Teen Challenge North Carolina Adolescent Program

EIN: 463094807 501(c)(3) Unknown

Conover, NC

Total Revenue
$1,398,760
Total Expenses
$1,365,025
Total Assets
$3,628,912
Net Assets
$1,269,800
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Phone
8282562830
Tax Period
2023-01-01 to 2023-12-31

Teen Challenge North Carolina Adolescent Program, founded in 2013, is a community nonprofit in the Unknown sector that reported $1.4M in total revenue in fiscal year 2023.

Mission

Teen Challenge North Carolina Adolescent Program d/b/a North Carolina Boys Academy the organization was established to provide a therapeutic Christan boarding school for teenage boys struggling with life-controlling problems. The program is designed to help young boys, age 13 to 17, realize their potential and lay foundations to become courageous and God honoring men. The program exposes students to godly male role models in a 15-month process. The Organization was incorporated as a North Carolina nonprofit corporation on July 3,2013, and operates from its facilities located on Lake Hickory in Conover, North Carolina. The Organization's primary source of revenue and support are tuition and related fees paid by students and contributors. The Organization is affiliated with Tenn Challenge USA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $640,720
Program Service Revenue $765,975
Investment Income $696
Other Revenue $-8,631
TOTAL REVENUE $1,398,760

Expense Breakdown

Grants Paid $0
Salaries & Benefits $427,433
Fundraising Expenses $80,055
Program Expenses $917,336
Other Expenses $937,592
TOTAL EXPENSES $1,365,025

Year-over-Year Comparison

2023 2022 Change
Revenue $1,398,760 $1,333,959 +0.0%
Expenses $1,365,025 $1,279,138 +0.1%
Net Income $33,735 $54,821 -0.4%
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
6
Independent Members
6
Employees
19
Volunteers
3

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
1
$54,648
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Steigerwald Executive Dir. 60.00
Officer
$54,648 $0 $54,648
John Whaley Secretary 0.00
Director
$0 $0 $0
Josh Holbrooks Treasurer 0.00
Director
$0 $0 $0
Bruce Lowe Director 0.00
Director
$0 $0 $0
Pastor Mark Ivey Director 0.00
Director
$0 $0 $0
Monica Mouer Director 0.00
Director
$0 $0 $0
Bliss Steel Director 0.00
Director
$0 $0 $0
Karrissa Corpany Director 0.00
Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $1,398,760 $1,365,025 $3,628,912 $33,735
2022 $1,333,959 $1,279,138 $3,630,553 $54,821
2021 $1,468,979 $1,224,153 $3,387,085 $244,826
2020 $1,275,436 $1,165,657 $3,251,240 $109,779
2019 $959,201 $868,998 $2,875,633 $90,203
2019 $959,201 $867,447 $2,877,184 $91,754
2018 $835,788 $780,498 $2,946,561 $55,290
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