Initiatives Of Change Inc
- Assets
- $6.1m
- Revenue
- $446.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Richmond, VA
- Founding
- 10/1941
- Data as of
- 12/2022
- EIN
- 38-1606320
Organization Overview
Initiatives Of Change Inc is located in Richmond, VA. The organization was established in 1941. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Initiatives Of Change Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Initiatives Of Change 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, Initiatives Of Change Inc generated $446.3k 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 (6.8%) each year. All expenses for the organization totaled $672.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.6%) 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL PROGRAM: PROVIDED LEADERSHIP OR PARTICIPATION AT INTERNATIONAL CONFERENCES OF PHILOSOPHICALLY RELATED INDIVIDUALS AND CORPORATIONS, CONDUCTING SEMINARS RELATED TO CONFLICT RESOLUTION AND DEVELOPMENT OF LIFE CHANGING SKILLS.
DESIGNATED INITIATIVES: 2022 ACHIEVEMENTS INCLUDED FACILITATION OF SEMINARS, WORKSHOPS AND COMMUNITY DIALOGUES WHICH TAUGHT SKILLS IN DIALOGUE, CONFLICT TRANSFORMATION AND RECONCILIATION.NATIONAL PROGRAM: 2022 ACHIEVEMENTS INCLUDED REGIONAL ACTIVITIES WHICH TRAINED AND DEVELOPED LIFE CHANGING SKILLS TO FURTHER THE PRINCIPLES OF THE ORGANIZATIONS, OPERATION OF FACILITIES, INCLUDING WORKSHOPS/SEMINARS BY EMPLOYEES AND VOLUNTEER WORKERS.TOTAL NUMBER OF PARTICIPANTS WAS 940.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Sheehan Director | Trustee | 5 | $0 |
E Terri Lavelle Director | Trustee | 5 | $0 |
Breon Wells Director | Trustee | 5 | $0 |
William Hamilton President | OfficerTrustee | 10 | $0 |
Valerie A Lemmie Treasurer | OfficerTrustee | 10 | $0 |
Jeremy A Pearce Secretary | OfficerTrustee | 5 | $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 | $343,306 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $343,306 |
| Total Program Service Revenue | $1,305 |
| Investment income | $129,569 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$27,947 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $446,298 |
| 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 | $0 |
| 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 | $249,031 |
| Pension plan accruals and contributions | $10,741 |
| Other employee benefits | $22,678 |
| Payroll taxes | $21,608 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $76,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,988 |
| Travel | $2,223 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,069 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,018 |
| Insurance | $5,906 |
| All other expenses | $0 |
| Total functional expenses | $672,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,412 |
| Savings and temporary cash investments | $263,603 |
| 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 | $8,068 |
| Net Land, buildings, and equipment | $115,055 |
| Investments—publicly traded securities | $5,468,970 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,500 |
| Total assets | $6,100,608 |
| Accounts payable and accrued expenses | $254,420 |
| Grants payable | $0 |
| Deferred revenue | $127,073 |
| 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 | $381,493 |
| Net assets without donor restrictions | $4,942,038 |
| Net assets with donor restrictions | $777,077 |
| 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 | $6,100,608 |