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Nonprofiteer
← THARROS PLACE INC

Form 990 for tax year 2024

Filed by THARROS PLACE INC.

Totals

Total revenue
$1,231,123
Total expenses
$1,127,143
Contributions and grants received
$1,137,121
Grants paid
$0
Program service revenue
$0
Investment income
$8,465
Other revenue
$85,537
Total assets, end of year
$2,775,868
Total liabilities, end of year
$653,360
Net assets or fund balances, end of year
$2,122,508
Program services expenses (Part IX)
$915,602
Management and general expenses
$176,987
Fundraising expenses
$34,554
Program service expenses (Part III)
$915,602

Program services were 81.2% 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)

    $924,968

  • 1f · All other contributions, gifts and grants

    $212,153

  • 1g · Noncash contributions included above

    $37,997

  • 3 · Investment income

    total $8,465 · excluded $8,465

  • 8a · Fundraising events: gross income

    $95,728

  • 8b · Fundraising events: direct expenses

    $12,381

  • 8c · Net income from fundraising events

    total $83,347 · excluded $83,347

  • 11a · Other revenue: MISCELLANEOUS

    total $2,190 · excluded $2,190

  • 11e · Other revenue, total

    $2,190

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $600,302 · program services $480,242 · management and general $90,045 · fundraising $30,015

  • 9 · Other employee benefits

    total $25,791 · program services $20,632 · management and general $3,869 · fundraising $1,290

  • 10 · Payroll taxes

    total $64,358 · program services $51,486 · management and general $9,654 · fundraising $3,218

  • 11c · Fees: accounting

    total $38,520 · program services $30,816 · management and general $7,704

  • 11g · Fees: other

    total $128,240 · program services $102,592 · management and general $25,648

  • 12 · Advertising and promotion

    total $620 · program services $496 · management and general $93 · fundraising $31

  • 13 · Office expenses

    total $6,723 · program services $5,378 · management and general $1,345

  • 14 · Information technology

    total $19,215 · program services $15,372 · management and general $3,843

  • 16 · Occupancy

    total $42,012 · program services $33,610 · management and general $8,402

  • 17 · Travel

    total $964 · program services $964

  • 20 · Interest

    total $40,158 · program services $32,126 · management and general $8,032

  • 22 · Depreciation, depletion and amortization

    total $38,760 · program services $31,008 · management and general $7,752

  • 23 · Insurance

    total $16,152 · program services $12,922 · management and general $3,230

  • 24a · Other expenses: IN-KIND SUPPLIES

    total $37,997 · program services $37,997

  • 24b · Other expenses: CLIENT ASSISTANCE

    total $22,823 · program services $22,823

  • 24c · Other expenses: VEHICLE

    total $12,054 · program services $9,643 · management and general $2,411

  • 24d · Other expenses: SUPPLIES

    total $8,165 · program services $6,532 · management and general $1,633

  • 24e · All other expenses

    total $24,289 · program services $20,963 · management and general $3,326

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $258,017 · end of year $208,405

  • 2 · Savings and temporary cash investments

    end of year $120,635

  • 3 · Pledges and grants receivable

    beginning of year $1,176,228 · end of year $686,152

  • 4 · Accounts receivable

    beginning of year $53,347 · end of year $189,551

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,190 · end of year $4,545

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

    $1,621,292

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

    $54,712

  • 10c · Land, buildings and equipment, net

    beginning of year $1,498,297 · end of year $1,566,580

  • 17 · Accounts payable and accrued expenses

    beginning of year $102,551 · end of year $72,674

  • 23 · Secured mortgages and notes payable

    beginning of year $869,000 · end of year $580,686

  • 27 · Net assets without donor restrictions

    beginning of year $842,300 · end of year $1,436,356

  • 28 · Net assets with donor restrictions

    beginning of year $1,176,228 · end of year $686,152

Mission and programs · 2024

Mission

CULTIVATE A CULTURE OF COURAGE FOR SURVIVORS OF HUMAN TRAFFICKING, GIRLS AGES 12-17, THROUGH COMPASSIONATE AND SAFE RESIDENTIAL CARE, EMPOWERED AND RESPECTED STAFF, AND COLLABORATIVE COMMUNITY OUTREACH.

  • THE PRIMARY MISSION IS TO CREATE A SAFE ENVIRONMENT AND RESIDENCE HOUSE FOR SURVIVORS OF HUMAN TRAFFICKING, SPECIFICALLY GIRLS AGED 12-17. THE VISION IS TO GIVE SURVIVORS AN OPPORTUNITY TO TRANSFORM THEIR LIVES TO CREATE CONFIDENCE, SELF-RESPECT, AND WELL-BEING. THARROS PLACE HAS RAISED AWARENESS AND FUNDING FOR THE PROGRAM AND HAS ESTABLISHED A RESIDENCE HOME THAT OPENED IN 2023.

    Expenses $915,602

As filed on the 2024 return.

Listed in Part VII

  • Julie Wade

    EXECUTIVE DI

    Total calculated
    $100,000
    From this org
    $0
    From related orgs
    $0
    Other
    $100,000
    Hours/week
    40

  • Pria Abraham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kate Blair

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Rev Marsha Buford

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Summerell CPA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lt Keith Edwards

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Denise Cooper Esq

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Justine Keller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Phylicia Anderson LCSW

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Farrah Lawrence

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Justin Vanderbrink

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Wilcox

    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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • WHOLLY-OWNED SUBSIDIARY

    HOLD TITLE · GA

    Directly controlled by THARROS PLACE INC

Provenance

Return type
form_990
Tax year
2024
Filed
16 June 2025
IRS schema version
2024v5.0
Source object
202512029349301561

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