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Nonprofiteer
← CARING FOR CHILDREN INC

Form 990 for tax year 2022

Filed by CARING FOR CHILDREN INC.

Totals

Total revenue
$986,566
Total expenses
$2,667,188
Contributions and grants received
$518,354
Grants paid
$2,166,175
Program service revenue
$468,068
Investment income
$0
Other revenue
$144
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$2,612,043
Management and general expenses
$55,145
Fundraising expenses
$0
Program service expenses (Part III)
$2,612,043

Program services were 97.9% 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)

    $487,277

  • 1f · All other contributions, gifts and grants

    $31,077

  • 2a · Program service revenue: NON-RESIDENTIAL

    total $468,068 · related or exempt $468,068

  • 11d · All other revenue

    total $144 · excluded $144

  • 11e · Other revenue, total

    $144

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,841,895 · program services $1,841,895

  • 2 · Grants to domestic individuals

    total $324,280 · program services $324,280

  • 7 · Other salaries and wages

    total $245,148 · program services $245,148

  • 8 · Pension plan contributions

    total $5,393 · program services $5,393

  • 9 · Other employee benefits

    total $46,694 · program services $46,694

  • 10 · Payroll taxes

    total $19,844 · program services $19,844

  • 12 · Advertising and promotion

    total $275 · program services $275

  • 13 · Office expenses

    total $12,571 · program services $12,571

  • 14 · Information technology

    total $1,443 · program services $1,443

  • 16 · Occupancy

    total $18,142 · program services $18,142

  • 17 · Travel

    total $14,168 · program services $14,168

  • 19 · Conferences, conventions and meetings

    total $4,129 · program services $4,129

  • 23 · Insurance

    total $32,817 · program services $32,817

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $55,145 · management and general $55,145

  • 24b · Other expenses: CLIENT RELATED EXPENSES

    total $37,972 · program services $37,972

  • 24c · Other expenses: EMPLOYEE RELATED EXPENS

    total $646 · program services $646

  • 24e · All other expenses

    total $6,626 · program services $6,626

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $998,809 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $395,180 · end of year $0

  • 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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 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 $349,098 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $62,465 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,507,355 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $173,267 · end of year $0

Mission and programs · 2022

Mission

TO PROVIDE FOSTER CARE AND OTHER SERVICES FOR CHILDREN IN CRISIS IN BUNCOMBE COUNTY, NORTH CAROLINA.

Activities or mission (Part I)

TO PROVIDE FOSTER CARE AND OTHER SERVICES FOR CHILDREN IN CRISIS.

  • NONRESIDENTIAL PROGRAMS:FAMILY AND THERAPEUTIC FOSTER CARE PROVIDES SERVICES TO CHILDREN IN THE CUSTODY OF THE DEPARTMENT OF SOCIAL SERVICES REQUIRING LONG TERM FOSTER CARE PLACEMENT. APPROXIMATELY 45 CHILDREN PARTICIPATE IN THE NONRESIDENTIAL PROGRAMS EACH YEAR.

    Expenses $2,612,043 · Grants $2,166,175 · Revenue $468,068

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Luther David Dennis

    CEO/CHAIRMAN

    Total calculated
    $733,086
    From this org
    $0
    From related orgs
    $701,286
    Other
    $31,800
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $474,436 related
    Bonus
    $0 + $165,000 related
    Other
    $0 + $61,850 related
    Deferred
    $0 + $8,902 related
    Nontaxable benefits
    $0 + $22,898 related
    Filer's total
    $0 + $733,086 related

  • John Anthony Van Slyke

    CFO/TREASURER

    Total calculated
    $334,799
    From this org
    $0
    From related orgs
    $309,305
    Other
    $25,494
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $267,815 related
    Bonus
    $0 + $40,500 related
    Other
    $0 + $990 related
    Deferred
    $0 + $8,669 related
    Nontaxable benefits
    $0 + $16,825 related
    Filer's total
    $0 + $334,799 related

  • Alex J Reed

    DIRECTOR

    Total calculated
    $320,652
    From this org
    $0
    From related orgs
    $287,533
    Other
    $33,119
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,178 related
    Bonus
    $0 + $38,010 related
    Other
    $0 + $345 related
    Deferred
    $0 + $10,150 related
    Nontaxable benefits
    $0 + $22,969 related
    Filer's total
    $0 + $320,652 related

  • Martin Peters

    DIRECTOR

    Total calculated
    $233,930
    From this org
    $0
    From related orgs
    $202,257
    Other
    $31,673
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $175,866 related
    Bonus
    $0 + $26,250 related
    Other
    $0 + $141 related
    Deferred
    $0 + $8,885 related
    Nontaxable benefits
    $0 + $22,788 related
    Filer's total
    $0 + $233,930 related

  • Richard Semancik

    DIRECTOR

    Total calculated
    $306,647
    From this org
    $0
    From related orgs
    $272,594
    Other
    $34,053
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $234,749 related
    Bonus
    $0 + $37,500 related
    Other
    $0 + $345 related
    Deferred
    $0 + $11,930 related
    Nontaxable benefits
    $0 + $22,123 related
    Filer's total
    $0 + $306,647 related

  • Laura Hunt

    SECRETARY

    Total calculated
    $103,481
    From this org
    $0
    From related orgs
    $83,988
    Other
    $19,493
    Hours/week
    1 + 40 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4B
ECKERD YOUTH ALTERNATIVES, INC. (ECKERD), A RELATED NON-PROFIT ORGANIZATION AND SOLE MEMBER OF CARING FOR CHILDREN, MAINTAINS A NONQUALIFIED DEFERRED COMPENSATION PLAN TO RETAIN AND REWARD SELECT EXECUTIVES. THE CEO OF ECKERD WHO ALSO SERVES AS THE CHAIRMAN OF THE BOARD OF DIRECTORS FOR THE FILING ORGANIZATION, IS INCLUDED IN THIS PLAN. THE CEO WAS FULLY VESTED IN THIS PLAN AS OF JULY 1, 2019. THE LIABILITY UNDER THE PLAN OF $59,945 WAS PAID TO THE CEO DURING CALENDAR YEAR 2022.

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

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
28 September 2023
IRS schema version
2022v5.0
Source object
202302719349300115

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