Higher Calling Foundation Inc
- Assets
- $685.6k
- Revenue
- $908.9k
- Investments
- $0.0
- Employees
- 19
- Location
- Decatur, GA
- Founding
- 02/1995
- Data as of
- 12/2023
- EIN
- 58-2103318
Organization Overview
Higher Calling Foundation Inc is located in Decatur, GA. The organization was established in 1995. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Higher Calling Foundation Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Higher Calling Foundation 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 12/2023, Higher Calling Foundation Inc generated $908.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $713.3k during the year ending 12/2023. While expenses have increased by 6.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO ESTABLISH A NETWORK OF RESOURCES THAT PROVIDES PRACTICAL TOOLS THAT WILL EMPOWER OTHERS TO LIVE VICTORIOUSLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHER CALLING FOUNDATION DEDICATED ITSELF TO THE COMMUNITYS WELL-BEING. THEIR EFFORTS FORCUSED ON THREE KEY AREAS: HEALTH, EDUCATION AND FINANCIAL DEVELOPMENT. THESE PILLARS ADDRESS THE HOLISTIC NEEDS OF OUR COMMUNITY TO ENSURE A BRIGHTER FUTURE FOR ALL. *INVESTING IN THE FUTURE: THE BOD CONTRIBUTED FINANCIALLY AND ORGANIZED FUNDRAISING EVENTS TO ADDRESS FUTURE NEEDS FOR THE COMMUNITY. *APPRECIATING EDUCATORS-THE FOUNDATION PARTNERED WITH LOCAL SCHOOLS TO ACKNOWLEDGE THE HARD WORK AND DEDICATION OF THE TEACHERS AND STAFF. *NUTURING YOUNG LEADERS:THE ACADEMY SERVES CHILDREN FROM 6 WEEKS TO 12 YEARS OLD. THIS EXEMPLIFIES THE COMMUNITYS COMMITMENT TO FOSTERING THE NEXT GENERATION OF LEADERS. THE COMMUNITY IS ENGAGED IN VARIOUS EVENTS THROUGHOUT THE YEAR. -IN PARTNERSHIP WITH THE ATLANTA COMM FOOD BANK, HCF FOODBANK PROGRAM IS DEDICATED TO FIGHTING HUNGER IN THE DECATUR AND GREATER ATLANTA AREA. THEY DISTRIBUTE FOOD TWICE A MONTH TO ENSURE CONSISTENT ACCESS TO NUTRITIOUS MEALS FOR COMMUNITY MEMBERS. IN 2023 HCF SERVED 2,915 HOUSEHOLDS COMPRISING CHILDREN, SENIORS, AND OTHER ADULTS AND DISTRIBUTED 122,760 POUNDS OF FOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Izard Chairman Of The Board | Officer | 8.5 | $0 |
H V Castilla Member | Trustee | 0.25 | $0 |
Dr Kristopher Smith Chief Financial Officer | Officer | 0.5 | $0 |
Mrs Wanda Turnipseed Secretary | Officer | 5 | $0 |
Dr Glen Spencer Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,735 |
| Related organizations | $0 |
| Government grants | $78,705 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $214,540 |
| Total Program Service Revenue | $684,109 |
| Investment income | $9,523 |
| 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 | $908,862 |
| 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. | $52,464 |
| Compensation of current officers, directors, key employees. | $44,594 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $276,869 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,504 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,351 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $443 |
| Office expenses | $4,703 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,941 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,374 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,055 |
| Insurance | $15,781 |
| All other expenses | $86,057 |
| Total functional expenses | $713,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $576,478 |
| Savings and temporary cash investments | $39,436 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,700 |
| 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 | $67,954 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $685,568 |
| Accounts payable and accrued expenses | $0 |
| 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 | $365,274 |
| Other liabilities | $0 |
| Total liabilities | $365,274 |
| Net assets without donor restrictions | $213,610 |
| Net assets with donor restrictions | $106,684 |
| 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 | $685,568 |