Civic Intelligence

Caring for Children Inc

990 • Fiscal year 2015 • EIN 56-1182686

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 29, 2016

PO Box 19113Asheville, NC 28815

(828) 298-0186

Siviq Scores

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

Liabilities / Assets

68th percentile

0.30x

Higher debt load relative to assets than 68% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

59th percentile

0.17x

Higher debt load relative to revenue than 59% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

34th percentile

-1.8%

Higher net margin than 34% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

90th percentile

$199,500

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

92nd percentile

57%

Faster asset growth than 92% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

74th percentile

18%

Faster revenue growth than 74% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,850,880

Up $669,690 (+57%) from 2014

Net Assets

Up

$1,292,414

Up $596,128 (+86%) from 2014

Liabilities

Up

$558,466

Up $73,562 (+15%) from 2014

Revenue

Up

$3,271,744

Up $494,484 (+18%) from 2014

Expenses

Up

$3,330,435

Up $469,522 (+16%) from 2014

Net Income

Up

-$58,691

Up $24,962 (+30%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,207,146Liabilities 2011: $478,942Net Assets 2011: $728,2042011Assets 2012: $1,335,216Liabilities 2012: $580,158Net Assets 2012: $755,0582012Assets 2013: $1,258,302Liabilities 2013: $490,403Net Assets 2013: $767,8992013Assets 2014: $1,181,190Liabilities 2014: $484,904Net Assets 2014: $696,2862014Assets 2015: $1,850,880Liabilities 2015: $558,466Net Assets 2015: $1,292,4142015Assets 2016: $1,805,857Liabilities 2016: $686,484Net Assets 2016: $1,119,3732016Assets 2017: $1,717,556Liabilities 2017: $501,402Net Assets 2017: $1,216,1542017Assets 2018: $1,684,740Liabilities 2018: $368,737Net Assets 2018: $1,316,0032018Assets 2019: $1,524,969Liabilities 2019: $362,535Net Assets 2019: $1,162,4342019Assets 2020: $1,286,368Liabilities 2020: $179,440Net Assets 2020: $1,106,9282020Assets 2021: $1,256,369Liabilities 2021: $150,237Net Assets 2021: $1,106,1322021Assets 2022: $1,743,087Liabilities 2022: $62,465Net Assets 2022: $1,680,6222022

Highlighted filing

2015

Assets$1,850,880
Liabilities$558,466
Net Assets$1,292,414

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $2,977,381Expenses 2011: $2,622,711Net Income 2011: $354,6702011Expenses 2012: $2,809,4202012Revenue 2013: $2,769,717Expenses 2013: $2,759,769Net Income 2013: $9,9482013Revenue 2014: $2,777,260Expenses 2014: $2,860,913Net Income 2014: -$83,6532014Revenue 2015: $3,271,744Expenses 2015: $3,330,435Net Income 2015: -$58,6912015Revenue 2016: $3,542,085Expenses 2016: $3,607,951Net Income 2016: -$65,8662016Revenue 2017: $4,370,693Expenses 2017: $4,277,737Net Income 2017: $92,9562017Revenue 2018: $4,211,202Expenses 2018: $4,113,629Net Income 2018: $97,5732018Revenue 2019: $3,462,845Expenses 2019: $3,614,007Net Income 2019: -$151,1622019Revenue 2020: $2,403,435Expenses 2020: $2,458,527Net Income 2020: -$55,0922020Revenue 2021: $2,036,853Expenses 2021: $2,046,715Net Income 2021: -$9,8622021Revenue 2022: $2,455,025Expenses 2022: $1,874,540Net Income 2022: $580,4852022

Highlighted filing

2015

Revenue$3,271,744
Expenses$3,330,435
Net Income-$58,691
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 29, 2016
Return Version
2014v6.0
Gross Receipts
$3,280,699
Mission and Program Overview

Mission

To provide group homes, emergency shelters, foster care and other services for children in crisis in buncombe county, north carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$514,669$1,084,017▲ $569,348
Accounts Receivable$297,983$317,490▲ $19,507
Other Notes and Loans Receivable, Net$254,900$250,961▼ $3,939
Cash and Non-Interest-Bearing Accounts$62,598$129,157▲ $66,559
Investments Other Securities$35,447$35,626▲ $179
Prepaid Expenses and Deferred Charges$12,577$27,579▲ $15,002
Pledges and Grants Receivable$1,020$6,050▲ $5,030
Savings and Temporary Cash Investments$1,996--
Total Assets$1,181,190$1,850,880▲ $669,690
Liabilities
Mortgage Notes Payable Secured by Investment Property$314,145$302,631▼ $11,514
Accounts Payable and Accrued Expenses$170,759$167,499▼ $3,260
Unsecured Notes Loans Payable-$50,421-
Other Liabilities-$37,915-
Total Liabilities$484,904$558,466▲ $73,562
Net Assets / Fund Balance
Unrestricted Net Assets$225,269$866,516▲ $641,247
Temporarily Rstr Net Assets$471,017$425,898▼ $45,119
Total Net Assets Fund Balance$696,286$1,292,414▲ $596,128
Total Liabilities and Net Assets / Fund Balance$1,181,190$1,850,880▲ $669,690

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$747,411$48,963$796,374
Land$310,600-$310,600
Other Land Buildings$16,906-$16,906
Equipment$9,100-$9,100

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$494,550$135,656▲ $68$180,775$449,499
2014$543,678$114,775▲ $65$163,968$494,550
2013$521,598-▲ $22,080-$543,678
2012$552,367-▼ $30,944-$521,598
2011$244,931-▲ $307,436-$552,367
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John LauterbachExecutive DiFT$64,075$4,063$68,138

Board Members and Trustees

NameTitle
John EvansPresident
Allison MorisonDirector
Dick RossDirector
Doug HillDirector
Kippin JordanDirector
Perry HatoumDirector
Rick EckerdDirector
Ron EnglishDirector
Spencer ButlerDirector
Stacy AndersonDirector
Bill ReynoldsDirector (thru Se
Bob WeilerDirector (thru Se
Leigh YoungDirector (thru Se
Katie ChappellEx-officio
Tony MooreEx-officio
Will JonesEx-officio
Andrea EglintonSecretary
Hunter LanierTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,643,865
Program Service Revenue
$1,605,709
Investment Income
$19,076
Other Revenue
$3,094
All Other Contributions
$132,737
Change in Net Assets
$-58,691

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,271,744
Revenue Not Reported on Form 990
$666,774
Total Revenue per Audited Statements
$3,938,518
Total Revenue per Form 990
$3,271,744
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,660,564
Other Expenses$947,168
Grants and Similar Amounts Paid$722,703
Total Fundraising Expense$76,387
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,145,917$91,532$48,733$1,286,182
Grants to Domestic Individuals$722,703--$722,703
Fees for Services Other$431,168$43,000$2,280$476,448
Office Expenses$236,404$21,010$10,475$267,889
Other Employee Benefits$148,992$9,034$7,071$165,097
Payroll Taxes$104,008$12,801$4,317$121,126
Current Officers, Directors, Trustees, and Key Employees$79,343$8,816-$88,159
Occupancy$65,330$6,751$2,528$74,609
Depreciation Depletion$65,119$-1,060-$64,059
Insurance$21,584$3,175-$24,759
Interest$14,844$676$8$15,528
Fees for Services Accounting$11,418$1,058$319$12,795
Other Expenses$1,778$3,784$273$5,835
Advertising$3,498$179$350$4,027
Fees for Services Legal$516$246$14$776
Conferences and Meetings$72$352$19$443
Total Functional Expenses$3,052,694$201,354$76,387$3,330,435

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,342,390
Expenses per Audited Statements$3,330,435
Total Expenses per Form 990$3,330,435
Expenses Not Reported on Form 990$11,955
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$8,955
Fundraising Gross Income$6,091
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Brighter Tomorr$71,842$6,091$954$5,137
Total Events$71,842$6,091$8,955$-2,864
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$37,915
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 1A

The executive committee has and may exercise, in the interim between meetings of the board, and except as otherwise provided in the bylaws, all the powers of the board. The committee is comprised of the chairman, vice chairman, secretary, and treasurer. The chairman of the board is the chairman of the committee. Meetings of the executive committee may be called by or at the request of the chairman or by two or more of the executive committee members.

Form 990, Page 6, Part VI, Line 6

The sole member of the organization is eckerd youth alternatives, inc., a florida nonprofit corporation.

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

The board is elected at the annual meeting of the sole member, with each director elected to hold office until the election of his/her successor or until his/her death, resignation, or removal. Directors are chosen by vote of the sole member.

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

The return was prepared by an independent accountant with assistance and oversight by management. Upon completion and review, the return was provided to each voting board member before filing with the irs.

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

The conflict of interest policy is reviewed with each voting member of the board at the first scheduled meeting of each year and all members are required to complete and submit a disclosure statement.

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

The board of directors obtains an annual review of salaries and benefits for organizations of similar size and position from "benchmarks", a statewide membership organization of child caring agencies. The board uses this information to determine compensation for all positions. Reviews are held annually.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request at the organization's administrative office.

Filing and Contact Details

Filer

Filer Name
Caring for Children Inc
EIN
56-1182686
Phone
8282980186
Address
PO BOX 19113, ASHEVILLE, NC 28815

Signing Officer

Name
John Lauterbach
Title
Executive Director
Phone
8282980186
Signed
2016-02-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Lauterbach
Formed
1975
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
14
Employees
67
Volunteers
20

Preparer

Firm
Carter P C
Address
16 BILTMORE AVE STE 200, ASHEVILLE, NC 28801
Preparer
Rufus W Dollar
Phone
8282599900
Supplemental Narrative

Additional Explanations

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

Cornerstone - a home for up to eight young women ages 16-21 who have long- term problems, are too old for adoption, and have no option for returning home. ------------------------------------------------------------------------ trinity place - a shelter for children ages 10-17 who need time and a safe place to work through their problems, and may stay up to 15 days. ------------------------------------------------------------------------ angel's watch - a foster care program providing temporary care for children ages 0-6 whose families are unable to care for them because of a crisis. ------------------------------------------------------------------------ project respite - a program providing scholarships for families of severely emotionally disturbed children. ------------------------------------------------------------------------ percs - an emergency, therapeutic foster care program for buncombe county children who have been removed from their homes by the department of social services. ------------------------------------------------------------------------ phoenix girls/boys - a boys' home and a girls' home for children with emotional and behavioral challenges who cannot live with their families and who can benefit from a structured foster care program in a group home setting. ------------------------------------------------------------------------ psychiatric services - a program that provides medication management services for children who are being served in the outpatient services program.

Form 990, Part IX, Line 11G

Psychiatric fees 372,673 0 0 other fees 61,495 43,000 2,280 less: donated services -3,000 0 0

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from federal income taxes under section 501(c) (3) of the internal revenue code except on net income derived from unrelated business activities. The organization believes that it has appropriate support for any tax positions taken and as such does not have any uncertain tax positions material to the financial statements.

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

Increase in book property value 648,050 direct fundraising expenses 8,955

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

Direct fundraising expenses 8,955

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