Sipes Orchard Home
- Assets
- $7.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 51
- Location
- Conover, NC
- Founding
- 12/1946
- Data as of
- 06/2023
- EIN
- 56-0547524
Organization Overview
Sipes Orchard Home is located in Conover, NC. The organization was established in 1946. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2023, Sipes Orchard Home employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sipes Orchard Home 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 06/2023, Sipes Orchard Home generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SIPES ORCHARD HOME, INC'S MISSION IS TO PROVIDE A SAFE AND CARING PLACE FOR CHILDREN BY PROVIDING: BEFORE AND AFTER SCHOOL PROGRAMS, PRESCHOOL PROGRAM, PRE-K DAYCARE,SUMMER CAMP AND TRANSITIONAL LIVING FOR AT-RISK AND THE DISADVANTAGED YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A NC PRE-KINDERGARTEN DAYCARE PROGRAM FOR ECONOMICALLY CHALLENGED FAMILIES.
EDUCATIONAL SCHOLARSHIPS, DIETARY, MAINTENANCE & AGRICULTURAL ENTERPRISES
TO PROVIDE TRANSITIONAL LIVING FOR HOMELESS YOUNG ADULTS.
TO PROVIDE A SUMMER CAMP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Canerday Board Of Directors | Trustee | 0 | $0 |
Dave Roever Vice Chair | OfficerTrustee | 0 | $0 |
Danielle Tumblin Treasurer | OfficerTrustee | 0 | $0 |
Stephen Palmer Board Of Directors | Trustee | 0 | $0 |
Roger Young Board Of Directors | Trustee | 0 | $0 |
Doug Winders Board Chair | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $26,835 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $504,914 |
| Noncash contributions included in lines 1a–1f | $21,263 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $531,749 |
| Total Program Service Revenue | $1,105,026 |
| Investment income | $57,554 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $42,473 |
| Net Gain/Loss on Asset Sales | -$571,867 |
| Net Income from Fundraising Events | $29,038 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,210,419 |
| 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. | $116,953 |
| Compensation of current officers, directors, key employees. | $116,953 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,107,142 |
| Pension plan accruals and contributions | $16,868 |
| Other employee benefits | $12,065 |
| Payroll taxes | $100,374 |
| Fees for services: Management | $25 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,756 |
| Advertising and promotion | $0 |
| Office expenses | $20,643 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,867 |
| Travel | $5,355 |
| 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 | $179,150 |
| Insurance | $63,589 |
| All other expenses | $136,191 |
| Total functional expenses | $2,120,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $608,054 |
| Pledges and grants receivable | $35,750 |
| Accounts receivable, net | $101,910 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,450 |
| Prepaid expenses and deferred charges | $40,017 |
| Net Land, buildings, and equipment | $2,665,639 |
| Investments—publicly traded securities | $2,296,074 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,028,243 |
| Total assets | $7,777,637 |
| Accounts payable and accrued expenses | $57,739 |
| 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 | $0 |
| Total liabilities | $57,739 |
| Net assets without donor restrictions | $4,829,868 |
| Net assets with donor restrictions | $2,890,030 |
| 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 | $7,777,637 |