Friends Of Ofcb
- Assets
- $206.3k
- Revenue
- $404.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 08/2010
- Data as of
- 08/2022
- EIN
- 27-3064948
Organization Overview
Friends Of Ofcb is located in Charlotte, NC. The organization was established in 2010. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Ofcb 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 08/2022, Friends Of Ofcb generated $404.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $367.0k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 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 SUPPORT OFCB MINISTRIES BY POOLING COLLECTIVE TALENT AND RESOURCES TO PROVIDE ASSISTANCE FOR EDUCATION, EMERGENCY RELIEF, AND CAPITAL PROJECTS ASSOCIATED WITH THESE. THE ORGANIZATION WORKS TO RECRUIT NEW MEMBER CHURCHES, HELPS TO EDUCATE ON ISSUES OF POVERTY IN HAITI, AND HELPS TO SUPPORT THE LEADERSHIP OF OFCB MINISTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING OF OFCB SCHOOL AND ADMINISTRATION: DURING THE YEAR, FRIENDS OF OFCB RAISED FUNDS IN THE UNITED STATES BOTH FROM CHURCHES AND INDIVIDUALS TO SUPPORT THE SCHOOL MINISTRY OF OFCB IN BAYONNAIS, HAITI. DURING THE FISCAL YEAR OFCB PROVIDED EDUCATION AND ONE MEAL TO EACH OF THE APPROXIMATE 2,350 STUDENTS ATTENDING SCHOOL. FUNDS RAISED BY FRIENDS HELP WITH THE ADMINISTRATIVE, TEACHING AND LOGISTICAL COSTS OF THE SCHOOL.
FUNDING OF OFCB SCHOOL AND ADMINISTRATION: DURING THE YEAR, FRIENDS OF OFCB RAISED FUNDS IN THE UNITED STATES BOTH FROM CHURCHES AND INDIVIDUALS TO SUPPORT THE SCHOOL MINISTRY OF OFCB IN BAYONNAIS, HAITI. DURING THE FISCAL YEAR OFCB PROVIDED EDUCATION AND ONE MEAL TO EACH OF THE APPROXIMATE 2,350 STUDENTS ATTENDING SCHOOL. FUNDS RAISED BY FRIENDS HELP WITH THE ADMINISTRATIVE, TEACHING AND LOGISTICAL COSTS OF THE SCHOOL.
FUNDING OF CLINIC OPERATIONS IN BAYONNAIS, HAITI: DURING THE YEAR FOFCB SUPPORTED THE LOCAL CLINIC IN BAYONNAIS WITH FUNDS TO PROVIDE PARTIAL SALARIES FOR A DOCTOR, NURSES, A DENTIST AND LAB TECHNICIAN, SUPPLIES FOR THE CLINIC, ADMINISTRATIVE COSTS, AND OPERATIONS. HEALTHCARE IS PROVIDED TO THE LOCAL COMMUNITY FOR EMERGENCY NEEDS, GENERAL NEEDS AND MATERNITY PROGRAMS. THE FUNDING ALSO ALLOWS FOR CLINICS IN THE GREATER BAYONNAIS AREA WHEN THE DOCTOR AND STAFF VISIT OTHER COMMUNITIES IN THE REGION.
FUNDING OF CLINIC OPERATIONS IN BAYONNAIS, HAITI: DURING THE YEAR FOFCB SUPPORTED THE LOCAL CLINIC IN BAYONNAIS WITH FUNDS TO PROVIDE PARTIAL SALARIES FOR A DOCTOR, NURSES, A DENTIST AND LAB TECHNICIAN, SUPPLIES FOR THE CLINIC, ADMINISTRATIVE COSTS, AND OPERATIONS. HEALTHCARE IS PROVIDED TO THE LOCAL COMMUNITY FOR EMERGENCY NEEDS, GENERAL NEEDS AND MATERNITY PROGRAMS. THE FUNDING ALSO ALLOWS FOR CLINICS IN THE GREATER BAYONNAIS AREA WHEN THE DOCTOR AND STAFF VISIT OTHER COMMUNITIES IN THE REGION.
FUNDING OF AGRONOMY MINISTRY: THE AGRONOMY PROGRAM PROFILES FUNDS FOR OFCB'S AGRONOMY PROGRAMS WHICH PROVIDE TRAINING IN AGRONOMY IN THE LOCAL COMMUNITY, SEEDS TO THE COMMUNITY AND VEGETABLES/PRODUCE WHICH IS SOLD IN THE LOCAL MARKET. FUNDS RAISED FROM THESE EFFORTS HELP SUPPORT THE BROADER OFCB MINISTRY. ADDITIONALLY, CHICKENS ARE RAISED AS BOTH LAYERS AND BROILERS TO PROVIDE
FUNDING OF AGRONOMY MINISTRY: THE AGRONOMY PROGRAM PROFILES FUNDS FOR OFCB'S AGRONOMY PROGRAMS WHICH PROVIDE TRAINING IN AGRONOMY IN THE LOCAL COMMUNITY, SEEDS TO THE COMMUNITY AND VEGETABLES/PRODUCE WHICH IS SOLD IN THE LOCAL MARKET. FUNDS RAISED FROM THESE EFFORTS HELP SUPPORT THE BROADER OFCB MINISTRY. ADDITIONALLY, CHICKENS ARE RAISED AS BOTH LAYERS AND BROILERS TO PROVIDE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Cope Treasurer | OfficerTrustee | 3 | $0 |
Robert Brownlee Director | Trustee | 3 | $0 |
Kent Buzard Director | Trustee | 3 | $0 |
Judy Nichols Director | Trustee | 3 | $0 |
Steve Breckenridge Finance Chair | OfficerTrustee | 3 | $0 |
David Mashburn Director | Trustee | 3 | $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 | $404,686 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $404,686 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $404,686 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $360,021 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,680 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,784 |
| All other expenses | $0 |
| Total functional expenses | $366,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,271 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $206,271 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $72,110 |
| Net assets with donor restrictions | $134,161 |
| 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 | $206,271 |