Inter-Faith Council For Social Service
- Assets
- $15.3m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 56
- Location
- Carrboro, NC
- Founding
- 11/1970
- Data as of
- 06/2022
- EIN
- 59-1224041
Organization Overview
Inter-Faith Council For Social Service is located in Carrboro, NC. The organization was established in 1970. 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 06/2022, Inter-Faith Council For Social Service employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inter-Faith Council For Social Service 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 06/2022, Inter-Faith Council For Social Service generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $2.8m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONFRONT THE CAUSES AND RESPOND TO THE EFFECTS OF POVERTY IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IFC OFFERS DIRECT, TANGIBLE SUPPORT TO FAMILIES AND INDIVIDUALS WHO ARE UNABLE TO MEET BASIC NEEDS DUE TO POVERTY OR CRISIS, AND AS A RESULT MAY BE HOMELESS, FOOD INSECURE, AND/OR LACKING A NATURAL SUPPORT SYSTEM. IFC ALSO CONFRONTS THE CAUSES OF POVERTY AND PROMOTES LONG-TERM CHANGE THROUGH ADVOCACY, COMMUNITY BUILDING, LEADERSHIP DEVELOPMENT, AND PARTICIPATION IN THE DEMOCRATIC PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Miller Treasurer | OfficerTrustee | 0.5 | $0 |
Vicky Kim Chair | OfficerTrustee | 4 | $0 |
Tom Bond Director | Trustee | 2 | $0 |
Ronald Carnes Director | Trustee | 0.5 | $0 |
Mariela Hernandez Director | Trustee | 0.5 | $0 |
Tom Fenn Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,228,229 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,765,131 |
| Noncash contributions included in lines 1a–1f | $27,978 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,993,360 |
| Total Program Service Revenue | $0 |
| Investment income | $2,733 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $204,828 |
| Net Income from Fundraising Events | $3,521 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,205,547 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $402,128 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $226,049 |
| Compensation of current officers, directors, key employees. | $20,344 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $963,204 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $238,205 |
| Payroll taxes | $65,670 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $900 |
| Fees for services: Accounting | $54,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,149 |
| Fees for services: Other | $76,855 |
| Advertising and promotion | $15,332 |
| Office expenses | $16,747 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $180,511 |
| Travel | $12,381 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,666 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $268,921 |
| Insurance | $4,534 |
| All other expenses | $0 |
| Total functional expenses | $2,820,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $721,773 |
| Savings and temporary cash investments | $1,532,450 |
| Pledges and grants receivable | $446,150 |
| 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 | $46,971 |
| Net Land, buildings, and equipment | $9,874,553 |
| Investments—publicly traded securities | $2,553,760 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150,698 |
| Total assets | $15,326,355 |
| Accounts payable and accrued expenses | $107,618 |
| 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 | $702,356 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $809,974 |
| Net assets without donor restrictions | $6,871,170 |
| Net assets with donor restrictions | $7,645,211 |
| 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 | $15,326,355 |