Wolfe Street Foundation Inc
- Assets
- $2.0m
- Revenue
- $224.5k
- Investments
- $741.9k
- Employees
- 8
- Location
- Little Rock, AR
- Founding
- 07/1984
- Data as of
- 12/2020
- EIN
- 71-0571011
Organization Overview
Wolfe Street Foundation Inc is located in Little Rock, AR. The organization was established in 1984. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2020, Wolfe Street Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wolfe Street 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 12/2020, Wolfe Street Foundation Inc generated $224.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $437.6k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FACILITIES, EDUCATION AND OUTREACH TO INDIVIDUALS SEEKING RECOVERY FROM DRUG AND ALCOHOL ABUSE AND SUPPORT TO THEIR LOVED ONES AND THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WOLFE STREET FOUNDATION PROVIDES A MEETING PLACE FOR AA AND AI-ANON GROUPS IN THE LITTLE ROCK ARKANSAS AREA. THE FOUNDATION ALSO SELLS BOOKS RELATED TO RECOVERY FROM ADDICTION. THE FOUNDATION IS WORKING TO DEVELOP OUTREACH PROGRAMS INTO THE COMMUNITY INCLUDING SCHOOLS AND BUSINESS AIMED AT INFORMATION CHILDREN AND ADULTS ABOUT KEY ISSUES RELATED TO ADDICTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Laughlin President | Officer | 1 | $0 |
Ellon Cockrill Vice President | Officer | 1 | $0 |
Jerry Damerow Treasurer | Officer | 1 | $0 |
Dori Haddock Secretary | Officer | 1 | $0 |
Jim Bell Board Member | Trustee | 1 | $0 |
John Bale Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $86,551 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,708 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,259 |
| Total Program Service Revenue | $27,529 |
| Investment income | $1,119 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $46,392 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $224,472 |
| 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. | $90,000 |
| Compensation of current officers, directors, key employees. | $90,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,253 |
| Pension plan accruals and contributions | $793 |
| Other employee benefits | $33,276 |
| Payroll taxes | $13,368 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,569 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,657 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,786 |
| Information technology | $12,942 |
| Royalties | $0 |
| Occupancy | $34,240 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $46 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,161 |
| Insurance | $4,527 |
| All other expenses | $0 |
| Total functional expenses | $437,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,427 |
| Savings and temporary cash investments | $21,605 |
| Pledges and grants receivable | $0 |
| 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 | $8,633 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,174,602 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $741,948 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,990,215 |
| Accounts payable and accrued expenses | $515 |
| 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 | $0 |
| Total liabilities | $515 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,989,700 |
| Total liabilities and net assets/fund balances | $1,990,215 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wolfe Street Foundation Inc has recieved totaling $14,696.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $14,608 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $88 |
Endowment Analysis
| Beg. Balance | $495,442 |
| Earnings | $43,952 |
| Grants | $23,237 |
| Ending Balance | $516,157 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cumberland Heights Foundation Inc Nashville, TN | $58,884,301 | $35,779,287 |
Odyssey House Louisiana Inc New Orleans, LA | $14,124,407 | $24,434,700 |
Buffalo Valley Inc Hohenwald, TN | $23,052,343 | $16,932,314 |
Lifechangers Outreach Kodak, TN | $5,536,063 | $14,743,558 |
Nexus Recovery Center Incorporated Dallas, TX | $7,175,066 | $10,501,316 |
Region 1-Mental Health Commission Clarksdale, MS | $2,249,818 | $8,546,899 |
Hope Center Ministries Bethany, OK | $19,067,216 | $13,757,491 |
Quapaw House Inc Hot Springs, AR | $7,008,225 | $7,134,661 |
Serenity Foundation Of Texas Abilene, TX | $12,830,500 | $6,862,751 |
Council On Alcoholism & Drug Abuse Of Northwest Louisiana Shreveport, LA | $3,561,646 | $5,573,320 |
Cocaine And Alcohol Awareness Program Inc Memphis, TN | $9,021,139 | $5,516,016 |
Thistle Farms Inc Nashville, TN | $9,542,265 | $6,871,998 |