. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 08/2023, Operation Exodus-Inner City Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Operation Exodus-Inner City 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 08/2023, Operation Exodus-Inner City Inc generated $576.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $771.5k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL/EDUCATIONAL RESOURCES TO CHILDREN AND FAMILIES FOR A BETTER FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
- AFTER SCHOOL ACHIEVEMENT - PROVIDING CHILDREN, IN GRADES KINDERGARTEN THROUGH 12TH, WITH SKILLED TUTORS TO PROMOTE ACADEMIC ACHIEVEMENT, POSITIVE PEER RELATIONSHIPS, RESPONSIBILITY AND OWNERSHIP, COLLEGE ACCESS SUPPORT, AND CHALLENGES TO THE ADOLESCENT STATUS QUO.- SATURDAY MENTORING - ENCOURAGING FUTURE THINKING AND BUILDING TRANSFORMATIONAL RELATIONSHIPS BY PAIRING STUDENTS WITH VOLUNTEER MENTORS.- SUMMER ENRICHMENT - PROVIDING CHILDREN OPPORTUNITIES TO EXPERIENCE LEARNING IN THE SUMMER THROUGH HANDS-ON ACTIVITIES, FIELD TRIPS, GROUP PROJECTS, AND PHYSICAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Turley Chair | OfficerTrustee | 2 | $0 |
Phil Lee Vice-Chair | OfficerTrustee | 2 | $0 |
Geoffrey Davenport Treasurer | OfficerTrustee | 2 | $0 |
Jane Hyun Secretary | OfficerTrustee | 2 | $0 |
Chris Mowery-Bell Director | Trustee | 1 | $0 |
Lana Kim Director | Trustee | 1 | $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 | $567,646 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $567,646 |
| Total Program Service Revenue | $6,381 |
| Investment income | $2,259 |
| 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 | $576,286 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $36,364 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,092 |
| Compensation of current officers, directors, key employees. | $17,519 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $271,442 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,397 |
| Payroll taxes | $27,580 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $62,059 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,331 |
| Advertising and promotion | $0 |
| Office expenses | $29,073 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,453 |
| Travel | $0 |
| 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 | $29,463 |
| Insurance | $24,275 |
| All other expenses | $1,310 |
| Total functional expenses | $771,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,077 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,297 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,149,069 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,072 |
| Total assets | $1,444,515 |
| Accounts payable and accrued expenses | $53,167 |
| 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 | $620,538 |
| Other liabilities | $0 |
| Total liabilities | $673,705 |
| Net assets without donor restrictions | $770,810 |
| 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 | $1,444,515 |