Civic Intelligence

The Relatives Inc.

990 • Fiscal year 2023 • EIN 56-1082022

Oct 01, 2022 to Sep 30, 2023 • Filed on Mar 28, 2024

6220 Thermal RoadCharlotte, NC 28211-5630

(704) 344-1111

Siviq Scores

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

Liabilities / Assets

38th percentile

0.18x

Higher debt load relative to assets than 38% of similar nonprofits.

2023 filings • NTEE P • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

66th percentile

0.43x

Higher debt load relative to revenue than 66% of similar nonprofits.

2023 filings • NTEE P • $10M-$25M nonprofits • Source year 2023

Net Margin

76th percentile

15%

Higher net margin than 76% of similar nonprofits.

2023 filings • NTEE P • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

80th percentile

$321,772

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

2023 filings • NTEE P • $10M-$25M nonprofits • Source year 2023

Asset Growth

60th percentile

12%

Faster asset growth than 60% of similar nonprofits.

2023 filings • NTEE P • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

60th percentile

11%

Faster revenue growth than 60% of similar nonprofits.

2023 filings • NTEE P • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$12,255,343

Up $1,323,603 (+12%) from 2022

Net Assets

Up

$10,092,309

Up $766,854 (+8.2%) from 2022

Liabilities

Up

$2,163,034

Up $556,749 (+35%) from 2022

Revenue

Up

$5,029,483

Up $489,497 (+11%) from 2022

Expenses

Up

$4,262,629

Up $362,566 (+9.3%) from 2022

Net Income

Up

$766,854

Up $126,931 (+20%) from 2022

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $1,035,951Liabilities 2011: $63,310Net Assets 2011: $972,6412011Assets 2012: $1,207,774Liabilities 2012: $79,075Net Assets 2012: $1,128,6992012Assets 2013: $1,513,802Liabilities 2013: $113,447Net Assets 2013: $1,400,3552013Assets 2014: $1,839,182Liabilities 2014: $144,742Net Assets 2014: $1,694,4402014Assets 2015: $2,062,407Liabilities 2015: $179,116Net Assets 2015: $1,883,2912015Assets 2016: $2,439,002Liabilities 2016: $218,104Net Assets 2016: $2,220,8982016Assets 2017: $2,850,195Liabilities 2017: $155,544Net Assets 2017: $2,694,6512017Assets 2018: $1,973,208Liabilities 2018: $105,676Net Assets 2018: $1,867,5322018Assets 2019: $2,463,718Liabilities 2019: $124,300Net Assets 2019: $2,339,4182019Assets 2020: $5,098,911Liabilities 2020: $1,950,001Net Assets 2020: $3,148,9102020Assets 2021: $9,272,614Liabilities 2021: $587,082Net Assets 2021: $8,685,5322021Assets 2022: $10,931,740Liabilities 2022: $1,606,285Net Assets 2022: $9,325,4552022Assets 2023: $12,255,343Liabilities 2023: $2,163,034Net Assets 2023: $10,092,3092023Assets 2024: $11,006,675Liabilities 2024: $439,521Net Assets 2024: $10,567,1542024

Highlighted filing

2023

Assets$12,255,343
Liabilities$2,163,034
Net Assets$10,092,309

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $1,174,743Expenses 2011: $1,039,408Net Income 2011: $135,3352011Expenses 2012: $1,206,3862012Expenses 2013: $1,287,7002013Revenue 2014: $2,010,746Expenses 2014: $1,717,493Net Income 2014: $293,2532014Revenue 2015: $2,045,096Expenses 2015: $1,855,801Net Income 2015: $189,2952015Revenue 2016: $2,150,777Expenses 2016: $1,813,170Net Income 2016: $337,6072016Revenue 2017: $2,487,617Expenses 2017: $2,096,212Net Income 2017: $391,4052017Revenue 2018: $2,909,340Expenses 2018: $3,603,777Net Income 2018: -$694,4372018Revenue 2019: $3,055,378Expenses 2019: $2,583,492Net Income 2019: $471,8862019Revenue 2020: $3,763,165Expenses 2020: $2,953,673Net Income 2020: $809,4922020Revenue 2021: $8,584,103Expenses 2021: $3,047,481Net Income 2021: $5,536,6222021Revenue 2022: $4,539,986Expenses 2022: $3,900,063Net Income 2022: $639,9232022Revenue 2023: $5,029,483Expenses 2023: $4,262,629Net Income 2023: $766,8542023Revenue 2024: $5,000,619Expenses 2024: $4,525,774Net Income 2024: $474,8452024

Highlighted filing

2023

Revenue$5,029,483
Expenses$4,262,629
Net Income$766,854
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Mar 28, 2024
Return Version
2022v5.0
Gross Receipts
$5,062,444
Mission and Program Overview

Mission

To keep kids safe, families together, and to prepare youth and young adults to be healthy, productive, and engaged members of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,575,056$6,520,649▲ $945,593
Accounts Receivable$2,740,922$3,613,672▲ $872,750
Pledges and Grants Receivable$2,105,805$1,656,780▼ $449,025
Cash and Non-Interest-Bearing Accounts$471,784$435,028▼ $36,756
Prepaid Expenses and Deferred Charges$38,173$29,214▼ $8,959
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$10,931,740$12,255,343▲ $1,323,603
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$650,834$1,130,871▲ $480,037
Accounts Payable and Accrued Expenses$955,451$856,279▼ $99,172
Deferred Revenue$0$175,884▲ $175,884
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,606,285$2,163,034▲ $556,749
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,325,455$10,092,309▲ $766,854
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$9,325,455$10,092,309▲ $766,854
Total Liabilities and Net Assets / Fund Balance$10,931,740$12,255,343▲ $1,323,603

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,787,911$548,054$6,335,965
Land$503,532-$503,532
Equipment$185,213$105,030$290,243
Other Land Buildings$38,700$69,923$108,623
Leasehold Improvements$5,293$55,689$60,982

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$8,701---$8,701
2021$8,701---$8,701
2020$8,701---$8,701
2019$8,701---$8,701
2018$8,701---$8,701
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Trish HobsonExecutive DirectorFT$115,428$20,693$136,121

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$4,954,441
Program Service Revenue
$107,298
Investment Income
$705
Other Revenue
$-32,961
All Other Contributions
$2,158,818
Change in Net Assets
$766,854

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,029,483
Revenue Not Reported on Form 990
$36,154,046
Total Revenue per Audited Statements
$41,183,529
Total Revenue per Form 990
$5,029,483
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,778,411
Other Expenses$1,484,218
Total Fundraising Expense$698,420
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,568,261$93,773$387,390$2,049,424
Other Employee Benefits$274,434$16,163$69,187$359,784
Depreciation Depletion$196,246$11,791$42,689$250,726
Fees for Services Other$180,760$12,050$36,338$229,148
Current Officers, Directors, Trustees, and Key Employees$132,632$7,931$32,762$173,325
Payroll Taxes$124,190$7,327$30,935$162,452
Office Expenses$87,200$1,806$12,677$101,683
Occupancy$79,111$3,365$12,080$94,556
All Other Expenses$52,943$7,028$24,684$84,655
Insurance$58,022$20,236$5,304$83,562
Interest$38,642$384$262$39,288
Pension Plan Contributions$26,163$1,572$5,691$33,426
Travel$28,695$850$1,701$31,246
Advertising$9,648$1,358$14,821$25,827
Fees for Services Accounting$2,500$8,822$1,492$12,814
Other Expenses$1,650$1,404$676$1,650
Total Functional Expenses$3,362,207$202,002$698,420$4,262,629

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$39,860,260
Expenses Not Reported on Form 990$35,597,631
Expenses per Audited Statements$4,262,629
Total Expenses per Form 990$4,262,629
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$32,961
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Breakfast$938,280-$2,293-
Total Events$938,280-$32,961$-32,961
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 6:

Related organization alexander youth network is the sole member of the relatives corporation.

FORM 990, PART VI, SECTION A, LINE 7A:

Related organization alexander youth network has the authority to approve or veto elections to the board of directors of the relatives.

FORM 990, PART VI, SECTION A, LINE 7B:

The board of directors of related organization alexander youth network (ayn) has the obligation to approve the relatives' requests for amendments to bylaws, adoption or modification of the mission statement, modifications to the relationship between ayn and the relatives, material transfer of assets, grants of any lien on material portion of assets, dissolution, merger, formation or investment in any new business venture, hiring and replacement of the executive director of the relatives, issuance of debt, adoption of budgets and financial plans, modification to lines of service offered by the relatives, filing for debt relief, or any other matters described in the bylaws of the relatives.

FORM 990, PART VI, SECTION B, LINE 11B:

The form 990 is distributed to all board members prior to submission to the irs, and reviewed at the organization's next scheduled board meeting.

FORM 990, PART VI, SECTION B, LINE 12C:

The organization provides copies of the conflict of interest policy to board members and members of management. Annually, each individual is required to review and sign the document, acknowledging their willingness to abide by the policy and disclosing any potential conflicts, individuals must also alert the board of any conflicts that may arise.

FORM 990, PART VI, SECTION B, LINE 15:

The relatives does not have its own compensation policy as compensation is determined by related organization, alexander youth network (ayn). Ayn's compensation policy is as follows: the compensation committee establishes and evaluates the performance and total compensation of the ceo. Annually, the compensation committee evaluates performance and compares with that of other agencies of similar size and function to determine appropriate ceo compensation. Using the same process as above, the ceo in conjunction with the human resources department is responsible for determining the compensation for other officers and employees.

FORM 990, PART VI, SECTION C, LINE 19:

Financial statements and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).

Filing and Contact Details

Filer

Filer Name
The Relatives Inc
EIN
56-1082022
In Care Of
% MANUEL GOMEZ
Phone
7043441111
Address
6220 THERMAL ROAD, CHARLOTTE, NC 28211-5630

Signing Officer

Name
Trish Hobson
Title
Executive Director
Phone
7013441111
Signed
2024-03-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Trish Hobson
Formed
1974
Legal Domicile
Nc
Voting Board Members
20
Independent Board Members
20
Employees
72
Volunteers
143

Preparer

Firm
Bdo USA
Address
421 Fayetteville Street Suite 300, Raleigh, NC 27601
Preparer
Sandra L Feinsmith
Phone
9192781936
Supplemental Narrative

Additional Explanations

FORM 990, PART V, LINE 1A, FORM 1096:

Alexander youth network (ein 56-0554413) files form 1096.

FORM 990, PART V, LINE 2A:

Employees of the relatives, inc. Are included on form w-3 filed by related organization alexander youth network (ein 56-0554413). There were 72 employees of the relatives paid by the related organization in 2022.

FORM 990, PART XII, LINE 2C:

The finance committee's process of audit evaluation has not changed from the prior year.

Financial Statement Notes

SCHEDULE D, PART V, LINE 4:

Endowment assets were transferred to related organization, alexander children's foundation

SCHEDULE D, PART X, LINE 2:

Management evaluated ayn's tax positions and concluded that ayn had taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provision of the income taxes topic of the fasb asc.

SCHEDULE D, PART XI, LINE 2D:

Fundraising expense $ 32,961 revenue of related orgs, reported in consolidated financials $36,121,085 total to schedule d, part xi, line 2d: $36,154,046

SCHEDULE D, PART XII, LINE 2D:

Fundraising expense $ 32,961 expense of related orgs, reported in consolidated financials $35,564,670 total to schedule d, part xii, line 2d: $35,597,631

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.0$0.44$10.6$5.00$4.53$0.47
2023Detailed filing. Detailed filing data is available for this year.$12.3$2.16$10.1$5.03$4.26$0.77
2022Detailed filing. Detailed filing data is available for this year.$10.9$1.61$9.33$4.54$3.90$0.64
2021Detailed filing. Detailed filing data is available for this year.$9.27$0.59$8.69$8.58$3.05$5.54
2020Detailed filing. Detailed filing data is available for this year.$5.10$1.95$3.15$3.76$2.95$0.81
2019Detailed filing. Detailed filing data is available for this year.$2.46$0.12$2.34$3.06$2.58$0.47
2018Detailed filing. Detailed filing data is available for this year.$1.97$0.11$1.87$2.91$3.60$0.69
2017Detailed filing. Detailed filing data is available for this year.$2.85$0.16$2.69$2.49$2.10$0.39
2016Detailed filing. Detailed filing data is available for this year.$2.44$0.22$2.22$2.15$1.81$0.34
2015Detailed filing. Detailed filing data is available for this year.$2.06$0.18$1.88$2.05$1.86$0.19
2014Detailed filing. Detailed filing data is available for this year.$1.84$0.14$1.69$2.01$1.72$0.29
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$0.11$1.40$1.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.08$1.13$1.21
2011Summary only. Only limited summary data is available for this year.$1.04$0.06$0.97$1.17$1.04$0.14
Peer Organizations

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