Civic Intelligence

Friends of Switchpoint Inc

EIN 76-0740457 • 501(c)3 • St George, UT

Profile

To mobilize individuals and resources to provide creative solutions to community problems. Significant activities include operating a homeless shelter, a community food pantry, and a community resource center.

948 North 1300 WestSt George, UT 84770

switchpointcrc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

54th percentile

0.26x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.40x

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

501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

87th percentile

44%

Higher net margin than 87% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

85th percentile

24%

Faster asset growth than 85% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

75th percentile

21%

Faster revenue growth than 75% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Up

$52,997,035

Up $4,525,846 (+9.3%) from 2023

Liabilities

Down

$9,526,111

Down $3,010,911 (-24%) from 2023

Net Assets

Up

$43,470,924

Up $7,536,757 (+21%) from 2023

Revenue

Down

$30,481,841

Down $818,696 (-2.6%) from 2023

Expenses

Up

$22,945,084

Up $5,377,018 (+31%) from 2023

Net Income

Down

$7,536,757

Down $6,195,714 (-45%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2015: $497,194Liabilities 2015: $68,449Net Assets 2015: $428,7452015Assets 2016: $685,307Liabilities 2016: $56,717Net Assets 2016: $628,5902016Assets 2017: $1,201,145Liabilities 2017: $36,231Net Assets 2017: $1,164,9142017Assets 2018: $1,822,482Liabilities 2018: $12,100Net Assets 2018: $1,810,3822018Assets 2019: $5,318,463Liabilities 2019: $1,539,683Net Assets 2019: $3,778,7802019Assets 2020: $6,913,421Liabilities 2020: $2,579,666Net Assets 2020: $4,333,7552020Assets 2021: $11,977,963Liabilities 2021: $3,098,051Net Assets 2021: $8,879,9122021Assets 2022: $39,148,693Liabilities 2022: $16,946,997Net Assets 2022: $22,201,6962022Assets 2023: $48,471,189Liabilities 2023: $12,537,022Net Assets 2023: $35,934,1672023Assets 2024: $52,997,035Liabilities 2024: $9,526,111Net Assets 2024: $43,470,9242024

Highlighted filing

2024

Assets$52,997,035
Liabilities$9,526,111
Net Assets$43,470,924

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0Revenue 2015: $2,368,304Expenses 2015: $2,112,343Net Income 2015: $255,9612015Revenue 2016: $4,428,788Expenses 2016: $4,228,943Net Income 2016: $199,8452016Revenue 2017: $5,009,270Expenses 2017: $4,229,786Net Income 2017: $779,4842017Revenue 2018: $5,560,014Expenses 2018: $4,606,901Net Income 2018: $953,1132018Revenue 2019: $6,900,025Expenses 2019: $4,795,264Net Income 2019: $2,104,7612019Revenue 2020: $7,490,772Expenses 2020: $6,885,797Net Income 2020: $604,9752020Revenue 2021: $16,354,391Expenses 2021: $11,808,234Net Income 2021: $4,546,1572021Revenue 2022: $25,790,999Expenses 2022: $13,125,257Net Income 2022: $12,665,7422022Revenue 2023: $31,300,537Expenses 2023: $17,568,066Net Income 2023: $13,732,4712023Revenue 2024: $30,481,841Expenses 2024: $22,945,084Net Income 2024: $7,536,7572024

Highlighted filing

2024

Revenue$30,481,841
Expenses$22,945,084
Net Income$7,536,757

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Aug 30, 2023
Return Version
2021v4.1
Gross Receipts
$25,914,112
Mission and Program Overview

Mission

To mobilize individuals and resources to provide creative solutions to community problems. Significant activities include operating a homeless shelter, a community food pantry, and a community resource center.

To mobilize individuals and resources to deliver creative solutions to community problems. Signifigant activities include operating homeless shelter, community food pantry and a community resource center to help those seeking employment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,425,092$32,976,368▲ $27,551,276
Other Notes and Loans Receivable, Net$2,353,882$2,267,214▼ $86,668
Cash and Non-Interest-Bearing Accounts$2,384,989$2,065,543▼ $319,446
Savings and Temporary Cash Investments$292,216$0▼ $292,216
Pledges and Grants Receivable$459,625$290,520▼ $169,105
Inventories for Sale or Use$337,213$214,100▼ $123,113
Accounts Receivable$123,356$26,868▼ $96,488
Prepaid Expenses and Deferred Charges$4,868$4,868→ $0
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$11,977,963$39,148,693▲ $27,170,730
Other Assets Total$596,722$1,303,212▲ $706,490
Liabilities
Unsecured Notes Loans Payable$2,334,245$16,714,972▲ $14,380,727
Other Liabilities$172,033$186,516▲ $14,483
Accounts Payable and Accrued Expenses$591,773$45,509▼ $546,264
Total Liabilities$3,098,051$16,946,997▲ $13,848,946
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,316,713$19,842,696▲ $12,525,983
Net Assets With Donor Restrictions$1,563,199$2,359,000▲ $795,801
Total Net Assets Fund Balance$8,879,912$22,201,696▲ $13,321,784
Total Liabilities and Net Assets / Fund Balance$11,977,963$39,148,693▲ $27,170,730

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$25,940,182$497,979$26,438,161
Land$4,091,055-$3,544,900
Leasehold Improvements$2,472,222$199,603$2,671,825
Equipment$472,909$190,504$663,413
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carol HollowellExecutive DirectorFT$146,607$146,607

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$21,919,580
Program Service Revenue
$2,523,144
Investment Income
$211,148
Other Revenue
$1,137,127
All Other Contributions
$6,759,617
Change in Net Assets
$12,665,742

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory2$3,863,735Cost
Clothing and Household Goods-$168,712Estimated
Total Noncash Contributions2$4,032,447-

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,790,999
Total Revenue per Audited Statements
$25,790,999
Total Revenue per Form 990
$25,790,999
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,398,297
Grants and Similar Amounts Paid$4,895,043
Other Expenses$2,831,917
Total Fundraising Expense$9,692
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$4,895,043--$4,895,043
Other Salaries and Wages$3,603,378$708,325-$4,311,703
Other Employee Benefits$731,326$208,661-$939,987
Fees for Services Other$696,389$22,421-$718,810
Depreciation Depletion$454,971$59,430-$514,401
All Other Expenses$340,618$19,276$9,692$369,586
Interest$174,123--$174,123
Current Officers, Directors, Trustees, and Key Employees$134,878$11,729-$146,607
Insurance$127,973--$127,973
Other Expenses$102,784$5,646-$102,784
Advertising$74,904--$74,904
Travel$54,413$5,983-$60,396
Total Functional Expenses$12,074,094$1,041,471$9,692$13,125,257

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,125,257
Total Expenses per Audited Statements$13,125,257
Total Expenses per Form 990$13,125,257
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$143,596
Security Deposits$34,295
accrued interest$8,625
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 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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Organization's process to review form 990 - finance manager to begin review process and then the board of directors.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Employees are required to fill out an annual form to comply with the policy.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation packages are reviewed by finance committee annually.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation packages are reviewed by finance committee annually.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Friends of Switchpoint Inc
EIN
76-0740457
Phone
4356289310
Address
948 NORTH 1300 WEST, ST GEORGE, UT 84770

Signing Officer

Name
Carol Hollowell
Title
Executive Director
Signed
2023-08-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Hollowell
Voting Board Members
11
Independent Board Members
11
Employees
285
Volunteers
850

Preparer

Firm
Huber Erickson & Bowman LLC
Address
375 South 300 West, Salt Lake City, UT 84101
Preparer
David Mceuen
Phone
8013285000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Animal Daycare Switchpoint operates a boarding, daycare, grooming and training facility for dogs and cats. All profits help fund the homeless shelter operations and provide job training opportunities. OTHER PROGRAM SERVICES 5: Crossover & Clinical Switchpoint operates a 40 bed residential treatment facility and outpatient treatment facility for addiction recovery for adults. OTHER PROGRAM SERVICES 6: Tooele Community Resource Center Switchpoint operates a food pantry, domestic violence shelter, community resource center and thrift store in Tooele. OTHER PROGRAM SERVICES 7: SALT LAKE CITY (SLC) - 3 AFFORDABLE HOUSING FACILITIES FOR LOW INCOME SENIORS AND VETERANS. OTHER PROGRAM SERVICES 8: RISE GARDEN - AN AEROPONIC GARDEN WHERE WE GROW PRODUCE FOR OUR SHELTER, PANTRY, AND SOUP KITCHEN. WE ALSO SELL SOME OF THE PRODUCE FOR INCOME TO HELP OFFSET OPERATING COSTS OF THE SHELTER. OTHER PROGRAM SERVICES 9: CHILDCARE - 24/7 STEPPING STONES CHILDCARE FACILITY. WE COMMIT TO PROVIDING A SAFE, SECURE, LOVING ENVIRONMENT WHICH ENCOURAGES YOUR CHILD TO GROW SOCIALLY, EMOTIONALLY, AND INTELLECTUALLY. OTHER PROGRAM SERVICES 10: HOUSING - THE HOUSING DEPARTMENT OVERSEES GRANT FUNDING FOR RENTAL ASSISTANCE FOR NEEDY INDIVIDUALS AND FAMILIES.

Raw XML AppendixShowing 400 of 599 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
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