Prodigal Son Foundation
- Assets
- $7.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 10
- Location
- Charlotte, NC
- Founding
- 03/2010
- Data as of
- 12/2023
- EIN
- 26-1085750
Organization Overview
Prodigal Son Foundation is located in Charlotte, NC. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2023, Prodigal Son Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prodigal Son 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 12/2023, Prodigal Son Foundation generated $116.0k 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 (9.5%) each year. All expenses for the organization totaled $105.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 8 years. 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
THE SUMMER PROGRAM IS EXTENSION OF THE OF THE AFTER SCHOOL ENRICHMENT PROGRAM PROVIDING EDUCATION ENTRICHMENT FOR SCHOLARS DURING THE SUMMER MONTHS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leroy Wray President | 0 | $0 | |
Shirley Arington Member | 0 | $0 | |
Morris Mcadoo Member | 0 | $0 | |
Lamont Lilly Member | 0 | $0 | |
Herb Sellers Member | 0 | $0 | |
Jamaal Livan Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,026 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $116,026 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $80,953 |
| Professional fees and other payments to independent contractors | $1,650 |
| Occupancy, rent, utilities, and maintenance | $3,579 |
| Printing, publications, postage, and shipping | $246 |
| Other expenses | $19,116 |
| Total expenses | $105,544 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,880 |
| Other assets | $0 |
| Total assets | $7,880 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,880 |