Tarboro Community Outreach Inc
- Assets
- $1.1m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Tarboro, NC
- Founding
- 09/1987
- Data as of
- 12/2021
- EIN
- 56-1557200
Organization Overview
Tarboro Community Outreach Inc is located in Tarboro, NC. The organization was established in 1987. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tarboro Community Outreach 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 12/2021, Tarboro Community Outreach Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 22.4% 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
TO PROVIDE FOR THE HOMELESS & ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERGENCY ASSISTANCE
HOMELESS SHELTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sister Mary Ann Czaja Exec. Director | Trustee | 40 | $23,678 |
Michael Peters Chairperson | OfficerTrustee | 0 | $0 |
William Aycock Secretary / Treasurer | OfficerTrustee | 0 | $0 |
Burton Holderness Vice-Chairperson | OfficerTrustee | 0 | $0 |
Barbara Lee Director | Trustee | 0 | $0 |
Ada Williams-Wooten Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $136,491 |
| Related organizations | $0 |
| Government grants | $49,330 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,491,110 |
| Noncash contributions included in lines 1a–1f | $41,822 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,676,931 |
| Total Program Service Revenue | $0 |
| Investment income | $23,445 |
| 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 | $2,703,888 |
| 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. | $23,678 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,134 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,717 |
| Payroll taxes | $6,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $67 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,117 |
| Travel | $1,052 |
| 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 | $15,073 |
| Insurance | $6,264 |
| All other expenses | $27,541 |
| Total functional expenses | $2,551,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,717 |
| Savings and temporary cash investments | $300,116 |
| 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 |
| Net Land, buildings, and equipment | $96,055 |
| Investments—publicly traded securities | $707,587 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,106,475 |
| Accounts payable and accrued expenses | $1,511 |
| 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 | $1,511 |
| Net assets without donor restrictions | $1,076,967 |
| Net assets with donor restrictions | $27,997 |
| 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 | $1,106,475 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tarboro Community Outreach Inc has recieved totaling $39,997.
| Awarding Organization | Amount |
|---|---|
The Society Of Saint Andrew Inc Big Island, VA PURPOSE: TO PROVIDE NOURISHMENT TO HUNGRY NEIGHBORS | $39,997 |
Endowment Analysis
| Beg. Balance | $560,265 |
| Earnings | $147,322 |
| Ending Balance | $707,587 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashville Rescue Mission Nashville, TN | $37,816,884 | $20,187,859 |
Forkids Inc Chesapeake, VA | $30,389,970 | $15,557,559 |
Eastern Carolina Homelessness Organization Inc Myrtle Beach, SC | $3,922,932 | $13,355,938 |
One-Eighty Place Charleston, SC | $19,059,150 | $17,424,004 |
New Hope Housing Inc Alexandria, VA | $4,724,081 | $13,222,867 |
The Next Door Nashville, TN | $9,790,699 | $10,091,124 |
24 7 Gateway Llc Atlanta, GA | $7,682,013 | $8,328,341 |
Partners For Home Inc Atlanta, GA | $5,368,701 | $9,349,512 |
Homeward Bound Of Western North Carolina Inc Asheville, NC | $7,613,383 | $7,947,393 |
Good Shepherd Ministries Of Wilmington Inc Wilmington, NC | $5,944,318 | $5,829,683 |
Caritas Richmond, VA | $20,735,460 | $5,144,634 |
Doorways For Women & Families Inc Arlington, VA | $11,264,979 | $7,983,956 |