Neighborhood Cooperative Ministries Inc
- Assets
- $5.4m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 13
- Location
- Norcross, GA
- Founding
- 06/1989
- Data as of
- 12/2022
- EIN
- 58-1792414
Organization Overview
Neighborhood Cooperative Ministries Inc is located in Norcross, GA. The organization was established in 1989. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Neighborhood Cooperative Ministries Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Cooperative Ministries 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, Neighborhood Cooperative Ministries Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 8.8% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MINISTRY IS A FAITH-BASED, NON-PROFIT ECUMENICAL MINISTRY DEDICATED TO PROVIDING EMERGENCY ASSISTANCE AND PROGRAMS TO CITIZENS OF NORCROSS, GA AND SURROUNDING AREAS.
Describe the Organization's Program Activity:
THE MINISTRY IS DEDICATED TO PROVIDING EMERGENCY ASSISTANCE TO FAMILIES BY PROVIDING FOOD, CLOTHING AND LIMITED FINANCIAL ASSISTANCE TO FAMILIES IN CRISIS. DURING THE YEAR ENDED 12/31/2022 THE MINISTRY SERVED 25,612 PEOPLE BY DISTRIBUTING 336,319 POUNDS OF FOOD AND 15,089 POUNDS OF CLOTHING AND 350 BOOK BAGS. IN ADDITION, 443 CHILDREN RECEIVED CHRISTMAS GIFTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley Cabe Executive Director | Officer | 40 | $85,000 |
Elizabeth Gross President | Trustee | 2 | $0 |
Tye Hanna Vice President | Trustee | 2 | $0 |
Beth Strickland Secretary | Trustee | 2 | $0 |
Darcy Copeland Treasurer | Trustee | 2 | $0 |
Lindsay Brereton Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $308,471 |
| Related organizations | $0 |
| Government grants | $341,338 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,362,739 |
| Noncash contributions included in lines 1a–1f | $521,743 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,012,548 |
| Total Program Service Revenue | $0 |
| Investment income | $16,332 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $74,506 |
| Net Gain/Loss on Asset Sales | -$9,661 |
| Net Income from Fundraising Events | -$38,618 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,091,107 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,619,799 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,665 |
| Compensation of current officers, directors, key employees. | $14,563 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $449,754 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,285 |
| Payroll taxes | $42,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,413 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $16,200 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,650 |
| Office expenses | $57,125 |
| Information technology | $2,250 |
| Royalties | $0 |
| Occupancy | $59,786 |
| Travel | $0 |
| 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 | $29,753 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,486,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,886 |
| Savings and temporary cash investments | $2,446,543 |
| Pledges and grants receivable | $201,301 |
| Accounts receivable, net | $7,052 |
| 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 | $70,203 |
| Net Land, buildings, and equipment | $2,011,300 |
| Investments—publicly traded securities | $429,587 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,382,872 |
| Accounts payable and accrued expenses | $12,041 |
| 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 | $68,011 |
| Total liabilities | $80,052 |
| Net assets without donor restrictions | $4,406,365 |
| Net assets with donor restrictions | $896,455 |
| 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 | $5,382,872 |