Companion Foundation
- Assets
- $24.0m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 04/2007
- Data as of
- 12/2021
- EIN
- 20-3050085
Organization Overview
Companion Foundation is located in Charleston, SC. The organization was established in 2007. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Companion Foundation 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, Companion Foundation generated $5.3m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $5.8m during the year ending 12/2021. While expenses have increased by 4.8% per year over the past 3 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL AND MENTORING PROGRAMS INCLUDING - RAISE UP AND MUSIC FOR LIFE
AFFORDABLE HOUSING - SERVED OVER 400 FAMILIES IN 2021
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Jones President | 3 | $0 | |
Allyson Thornton Program Director | 20 | $45,708 | |
Erin Jones Smith Director | 0.5 | $0 | |
Teresa Jones Directory | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,187,012 |
| Total Revenue | $5,287,012 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $213,784 |
| Other employee salaries and wages | $396,284 |
| Pension plans, employee benefits | $112,315 |
| Interest | $1,793,465 |
| Taxes | $50,450 |
| Depreciation | $971,569 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $27,959 |
| Printing and publications | $0 |
| Other expenses | $2,148,856 |
| Total operating and administrative expenses | $5,766,995 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $5,766,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,538 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $13,793 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $282,225 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $7,149,676 |
| Other assets | $16,261,314 |
| Total assets | $23,966,546 |
| Accounts payable and accrued expenses | $1,948,943 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $10,964,252 |
| Other liabilities | $68,457 |
| Total liabilities | $12,981,652 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Big Canoe Property Owners Association Inc And Subsidiary Big Canoe, GA | $48,180,026 | $19,159,834 |
Jerusalem House Inc Atlanta, GA | $4,358,598 | $7,877,090 |
American Opportunity Foundation Atlanta, GA | $34,585,201 | $5,667,158 |
Recovery Place Community Services Inc Savannah, GA | $2,985,458 | $7,587,530 |
Enable Of Georgia Inc Atlanta, GA | $1,473,747 | $7,388,233 |
Habitat For Humanity International Inc Wilmington, NC | $16,885,274 | $7,269,123 |
Atlanta Neighborhood Development Partnership Inc Atlanta, GA | $68,577,234 | $9,513,870 |
Housing Economic Reinvestment Opportunities Inc Macon, GA | $21,751,441 | $5,680,420 |
Habitat For Humanity International Inc Asheville, NC | $26,384,474 | $7,127,520 |
Habitat For Humanity International Inc Winstonsalem, NC | $12,123,144 | $5,823,081 |
Casa Raleigh, NC | $35,465,798 | $9,943,416 |
Companion Foundation Charleston, SC | $23,966,546 | $5,287,012 |