Skip to content
Nonprofiteer
← FIBCO FAMILY SERVICES INC

Form 990 for tax year 2024

Filed by FIBCO FAMILY SERVICES INC.

Totals

Total revenue
$1,733,641
Total expenses
$1,626,809
Contributions and grants received
$233,122
Grants paid
$0
Program service revenue
$1,469,063
Investment income
$26,832
Other revenue
$4,624
Total assets, end of year
$3,638,948
Total liabilities, end of year
$751,436
Net assets or fund balances, end of year
$2,887,512
Program services expenses (Part IX)
$1,473,216
Management and general expenses
$118,147
Fundraising expenses
$35,446
Program service expenses (Part III)
$1,427,169

Program services were 90.6% 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

    $233,122

  • 2a · Program service revenue: LEASE REVENUE

    total $1,469,063 · related or exempt $1,469,063

  • 3 · Investment income

    total $26,832 · related or exempt $26,832

  • 8c · Net income from fundraising events

    total $0

  • 11d · All other revenue

    total $4,624 · related or exempt $4,624

  • 11e · Other revenue, total

    $4,624

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $75,773 · program services $66,634 · management and general $7,389 · fundraising $1,788

  • 7 · Other salaries and wages

    total $211,392 · program services $185,769 · management and general $20,600 · fundraising $4,985

  • 10 · Payroll taxes

    total $82,485 · program services $76,601 · management and general $5,348 · fundraising $536

  • 11a · Fees: management

    total $274,553 · program services $231,035 · management and general $42,886 · fundraising $632

  • 11e · Fees: professional fundraising services

    total $8,200 · fundraising $8,200

  • 11f · Fees: investment management

    total $12,126 · program services $9,103 · management and general $2,267 · fundraising $756

  • 12 · Advertising and promotion

    total $4,677 · fundraising $4,677

  • 13 · Office expenses

    total $115,688 · program services $108,226 · management and general $4,988 · fundraising $2,474

  • 16 · Occupancy

    total $564,456 · program services $543,359 · management and general $15,823 · fundraising $5,274

  • 17 · Travel

    total $13,392 · program services $12,872 · management and general $390 · fundraising $130

  • 22 · Depreciation, depletion and amortization

    total $214,208 · program services $194,753 · management and general $14,710 · fundraising $4,745

  • 23 · Insurance

    total $49,859 · program services $44,864 · management and general $3,746 · fundraising $1,249

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,685,419 · end of year $1,679,633

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,073 · end of year $18,691

  • 10a · Land, buildings and equipment: cost or other basis

    $4,832,146

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,593,186

  • 10c · Land, buildings and equipment, net

    beginning of year $1,806,048 · end of year $1,940,624

  • 17 · Accounts payable and accrued expenses

    end of year $157,897

  • 19 · Deferred revenue

    beginning of year $16,033 · end of year $13,763

  • 23 · Secured mortgages and notes payable

    beginning of year $118,112 · end of year $110,701

  • 24 · Unsecured notes and loans payable

    end of year $469,075

  • 25 · Other liabilities

    beginning of year $589,715

  • 27 · Net assets without donor restrictions

    beginning of year $2,619,381 · end of year $2,686,324

  • 28 · Net assets with donor restrictions

    beginning of year $161,299 · end of year $201,188

Mission and programs · 2024

Mission

DEDICATED TO MEETING THE NEEDS OF OUR COMMUNITY BY PROVIDING RESOURCES TO ASSIST INDIVIDUALS AND FAMILIES IN BECOMING SELF-SUSTAINING.

Activities or mission (Part I)

FIBCO IS DEDICATED TO MEETING THE NEEDS OF OUR COMMUNITY BY PROVIDING RESOURCES TO ASSIST INDIVIDUALS AND FAMILIES IN BECOMING SELFSUSTAINING

  • THROUGH OUR AFFORDABLE HOUSING PROGRAM WE PROVIDE LONG-TERM HOUSING FOR LOW-INCOME AND/OR MENTALLY CHALLENGED INDIVIDUALS IN STATE ASSISTED PROGRAMS.

    Expenses $1,380,605 · Revenue $1,469,063

  • THROUGH OUR HUMAN SERVICES PROGRAM, WE PROVIDE FOOD, CLOTHING AND OTHER SERVICES TO FAMILIES IN NEED OF ASSISTANCE. FIBCO PROVIDES SACK LUNCHES, EMERGENCY FOOD BOXES, AND THANKSGIVING BOXES. WE ALSO PROVIDE CLOTHING ITEMS AND SHOES TO INDIVIDUALS IN NEED THROUGH OUR CLOTHING DISTRIBUTION CENTER.

    Expenses $46,564 · Revenue $233,122

As filed on the 2024 return.

Listed in Part VII

  • Akilah Stewart

    EXECUTIVE DIRECTOR

    Total calculated
    $75,773
    From this org
    $75,773
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sharee Hurts

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Brown

    COCHAIR

    Total calculated
    $0
    Hours/week
    1

  • Keenan Stokes

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Chavon Woods

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tracee Hall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Misha Harris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Norman E Lansden Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robert Barlow

    BOARD MEMBER

    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
9 November 2025
IRS schema version
2024v5.2
Source object
202543139349300224

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.