The Simple Way
- Assets
- $711.9k
- Revenue
- $958.3k
- Investments
- $0.0
- Employees
- 8
- Location
- Philadelphia, PA
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 23-2936437
Organization Overview
The Simple Way is located in Philadelphia, PA. The organization was established in 1998. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Simple Way employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simple Way 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, Simple Way generated $958.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.5% each year . All expenses for the organization totaled $841.0k during the year ending 12/2021. While expenses have increased by 15.5% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SIMPLE WAY IS TO CREATE, CONNECT, FORM, AND INSPIRE PEOPLE AND GROUPS TO SPREAD A MESSAGE TO LOVE GOD, LOVE PEOPLE, AND FOLLOW JESUS IN NEIGHBORHOODS AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE PROGRAMS - THE SIMPLE WAY PROVIDES SUPPORT TO INDIVIDUALS AND ORGANIZATIONS THROUGH VARIOUS PROGRAMS IN FURTHERANCE OF THE ORGANIZATION'S MISSION. THESE PROGRAMS INCLUDE: COMMUNITY SUPPORT IN THE KENSINGTON NEIGHBORHOOD OF PHILADELPHIA THROUGH FOOD DISTRIBUTION, LOW RENT HOUSING, NEIGHBORS EVENTS AND CELEBRATIONS, SCHOLARSHIP ASSISTANCE AND OTHER EMERGENCY SUPPORT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Tod-Pearson Executive Di | Officer | 35 | $14,700 |
Taehoo Lee Treasurer | OfficerTrustee | 1 | $0 |
Leroy Barber Chair | Trustee | 1 | $0 |
Coz Crosscombe Director | Trustee | 1 | $0 |
Ken Wytsma Former Direc | Trustee | 1 | $0 |
Shane Claiborne 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 | $889,824 |
| Noncash contributions included in lines 1a–1f | $508,117 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $889,824 |
| Total Program Service Revenue | $50,594 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $16,352 |
| 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 | $544 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $958,272 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,311 |
| Grants and other assistance to domestic individuals. | $3,394 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $14,700 |
| Compensation of current officers, directors, key employees. | $2,940 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,133 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,854 |
| Payroll taxes | $12,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,851 |
| Fees for services: Accounting | $520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,637 |
| Advertising and promotion | $1,071 |
| Office expenses | $8,296 |
| Information technology | $9,503 |
| Royalties | $0 |
| Occupancy | $9,936 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,489 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,405 |
| Insurance | $20,432 |
| All other expenses | $16,232 |
| Total functional expenses | $840,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $462,006 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,653 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,653 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $241,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $711,857 |
| Accounts payable and accrued expenses | $6,876 |
| 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 | $6,876 |
| Net assets without donor restrictions | $697,047 |
| Net assets with donor restrictions | $7,934 |
| 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 | $711,857 |
Grants Awarded
Over the last fiscal year, The Simple Way has awarded $29,505 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TABERNACLE UNITED CHURCH | | | $11,050 |
WEST KENSINGTON MINISTRIES | | | $10,955 |
CALVERY UMC | | | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Simple Way has recieved totaling $49,682.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $24,500 |
Leo And Peggy Pierce Family Foundation Inc Radnor, PA PURPOSE: ENTITY SUPPORT | $10,000 |
Millrace Foundation Tr Radnor, PA PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Spring Garden Soup Society Wayne, PA PURPOSE: FOOD SUPPLIES | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $182 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bronxworks Inc Bronx, NY | $54,602,777 | $94,783,683 |
Sheltering Arms Children And Family Services Inc New York, NY | $61,235,788 | $88,686,017 |
North Shore Community Services Inc Westbury, NY | $256,637,537 | $86,285,675 |
Catholic Charities Of The Diocese Of Rochester Rochester, NY | $80,143,075 | $94,807,036 |
Community Assistance Resources & Extended Services Inc New York, NY | $66,076,171 | $123,796,849 |
Jewish Child Care Association Of New York Brooklyn, NY | $129,020,546 | $88,573,003 |
Urban Resource Institute New York, NY | $63,202,447 | $74,244,658 |
Mount Sinai Health System Executive V P For Finance New York, NY | $0 | $70,946,441 |
Birch Family Services Inc New York, NY | $68,113,610 | $78,917,553 |
Talbert House Cincinnati, OH | $31,118,204 | $71,372,789 |
Catholic Charities Of The Roman Catholic Diocese Of Syracuse Ny Syracuse, NY | $64,792,131 | $74,096,320 |
Mary Haven Center Of Hope Port Jefferson, NY | $26,765,963 | $57,662,471 |