CLIMB COMMUNITY DEVELOPMENT CORPORATION

EIN: 273198260 501(c)(3) Youth Development

GULFPORT, MS

Total Revenue
$1,477,234
Total Expenses
$1,687,303
Total Assets
$64,413
Net Assets
$-369,829
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MS
Principal Officer
JOHN H WHITFIELD JD CMPE
Phone
2288646677
Tax Period
2022-01-01 to 2022-12-31

CLIMB COMMUNITY DEVELOPMENT CORPORATION, founded in 2010, is a community nonprofit in the Youth Development sector that reported $1.5M in total revenue in fiscal year 2022. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.7M exceeded revenue, resulting in a 14% operating deficit.

Mission

CLIMB CDC'S MISSION IS TO PROMOTE STRONG COMMUNITIES BY PROVIDING INDIVIDUALS ACCESS TO OPPORTUNITIES THAT INSPIRE SELF-RELIANCE.

Program Service Accomplishments

Program 1
Expenses: $1,383,589 Revenue: $222,450

U.S. DEPARTMENT OF LABOR EMPLOYMENT TRAINING ADMINISTRATION'S YOUTHBUILD PROGRAM: THE U.S. DEPARTMENT OF LABOR PROVIDED FUNDING FOR THE YOUTHBUILD PROGRAM IN WHICH OPPORTUNITY/AT-RISK YOUTH RECEIVE...

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U.S. DEPARTMENT OF LABOR EMPLOYMENT TRAINING ADMINISTRATION'S YOUTHBUILD PROGRAM: THE U.S. DEPARTMENT OF LABOR PROVIDED FUNDING FOR THE YOUTHBUILD PROGRAM IN WHICH OPPORTUNITY/AT-RISK YOUTH RECEIVE NATIONALLY AND INDUSTRY RECOGNIZED CERTIFICATIONS IN CULINARY, CONSTRUCTION AND MEDICAL ASSISTANT WHILE COMPLETING ON-THE-JOB TRAINING AND EDUCATIONAL GAINS. THIS YEAR WE MET ALL PERFORMANCE MEASURES AND EXPECTATIONS. WE PROVIDED SERVICES AND RESOURCES FOR 36 PARTICIPANTS."COMPLETE TO COMPETE" WORKFORCE INNOVATION OPPORTUNITY ACT: A PROGRAM THAT FOCUSES ON, ON-THE-JOB TRAINING AND EDUCATION. THIS YEAR WE MET ALL PERFORMANCE MEASURES AND EXPECTATIONS. WE PROVIDED SERVICES AND RESOURCES FOR 30 PARTICIPANTS.RAPID REHOUSING: FUNDED BY HOUSING AND DEVELOPMENT THROUGH A SUB GRANT FROM OPEN DOORS HOMELESS COALITION. THIS GRANT PROVIDED HOUSING FOR 15 HOMELESS YOUTH THIS YEAR.DROP-IN CENTER: FUNDED BY HOUSING AND DEVELOPMENT THROUGH A SUB GRANT FROM OPEN DOORS HOMELESS COALITION. THIS GRANT PROVIDED A SAFE HAVEN AND RESOURCES FOR 30 HOMELESS YOUTH.CLIMB ACADEMY AN ONLINE HIGHSCHOOL DIPLOMA PROGRAM: THIS PROGRAM PROVIDED EDUCATIONAL RESOURCES AND CURRICULM FOR 40 PARTICIPANTS.AMERICAN HEART ASSOCIATION: THIS GRANT IS A PILOT TO PLAN AND IMPLEMENT A NEW ADVOCACY INFRASTRUCTURE TO REVERSE CHILDHOOD OBESITY BY PROVIDING TRANSPORTATION FOR PARENTS AND GUARDIANS TO PLACES WHERE THEY CAN GET HEALTHY FOODS.CLIMB CDC'S CONSERVATION CORPS PROGRAM: AS THE CORPS NETWORK'S ONLY AFFILIATE IN MISSISSIPPI, CLIMB CDC CONSERVATION CORPS WAS PROVIDED CONTINUED FUNDING TO CONTINUE PROVIDING ENVIRONMENTAL SERVICES. CLIMB CDC'S CONSERVATION CORPS PROGRAM CONTINUES TO BE AN ENVIRONMENT STEWARD TYPE EMPLOYMENT, WITH FUNDING FROM THE NATURE CONSERVANCY, CLIMB HAS BEEN ABLE TO COMPLETE PROJECTS IN DESOTO NATIONAL FOREST, THROUGH FUNDING FROM THE NATURE CONSERVANCY, CLIMB CDC WAS ABLE TO PROVIDE ENVIRONMENTAL STEWARDSHIP TO MULTIPLE PARTNERS ON THE GULF COAST. THE CONSERVATION CORPS WAS ABLE TO COMPLETE OVER 22 ACRES OF FEDERAL LAND RESTORATION AS WELL AS MULTIPLE PROJECTS WITH SPONSORS, AND MANY MORE.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,274,061
Program Service Revenue $160,648
Investment Income $0
Other Revenue $42,525
TOTAL REVENUE $1,477,234

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,033,209
Fundraising Expenses $0
Program Expenses $1,383,589
Other Expenses $654,094
TOTAL EXPENSES $1,687,303

Year-over-Year Comparison

2022 2021 Change
Revenue $1,477,234 $1,247,263 +0.2%
Expenses $1,687,303 $1,386,232 +0.2%
Net Income $-210,069 $-138,969 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
4
Employees
59
Volunteers
4

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$153,146
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JESSICA CROSBY BOARD MEMBER 1.00
Director
$0 $0 $0
LYN POWERS BOARD MEMBER 1.00
Director
$0 $0 $0
RANDY ELLIS PRESIDENT 1.00
Officer Director
$0 $0 $0
STACY BULLARD-CASEY TREASURER 1.00
Officer Director
$0 $0 $0
JOHN WHITFIELD CEO 40.00
Officer
$77,178 $12,582 $89,760
KIMBERLY SMITH CFO 40.00
Officer
$54,875 $8,511 $63,386
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $1,477,234 $1,687,303 $64,413 $-210,069
2021 $1,247,263 $1,386,232 $87,508 $-138,969
2020 $973,909 $1,051,487 $118,453 $-77,578
2019 $852,903 $1,158,227 $141,663 $-305,324
2018 $1,528,401 $1,719,085 $386,298 $-190,684
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