Goremont Inc
- Assets
- $305.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tabor City, NC
- Founding
- 10/2003
- Data as of
- 06/2024
- EIN
- 30-0177961
Organization Overview
Goremont Inc is located in Tabor City, NC. The organization was established in 2003. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, 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. Goremont 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 06/2024, Goremont Inc generated $47.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $52.5k during the year ending 06/2024. While expenses have increased by 4.7% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
GOREMONT, INC. PROVIDES HOUSING TO RESIDENTS IN THE TABOR CITY, NC AREA. THE RESIDENTS ARE MENTALLY DISABLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Foskey Chairman | 0 | $0 | |
Bobby Britt Director | 0 | $0 | |
Rev Jimmy F Cummings Treasurer | 0 | $0 | |
Darlene Jacobs Secretary | 0 | $0 | |
Rev Bob Mangum Director | 0 | $0 | |
Linda Johnson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,000 |
| Total Program Service Revenue | $29,570 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $47,570 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $2,684 |
| Professional fees and other payments to independent contractors | $2,757 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $47,090 |
| Total expenses | $52,531 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,735 |
| Other assets | $0 |
| Total assets | $305,010 |
| Total liabilities | $1,274 |
| Net assets or fund balances | $303,736 |