Civic Intelligence

Iron Sharpens Iron Inc

EIN 81-4808465 • 501(c)3 • Athens, AL

Profile

Iron sharpens iron seeks to make a positive impact in our community by creating assistance programs which offer a full circle approach.

104 W Market StreetAthens, AL 35611

www.ironsharpensathens.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Higher debt load relative to assets than 60% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

66th percentile

0.01x

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

501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

3rd percentile

-688%

Higher net margin than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$58,541

No earlier filing loaded for comparison.

Liabilities

$10

No earlier filing loaded for comparison.

Net Assets

$58,531

No earlier filing loaded for comparison.

Revenue

$1,570

No earlier filing loaded for comparison.

Expenses

$12,379

No earlier filing loaded for comparison.

Net Income

-$10,809

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2018: $58,541Liabilities 2018: $10Net Assets 2018: $58,5312018

Highlighted filing

2018

Assets$58,541
Liabilities$10
Net Assets$58,531

Operations Trend

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

$20K$10K$0-$10K-$20KRevenue 2018: $1,570Expenses 2018: $12,379Net Income 2018: -$10,8092018

Highlighted filing

2018

Revenue$1,570
Expenses$12,379
Net Income-$10,809

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$58.5$0.01$58.5$1.57$12.4$10.8
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Dec 1, 2017 to Nov 30, 2018
Signed
May 20, 2019
Return Version
2017v2.3
Gross Receipts
$1,570
Mission and Program Overview

Mission

Iron sharpens iron seeks to make a positive impact in our community by creating assistance programs which offer a full circle approach.

Program Services

DescriptionGrantsExpenses
COMMUNITY OUTREACH ASSISTANCE: THE IRON SHARPENS IRON COMMUNITY OUTREACH ASSISTANCE WAS CREATED SO THAT WE CAN DONATE FUNDS TO OTHER GROUPS IN OUR AREA WITH SIMILAR GOALS AND VALUES, ULTIMATELY EXTENDING THE REACH OF IRON SHARPENS IRON. SOME OF THE GROUPS/PROGRAMS WE HAVE GIVEN TO INCLUDE FAMILY RESOURCE CENTER OF ATHENS/LIMESTONE COUNTY. THIS GROUP SERVES AS AN EDUCATION AND RESOURCE CENTER FOR COMMUNITY MEMBERS. IRON WAS ABLE TO ADOPT SEVERAL SALVATION ARMY ANGELS, PROVIDING CHRISTMAS MEMORIES FOR PRECIOUS CHILDREN IN OUR AREA.$4,514$4,514
EDUCATION ASSISTANCE: IRON SHARPENS IRON BELIEVES THE FUTURE OF OUR COMMUNITY LIES WITHIN THE HANDS OF CHILDREN. THEREFORE, IRON SEES EXTREME VALUE IN OUR EDUCATION FUND, DESIGNED TO FINANCIALLY ASSIST LOCAL STUDENTS WHO ARE STRIVING TO BETTER THEMSELVES AND THEIR PEERS. IRON HAS HAD THE PLEASURE OF DONATING FUNDS TO CORNERSTONE FOUNDATION, A SUPPORTING ARM OF A LOCAL SCHOOL THAT ASSISTS IN PROVIDING EQUIPMENT, SUPPLIES AND SCHOLARSHIP PROGRAMS FOR STUDENTS. WE'VE ALSO DONATED TO A LOCAL COMMUNITY COLLEGE'S DUAL ENROLLMENT PROGRAM, AND ALSO TO A LOCAL HIGH SCHOOL KEY CLUB WHO ORGANIZED A COMMUNITY-WIDE DRIVE FOR ITEMS FOR STUDENTS DISPLACED BY HURRICANE HARVEY.$2,375$2,375
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MIRANDA COOKPresidentPT$0--
NANCY BAILEYTreasurer-$0--
KAYLA KINGSecretaryPT$0--
DUSTIN COOKChair-$0--
Filing and Contact Details

Filer

Filer Name
Iron Sharpens Iron Inc
EIN
81-4808465
Phone
2564444172
Address
104 W MARKET STREET, ATHENS, AL 35611

Signing Officer

Name
Miranda Cook
Title
President
Phone
2564444172
Signed
2019-05-20

Preparer

Firm
Anglin Reichmann Armstrong Pc
Address
305 QUALITY CIRCLE, HUNTSVILLE, AL 35806-5539
Preparer
Tracy L Sams CPA
Phone
2565331040
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 76 office 2,087 insurance 493 taxes and licenses 710 bank charges 400 total 3,766

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 10

Form 990-ez, Part III

Iron sharpens iron seeks to make a positive impact in our community by creating assistance programs which offer a full circle approach.

Form 990-ez, Part III, Line 28

Community outreach assistance: the iron sharpens iron community outreach assistance was created so that we can donate funds to other groups in our area with similar goals and values, ultimately extending the reach of iron sharpens iron. Some of the groups/programs we have given to include family resource center of athens/limestone county. This group serves as an education and resource center for community members. Iron was able to adopt several salvation army angels, providing christmas memories for precious children in our area.

Form 990-ez, Part III, Line 29

Education assistance: iron sharpens iron believes the future of our community lies within the hands of children. Therefore, iron sees extreme value in our education fund, designed to financially assist local students who are striving to better themselves and their peers. Iron has had the pleasure of donating funds to cornerstone foundation, a supporting arm of a local school that assists in providing equipment, supplies and scholarship programs for students. We've also donated to a local community college's dual enrollment program, and also to a local high school key club who organized a community-wide drive for items for students displaced by hurricane harvey.

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