Rapid Resource For Families Inc
- Assets
- $2.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 4
- Location
- New Bern, NC
- Founding
- 09/2010
- Data as of
- 12/2021
- EIN
- 27-1072166
Organization Overview
Rapid Resource For Families Inc is located in New Bern, NC. The organization was established in 2010. According to its NTEE Classification (P32) the organization is classified as: Foster Care, under the broad grouping of Human Services and related organizations. As of 12/2021, Rapid Resource For Families Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rapid Resource For Families 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 12/2021, Rapid Resource For Families Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $568.1k during the year ending 12/2021. While expenses have increased by 7.0% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTENSIVE ALTERNATIVE FAMILY TREATMENT PROGRAM - AIMED AT SERVING HIGH-RISK CHILDREN IN A FAMILY TYPE SETTING, THIS PROGRAM IS AN OPTION FOR CHILDREN WHO HAVE HAD DIFFICULTY WITH PREVIOUS TREATMENT OPTIONS AND WHO HAVE SIGNIFICANT BEHAVIORAL AND EMOTIONAL CHALLENGES OR ARE AT-RISK FOR HOSPITALIZATION OR GROUP HOME PLACEMENT.
THERAPEUTIC FOSTER CARE - TO CREATE A NETWORK OF CARE THAT ENSURES HIGH QUALITY, EVIDENCE BASED, OUTCOME DRIVEN SERVICES AND SUPPORTS. THE NETWORK SHALL ENSURE IMMEDIATE AND EASY ACCESS TO THE MOST APPROPRIATE SERVICE WITHIN THE NETWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danny Nolen CEO | 40 | $51,968 | |
Meredith Newman Executive Director | 40 | $24,000 | |
Calvin Craig Board Member | 1 | $0 | |
Tara Larson Board Chair | 1 | $0 | |
Rebecca Wheeler Board Member | 1 | $0 | |
Jim Jarrard Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| 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 | $1,184,622 |
| Total Revenue | $1,184,622 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,968 |
| Other employee salaries and wages | $168,940 |
| Pension plans, employee benefits | $40,949 |
| Interest | $0 |
| Taxes | $20,044 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $29,850 |
| Printing and publications | $0 |
| Other expenses | $185,508 |
| Total operating and administrative expenses | $568,062 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $568,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,617,282 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $175,350 |
| 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 | $9,380 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $83 |
| Total assets | $2,802,095 |
| Accounts payable and accrued expenses | $39,666 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $39,666 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Carolina Youth Advocate Program Inc Columbia, SC | $45,768,217 | $22,437,519 |
Faithbridge Foster Care Inc Alpharetta, GA | $1,803,240 | $7,652,118 |
Growing Home Southeast Inc Cayce, SC | $2,443,298 | $5,824,518 |
People Places Inc Staunton, VA | $8,658,654 | $6,115,001 |
Georgia Sheriffs Youth Homes Inc Madison, GA | $21,858,053 | $5,380,264 |
Youth Town Of Tennessee Inc Jackson, TN | $4,037,865 | $4,281,456 |
Community Connections Inc Stone Mountain, GA | $2,076,544 | $3,338,180 |
Foundations For Home And Community Inc Portsmouth, VA | $16,558,173 | $4,051,248 |
Childkind Inc Tucker, GA | $548,950 | $3,322,766 |
Family Preservation Community Services Columbia, SC | $7,382,668 | $2,864,738 |
Isaiah 117 House Elizabethton, TN | $10,749,953 | $8,404,030 |
Touchstone Residential Services Raleigh, NC | $671,682 | $1,845,600 |