Essential Needs
- Assets
- -$2.2k
- Revenue
- $348.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, TN
- Founding
- 12/2014
- Data as of
- 09/2020
- EIN
- 47-2488626
Organization Overview
Essential Needs is located in Madison, TN. The organization was established in 2014. According to its NTEE Classification (K40) the organization is classified as: Nutrition, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Essential Needs 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 09/2020, Essential Needs generated $348.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $374.2k during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
ESSENTIAL NEEDS IS A NON-PROFIT ORGANIZATION THAT AIMS TO BUILD A HEALTHY MIND AND BODY FOR ALL. THROUGH A VARIETY OF OUTREACH PROGRAMS AND SERVICES, OUR COMMITTED TEAM OF PROFESSIONALS AND TRAINED VOLUNTEERS HELP MAKE THE HEALTHY THE CHOICE THE EASIEST CHOICE FOR INDIVIDUALS AND COMMUNITIES IN NEED BY:IDENTIFYING AND DISTRIBUTING SOCIAL, EDUCATIONAL, AND ECONOMIC RESOURCES TO SUPPORT HEALTHY DECISIONS AND BEHAVIORS; AND PARTICIPATING IN VOLUNTEER AND ADVOCACY EFFORTS FOCUSED ON IMPROVING QUALITY OF LIFE, HEALTH, AND OVERALL WELLBEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CACFP-PROVIDES REIMBURSEMENT FOR MEALS AND SNACKS SERVED TO SMALL GROUPS OF CHILDREN RECEIVING NONRESIDENTIAL DAY CARE IN PRIVATE HOMES THAT ARE LICENSED, REGISTERED, OR APPROVED TO PROVIDE FAMILY CHILD CARE.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $348,346 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $348,346 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $264,073 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $64,890 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,699 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,689 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,239 |
| Office expenses | $766 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,136 |
| Travel | $32 |
| 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 | $569 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $374,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2,985 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $50 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | -$2,157 |
| Accounts payable and accrued expenses | $5,937 |
| 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 | $32,545 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $14,929 |
| Other liabilities | $0 |
| Total liabilities | $53,411 |
| 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 |
| Total liabilities and net assets/fund balances | -$55,568 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Child Nutrition Program Inc Charlotte, NC | $191,664 | $9,452,233 |
Karamu Nutrition Program Memphis, TN | $1,039,726 | $7,417,091 |
Home Care Associates Inc Atlanta, GA | $653,854 | $6,149,129 |
Child Nutrition Inc Warrenton, VA | $413,880 | $3,720,371 |
Produce For Better Health Foundation Brentwood, MO | $4,913,115 | $2,245,758 |
Operation Kids Inc Texarkana, AR | $183,069 | $1,734,988 |
National Association Of Farmers Market Nutrition Programs Rougemont, NC | $512,490 | $1,454,310 |
Alpha & Omega Nutrition Program Inc Memphis, TN | $225,948 | $1,399,738 |
Nutrition Plus Inc Goldsboro, NC | $125,695 | $1,250,068 |
School Nutrition Foundation Arlington, VA | $4,873,437 | $964,503 |
Tri Cycle Farms Inc Fayetteville, AR | $285,584 | $748,912 |
A Is For Appetite Food & Nutrition Services Inc Charlotte, NC | $31,229 | $716,158 |