Food Runners Collaborative Inc
- Assets
- $2.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 23
- Location
- Raleigh, NC
- Founding
- 12/1999
- Data as of
- 12/2023
- EIN
- 56-2159246
Organization Overview
Food Runners Collaborative Inc is located in Raleigh, NC. The organization was established in 1999. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, Food Runners Collaborative Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Runners Collaborative 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 12/2023, Food Runners Collaborative Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 9 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
TO PROVIDE A FACILITY TO ENHANCE THE ABILITY OF MEALS ON WHEELS OF WAKE COUNTY AND INTER-FAITH FOOD SHUTTLE TO ADDRESS HUNGER IN THEIR REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A SHARED FACILITY TO PREPARE MEALS FOR HUNGRY IN THEIR REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paola Learoyd Past Preside | OfficerTrustee | $0 | |
Rob Brittain Director | Trustee | $0 | |
Martha Svoboda Vice Preside | OfficerTrustee | $0 | |
J Paul Cole Director | Trustee | $0 | |
Sara Ann Hiatt President | OfficerTrustee | $0 | |
Kay Burgess Director | Trustee | $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 | $3,469 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,469 |
| Total Program Service Revenue | $2,324,944 |
| Investment income | $7,807 |
| 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 | $2,336,396 |
| 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. | $114,599 |
| Compensation of current officers, directors, key employees. | $57,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $573,534 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $240,151 |
| Payroll taxes | $51,336 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,842 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,293 |
| Advertising and promotion | $0 |
| Office expenses | $19,612 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,000 |
| Travel | $37,950 |
| 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 | $183,097 |
| Insurance | $39,459 |
| All other expenses | -$397,248 |
| Total functional expenses | $2,429,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,266 |
| Savings and temporary cash investments | $430,748 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $429,592 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,082 |
| Prepaid expenses and deferred charges | $46,487 |
| Net Land, buildings, and equipment | $1,746,897 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,739,072 |
| Accounts payable and accrued expenses | $25,298 |
| 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 | $81,136 |
| Total liabilities | $106,434 |
| Net assets without donor restrictions | $2,632,638 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,739,072 |