Food City Charitable Foundation Inc
- Assets
- $3.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Abingdon, VA
- Founding
- 07/2013
- Data as of
- 12/2021
- EIN
- 46-1816733
Organization Overview
Food City Charitable Foundation Inc is located in Abingdon, VA. The organization was established in 2013. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food City Charitable Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Food City Charitable Foundation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $646.7k during the year ending 12/2021. While expenses have increased by 10.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Food City Charitable Foundation Inc has awarded 278 individual grants totaling $3,805,752. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LOCAL NON PROFIT ORGANIZATIONS THROUGHOUT OUR REGION WITH THE ADDITIONAL FUNDS NEEDED TO DECREASE THEIR SHORT FALLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOCAL NONPROFIT ORGANIZATIONS THROUGHOUT OUR REGION WITH THE ADDITIONAL FUNDS NEEDED TO DECREASE THEIR SHORT FALLS.
PROVIDE LOCAL NONPROFIT ORGANIZATIONS THROUGHOUT OUR REGION WITH THE ADDITIONAL FUNDS NEEDED TO DECREASE THEIR SHORT FALLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven C Smith President | OfficerTrustee | 1 | $0 |
Charlie Fugate Secretary | OfficerTrustee | 1 | $0 |
Israel O'quinn Treasurer | OfficerTrustee | 1 | $0 |
Kevin Stafford Director | Trustee | 1 | $0 |
Tammy Baumgardner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,208 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,208 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,468,869 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,485,077 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $645,231 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $646,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,256,983 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $225,385 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,482,368 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,482,368 |
| Total liabilities and net assets/fund balances | $3,482,368 |
Grants Awarded
Over the last fiscal year, Food City Charitable Foundation Inc has awarded $880,962 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
Grundy, VA PURPOSE: SUPPORT THE MISSION OF THE CHARITY | $102,500 |
Grundy, VA PURPOSE: SUPPORT THE MISSION OF THE CHARITY | $102,500 |
Knoxville, TN PURPOSE: SUPPORT THE MISSION OF THE CHARITY | $40,000 |
Knoxville, TN PURPOSE: SUPPORT THE MISSION OF THE CHARITY | $40,000 |
Troutdale, VA PURPOSE: SUPPORT THE MISSION OF THE CHARITY | $25,000 |
Salem, VA PURPOSE: SUPPORT THE MISSION OF THE CHARITY | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Food City Charitable Foundation Inc has recieved totaling $27,300.
| Awarding Organization | Amount |
|---|---|
Jack And Judy Smith Foundation Inc Abingdon, VA PURPOSE: GENERAL SUPPORT | $27,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Industries Of The Valley Works Roanoke, VA | $35,659,269 | $106,358,357 |
Youth Villages Foundation Inc Memphis, TN | $339,159,403 | $27,952,778 |
Community Investments Foundation Charlotte, NC | $101,933,737 | $21,788,464 |
Westminister-Canterbury Management Corporation Richmond, VA | $220,702,749 | $15,246,749 |
Hospice Of Chattanooga Foundation Chattanooga, TN | $0 | $886,666 |
Community Real Property Holdings Inc Charlotte, NC | $53,988,196 | $19,881,979 |
Communities In Schools Of North Carolina Inc Raleigh, NC | $8,297,246 | $8,586,637 |
The Arc Davidson County & Greater Nashville Nashville, TN | $1,667,294 | $2,925,688 |
Thrift Alliance Nashville, TN | $769,764 | $2,756,268 |
Lupus America Communities Washington, DC | $825,301 | $2,369,800 |
Virginia Baptist Homes Foundation Inc Glen Allen, VA | $12,836,580 | $2,666,939 |
The Greater Washington Jewish Coalition Against Domestic Abuse Rockville, MD | $364,644 | $1,919,245 |