I Care Inc
- Assets
- $593.4k
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 89
- Location
- Statesville, NC
- Founding
- 02/1967
- Data as of
- 04/2022
- EIN
- 56-0860841
Organization Overview
I Care Inc is located in Statesville, NC. The organization was established in 1967. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 04/2022, I Care Inc employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. I Care 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 04/2022, I Care Inc generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $3.9m during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (0.2%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENABLE AND ASSIST LOW-INCOME INDIVIDUALS AND FAMILIES TO ATTAIN SKILLS, KNOWLEDGE, MOTIVATION, AND OPPORTUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEAD START AND EARLY HEAD START PROGRAMS - THESE PROGRAMS OF THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES PROVIDES EDUCATIONAL, NUTRITION, AND SOCIAL SERVICES TO LOW-INCOME FAMILIES WITH CHILDREN TO HELP ENSURE THAT THE CHILDREN ARE READY TO START SCHOOL. HEAD START SERVES FAMILIES WITH CHILDREN THAT ARE THREE AND FOUR YEARS OF AGE AND EARLY HEAD START SERVES FAMILIES WITH CHILDREN THAT ARE UNDER THREE YEARS OF AGE.
THE WEATHERIZATION ASSISTANCE PROGRAM (WAP) WAS DESIGNED TO HELP CITIZENS WHO MEET FEDERAL LOW-INCOME GUIDELINES TO LOWER THEIR HOME ENERGY USAGE AND COSTS. AN ENERGY ASSESSMENT IS CONDUCTED TO IDENTIFY THE MOST COST-EFFECTIVE ENERGY IMPROVEMENTS FOR THE DWELLING. REPAIRS AND/OR REPLACEMENT OF INEFFICIENT HEATING AND AIR SYSTEMS ARE PERFORMED AT NO COST TO ELIGIBLE HOUSEHOLDS.
COMMUNITY SERVICES BLOCK GRANT - BUILDS OPPORTUNITES FOR SELF SUFFICIENCY THROUGH INTENSIVE CASE MANAGEMENT, GUIDANCE AND REFERRALS. LOW-INCOME ADULT INDIVIDUALS AND FAMILIES ARE AIDED IN BECOMING SELF-SUFFICIENT. ASSISTANCE AND TRAININGS AVAILABLE INCLUDE SUPPORTIVE SERVICES, FINANCIAL MANAGEMENT, JOB READINESS AND TRAINING, EDUCATIONAL ASSISTANCE, EMPLOYMENT ASSISTANCE AND HOUSING ASSISTANCE.
VARIOUS OTHER PROGRAMS THAT FOCUS PRIMARILY ON PROVIDING FOOD TO FAMILIES IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Duncan Executive Director | Officer | 40 | $124,625 |
Denise Miller Outoing Finance Director | Officer | 40 | $78,302 |
Reba Bowens Incoming Finance Director | Officer | 40 | $4,183 |
Scotty Moore Board Chair | OfficerTrustee | 0.5 | $0 |
Heather Griffin Board Vice-Chair | OfficerTrustee | 0.5 | $0 |
Michaell Ratchford Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Austin Company Sub-contractor Weatherization Services | 4/29/20 | $144,981 |
Central Systems Sub-contractor Weatherization Services | 4/29/20 | $102,502 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,714,660 |
| All other contributions, gifts, grants, and similar amounts not included above | $97,312 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,811,972 |
| Total Program Service Revenue | $1,500 |
| Investment income | $143 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,815,246 |
| 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. | $207,997 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,726,337 |
| Pension plan accruals and contributions | $38,580 |
| Other employee benefits | $325,232 |
| Payroll taxes | $143,657 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $680 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,199 |
| Office expenses | $51,578 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $115,898 |
| Travel | $30,220 |
| 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 | $29,037 |
| Insurance | $56,503 |
| All other expenses | $183,767 |
| Total functional expenses | $3,894,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,770 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $342,591 |
| Accounts receivable, net | $26,898 |
| 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 | $868 |
| Net Land, buildings, and equipment | $201,239 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $593,366 |
| Accounts payable and accrued expenses | $230,857 |
| Grants payable | $0 |
| Deferred revenue | $117,485 |
| 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 | $30,272 |
| Total liabilities | $378,614 |
| Net assets without donor restrictions | $214,752 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $593,366 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that I Care Inc has recieved totaling $71,174.
| Awarding Organization | Amount |
|---|---|
Iredell County Partnership For Young Children Statesville, NC PURPOSE: INSURANCE & BENEFITS FOR CHILDCARE WORKERS | $44,150 |
United Way Of Iredell County Inc Statesville, NC PURPOSE: GENERAL SUPPORT | $15,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $12,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Susan B Anthony List Inc Arlington, VA | $6,109,204 | $16,065,131 |
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
North Raleigh Christian Academy Raleigh, NC | $50,620,236 | $15,888,714 |
Seton Home Study School Front Royal, VA | $19,128,742 | $13,590,541 |
Instruction Partners Nashville, TN | $7,038,441 | $15,858,376 |
Centennial Place Academy Inc Atlanta, GA | $7,663,078 | $14,548,051 |
Read Foundation Memphis, TN | $15,946,000 | $13,611,845 |
Strategic Capacity Group Inc Mclean, VA | $1,824,045 | $10,738,430 |
Georgia School Boards Association Workers Compensation Fund Lawrenceville, GA | $82,470,003 | $15,076,432 |
Phoenix Counseling Center Mooresville, NC | $4,757,713 | $10,250,930 |
Nashville Christian Schools Inc Nashville, TN | $15,861,527 | $11,380,929 |
Global Entrepreneurship Network Inc Arlington, VA | $6,928,946 | $10,036,868 |