Feednc
- Assets
- $11.7m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 24
- Location
- Mooresville, NC
- Founding
- 06/1996
- Data as of
- 12/2023
- 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 12/2023, Feednc employed 24 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 12/2023, Feednc generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 39.5% each year . All expenses for the organization totaled $4.5m during the year ending 12/2023. While expenses have increased by 37.0% per year over the past 8 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
2023
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 |
|---|---|---|---|
Mario Campos Secretary/director | OfficerTrustee | 4 | $0 |
Mark Welch Chair/director | OfficerTrustee | 4 | $0 |
Jeff Smith Treasurer/director | OfficerTrustee | 4 | $0 |
Nicole Deal Vice-Chair/director | OfficerTrustee | 4 | $0 |
Stephanie Killian Director | Trustee | 4 | $0 |
Ron Karns Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $333,124 |
| Related organizations | $0 |
| Government grants | $420,109 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,998,832 |
| Noncash contributions included in lines 1a–1f | $2,277,143 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,752,065 |
| Total Program Service Revenue | $0 |
| Investment income | $39,859 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $274,560 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,066,484 |
| 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. | $128,300 |
| Compensation of current officers, directors, key employees. | $128,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $819,611 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $45,944 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,641 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,944 |
| Office expenses | $81,439 |
| Information technology | $31,086 |
| Royalties | $0 |
| Occupancy | $54,823 |
| Travel | $7,419 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $807 |
| Interest | $74,217 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $176,843 |
| Insurance | $26,993 |
| All other expenses | $102,953 |
| Total functional expenses | $4,514,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $614,739 |
| Savings and temporary cash investments | $2,026,546 |
| 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 | $201,851 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,818,278 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,661,414 |
| Accounts payable and accrued expenses | $73,163 |
| 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 | $2,537,007 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,610,170 |
| Net assets without donor restrictions | $8,973,744 |
| Net assets with donor restrictions | $77,500 |
| 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 | $11,661,414 |