Caring Chain Project EIN 85-3812920

Caring Chain Project FY2024 filing

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Caring Chain Project is a human services nonprofit based in Mt Pleasant, TX. For fiscal year 2024 it reported $22K in revenue, $85K in expenses, and $257K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Mt Pleasant, TX
Website
caringchainproject.org
Filings
5 on file (2021–2024)
Revenue
$22KFY2024
Expenses
$85K
Net assets
$257K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  85-3812920 Public charity (501(c)(3)) Mt Pleasant, TX
Form 990 (PDF)
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Size
<$100K
What they do
a human services nonprofit
Leadership
Tammy Randolph · President
Money in and out
$22K revenue, $85K expenses
Bottom line
93% program efficiency
Where the money goes · FY2024
Total revenue
$22K
Pt VIII · Ln 12
Total expenses
$85K
Pt IX · Ln 25
Net assets
$257K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$63K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.07 Fundraising $0.00
Program efficiency
93%
of spending reaches programs
Operating runway
36.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-283%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$22K
FY2024▲ +38%
Expenses
$85K
FY2024▲ +0.7%
Total assets
$257K
FY2024▼ -22%
Total liabilities
$4
FY2024▼ -100%
Total revenue
$22K
Pt VIII · Ln 12
Total expenses
$85K
Pt IX · Ln 25
Net assets
$257K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$63K
Total assetsPt X · Ln 16$257K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $75K of program spending, described in the organization's own filed words · FY2024.
01

Immediate needs- all year long individuals receive assistance with a myriad of things that fall under the area of immediate needs.

$57Kprogram expense
02

Christmas Angel program- Christmas gifts to area kids and elders in need. We pick different local agencies that need help every year. Provide a full Christmas to about 40 individuals.

$13Kprogram expense
03

Kids Camp- summer program of about 20 kids to get to go to summer church camp

$6Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCaring Chain Project
EINHdr · item D85-3812920
Principal addressHdr · item CMt Pleasant, TX
WebsiteHdr · item Jcaringchainproject.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P99)
Ruling yearIRS BMFAug 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income$14K · 64%
Contributions & grants$8K · 36%
Investment income64%$14K
Contributions & grants36%$8K
Total revenueLn 12$22K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07 Fundraising $0.00
Program services93%$79K
Management & general7%$6K
Fundraising$78
Total functional expensesLn 25$85K

Balance Sheet

Part X · end of year
CashLn 1$257K
Total assetsLn 16$257K
Total liabilitiesLn 26$4
Total net assetsLn 32$257K
Months of cash on handcomputed36.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $257K · Operating expenses/yr $85K
36.1 months
Where the money goes
Program services
Program services $79K · Total expenses $85K
93%
Management & General
Management & general $6K · Total expenses $85K
7%
Fundraising
Fundraising $78 · Total expenses $85K
0.09%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $10K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $8K · Total revenue $22K
36%
Government reliance
Government grants — · Total revenue $22K
Earned-income share
Program service revenue $0 · Total revenue $22K
0%
Investment reliance
Investment income $14K · Total revenue $22K
+64%
Program self-sufficiency
Program service revenue $0 · Total expenses $85K
0%
Growth & trend
Revenue growth (YoY)
This year $22K · Prior year $16K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $257K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $22K · Expenses $85K
-283%
Liabilities-to-Assets
Total liabilities — · Total assets $257K
Net-asset ratio
Net assets $257K · Total assets $257K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $257K
0%
People & payroll
Highest Reported Total Compensation
Individual Tammy Randolph · Reported title President · Highest reported compensation $0 · Total expenses $85K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $85K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 7%
Fundraising cost ratio 1.0%
Revenue growth 38%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 5%
Fundraising fee ratio 0%

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 · FY2023
Total grants receivedfrom 1 funder$75

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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
FY2025 (Latest)$8K revenue · ⤓ 990 PDF
FY2024$22K revenue · viewing · ⤓ 990 PDF
FY2023$16K revenue · ⤓ 990 PDF
FY2022$6K revenue · ⤓ 990 PDF
FY2021$453K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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