Family Resource Agency Inc
- Assets
- $3.5m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 244
- Location
- Cleveland, TN
- Founding
- 02/1997
- Data as of
- 12/2023
- EIN
- 62-0876593
Organization Overview
Family Resource Agency Inc is located in Cleveland, TN. The organization was established in 1997. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Family Resource Agency Inc employed 244 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Family Resource Agency 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, Family Resource Agency Inc generated $9.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $9.3m during the year ending 12/2023. While expenses have increased by 1.6% per year over the past 9 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
TO SERVE FAMILIES, CHILDREN AND ADULTS IN WAYS THAT IMPROVE THEIR QUALITY OF LIFE AND ENABLE THEM TO BECOME MORE SELF-SUFFICIENT, PRODUCTIVE MEMBERS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A HEAD START PROGRAM AND PRE-K SERVICES
OPERATION OF A FAMILY VIOLENCE SHELTER AND PROVIDE SERVICES RELATED TO DOMESTIC ABUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Bacon CEO | Officer | 20 | $90,678 |
Joe Adams Fiscal Dir | Officer | 20 | $86,754 |
Catthy Allshouse Director | Trustee | 1 | $0 |
Jordan Barto Director | Trustee | 1 | $0 |
Rachel Bennett Director | Trustee | 1 | $0 |
Kelly Browand Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Triple E Construction Construction | 12/30/22 | $226,050 |
Glenn Elrod A To Z Construction Construction | 12/30/22 | $110,108 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $122,669 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,931,062 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,451 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,096,182 |
| Total Program Service Revenue | $27,646 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $318,272 |
| Net Income from Fundraising Events | $6,670 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,461,937 |
| 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. | $177,432 |
| Compensation of current officers, directors, key employees. | $177,432 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,658,074 |
| Pension plan accruals and contributions | $235,425 |
| Other employee benefits | $487,317 |
| Payroll taxes | $432,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $519,621 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $311,706 |
| Travel | $119,352 |
| 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 | $183,473 |
| Insurance | $111,058 |
| All other expenses | $101,605 |
| Total functional expenses | $9,301,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $591,190 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $608,177 |
| Accounts receivable, net | $293,305 |
| 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 | $67,580 |
| Net Land, buildings, and equipment | $1,358,644 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $548,879 |
| Total assets | $3,467,775 |
| Accounts payable and accrued expenses | $643,848 |
| Grants payable | $0 |
| Deferred revenue | $195,396 |
| 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 | $548,879 |
| Total liabilities | $1,388,123 |
| Net assets without donor restrictions | $1,894,714 |
| Net assets with donor restrictions | $184,938 |
| 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 | $3,467,775 |