Broken Chains
- Assets
- $57.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hope Mills, NC
- Founding
- 08/2017
- Data as of
- 12/2022
- EIN
- 82-0704084
Organization Overview
Broken Chains is located in Hope Mills, NC. The organization was established in 2017. According to its NTEE Classification (F21) the organization is classified as: Substance Abuse Prevention, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broken Chains 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, Broken Chains generated $63.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.8% each year . All expenses for the organization totaled $69.3k 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
WE ARE BIKERS AND MOTORCYCLE ENTHUSIASTS WHO HAVE FOUND HOPE & HEALING IN JESUS CHRIST THROUGH THE PROCESS OF CHRIST CENTERED RECOVERY, HELPING OTHERS TO REALIZE THAT CHANGE IS POSSIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
JD Inman Board Chairm | 15 | $0 | |
Roy Jeff Stultz President/ce | 40 | $0 | |
Jamie Rich Treasurer/co | 40 | $39,000 | |
Sherrie Ribaudo Secretary | 15 | $0 | |
Karin Paparelli Legal Adviso | 15 | $0 | |
Carey Roberts Board Member | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,552 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$754 |
| Other Revenue | $0 |
| Total Revenue | $62,997 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $39,000 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $1,600 |
| Printing, publications, postage, and shipping | $10,500 |
| Other expenses | $18,245 |
| Total expenses | $69,345 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,576 |
| Other assets | $0 |
| Total assets | $57,109 |
| Total liabilities | $0 |
| Net assets or fund balances | $57,109 |