Feednc
- Assets
- $4.7m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 13
- Location
- Mooresville, NC
- Founding
- 06/1996
- Data as of
- 12/2021
- EIN
- 56-1911138
Organization Overview
Feednc is located in Mooresville, NC. The organization was established in 1996. According to its NTEE Classification (K34) the organization is classified as: Congregate Meals, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Feednc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Feednc 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, Feednc generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.6% each year . All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 33.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF FEEDNC IS TO PROVIDE NOURISHING MEALS, FELLOWSHIP AND ENCOURAGEMENT TO THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUP KITCHEN, SERVICE OF MEALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Halstead Treasurer/director | OfficerTrustee | 4 | $0 |
Deborah Bowen Secretary/director | OfficerTrustee | 4 | $0 |
Stephanie Kiilian Vice-Chairman/director | OfficerTrustee | 4 | $0 |
Bynum Marshall Chairman/director | OfficerTrustee | 4 | $0 |
Mark Welsh Director | Trustee | 4 | $0 |
Ron Karns Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,994,841 |
| Noncash contributions included in lines 1a–1f | $1,758,791 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,994,841 |
| Total Program Service Revenue | $0 |
| Investment income | $11,379 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $133,366 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,139,586 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $474,923 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $119,919 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,295 |
| Office expenses | $53,013 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,372 |
| 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 | $42,766 |
| Insurance | $15,393 |
| All other expenses | $91,780 |
| Total functional expenses | $2,597,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,440,536 |
| Savings and temporary cash investments | $763,751 |
| 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 | $0 |
| Inventories for sale or use | $209,906 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,238,703 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,652,896 |
| Accounts payable and accrued expenses | $21,163 |
| 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 | $21,163 |
| Net assets without donor restrictions | $2,649,944 |
| Net assets with donor restrictions | $1,981,789 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,652,896 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Feednc has recieved totaling $518,055.
| Awarding Organization | Amount |
|---|---|
Dale Jr Foundation Mooresville, NC PURPOSE: EOY GIVING | $300,000 |
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $50,000 |
Presbyterian Hospital Winston Salem, NC PURPOSE: COMMUNITY OUTREACH | $50,000 |
Cotter Foundation Las Vegas, NV PURPOSE: FEED NC | $25,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $22,500 |
Gillette Fam Fndtn Milwaukee, WI PURPOSE: OPERATING | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Britepaths Inc Fairfax, VA | $1,631,072 | $7,479,394 |
Supportive Nutritional Aid Program Fayetteville, GA | $357,532 | $3,313,434 |
Feednc Mooresville, NC | $4,652,896 | $5,139,586 |
Aaron Nutritional Services Inc Antioch, TN | $10,185 | $983,460 |
Manufactures Agents For Food Service Industry Atlanta, GA | $1,695,220 | $746,136 |
Quality Living Services Inc Atlanta, GA | $1,083,454 | $764,568 |
Shepherds Table Soup Kitchen Inc Raleigh, NC | $1,261,841 | $780,338 |
Hickory Soup Kitchen Inc Hickory, NC | $2,960,733 | $661,389 |
Open Table Ministry Durham, NC | $424,960 | $462,999 |
Hope Mission Of Carteret County Inc Morehead City, NC | $127,670 | $474,203 |
Loaves And Fishes Clarksville, TN | $3,551,596 | $418,872 |
Daily Bread Community Kitchen Morristown, TN | $1,164,933 | $339,532 |