Family Promise Of The Lower Cape Fear Inc
- Assets
- $756.0k
- Revenue
- $795.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Wilmington, NC
- Founding
- 02/1996
- Data as of
- 12/2021
- EIN
- 56-1925967
Organization Overview
Family Promise Of The Lower Cape Fear Inc is located in Wilmington, NC. The organization was established in 1996. According to its NTEE Classification (X90) the organization is classified as: Interfaith Coalitions, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Family Promise Of The Lower Cape Fear Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Promise Of The Lower Cape Fear 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, Family Promise Of The Lower Cape Fear Inc generated $795.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $665.7k during the year ending 12/2021. While expenses have increased by 8.6% 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 ORGANIZATION PROVIDES CASE MANAGEMENT AND TRANSITIONAL HOUSING FOR VICTIMS OF DOMESTIC VIOLENCE AND EMERGENCY SHELTER TO HOMELESS FAMILIES WITH CHILDREN, WHILE SUPPLYING THEM WITH THE RESOURCES AND SKILLS VITAL TO REGAINING AND MAINTAINING FINANCIAL INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY PROMISE OF THE LOWER CAPE FEAR, INC. (FAMILY PROMISE) UNITES COMMUNITIES OF FAITH IN A COLLABORATIVE EFFORT TO ASSIST HOMELESS FAMILIES. HOMELESS FAMILIES ARE PROVIDED WITH EMERGENCY AND TRANSITIONAL SERVICES THAT ASSIST THEM IN REGAINING THEIR INDEPENDENCE. ON AVERAGE, FAMILY PROMISE ASSISTS 95 INDIVIDUALS AND 30 FAMILIES PER YEAR WHICH HAS INCLUDED UP TO 65 CHILDREN UNDER THE AGE OF 18. WITH THE ASSISTANCE OF FAMILY PROMISE AN AVERAGE OF 10 FAMILIES WILL SECURE PERMANENT HOUSING AND 10 FAMILIES WILL SECURE TRANSITIONAL OR SHARED HOUSING UPON EXITING THE FAMILY PROGRAM. OVER 50% OF INDIVIDUALS SERVED ARE VICTIMS OF DOMESTIC VIOLENCE. OUR PARTICIPANTS HAVE AN 89% SUCCESS RATE IN SECURING PERMANENT HOUSING. WITH ALL PROGRAMS INCLUDING SHELTER, TRANSITIONAL HOUSING, PREVENTION, DIVERSION, AND COMMUNITY SERVICE, FAMILY PROMISE WAS ABLE TO ASSIST 530 FAMILIES CONSISTING OF 2,675 INDIVIDUALS IN WHICH 1,939 WERE CHILDREN UNDER THE AGE OF 18 DURING 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Best Executive Director | Officer | 40 | $87,600 |
Tom Barth President | OfficerTrustee | 4 | $0 |
Billie Robinson Vice President | OfficerTrustee | 4 | $0 |
Laura Miller Treasurer | OfficerTrustee | 4 | $0 |
Holly Fauble Secretary | OfficerTrustee | 4 | $0 |
Clayton Black Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,435 |
| Related organizations | $0 |
| Government grants | $390,045 |
| All other contributions, gifts, grants, and similar amounts not included above | $352,974 |
| Noncash contributions included in lines 1a–1f | $270,742 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $750,454 |
| Total Program Service Revenue | $36,142 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,731 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $795,347 |
| 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. | $87,600 |
| Compensation of current officers, directors, key employees. | $6,132 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,971 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,934 |
| Payroll taxes | $11,791 |
| Fees for services: Management | $1,045 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,350 |
| 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 | $17,773 |
| Information technology | $7,226 |
| Royalties | $0 |
| Occupancy | $52,188 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,954 |
| Payments to affiliates | $3,237 |
| Depreciation, depletion, and amortization | $45,621 |
| Insurance | $18,808 |
| All other expenses | $6,834 |
| Total functional expenses | $665,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,062 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $31,310 |
| Accounts receivable, net | $7,166 |
| 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 | $686 |
| Net Land, buildings, and equipment | $662,752 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $755,976 |
| Accounts payable and accrued expenses | $11,081 |
| 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 | $481,628 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $492,709 |
| Net assets without donor restrictions | $244,767 |
| Net assets with donor restrictions | $18,500 |
| 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 | $755,976 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Family Promise Of The Lower Cape Fear Inc has recieved totaling $68,783.
| Awarding Organization | Amount |
|---|---|
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: HUMAN SERVICES | $42,650 |
United Way Of The Cape Fear Area Inc Wilmington, NC PURPOSE: General Support | $15,130 |
Family Promise Inc Summit, NJ PURPOSE: BELK POS GRANT/COVID-19 PREVENTION INNOVATION GRANT/INNOVATION TECHNOLOGY | $10,925 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $78 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Board Of Jewish Missions Inc Hixson, TN | $2,718,251 | $3,563,282 |
Inter-Faith Council For Social Service Carrboro, NC | $15,899,972 | $3,883,430 |
Freedom In Christ Inc Candler, NC | $5,188,211 | $4,960,348 |
Faith In Serving Humanity Inc Monroe, GA | $1,805,555 | $2,585,390 |
Fundamental Baptist World-Wide Mission Inc Memphis, TN | $211,852 | $2,147,963 |
Wilson County Interfaith Services Inc Wilson, NC | $1,151,971 | $1,372,066 |
Haiti180 Inc Gallatin, TN | $2,661,386 | $1,891,178 |
Irf Secretariat Arlington, VA | $57,504 | $973,336 |
Great Lakes Outreach Inc Charleston, SC | $542,547 | $839,976 |
No Greater Joy Ministries Inc Pleasantville, TN | $1,223,754 | $1,283,810 |
Virginia Interfaith Center For Public Policy Richmond, VA | $1,414,922 | $1,134,889 |
Missionary Air Group Inc Burlington, NC | $573,689 | $787,575 |