H3 Collective
- Assets
- $1.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Asheville, NC
- Founding
- Data as of
- 12/2022
- EIN
- 84-1806230
Organization Overview
H3 Collective is located in Asheville, NC. According to its NTEE Classification (P32) the organization is classified as: Foster Care, under the broad grouping of Human Services and related organizations. As of 12/2022, H3 Collective employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. H3 Collective 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, H3 Collective generated $1.1m in total revenue. All expenses for the organization totaled $317.0k during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
H3 COLLECTIVE IS DEDICATED TO IMPROVING THE LIVES AND LIFLONG OUTCOMES OF CHILDREN IN FOSTER CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGNIAZATION WORKED TO PROVIDE HOUSING FOR PROFESSIONAL FOSTER PARENTS. THREE HOUSES WERE UNDER CONSTRUCTION AS OF 12/31/22.
CONTRIBUTION TO FACILITATE CONSTRUCTION AT CHILDREN'S SCHOOL IN MEXICO.
THE ORGANIZATION PROVIDED FOSTER CARE PARENT RECRUITING SERVICES FOR THREE COUNTIES IN WESTERN NORTH CAROLINA. OVER A DOZEN NEW FOSTER FAMILIES WERE RECRUITED DURING 2022.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Ponder Executive Di | OfficerTrustee | 40 | $83,333 |
Alex Williams President | OfficerTrustee | 40 | $60,000 |
William Austin Board Chair | OfficerTrustee | 5 | $0 |
Brian Courcelle Treasurer | OfficerTrustee | 5 | $0 |
Dan Edwards Director | Trustee | 1 | $0 |
Dr Richard Eley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,037,872 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,037,872 |
| Total Program Service Revenue | $78,896 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,116,768 |
| 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 | $120,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $143,333 |
| Compensation of current officers, directors, key employees. | $21,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,004 |
| Payroll taxes | $10,965 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,539 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,349 |
| Office expenses | $820 |
| Information technology | $3,007 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,835 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,956 |
| All other expenses | $207 |
| Total functional expenses | $317,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,148 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $412,426 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,101,922 |
| Total assets | $1,646,496 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $38,000 |
| 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 | $348,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,210 |
| Total liabilities | $389,210 |
| Net assets without donor restrictions | $1,257,286 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,646,496 |