Breaking Chains Inc
- Assets
- $269.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Beachwood, OH
- Founding
- 10/2009
- Data as of
- 12/2023
- EIN
- 45-0558933
Organization Overview
Breaking Chains Inc is located in Beachwood, OH. The organization was established in 2009. 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. Breaking Chains 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 12/2023, Breaking Chains Inc generated $172.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $94.9k during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 8 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
2023
Describe the Organization's Program Activity:
Part 3
WE EDUCATED OUR CLIENTS ABOUT UNDERSTANDING DEBT AND HOW TO MANAGE THEIR DEBT, UNDERSTAND HOW TO MAINTAIN A GOOD CREDIT RATING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline F Huggins Jones Executive Director | 40 | $15,692 | |
Deborah Campbell Secretary | 5 | $0 | |
James W Jones Director Of Community Engagement | 40 | $12,010 | |
Rev Chelton Flagan Board Member | 5 | $0 | |
Charles Britton Board President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $172,588 |
| 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 | $172,588 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $27,703 |
| Professional fees and other payments to independent contractors | $8,705 |
| Occupancy, rent, utilities, and maintenance | $20,074 |
| Printing, publications, postage, and shipping | $590 |
| Other expenses | $37,827 |
| Total expenses | $94,899 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $263,490 |
| Other assets | $0 |
| Total assets | $269,677 |
| Total liabilities | $1,271 |
| Net assets or fund balances | $268,406 |