Form 990 for tax year 2024
Filed by FAMILIES FIRST IN CABARRUS COUNTY INC.
Totals
- Total revenue
- $808,930
- Total expenses
- $872,711
- Contributions and grants received
- $698,390
- Grants paid
- $0
- Program service revenue
- $102,955
- Investment income
- $7,585
- Other revenue
- $0
- Total assets, end of year
- $677,514
- Total liabilities, end of year
- $55,148
- Net assets or fund balances, end of year
- $622,366
- Program services expenses (Part IX)
- $632,194
- Management and general expenses
- $158,418
- Fundraising expenses
- $82,099
- Program service expenses (Part III)
- $632,194
Program services were 72.4% 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.
-
1e · Government grants (contributions)
$526,425
-
1f · All other contributions, gifts and grants
$171,965
-
2a · Program service revenue: Two Bilingual Preschools
total $102,955 · related or exempt $102,955
-
3 · Investment income
total $7,585 · excluded $7,585
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $129,351 · program services $71,143 · management and general $24,577 · fundraising $33,631
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $434,163 · program services $335,210 · management and general $62,976 · fundraising $35,977
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $8,319 · program services $5,999 · management and general $1,292 · fundraising $1,028
-
10 · Payroll taxes
total $45,512 · program services $32,819 · management and general $7,071 · fundraising $5,622
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $100,829 · program services $61,173 · management and general $39,656
-
12 · Advertising and promotion
total $7,851 · program services $2,010 · fundraising $5,841
-
13 · Office expenses
total $34,522 · program services $33,576 · management and general $946
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $35,328 · program services $30,057 · management and general $5,271
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $5,795 · program services $5,795
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $4,703 · program services $4,233 · management and general $470
-
23 · Insurance
total $10,603 · program services $1,890 · management and general $8,713
-
24a · Other expenses: Food
total $22,641 · program services $22,641
-
24b · Other expenses: Utilities
total $8,342 · program services $7,508 · management and general $834
-
24c · Other expenses: Dues & Subscriptions
total $6,777 · program services $4,730 · management and general $2,047
-
24d · Other expenses: Repairs and Maintenance
total $6,188 · program services $5,569 · management and general $619
-
24e · All other expenses
total $11,787 · program services $7,841 · management and general $3,946
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $236,741 · end of year $601,240
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $116,896 · end of year $6,092
-
4 · Accounts receivable
beginning of year $2,596 · end of year $242
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$56,809
-
10b · Land, buildings and equipment: accumulated depreciation
$20,021
-
10c · Land, buildings and equipment, net
beginning of year $41,491 · end of year $36,788
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $372,084 · end of year $33,152
-
17 · Accounts payable and accrued expenses
beginning of year $12,358 · end of year $11,990
-
25 · Other liabilities
beginning of year $71,303 · end of year $43,158
-
27 · Net assets without donor restrictions
beginning of year $586,147 · end of year $622,366
-
28 · Net assets with donor restrictions
beginning of year $100,000
Mission and programs · 2024
Mission
To provide parenting and early childhood programs that nurture children, empower parents, and strengthen whole families to flourish by significantly improving school readiness and economic mobility. We start early through home visiting, immersion preschools, and provide adult ESL and GED classes for families struggling with poverty, linguistic isolation, and homes affected addictions.
Activities or mission (Part I)
To provide Early Childhood education and free parenting programs for families and their children who find themselves struggling with parenting, poverty , homes affected by addiction, living linguistically isolated and more.
-
Operate 3 Family Child Care Networks
Expenses $249,654
-
Operate two 5-star immersion Preschool Locations, including NC's first and only two Immersion NC Preks classrooms, where all children are prepared for a love of learning and excel in a multicultural, bilingual world.
Expenses $240,699
-
ParentChild+ CORE and Home Base Child Care Model, home-visiting programs addressing a gap in services for 0-5 year-olds, uniquely working with the caregiver/child(ren) twice-weekly, building stronger families with preschool and school readiness skills. This includes organizing 3 networks across Cabarrus and Mecklenburg Counties, to strengthen licensed and informal Family Home Childcares who offer flexible, accessible, and affordable care for families
Expenses $141,841
-
Celebrating Families is a 16 straight week trauma-informed program where families and their children, whose homes are affected by addiction, recover together
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rev Spencer Swain
Executive Dir.
- Total calculated
- $129,351
- From this org
- $124,566
- From related orgs
- $0
- Other
- $4,785
- Hours/week
- 55
-
Kris Benshoff
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Victoria Welch
Director
- Total calculated
- $0
- Hours/week
- 1
-
Carolyn Allred
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mary Jasmine
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
McKenzie Wolford
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tanisha Jones
Chairman
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 2 March 2026
- IRS schema version
- 2024v5.2
- Source object
- 202630619349301558
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