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Nonprofiteer
← THE HUB OF MCDOWELL INC

Form 990 for tax year 2024

Filed by THE HUB OF MCDOWELL INC.

Totals

Total revenue
$2,888,263
Total expenses
$2,533,887
Contributions and grants received
$374,409
Grants paid
$0
Program service revenue
$2,456,073
Investment income
$8,556
Other revenue
$49,225
Total assets, end of year
$679,075
Total liabilities, end of year
$59,276
Net assets or fund balances, end of year
$619,799
Program services expenses (Part IX)
$2,140,910
Management and general expenses
$392,977
Fundraising expenses
$0
Program service expenses (Part III)
$2,140,910

Program services were 84.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $374,409

  • 2a · Program service revenue: GRANT REVENUES WITH DO

    total $1,792,966 · related or exempt $1,792,966

  • 2b · Program service revenue: TUITION

    total $376,138 · related or exempt $376,138

  • 2c · Program service revenue: COFFEE SHOP

    total $132,154 · related or exempt $132,154

  • 2d · Program service revenue: SPECIAL EVENTS

    total $91,361 · related or exempt $91,361

  • 2e · Program service revenue: MISCELLANEOUS REVENUES

    total $28,830 · related or exempt $28,830

  • 2f · All other program service revenue

    total $34,624 · related or exempt $34,624

  • 3 · Investment income

    total $8,556 · excluded $8,556

  • 6a · Gross rents

    real property $13,261

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $13,261

  • 6d · Net rental income or loss

    total $13,261 · related or exempt $13,261

  • 8a · Fundraising events: gross income

    $68,500

  • 8b · Fundraising events: direct expenses

    $32,536

  • 8c · Net income from fundraising events

    total $35,964 · excluded $35,964

  • 11a · Other revenue: REVENUES RELEASED FROM

    total $86,497 · related or exempt $86,497

  • 11b · Other revenue: NET ASSETS RELEASED FR

    total -$86,497 · related or exempt -$86,497

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,060,968 · program services $815,997 · management and general $244,971

  • 9 · Other employee benefits

    total $35,984 · program services $32,020 · management and general $3,964

  • 10 · Payroll taxes

    total $87,712 · program services $69,906 · management and general $17,806

  • 11b · Fees: legal

    total $11,800 · management and general $11,800

  • 12 · Advertising and promotion

    total $8,452 · management and general $8,452

  • 14 · Information technology

    total $8,202 · program services $5,100 · management and general $3,102

  • 16 · Occupancy

    total $418,503 · program services $372,928 · management and general $45,575

  • 17 · Travel

    total $5,307 · program services $5,307

  • 23 · Insurance

    total $28,935 · program services $28,935

  • 24a · Other expenses: CONTRIBUTIONS

    total $306,174 · program services $306,174

  • 24b · Other expenses: SUPPLIES

    total $300,639 · program services $300,639

  • 24c · Other expenses: STUDENT & ATHLETIC ACTI

    total $157,398 · program services $157,398

  • 24d · Other expenses: MISCELLANEOUS

    total $43,155 · management and general $43,155

  • 24e · All other expenses

    total $60,658 · program services $46,506 · management and general $14,152

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $332,173 · end of year $661,800

  • 4 · Accounts receivable

    beginning of year $787 · end of year $17,275

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,298 · end of year $14,523

  • 19 · Deferred revenue

    beginning of year $50,239 · end of year $44,753

  • 27 · Net assets without donor restrictions

    beginning of year $217,405 · end of year $558,278

  • 28 · Net assets with donor restrictions

    beginning of year $48,018 · end of year $61,521

Mission and programs · 2024

Mission

TO PROVIDE CHRISTIAN EDUCATION FROM ELEMENTARY THROUGH HIGH SCHOOL IN WESTERN NORTH CAROLINA

  • TO PROVIDE CHRISTIAN EDUCATION FROM ELEMENTARY THROUGH HIGH SCHOOL IN WESTERN NORTH CAROLINA ALONG WITH ATHLETIC, CHARITABLE, AND OTHER ACTIVITIES.

    Expenses $1,791,503 · Revenue $2,469,334

  • TO PROVIDE COUNSELING AND EDUCATION TO LOW-INCOME INDIVIDUALS ON THE PATH TO HOME OWNERSHIP IN BURKE, MCDOWELL, AND RUTHERFORD COUNTIES OF NORTH CAROLINA.

    Expenses $349,407

As filed on the 2024 return.

Listed in Part VII

  • Robert Ritter

    PRESIDENT

    Total calculated
    $107,129
    From this org
    $0
    From related orgs
    $76,563
    Other
    $30,566
    Hours/week
    1
  • Richard Long

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Brian Bradley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dan Patnode

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeff Bassett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
12 December 2025
IRS schema version
2024v5.2
Source object
202513529349301521

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