Soar Initiative Inc
- Assets
- $283.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-2227366
Organization Overview
Soar Initiative Inc is located in Indianapolis, IN. The organization was established in 2017. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soar Initiative 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 12/2022, Soar Initiative Inc generated $198.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $217.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
FOSTER PROGRAMS AND ASSISTANCE OF DAILING LIVING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Gamache Director | 2 | $0 | |
Jennifer King Director | 1 | $0 | |
Fletcher White Director | 1 | $0 | |
Samantha Grimes Director | 4 | $0 | |
Holly Irwin Director | 5 | $0 | |
Angela Hopson Principal Officer | 80 | $65,335 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $198,074 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $198,074 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $74,972 |
| Occupancy, rent, utilities, and maintenance | $28,467 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $29,616 |
| Total expenses | $217,114 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,937 |
| Other assets | $0 |
| Total assets | $283,707 |
| Total liabilities | $222,605 |
| Net assets or fund balances | $61,102 |