Totals
- Total revenue
- $8,955,130
- Total expenses
- $3,940,298
- Contributions and grants received
- $8,691,374
- Grants paid
- $0
- Program service revenue
- $37,057
- Investment income
- $63,413
- Other revenue
- $163,286
- Total assets, end of year
- $17,957,221
- Total liabilities, end of year
- $168,612
- Net assets or fund balances, end of year
- $17,788,609
- Program services expenses (Part IX)
- $3,077,849
- Management and general expenses
- $803,103
- Fundraising expenses
- $59,346
- Program service expenses (Part III)
- $3,077,849
Program services were 78.1% 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.
-
1c · Fundraising events
$115,727
-
1e · Government grants (contributions)
$1,474,396
-
1f · All other contributions, gifts and grants
$7,101,251
-
2a · Program service revenue: Permanent Housing
total $37,057 · related or exempt $37,057
-
3 · Investment income
total $63,413 · excluded $63,413
-
8a · Fundraising events: gross income
$76,092
-
8a · Fundraising events: contributions included on line 1c
$115,727
-
8b · Fundraising events: direct expenses
$76,092
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: Other Income
total $163,286 · related or exempt $163,286
-
11e · Other revenue, total
$163,286
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $317,986 · program services $248,030 · management and general $69,956
-
7 · Other salaries and wages
total $821,313 · program services $631,730 · management and general $189,583
-
9 · Other employee benefits
total $63,955 · program services $49,386 · management and general $14,569
-
10 · Payroll taxes
total $92,314 · program services $71,284 · management and general $21,030
-
11g · Fees: other
total $406,693 · program services $406,693
-
12 · Advertising and promotion
total $207,965 · program services $145,575 · management and general $20,797 · fundraising $41,593
-
13 · Office expenses
total $244,081 · program services $120,098 · management and general $108,932 · fundraising $15,051
-
14 · Information technology
total $101,785 · management and general $101,785
-
16 · Occupancy
total $111,618 · program services $85,394 · management and general $26,224
-
17 · Travel
total $148,025 · program services $107,491 · management and general $37,832 · fundraising $2,702
-
20 · Interest
total $36,419 · program services $36,419
-
22 · Depreciation, depletion and amortization
total $242,645 · program services $169,851 · management and general $72,794
-
23 · Insurance
total $115,945 · program services $81,162 · management and general $34,783
-
24a · Other expenses: Client support
total $642,389 · program services $642,389
-
24b · Other expenses: Security
total $187,818 · program services $131,473 · management and general $56,345
-
24c · Other expenses: Repairs & maintenance
total $114,856 · program services $80,399 · management and general $34,457
-
24d · Other expenses: Other operating expense
total $41,301 · program services $28,911 · management and general $12,390
-
24e · All other expenses
total $43,190 · program services $41,564 · management and general $1,626
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $343,877 · end of year $392,329
-
2 · Savings and temporary cash investments
beginning of year $7,450,117 · end of year $6,590,261
-
4 · Accounts receivable
beginning of year $99,875 · end of year $138,532
-
9 · Prepaid expenses and deferred charges
beginning of year $1,298 · end of year $6,158
-
10a · Land, buildings and equipment: cost or other basis
$12,110,586
-
10b · Land, buildings and equipment: accumulated depreciation
$1,280,645
-
10c · Land, buildings and equipment, net
beginning of year $7,283,952 · end of year $10,829,941
-
17 · Accounts payable and accrued expenses
beginning of year $355,488 · end of year $166,001
-
19 · Deferred revenue
beginning of year $154,705 · end of year $2,611
-
23 · Secured mortgages and notes payable
beginning of year $1,895,149 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $8,033,696 · end of year $13,890,233
-
28 · Net assets with donor restrictions
beginning of year $4,740,081 · end of year $3,898,376
Mission and programs · 2022
Mission
The mission of TFCF is to empower disenfranchised low income individuals and families by building leadership through evidence-based programs and housing to create self-sufficiency and thriving communities.
Activities or mission (Part I)
Housing, Counseling, and training for low income communities.
-
In the past year, Time for Change Foundation (TFCF) transformed 674 lives through our various programs: Housing: 65 adults and 31 children served with emergency shelter, 26 families transitioned to permanent housing, 170 families received rental assistance, 11 families received permanent-supportive housing. Family/supportive services: 463 therapy sessions, 32 mothers and 17 children served through PFFR program, we reunited 5 children from foster care bringing our total to 320, 65 adults received drug & alcohol counseling, and we conducted 317 drug tests. We served 200 formerly incarcerated individuals and 49% gained employment within the first 3 months. Economic mobility: 45 entrepreneurs completed BBOP Build program, $180,000 capital investment in startups, 10 community college, 10 vocational, and 30 entrepreneurship scholarships via the BBOP Academy.
Expenses $3,077,849 · Revenue $37,057
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kimberly Carter
Founder/Ambassador
- Total calculated
- $199,917
- From this org
- $191,200
- From related orgs
- $0
- Other
- $8,717
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $191,200
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $8,717
- Filer's total
- $199,917
-
Nicole Henley PhD
Chair
- Total calculated
- $0
- Hours/week
- 4
-
Veronica Robledo
Secretary
- Total calculated
- $0
- Hours/week
- 4
-
Dr Laura Manyweather EdD MBA
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Vandrick Towns
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Keisha Murphy
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Vanessa Perez
Executive Director
- Total calculated
- $126,786
- From this org
- $126,786
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 3
- the board performs a cost of living compensation study to help determine compensation of the Founder
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440169349301164
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.