Corner Table Inc
- Assets
- $1.6m
- Revenue
- $735.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Newton, NC
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 94-3418768
Organization Overview
Corner Table Inc is located in Newton, NC. The organization was established in 2002. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, Corner Table Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corner Table 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, Corner Table Inc generated $735.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $498.5k during the year ending 12/2021. While expenses have increased by 13.3% 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 CORNER TABLE PROVIDES MEALS WITH COMPASSION, RESPECT, AND DIGNITY TO THOSE IN OUR COMMUNITY AFFECTED BY HUNGER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORNER TABLE PROVIDES MEALS WITH COMPASSION, RESPECT, AND DIGNITY TO THOSE IN OUR COMMUNITY AFFECTED BY HUNGER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Summer Lee Jenkins Director | 40 | $65,685 | |
Kim Bolick Secretary | OfficerTrustee | 1 | $0 |
Beth Lilly Director | OfficerTrustee | 0 | $0 |
Gail Cranford Director | Trustee | 0 | $0 |
Priscilla Foley Director | Trustee | 0 | $0 |
Elizabeth Van Horn Treasurer | Trustee | 2 | $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 | $407,118 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $407,118 |
| Total Program Service Revenue | $0 |
| Investment income | $26,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $264,184 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $735,753 |
| 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. | $65,685 |
| Compensation of current officers, directors, key employees. | $16,421 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $192,230 |
| Pension plan accruals and contributions | $3,128 |
| Other employee benefits | $0 |
| Payroll taxes | $15,059 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,923 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,886 |
| Office expenses | $9,011 |
| 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 | $16,453 |
| Insurance | $8,969 |
| All other expenses | $28,937 |
| Total functional expenses | $498,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $461,944 |
| Savings and temporary cash investments | $872,124 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,982 |
| 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 | $269,005 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,606,055 |
| 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 | $192,927 |
| Total liabilities | $192,927 |
| Net assets without donor restrictions | $1,192,115 |
| Net assets with donor restrictions | $221,013 |
| 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 | $1,606,055 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Corner Table Inc has recieved totaling $81,564.
| Awarding Organization | Amount |
|---|---|
Beaver Family Foundation Inc Hickory, NC PURPOSE: GENERAL AND UNRESTRICTED | $45,000 |
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: HUMAN SERVICES | $24,500 |
Yount Foundation Inc Hickory, NC PURPOSE: COMMUNITY SUPPORT | $10,000 |
Nancy & Udean Burke Foundation Inc Newton, NC PURPOSE: UNRESTRICTED - GENERAL OPERATIONS | $1,000 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $500 |
Claude S Jr And Raenelle B Abernethy Test Charitable Tr Hickory, NC PURPOSE: PROGRAM SUPPORT | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Container Royalties Supplemental Charleston, SC | $25,129,094 | $39,744,859 |
Operation Hope Inc Atlanta, GA | $42,513,861 | $45,427,739 |
Academy For Classical Education Inc Macon, GA | $50,470,204 | $22,703,116 |
Mvle Inc Springfield, VA | $9,312,046 | $13,677,162 |
Potomac Institute For Policy Studies Arlington, VA | $5,742,038 | $10,808,828 |
The Daily Planet Inc Richmond, VA | $12,184,739 | $13,097,113 |
National Association Of Landscape Professionals Inc Fairfax, VA | $7,212,406 | $10,869,487 |
Bill Of Rights Institute Arlington, VA | $5,390,472 | $9,362,557 |
Oe Enterprises Incorporated Hillsborough, NC | $3,102,909 | $7,461,058 |
Good Shepherd India Virginia Beach, VA | $1,558,138 | $7,285,527 |
Contemporary Science Center Research Triangle Park, NC | $12,289,489 | $6,780,617 |
St Vincents Home Roanoke, VA | $12,045,312 | $7,784,150 |