Sparrows Nest Inc
- Assets
- $97.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 03/2004
- Data as of
- 12/2022
- EIN
- 56-2274692
Organization Overview
Sparrows Nest Inc is located in Greensboro, NC. The organization was established in 2004. According to its NTEE Classification (O23) the organization is classified as: Boys & Girls Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sparrows Nest 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 12/2022, Sparrows Nest Inc generated $182.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $122.3k during the year ending 12/2022. While expenses have increased by 19.4% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Matzinger Chairman | 2 | $0 | |
Dr Alvin Powell Vice Chairman | 2 | $0 | |
Carmela Jeffers Secretary Treasurer | 0.5 | $0 | |
Jane Russell Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,363 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $30,099 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $7,801 |
| Other Revenue | $0 |
| Total Revenue | $182,263 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $36,509 |
| Professional fees and other payments to independent contractors | $1,968 |
| Occupancy, rent, utilities, and maintenance | $2,250 |
| Printing, publications, postage, and shipping | $126 |
| Other expenses | $81,403 |
| Total expenses | $122,256 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $96,202 |
| Other assets | $0 |
| Total assets | $97,102 |
| Total liabilities | $0 |
| Net assets or fund balances | $97,102 |