Cares Inc
- Assets
- $941.7k
- Revenue
- $341.6k
- Investments
- $335.5k
- Employees
- 7
- Location
- Petersburg, VA
- Founding
- 09/1983
- Data as of
- 06/2021
- EIN
- 52-1248949
Organization Overview
Cares Inc is located in Petersburg, VA. The organization was established in 1983. According to its NTEE Classification (P43) the organization is classified as: Family Violence Shelters, under the broad grouping of Human Services and related organizations. As of 06/2021, Cares Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cares 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 06/2021, Cares Inc generated $341.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $439.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.1%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CARES, INC. PROVIDES EMERGENCY FOOD, FUEL AND SHELTER TO TRANSIENTS AND HOMELESS FAMILIES OF DOMESTIC VIOLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARES, INC. PROVIDES EMERGENCY FOOD, FUEL AND SHELTER TO TRANSIENTS AND HOMELESS FAMILIES OF DOMESTIC VIOLENCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pastor Jonathan Dundalow Director | Trustee | 1 | $0 |
Vicky Lewis Ms Director | Trustee | 1 | $0 |
Leonard Muse Secretary | OfficerTrustee | 1 | $0 |
Rev Rob Dawson Director | Trustee | 1 | $0 |
Chequila Fields Chair | OfficerTrustee | 1 | $0 |
Juanita Epps Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $292,129 |
| Investment income | $23,971 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,533 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $341,633 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $215,141 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $128,193 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,857 |
| 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 | $49 |
| Advertising and promotion | $0 |
| Office expenses | $11,536 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,425 |
| 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 | $28,535 |
| Insurance | $11,651 |
| All other expenses | $0 |
| Total functional expenses | $439,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,438 |
| 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 |
| Investments—publicly traded securities | $306,331 |
| Investments—other securities | $335,457 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $941,695 |
| Accounts payable and accrued expenses | $10,892 |
| 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 | $109,795 |
| Total liabilities | $120,687 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $821,008 |