Safe Space INC EIN 56-2009319 Form 990 (PDF) Claim this org

Safe Space INC FY2023 filing

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Helps victims of domestic violence and sexual assault in Franklin County and nearby areas. For fiscal year 2023 it reported $1.0M in revenue, $1.0M in expenses, and $207K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Louisburg, NC
Website
www.ncsafespace.org
Filings
5 on file (2020–2023)
Revenue
$1.0MFY2023
Expenses
$1.0M
Net assets
$207K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  56-2009319 Public charity (501(c)(3)) Louisburg, NC
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Helps victims of domestic violence and sexual assault in Franklin County and nearby areas.
Leadership
Monica Kearney · Executive Director · $75K
Money in and out
$1.0M revenue, $1.0M expenses
Bottom line
64% program efficiency
Where the money goes · FY2023
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$207K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$3K
Where spending went · Part IX cols B–D
Program services $0.64 Management & general $0.36 Fundraising $0.00
Program efficiency
64%
of spending reaches programs
Operating runway
1.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-0.3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$1.0M
FY2023▲ +29%
Expenses
$1.0M
FY2023▲ +20%
Total assets
$380K
FY2023▼ -4%
Total liabilities
$174K
FY2023▲ +15%
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$207K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$3K
Total assetsPt X · Ln 16$380K
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

3 program services account for $667K of program spending, described in the organization's own filed words · FY2022.
01

Court Advocacy

Provide victims of domestic violence with informatoin relative to their options under the law.

$337Kprogram expense
02

Shelter Services

Provide temporary shelter for victims of domestic violence.

$203Kprogram expense
03

Community Education

Provide educational materials to the local community on domestic violence to educate the general public on the dangers of family abuse and violence.

$127Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSafe Space INC
EINHdr · item D56-2009319
Principal addressHdr · item CLouisburg, NC
WebsiteHdr · item Jwww.ncsafespace.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P43)
Ruling yearIRS BMFApr 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$74,650Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A

Monica Kearney’s $80K as Executive Director is at the 71st percentile of top reported officer pay among 2165 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Monica Kearney$80,000$74,650

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$886K · 85%
Other revenue$158K · 15%
Contributions & grants85%$886K
Other revenue15%$158K
Investment income$386
— government grantsLn 1e$755K
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.36 Fundraising $0.00
Program services64%$667K
Management & general36%$378K
Fundraising$3K
Total functional expensesLn 25$1.0M

Balance Sheet

Part X · end of year
CashLn 1$93K
Total assetsLn 16$380K
Total liabilitiesLn 26$174K
Total net assetsLn 32$207K
Months of cash on handcomputed1.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $93K · Operating expenses (Pt IX) $1.0M · Less non-cash grants $78K · Cash operating expenses/yr $969K
1.2 months
Where the money goes
Program services
Program services $667K · Total expenses $1.0M
64%
Management & General
Management & general $378K · Total expenses $1.0M
36%
Fundraising
Fundraising $3K · Total expenses $1.0M
0.3%
Cost to raise $1
Fundraising expense (3-yr avg) $890 · Solicited contributions (3-yr avg) $126K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $886K · Total revenue $1.0M
85%
Government reliance
Government grants $755K · Total revenue $1.0M
72%
Earned-income share
Program service revenue $0 · Total revenue $1.0M
0%
Investment reliance
Investment income $386 · Total revenue $1.0M
+0.04%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.0M
0%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year $811K
+29%
Net-asset trend (YoY)
End of year $207K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $1.0M
-0.3%
Liabilities-to-Assets
Total liabilities — · Total assets $380K
Net-asset ratio
Net assets $207K · Total assets $380K
54%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $380K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Monica Kearney · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $75K · Total expenses $1.0M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $437K · Total expenses $1.0M
42%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 64%
Overhead ratio 36%
Fundraising cost ratio 0.3%
Revenue growth 29%
Accounting fee ratio 8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$65K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1000K revenue · ⤓ 990 PDF
FY2023$1.0M revenue · viewing · ⤓ 990 PDF
FY2022$811K revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$875K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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