Friends Of Switchpoint Inc
- Assets
- $12.0m
- Revenue
- $16.4m
- Investments
- $0.0
- Employees
- 207
- Location
- St George, UT
- Founding
- 02/2004
- Data as of
- 09/2021
- EIN
- 76-0740457
Organization Overview
Friends Of Switchpoint Inc is located in St George, UT. The organization was established in 2004. 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 09/2021, Friends Of Switchpoint Inc employed 207 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Switchpoint 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 09/2021, Friends Of Switchpoint Inc generated $16.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $11.8m during the year ending 09/2021. While expenses have increased by 18.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MOBILIZE INDIVIDUALS AND RESOURCES TO DELIVER CREATIVE SOLUTIONS TO COMMUNITY PROBLEMS. SIGNIFIGANT ACTIVITIES INCLUDE OPERATING HOMELESS SHELTER, COMMUNITY FOOD PANTRY AND A COMMUNITY RESOURCE CENTER TO HELP THOSE SEEKING EMPLOYMENT.
Describe the Organization's Program Activity:
FOOD - SWITCHPOINT OPERATES A COMMUNITY FOOD PANTRY WHICH IS FREE TO THE PUBLIC AND SERVES OVER 1,700 HOUSEHOLDS PER MONTH
SALT LAKE CITY (SLC) - FROM 11/20 TO 6/21 WE OPERATED 2 TEMPORARY WINTER OVERFLOW HOMELESS SHELTERS IN SLC. WE HAVE NOW PURCHASED ONE OF THEM AND IT HAS BEEN REMODELED. THE SHELTER IS ABOUT 100 STUDIO APARTMENTS FOR SENIORS AND VETERANS.
SHELTER SWITCHPOINT OPERATES AN 80 BED HOMELESS SHELTER WHICH IS FREE TO THE PUBLIC AND OPEN 24/7. WE PROVIDE TEMPORARY EMERGENCY HOUSING FOR WOMEN, MEN AND FAMILIES OF ALL AGES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Hollowell Executive Dir. | Officer | 40 | $96,980 |
Wayne Hepworth Treasurer | OfficerTrustee | 1 | $0 |
David Dangerfield President | OfficerTrustee | 1 | $0 |
James Roberts Secretary | OfficerTrustee | 1 | $0 |
Bruce Jenkins Vice President | OfficerTrustee | 1 | $0 |
Jimmie Hughes Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,236,169 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,503,734 |
| Noncash contributions included in lines 1a–1f | $3,257,147 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,739,903 |
| Total Program Service Revenue | $1,557,230 |
| Investment income | $3,298 |
| 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 | $1,053,960 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,354,391 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,261,025 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $96,980 |
| Compensation of current officers, directors, key employees. | $7,758 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,011,329 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $808,935 |
| Payroll taxes | $0 |
| 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 | $232,331 |
| Advertising and promotion | $26,496 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $115,060 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $79,238 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $135,864 |
| Insurance | $109,528 |
| All other expenses | $106,111 |
| Total functional expenses | $11,808,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,384,989 |
| Savings and temporary cash investments | $292,216 |
| Pledges and grants receivable | $459,625 |
| Accounts receivable, net | $123,356 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,353,882 |
| Inventories for sale or use | $337,213 |
| Prepaid expenses and deferred charges | $4,868 |
| Net Land, buildings, and equipment | $5,425,092 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $596,722 |
| Total assets | $11,977,963 |
| Accounts payable and accrued expenses | $591,773 |
| 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 | $2,334,245 |
| Other liabilities | $172,033 |
| Total liabilities | $3,098,051 |
| Net assets without donor restrictions | $7,316,713 |
| Net assets with donor restrictions | $1,563,199 |
| 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 | $11,977,963 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Switchpoint Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Dennis And Joan Norton Family Foundation Salt Lake City, UT PURPOSE: PROGRAM SERVICES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizonas Children Association Tucson, AZ | $18,515,748 | $50,621,725 |
Arizona Community Action Association Inc Phoenix, AZ | $37,430,688 | $47,071,381 |
The 3000 Club Phoenix, AZ | $240,575 | $38,689,440 |
Catholic Charities And Community Services Of The Archdiocese Of Den Denver, CO | $31,204,493 | $39,103,634 |
Catholic Charities Community Services Inc Phoenix, AZ | $27,991,292 | $39,238,434 |
Catholic Charities Of Southern Nevada Las Vegas, NV | $43,967,574 | $27,115,632 |
Catholic Community Services Of Southern Arizona Inc Tucson, AZ | $19,873,108 | $26,833,688 |
Resource Exchange Inc Colorado Springs, CO | $17,475,294 | $25,981,302 |
Help Of Southern Nevada Las Vegas, NV | $20,325,162 | $28,964,213 |
Food Depot Santa Fe, NM | $14,520,817 | $22,167,327 |
Circle The City Phoenix, AZ | $18,542,637 | $26,039,281 |
Psa Behavioral Health Agency Phoenix, AZ | $11,491,382 | $16,032,932 |