Together We Can Do Great Things Inc

EIN: 922442767 501(c)(3) Human Services

Franklin, NC

Total Revenue
$291,423
Total Expenses
$38,625
Total Assets
$252,798
Net Assets
$252,798
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
NC
Phone
8286341834
Tax Period
2023-01-01 to 2023-12-31

Together We Can Do Great Things Inc, founded in 2023, is a small nonprofit in the Human Services sector that reported $291K in total revenue in fiscal year 2023. The organization ran a surplus of $253K, a strong 87% operating margin.

Mission

Together We Can was formed to educate, support and advocate for the Fostering Community; the children, and families and partner with the Department of Social Services.

Program Service Accomplishments

Program 1
Expenses: $5,203

Foster Parent Training and Foster Child Support. Together We Can organized and coordinated MAPP (Model Approach to Partnerships in Parenting) training classes for potential foster families and...

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Foster Parent Training and Foster Child Support. Together We Can organized and coordinated MAPP (Model Approach to Partnerships in Parenting) training classes for potential foster families and prepared to provide Life Skills training to Foster Children in care, as well as, Foster Children who are aging out of the system.

Program 2
Expenses: $4,854

Community Outreach Events. The organization's two biggest events in 2023 were the Back to School Bash and I Love My Town. For the Back to School Bash, Together We Can organized a supply drive to...

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Community Outreach Events. The organization's two biggest events in 2023 were the Back to School Bash and I Love My Town. For the Back to School Bash, Together We Can organized a supply drive to provide school supplies for Foster Children, Foster Families and at risk children. For the I Love My Town event, Together We Can partnered with a local church to organize and coordinate a supply drive to provide gifts for Foster Children and at risk children at Christmas time.

Program 3
Expenses: $1,532

Transition Home Operating Expenses. In August 2023, Together We Can purchased a residential home. This home is currently being renovated. It will be used as a Transition Home (a safe place for...

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Transition Home Operating Expenses. In August 2023, Together We Can purchased a residential home. This home is currently being renovated. It will be used as a Transition Home (a safe place for children to stay while DSS identifies a qualified foster family) and Educational Center for Foster Parent and Guardian Ad Litem training, Lifeskills Training, etc.

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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 $291,423
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $291,423

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $16,220
Program Expenses $11,589
Other Expenses $38,625
TOTAL EXPENSES $38,625

Year-over-Year Comparison

2023 2022 Change
Revenue $291,423 N/A N/A
Expenses $38,625 N/A N/A
Net Income $252,798 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Julie Adams President 15.00
Officer
$0 $0 $0
John Adams Vice President 5.00
Officer
$0 $0 $0
Lucile Stubbs Secretary 3.00
Officer
$0 $0 $0
Denise Stubbs Treasurer 5.00
Officer
$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
2023 $291,423 $38,625 $252,798 $252,798
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