Association For Benevolent Care Inc
- Assets
- $3.5m
- Revenue
- $206.4k
- Investments
- $6.4k
- Employees
- 0
- Location
- Canton, OH
- Founding
- 12/1969
- Data as of
- 12/2022
- EIN
- 23-7026932
Organization Overview
Association For Benevolent Care Inc is located in Canton, OH. The organization was established in 1969. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association For Benevolent Care 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 12/2022, Association For Benevolent Care Inc generated $206.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $322.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BENEVOLENT CARE TO THE RESIDENTS OF CANTON CHRISTIAN HOME, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR LARGEST PROGRAM SERVICE ACCOMPLISHMENT IS TO PROVIDE SUPPORT TO CANTON CHRISTIAN HOME, INC., WHO SHARES OUR PURPOSE OF TAX-EXEMPTION BY PROVIDING HOUSING AND MEDICAL SERVICES TO THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Kerr Former Executive Director | Officer | 1 | $0 |
Heather Yoder Controller | Officer | 0.5 | $0 |
Robert Nickoson President | OfficerTrustee | 1 | $0 |
Don Gergley Vice President/asst Secretary | OfficerTrustee | 0.5 | $0 |
Ray Beal Secretary | OfficerTrustee | 0.5 | $0 |
Jim Miller Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,035 |
| Fundraising events | $950 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $231,107 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $236,092 |
| Total Program Service Revenue | $0 |
| Investment income | $39,554 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,405 |
| Net Gain/Loss on Asset Sales | -$106,960 |
| Net Income from Fundraising Events | $28,441 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $206,378 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $229,040 |
| Grants and other assistance to domestic individuals. | $1,824 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,657 |
| Compensation of current officers, directors, key employees. | $6,324 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,332 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,123 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,250 |
| Fees for services: Other | $0 |
| Advertising and promotion | $309 |
| Office expenses | $3,051 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $918 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,274 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $322,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,725 |
| Savings and temporary cash investments | $9,636 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,628,586 |
| 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 | $213 |
| Net Land, buildings, and equipment | $99,660 |
| Investments—publicly traded securities | $1,567,908 |
| Investments—other securities | $6,400 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75 |
| Total assets | $3,468,203 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $5,000 |
| 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 | $700 |
| Total liabilities | $5,700 |
| Net assets without donor restrictions | $3,462,503 |
| 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 | $3,468,203 |