SOUTHEAST RURAL COMMUNITY ASSISTANCE PROJECT INC

EIN: 541055050 501(c)(3) Public & Societal Benefit

ROANOKE, VA

Total Revenue
$9,911,088
Total Expenses
$9,814,232
Total Assets
$10,509,129
Net Assets
$2,708,102
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
VA
Principal Officer
HOPE F CUPIT
Phone
5403451184
Tax Period
2023-10-01 to 2024-09-30

SOUTHEAST RURAL COMMUNITY ASSISTANCE PROJECT INC, founded in 1969, is a community nonprofit in the Public & Societal Benefit sector that reported $5.2M in total revenue in fiscal year 2017. Expenses of $4.9M left a modest 5% surplus.

Mission

FOCUS ON ENHANCING LIFE QUALITY FOR LOW-TO-MODERATE INCOME INDIVIDUALS IN THE SOUTHEAST U.S.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,915,242
Program Service Revenue $738,333
Investment Income $137,677
Other Revenue $119,836
TOTAL REVENUE $9,911,088

Expense Breakdown

Grants Paid $387,969
Salaries & Benefits $5,073,649
Fundraising Expenses $0
Program Expenses $8,792,675
Other Expenses $4,352,614
TOTAL EXPENSES $9,814,232

Year-over-Year Comparison

2023 2022 Change
Revenue $9,911,088 $8,974,272 +0.1%
Expenses $9,814,232 $9,285,445 +0.1%
Net Income $96,856 $-311,173 -1.3%
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
18
Independent Members
18
Employees
81
Volunteers
N/A

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
5
$180,978
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WALTER FLEMING CHAIRPERSON 3.00
Officer Director
$0 $0 $0
SHAWN UTT VICE CHAIR 3.00
Officer Director
$0 $0 $0
MARIE WATSON SECRETARY 3.00
Officer Director
$0 $0 $0
GEORGE FITZ-HUGH TREASURER 3.00
Officer Director
$0 $0 $0
BERTHA ARMSTRONG MEMBER 3.00
Director
$0 $0 $0
KEITH ASHBY MEMBER 3.00
Director
$0 $0 $0
ANGELA BATES MEMBER 3.00
Director
$0 $0 $0
KEVIN BELCHER MEMBER 3.00
Director
$0 $0 $0
SWYNICE HAWKINS MEMBER 3.00
Director
$0 $0 $0
WILLIAM HOLT MEMBER 3.00
Director
$0 $0 $0
KAJAL KAPUR MEMBER 3.00
Director
$0 $0 $0
TERRY LEWIS MEMBER 3.00
Director
$0 $0 $0
FREDDY MITCHELL MEMBER 3.00
Director
$0 $0 $0
CARMELA ORR MEMBER 3.00
Director
$0 $0 $0
WINFRED OWENS MEMBER 3.00
Director
$0 $0 $0
AL ROBERTS MEMBER 3.00
Director
$0 $0 $0
JAIME SAYLER MEMBER 3.00
Director
$0 $0 $0
JACQUELYN SLAYTON MEMBER 3.00
Director
$0 $0 $0
HOPE F CUPIT PRESIDENT & CEO 44.25
Officer
$155,375 $25,603 $180,978
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 $9,911,088 $9,814,232 $10,509,129 $96,856
2023 $8,974,272 $9,285,445 $9,898,860 $-311,173
2022 $8,197,130 $7,845,383 $10,313,508 $351,747
2021 $6,797,376 $6,262,153 $8,928,556 $535,223
2020 $6,228,189 $6,113,282 $8,327,513 $114,907
2019 $6,322,258 $6,097,962 $8,294,820 $224,296
2018 $5,203,203 $4,924,170 $7,969,367 $279,033
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