Floor Covering Industry Foundation
- Assets
- $3.2m
- Revenue
- $1.1m
- Investments
- $146.6k
- Employees
- 0
- Location
- Dalton, GA
- Founding
- 03/1982
- Data as of
- 12/2021
- EIN
- 52-1238188
Organization Overview
Floor Covering Industry Foundation is located in Dalton, GA. The organization was established in 1982. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, 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. Floor Covering Industry Foundation 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, Floor Covering Industry Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $807.8k during the year ending 12/2021. While expenses have increased by 10.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FLOOR COVERING INDUSTRY FOUNDATION IS A NON-PROFIT ORGANIZATION THAT PROVIDES CATASTROPHIC MEDICAL ASSISTANCE FOR THOSE WHO ARE OR HAVE BEEN AFFILIATED WITH THE FLOOR COVERING INDUSTRY WHO EXPERIENCE ILLNESSES, SEVERE DISABILITIES, OR OTHER LIFE-ALTERING HARDSHIPS BY PROVIDING FINANCIAL GRANTS FOR MEDICAL CARE, HOUSING, AND BASIC NEEDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FLOOR COVERING INDUSTRY FOUNDATION IS A NON-PROFIT ORGANIZATION THAT PROVIDES CATASTROPHIC MEDICAL ASSISTANCE FOR THOSE WHO ARE OR HAVE BEEN AFFILIATED WITH THE FLOOR COVERING INDUSTRY WHO EXPERIENCE ILLNESSES, SEVERE DISABILITIES, OR OTHER LIFE-ALTERING HARDSHIPS BY PROVIDING FINANCIAL GRANTS FOR MEDICAL CARE, HOUSING, AND BASIC NEEDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlie Dilks Chairman Of Board | OfficerTrustee | 3 | $0 |
Scott Humphrey Vice-Chair | OfficerTrustee | 2 | $0 |
Keith Campbell Treasurer | OfficerTrustee | 1 | $0 |
Piet Dossche Secretary | OfficerTrustee | 1 | $0 |
Andrea Blackbourn Executive Director | Officer | 40 | $0 |
Howard Brodsky Nominating Chair | Trustee | 1 | $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 | $712,540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $712,540 |
| Total Program Service Revenue | $0 |
| Investment income | $87,524 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,396 |
| Net Income from Fundraising Events | $265,370 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,076,830 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $558,452 |
| 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 | $192,818 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,017 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,894 |
| Office expenses | $2,282 |
| Information technology | $1,419 |
| Royalties | $0 |
| Occupancy | $3,189 |
| Travel | $8,876 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $258 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $468 |
| Insurance | $924 |
| All other expenses | $0 |
| Total functional expenses | $807,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,135 |
| Savings and temporary cash investments | $142,706 |
| Pledges and grants receivable | $169,817 |
| 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 | $1,063 |
| Investments—publicly traded securities | $2,426,122 |
| Investments—other securities | $146,621 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,171,464 |
| Accounts payable and accrued expenses | $34,956 |
| Grants payable | $95,200 |
| 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 | $130,156 |
| Net assets without donor restrictions | $2,686,808 |
| Net assets with donor restrictions | $354,500 |
| 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 | $3,171,464 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Floor Covering Industry Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Pfs Shared Blessings Foundation Fort Worth, TX PURPOSE: FOR ASSISTANCETO INDIGENTFAMILIES | $10,000 |
Endowment Analysis
| Beg. Balance | $513,675 |
| Ending Balance | $513,675 |
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