Civic Intelligence

Saranam LLC

990 • Fiscal year 2018 • EIN 20-2036621

Jan 01, 2018 to Dec 31, 2018 • Filed on May 16, 2019

1028 Eubank Blvd NE Suite FAlbuquerque, NM 87112

(505) 299-6154

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.04x

Higher debt load relative to assets than 27% of similar nonprofits.

2018 filings • NTEE L • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.03x

Higher debt load relative to revenue than 14% of similar nonprofits.

2018 filings • NTEE L • $500k-$1M nonprofits • Source year 2018

Net Margin

85th percentile

26%

Higher net margin than 85% of similar nonprofits.

2018 filings • NTEE L • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

65th percentile

$68,909

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2018 filings • NTEE L • $500k-$1M nonprofits • Source year 2018

Asset Growth

94th percentile

59%

Faster asset growth than 94% of similar nonprofits.

2018 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

84th percentile

19%

Faster revenue growth than 84% of similar nonprofits.

2018 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$650,856

Up $241,109 (+59%) from 2017

Net Assets

Up

$625,833

Up $230,333 (+58%) from 2017

Liabilities

Up

$25,023

Up $10,776 (+76%) from 2017

Revenue

Up

$934,013

Up $150,049 (+19%) from 2017

Expenses

Up

$693,680

Up $53,198 (+8.3%) from 2017

Net Income

Up

$240,333

Up $96,851 (+68%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $120,209Liabilities 2010: $8,010Net Assets 2010: $112,1992010Assets 2011: $155,621Liabilities 2011: $11,322Net Assets 2011: $144,2992011Assets 2012: $169,667Liabilities 2012: $9,902Net Assets 2012: $159,7652012Assets 2013: $154,393Liabilities 2013: $4,033Net Assets 2013: $150,3602013Assets 2014: $227,469Liabilities 2014: $11,817Net Assets 2014: $215,6522014Assets 2015: $212,278Liabilities 2015: $16,993Net Assets 2015: $195,2852015Assets 2016: $270,980Liabilities 2016: $18,962Net Assets 2016: $252,0182016Assets 2017: $409,747Liabilities 2017: $14,247Net Assets 2017: $395,5002017Assets 2018: $650,856Liabilities 2018: $25,023Net Assets 2018: $625,8332018Assets 2019: $1,014,174Liabilities 2019: $33,623Net Assets 2019: $980,5512019Assets 2020: $1,696,264Liabilities 2020: $144,005Net Assets 2020: $1,552,2592020Assets 2021: $7,396,865Liabilities 2021: $888,913Net Assets 2021: $6,507,9522021Assets 2022: $8,474,638Liabilities 2022: $796,163Net Assets 2022: $7,678,4752022Assets 2023: $9,703,172Liabilities 2023: $1,085,556Net Assets 2023: $8,617,6162023Assets 2024: $12,785,140Liabilities 2024: $1,059,295Net Assets 2024: $11,725,8452024

Highlighted filing

2018

Assets$650,856
Liabilities$25,023
Net Assets$625,833

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $295,6762010Expenses 2011: $342,1862011Expenses 2012: $390,4722012Revenue 2013: $429,855Expenses 2013: $439,260Net Income 2013: -$9,4052013Revenue 2014: $626,920Expenses 2014: $561,628Net Income 2014: $65,2922014Revenue 2015: $596,036Expenses 2015: $616,403Net Income 2015: -$20,3672015Revenue 2016: $750,936Expenses 2016: $694,203Net Income 2016: $56,7332016Revenue 2017: $783,964Expenses 2017: $640,482Net Income 2017: $143,4822017Revenue 2018: $934,013Expenses 2018: $693,680Net Income 2018: $240,3332018Revenue 2019: $1,243,904Expenses 2019: $889,186Net Income 2019: $354,7182019Revenue 2020: $1,541,479Expenses 2020: $1,050,113Net Income 2020: $491,3662020Revenue 2021: $6,220,441Expenses 2021: $1,264,748Net Income 2021: $4,955,6932021Revenue 2022: $2,661,620Expenses 2022: $1,364,064Net Income 2022: $1,297,5562022Revenue 2023: $2,744,630Expenses 2023: $1,811,454Net Income 2023: $933,1762023Revenue 2024: $4,757,069Expenses 2024: $2,076,506Net Income 2024: $2,680,5632024

Highlighted filing

2018

Revenue$934,013
Expenses$693,680
Net Income$240,333
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 16, 2019
Return Version
2018v3.1
Gross Receipts
$934,013
Mission and Program Overview

Mission

Vision-to transform the lives of homeless families mission-to empower families to end their homelessness and poverty through housing, education and supportive communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$294,962$444,703▲ $149,741
Pledges and Grants Receivable$60,237$153,155▲ $92,918
Land, Buildings, and Equipment, Net$52,466$47,465▼ $5,001
Prepaid Expenses and Deferred Charges$2,082$5,533▲ $3,451
Total Assets$409,747$650,856▲ $241,109
Liabilities
Accounts Payable and Accrued Expenses$11,456$22,777▲ $11,321
Mortgage Notes Payable Secured by Investment Property$2,791$2,246▼ $545
Total Liabilities$14,247$25,023▲ $10,776
Net Assets / Fund Balance
Unrestricted Net Assets$282,250$450,982▲ $168,732
Temporarily Rstr Net Assets$63,250$124,851▲ $61,601
Permanently Rstr Net Assets$50,000$50,000→ $0
Total Net Assets Fund Balance$395,500$625,833▲ $230,333
Total Liabilities and Net Assets / Fund Balance$409,747$650,856▲ $241,109

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$45,628$17,550$63,178
Other Land Buildings$1,837$1,313$3,150
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tracy WeaverExecutive DiFT$68,909$68,909

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$895,509
Program Service Revenue
$0
Investment Income
$239
Other Revenue
$38,265
All Other Contributions
$822,809
Change in Net Assets
$240,333

Audited Revenue Reconciliation

Revenue per Audited Statements
$934,013
Revenue Not Reported on Form 990
$2,273
Total Revenue per Audited Statements
$936,286
Total Revenue per Form 990
$934,013
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$385,328
Salaries, Compensation, and Employee Benefits$308,352
Total Fundraising Expense$117,695
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$143,233$-153$48,891$191,971
Occupancy$146,128--$146,128
Current Officers, Directors, Trustees, and Key Employees$58,573$6,891$3,445$68,909
All Other Expenses$49,577-$12,177$61,754
Other Employee Benefits$20,971$700$5,439$27,110
Payroll Taxes$15,751$526$4,085$20,362
Other Expenses$20,133$7,633$24,104$20,133
Fees for Services Other-$1,751$14,346$16,097
Information Technology$9,876$330$2,561$12,767
Fees for Services Accounting-$7,922-$7,922
Insurance-$5,440-$5,440
Travel$5,107$197-$5,304
Depreciation Depletion$5,001--$5,001
Advertising--$2,647$2,647
Interest-$726-$726
Total Functional Expenses$544,022$31,963$117,695$693,680

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$695,953
Expenses per Audited Statements$693,680
Total Expenses per Form 990$693,680
Expenses Not Reported on Form 990$2,273
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$38,265
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Eve$38,265$38,265-$38,265
Total Events$38,265$38,265-$38,265
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7B

Church council of central united methodist church approves members of saranam llc board

Form 990, Page 6, Part VI, Line 11B

Finance committee of saranam llc reviews the document prior to electronic submission.

Form 990, Page 6, Part VI, Line 12C

Conflicts and possible conflicts are required to be disclosed voluntarily by the officer, director or committee member.

Form 990, Page 6, Part VI, Line 15A

Compensation of officers and directors are reviewed and approved during the annual budget process.

Form 990, Page 6, Part VI, Line 15B

Compensation of officers and directors are reviewed and approved during the annual budget process.

Form 990, Page 6, Part VI, Line 19

Financial and operational activities are disclosed on the organization's website. Audit reports and the form 990 information is disclosed on the guidestar website. Additional information is available upon request.

Filing and Contact Details

Filer

Filer Name
Saranam LLC
EIN
20-2036621
Phone
5052996154
Address
1028 EUBANK BLVD NE SUITE F, ALBUQUERQUE, NM 87112

Signing Officer

Name
Tracy Weaver
Title
Executive Director
Phone
5052996154
Signed
2019-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tracy Weaver
Formed
2004
Legal Domicile
Nm
Voting Board Members
15
Independent Board Members
15
Employees
6
Volunteers
726

Preparer

Firm
Moye Waters and Associates
Address
3311 CANDELARIA NE SUITE J, ALBUQUERQUE, NM 87107-1952
Preparer
Ollie D Waters
Phone
5052600616
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Volunteers provided 4,601 hours of donated time to saranam.

Form 990, Page 2, Part III, Line 4A

2018 accomplishments after 15 years in operation, saranam has provided families with safe housing, practical life-skills instruction, a supportive community, and a pathway to self-sufficiency through education. With 80% of families successfully exiting the program into permanent, safe and stable living situations, saranam is a sustainable solution to family homelessness. Saranam's approach to ending poverty and homelessness for families is an innovative two-generational strategy, where both parents and children receive services simultaneously and in sync. Our two-generational strategy is supported by a growing body of anti-poverty research that shows the effectiveness of making both parents and children change agents in working to get out of poverty. 2018 has been a tremendous year for saranam. We welcomed 11 new families into and had 8 families successfully exit our program. Amazingly, we also saw our rate of successful exits increase in 2018, from 74% to an incredible 80% we also ran our successful "500 for 500" campaign in the spring of 2018, envisioned by jennifer riordan, which transformed a 500 life is good grant into over 250,000 in donations. The success of this campaign provides support to 10 families for a year, allowing us to stabilize our organization, now at the cusp of expansion. During the summer of 2018, saranam acquired use of the weil family center, which has allowed us to improve our childhood education programs and our volunteer participation, providing a great boon to our organization. We find ourselves at an exciting moment following 2018, with our organization poised to move from our origins as a grassroots organization into a more sophisticated, mature organization set on expansion. Saranam is developing plans to expand these vital services and is embarking on its most important endeavor to date: the expansion and development of a second site, an additional 25-unit campus community designed to bring more families into self-sufficiency. 2018 outcomes since inception in 2004, saranam has served 122 homeless families in albuquerque, including 142 adults and 244 children. Our program has demonstrated a 80% success rate of families exiting the program having met more than three of our measures of success. Our 80% success rate indicates that when families exit, they are able to fully support themselves, including paying for housing, supplies, utilities, etc., on their own income. The life skills we provide ensure that our families are able to maintain and sustain these outcomes. Eight families successfully exited the program in 2018. We have remained in contact with 64% of families who exited one year or more ago. Of those families, 84% who left the program successfully remain stable after a year. This is incredible number of families: 24 45 children, 27 adults 48 different referral sources 11 new families were brought into saranam in 2018. Unduplicated volunteers: 726 volunteer hours: 4601 2018 graduations: "3 geds "4 certificates of completion from cnm: substance abuse counseling, general studies (2), and health, wellness and public safety "1 associate of applied science degree, diagnostic sonography (cnm) - with highest honors "6 associate of arts degrees (cnm): liberal arts (2), integrated studies (with honors), psychology, sociology, human services "a past family's daughter graduated with her bachelors degree from unm in december organizational evaluation as part of the process for validating our unique model, we have undergone substantial evaluation. This year, we continued to establish effective methods to longitudinally track our measures of success and make plans to establish an aftercare programming to follow and support our families post-exit. These changes will enable us to tell the story of the incredible impact we have on families over time, including stories of past families who purchase homes, move into new employment, or bring their kids back to just check in with us. It is so gratifying to s

Form 990, Part XI, Line 9

Direct fundraising expense 0 direct fundraising expense 0

Financial Statement Notes

Schedule D, Page 3, Part X

Saranam annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the organization takes meet the definition of an uncertain tax position under the income taxes topic of the financial accounting standards codification. As of december 31, 2018 this analysis revealed no uncertain tax positions. Saranam's policy is to classify income tax penalties and interest, when applicable, according to their natural classification. Under the statute of limitations, saranam's tax returns are no longer subject to examination by tax authorities for years prior to 2015.

Schedule D, Page 4, Part XI, Line 2D

Direct fundraising expense 0

Schedule D, Page 4, Part XII, Line 2D

Direct fundraising expense 0

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IRS990/Desc02018 ACCOMPLISHMENTS AFTER 15 YEARS IN OPERATION, SARANAM HAS PROVIDED FAMILIES WITH SAFE HOUSING, PRACTICAL LIFE-SKILLS INSTRUCTION, A SUPPORTIVE COMMUNITY, AND A PATHWAY TO SELF-SUFFICIENCY THROUGH EDUCATION. WITH 80% OF FAMILIES SUCCESSFULLY EXITING THE PROGRAM INTO PERMANENT, SAFE AND STABLE LIVING SITUATIONS, SARANAM IS A SUSTAINABLE SOLUTION TO FAMILY HOMELESSNESS. SARANAM'S APPROACH TO ENDING POVERTY AND HOMELESSNESS FOR FAMILIES IS AN INNOVATIVE TWO-GENERATIONAL STRATEGY, WHERE BOTH PARENTS AND CHILDREN RECEIVE SERVICES SIMULTANEOUSLY AND IN SYNC. OUR TWO-GENERATIONAL STRATEGY IS SUPPORTED BY A GROWING BODY OF ANTI-POVERTY RESEARCH THAT SHOWS THE EFFECTIVENESS OF MAKING BOTH PARENTS AND CHILDREN CHANGE AGENTS IN WORKING TO GET OUT OF POVERTY. 2018 HAS BEEN A TREMENDOUS YEAR FOR SARANAM. WE WELCOMED 11 NEW FAMILIES INTO AND HAD 8 FAMILIES SUCCESSFULLY EXIT OUR PROGRAM. AMAZINGLY, WE ALSO SAW OUR RATE OF SUCCESSFUL EXITS INCREASE IN 2018, FROM 74% TO AN INCREDIBLE 80% WE ALSO RAN OUR SUCCESSFUL "500 FOR 500" CAMPAIGN IN THE SPRING OF 2018, ENVISIONED BY JENNIFER RIORDAN, WHICH TRANSFORMED A 500 LIFE IS GOOD GRANT INTO OVER 250,000 IN DONATIONS. THE SUCCESS OF THIS CAMPAIGN PROVIDES SUPPORT TO 10 FAMILIES FOR A YEAR, ALLOWING US TO STABILIZE OUR ORGANIZATION, NOW AT THE CUSP OF EXPANSION. DURING THE SUMMER OF 2018, SARANAM ACQUIRED USE OF THE WEIL FAMILY CENTER, WHICH HAS ALLOWED US TO IMPROVE OUR CHILDHOOD EDUCATION PROGRAMS AND OUR VOLUNTEER PARTICIPATION, PROVIDING A GREAT BOON TO OUR ORGANIZATION. WE FIND OURSELVES AT AN EXCITING MOMENT FOLLOWING 2018, WITH OUR ORGANIZATION POISED TO MOVE FROM OUR ORIGINS AS A GRASSROOTS ORGANIZATION INTO A MORE SOPHISTICATED, MATURE ORGANIZATION SET ON EXPANSION. SARANAM IS DEVELOPING PLANS TO EXPAND THESE VITAL SERVICES AND IS EMBARKING ON ITS MOST IMPORTANT ENDEAVOR TO DATE: THE EXPANSION AND DEVELOPMENT OF A SECOND SITE, AN ADDITIONAL 25-UNIT CAMPUS COMMUNITY DESIGNED TO BRING MORE FAMILIES INTO SELF-SUFFICIENCY. 2018 OUTCOMES SINCE INCEPTION IN 2004, SARANAM HAS SERVED 122 HOMELESS FAMILIES IN ALBUQUERQUE, INCLUDING 142 ADULTS AND 244 CHILDREN. OUR PROGRAM HAS DEMONSTRATED A 80% SUCCESS RATE OF FAMILIES EXITING THE PROGRAM HAVING MET MORE THAN THREE OF OUR MEASURES OF SUCCESS. OUR 80% SUCCESS RATE INDICATES THAT WHEN FAMILIES EXIT, THEY ARE ABLE TO FULLY SUPPORT THEMSELVES, INCLUDING PAYING FOR HOUSING, SUPPLIES, UTILITIES, ETC., ON THEIR OWN INCOME. THE LIFE SKILLS WE PROVIDE ENSURE THAT OUR FAMILIES ARE ABLE TO MAINTAIN AND SUSTAIN THESE OUTCOMES. EIGHT FAMILIES SUCCESSFULLY EXITED THE PROGRAM IN 2018. WE HAVE REMAINED IN CONTACT WITH 64% OF FAMILIES WHO EXITED ONE YEAR OR MORE AGO. OF THOSE FAMILIES, 84% WHO LEFT THE PROGRAM SUCCESSFULLY REMAIN STABLE AFTER A YEAR. THIS IS INCREDIBLE NUMBER OF FAMILIES: 24 45 CHILDREN, 27 ADULTS 48 DIFFERENT REFERRAL SOURCES 11 NEW FAMILIES WERE BROUGHT INTO SARANAM IN 2018. UNDUPLICATED VOLUNTEERS: 726 VOLUNTEER HOURS: 4601 2018 GRADUATIONS: "3 GEDS "4 CERTIFICATES OF COMPLETION FROM CNM: SUBSTANCE ABUSE COUNSELING, GENERAL STUDIES (2), AND HEALTH, WELLNESS AND PUBLIC SAFETY "1 ASSOCIATE OF APPLIED SCIENCE DEGREE, DIAGNOSTIC SONOGRAPHY (CNM) - WITH HIGHEST HONORS "6 ASSOCIATE OF ARTS DEGREES (CNM): LIBERAL ARTS (2), INTEGRATED STUDIES (WITH HONORS), PSYCHOLOGY, SOCIOLOGY, HUMAN SERVICES "A PAST FAMILY'S DAUGHTER GRADUATED WITH HER BACHELORS DEGREE FROM UNM IN DECEMBER ORGANIZATIONAL EVALUATION AS PART OF THE PROCESS FOR VALIDATING OUR UNIQUE MODEL, WE HAVE UNDERGONE SUBSTANTIAL EVALUATION. THIS YEAR, WE CONTINUED TO ESTABLISH EFFECTIVE METHODS TO LONGITUDINALLY TRACK OUR MEASURES OF SUCCESS AND MAKE PLANS TO ESTABLISH AN AFTERCARE PROGRAMMING TO FOLLOW AND SUPPORT OUR FAMILIES POST-EXIT. THESE CHANGES WILL ENABLE US TO TELL THE STORY OF THE INCREDIBLE IMPACT WE HAVE ON FAMILIES OVER TIME, INCLUDING STORIES OF PAST FAMILIES WHO PURCHASE HOMES, MOVE INTO NEW EMPLOYMENT, OR BRING THEIR KIDS BACK TO JUST CHECK IN WITH US. IT IS SO GRATIFYING TO S
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SARANAM ANNUALLY EVALUATES ALL FEDERAL AND STATE INCOME TAX POSITIONS. THIS PROCESS INCLUDES AN ANALYSIS OF WHETHER THESE INCOME TAX POSITIONS THE ORGANIZATION TAKES MEET THE DEFINITION OF AN UNCERTAIN TAX POSITION UNDER THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS CODIFICATION. AS OF DECEMBER 31, 2018 THIS ANALYSIS REVEALED NO UNCERTAIN TAX POSITIONS. SARANAM'S POLICY IS TO CLASSIFY INCOME TAX PENALTIES AND INTEREST, WHEN APPLICABLE, ACCORDING TO THEIR NATURAL CLASSIFICATION. UNDER THE STATUTE OF LIMITATIONS, SARANAM'S TAX RETURNS ARE NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR YEARS PRIOR TO 2015.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT FUNDRAISING EXPENSE 0
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DIRECT FUNDRAISING EXPENSE 0
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS PROVIDED 4,601 HOURS OF DONATED TIME TO SARANAM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12018 ACCOMPLISHMENTS AFTER 15 YEARS IN OPERATION, SARANAM HAS PROVIDED FAMILIES WITH SAFE HOUSING, PRACTICAL LIFE-SKILLS INSTRUCTION, A SUPPORTIVE COMMUNITY, AND A PATHWAY TO SELF-SUFFICIENCY THROUGH EDUCATION. WITH 80% OF FAMILIES SUCCESSFULLY EXITING THE PROGRAM INTO PERMANENT, SAFE AND STABLE LIVING SITUATIONS, SARANAM IS A SUSTAINABLE SOLUTION TO FAMILY HOMELESSNESS. SARANAM'S APPROACH TO ENDING POVERTY AND HOMELESSNESS FOR FAMILIES IS AN INNOVATIVE TWO-GENERATIONAL STRATEGY, WHERE BOTH PARENTS AND CHILDREN RECEIVE SERVICES SIMULTANEOUSLY AND IN SYNC. OUR TWO-GENERATIONAL STRATEGY IS SUPPORTED BY A GROWING BODY OF ANTI-POVERTY RESEARCH THAT SHOWS THE EFFECTIVENESS OF MAKING BOTH PARENTS AND CHILDREN CHANGE AGENTS IN WORKING TO GET OUT OF POVERTY. 2018 HAS BEEN A TREMENDOUS YEAR FOR SARANAM. WE WELCOMED 11 NEW FAMILIES INTO AND HAD 8 FAMILIES SUCCESSFULLY EXIT OUR PROGRAM. AMAZINGLY, WE ALSO SAW OUR RATE OF SUCCESSFUL EXITS INCREASE IN 2018, FROM 74% TO AN INCREDIBLE 80% WE ALSO RAN OUR SUCCESSFUL "500 FOR 500" CAMPAIGN IN THE SPRING OF 2018, ENVISIONED BY JENNIFER RIORDAN, WHICH TRANSFORMED A 500 LIFE IS GOOD GRANT INTO OVER 250,000 IN DONATIONS. THE SUCCESS OF THIS CAMPAIGN PROVIDES SUPPORT TO 10 FAMILIES FOR A YEAR, ALLOWING US TO STABILIZE OUR ORGANIZATION, NOW AT THE CUSP OF EXPANSION. DURING THE SUMMER OF 2018, SARANAM ACQUIRED USE OF THE WEIL FAMILY CENTER, WHICH HAS ALLOWED US TO IMPROVE OUR CHILDHOOD EDUCATION PROGRAMS AND OUR VOLUNTEER PARTICIPATION, PROVIDING A GREAT BOON TO OUR ORGANIZATION. WE FIND OURSELVES AT AN EXCITING MOMENT FOLLOWING 2018, WITH OUR ORGANIZATION POISED TO MOVE FROM OUR ORIGINS AS A GRASSROOTS ORGANIZATION INTO A MORE SOPHISTICATED, MATURE ORGANIZATION SET ON EXPANSION. SARANAM IS DEVELOPING PLANS TO EXPAND THESE VITAL SERVICES AND IS EMBARKING ON ITS MOST IMPORTANT ENDEAVOR TO DATE: THE EXPANSION AND DEVELOPMENT OF A SECOND SITE, AN ADDITIONAL 25-UNIT CAMPUS COMMUNITY DESIGNED TO BRING MORE FAMILIES INTO SELF-SUFFICIENCY. 2018 OUTCOMES SINCE INCEPTION IN 2004, SARANAM HAS SERVED 122 HOMELESS FAMILIES IN ALBUQUERQUE, INCLUDING 142 ADULTS AND 244 CHILDREN. OUR PROGRAM HAS DEMONSTRATED A 80% SUCCESS RATE OF FAMILIES EXITING THE PROGRAM HAVING MET MORE THAN THREE OF OUR MEASURES OF SUCCESS. OUR 80% SUCCESS RATE INDICATES THAT WHEN FAMILIES EXIT, THEY ARE ABLE TO FULLY SUPPORT THEMSELVES, INCLUDING PAYING FOR HOUSING, SUPPLIES, UTILITIES, ETC., ON THEIR OWN INCOME. THE LIFE SKILLS WE PROVIDE ENSURE THAT OUR FAMILIES ARE ABLE TO MAINTAIN AND SUSTAIN THESE OUTCOMES. EIGHT FAMILIES SUCCESSFULLY EXITED THE PROGRAM IN 2018. WE HAVE REMAINED IN CONTACT WITH 64% OF FAMILIES WHO EXITED ONE YEAR OR MORE AGO. OF THOSE FAMILIES, 84% WHO LEFT THE PROGRAM SUCCESSFULLY REMAIN STABLE AFTER A YEAR. THIS IS INCREDIBLE NUMBER OF FAMILIES: 24 45 CHILDREN, 27 ADULTS 48 DIFFERENT REFERRAL SOURCES 11 NEW FAMILIES WERE BROUGHT INTO SARANAM IN 2018. UNDUPLICATED VOLUNTEERS: 726 VOLUNTEER HOURS: 4601 2018 GRADUATIONS: "3 GEDS "4 CERTIFICATES OF COMPLETION FROM CNM: SUBSTANCE ABUSE COUNSELING, GENERAL STUDIES (2), AND HEALTH, WELLNESS AND PUBLIC SAFETY "1 ASSOCIATE OF APPLIED SCIENCE DEGREE, DIAGNOSTIC SONOGRAPHY (CNM) - WITH HIGHEST HONORS "6 ASSOCIATE OF ARTS DEGREES (CNM): LIBERAL ARTS (2), INTEGRATED STUDIES (WITH HONORS), PSYCHOLOGY, SOCIOLOGY, HUMAN SERVICES "A PAST FAMILY'S DAUGHTER GRADUATED WITH HER BACHELORS DEGREE FROM UNM IN DECEMBER ORGANIZATIONAL EVALUATION AS PART OF THE PROCESS FOR VALIDATING OUR UNIQUE MODEL, WE HAVE UNDERGONE SUBSTANTIAL EVALUATION. THIS YEAR, WE CONTINUED TO ESTABLISH EFFECTIVE METHODS TO LONGITUDINALLY TRACK OUR MEASURES OF SUCCESS AND MAKE PLANS TO ESTABLISH AN AFTERCARE PROGRAMMING TO FOLLOW AND SUPPORT OUR FAMILIES POST-EXIT. THESE CHANGES WILL ENABLE US TO TELL THE STORY OF THE INCREDIBLE IMPACT WE HAVE ON FAMILIES OVER TIME, INCLUDING STORIES OF PAST FAMILIES WHO PURCHASE HOMES, MOVE INTO NEW EMPLOYMENT, OR BRING THEIR KIDS BACK TO JUST CHECK IN WITH US. IT IS SO GRATIFYING TO S
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CHURCH COUNCIL OF CENTRAL UNITED METHODIST CHURCH APPROVES MEMBERS OF SARANAM LLC BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FINANCE COMMITTEE OF SARANAM LLC REVIEWS THE DOCUMENT PRIOR TO ELECTRONIC SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONFLICTS AND POSSIBLE CONFLICTS ARE REQUIRED TO BE DISCLOSED VOLUNTARILY BY THE OFFICER, DIRECTOR OR COMMITTEE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION OF OFFICERS AND DIRECTORS ARE REVIEWED AND APPROVED DURING THE ANNUAL BUDGET PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION OF OFFICERS AND DIRECTORS ARE REVIEWED AND APPROVED DURING THE ANNUAL BUDGET PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FINANCIAL AND OPERATIONAL ACTIVITIES ARE DISCLOSED ON THE ORGANIZATION'S WEBSITE. AUDIT REPORTS AND THE FORM 990 INFORMATION IS DISCLOSED ON THE GUIDESTAR WEBSITE. ADDITIONAL INFORMATION IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DIRECT FUNDRAISING EXPENSE 0 DIRECT FUNDRAISING EXPENSE 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.8$1.06$11.7$4.76$2.08$2.68
2023Detailed filing. Detailed filing data is available for this year.$9.70$1.09$8.62$2.74$1.81$0.93
2022Detailed filing. Detailed filing data is available for this year.$8.47$0.80$7.68$2.66$1.36$1.30
2021Detailed filing. Detailed filing data is available for this year.$7.40$0.89$6.51$6.22$1.26$4.96
2020Detailed filing. Detailed filing data is available for this year.$1.70$0.14$1.55$1.54$1.05$0.49
2019Detailed filing. Detailed filing data is available for this year.$1.01$0.03$0.98$1.24$0.89$0.35
2018Detailed filing. Detailed filing data is available for this year.$0.65$0.03$0.63$0.93$0.69$0.24
2017Detailed filing. Detailed filing data is available for this year.$0.41$0.01$0.40$0.78$0.64$0.14
2016Detailed filing. Detailed filing data is available for this year.$0.27$0.02$0.25$0.75$0.69$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.21$0.02$0.20$0.60$0.62$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.23$0.01$0.22$0.63$0.56$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.43$0.44$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.01$0.16$0.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.01$0.14$0.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.01$0.11$0.30