Nourishnc Inc
- Assets
- $2.8m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Wilmington, NC
- Founding
- 11/2010
- Data as of
- 06/2022
- EIN
- 27-1439138
Organization Overview
Nourishnc Inc is located in Wilmington, NC. The organization was established in 2010. 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 06/2022, Nourishnc Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nourishnc 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 06/2022, Nourishnc Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 15.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTHY FOOD TO HUNGRY CHILDREN, EMPOWERING THEM TO SUCCEED IN THE CLASSROOM AND THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTHY FOOD TO HUNGRY CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Mccrossan Executive Director | Officer | 40 | $84,174 |
Candace Moran Secretary | OfficerTrustee | 4 | $0 |
Stephanie Ayers Vice Chair | OfficerTrustee | 4 | $0 |
Caroline Montgomery Treasurer | OfficerTrustee | 4 | $0 |
Dan Levine Chair | OfficerTrustee | 4 | $0 |
Lynore Young 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 | $1,939,767 |
| Noncash contributions included in lines 1a–1f | $245,821 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,939,767 |
| Total Program Service Revenue | $0 |
| Investment income | $22 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $52,461 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,992,250 |
| 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. | $84,174 |
| Compensation of current officers, directors, key employees. | $6,201 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,722 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,722 |
| Payroll taxes | $16,784 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,416 |
| Advertising and promotion | $0 |
| Office expenses | $53,001 |
| Information technology | $984 |
| Royalties | $0 |
| Occupancy | $32,777 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,060 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,935 |
| Insurance | $9,667 |
| All other expenses | $1,218 |
| Total functional expenses | $1,043,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $560,111 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,843 |
| 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 | $2,220,238 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,811,192 |
| Accounts payable and accrued expenses | $43,273 |
| 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 | $43,273 |
| Net assets without donor restrictions | $2,761,810 |
| Net assets with donor restrictions | $6,109 |
| 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 | $2,811,192 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Nourishnc Inc has recieved totaling $253,952.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $85,000 |
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: HUMAN SERVICES | $53,750 |
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $30,000 |
Landfall Foundation Inc Wilmington, NC PURPOSE: Charitable Support | $20,000 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $15,000 |
Restoring Hope Center Inc Laurinburg, NC PURPOSE: Feeding Needy Families | $14,136 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Our Daily Bread Of Tennessee Inc Knoxville, TN | $2,326,524 | $13,713,547 |
Council Services Inc Americus, GA | $11,942,180 | $9,376,326 |
School Nutrition Association Inc Arlington, VA | $16,052,555 | $7,166,354 |
Second Helpings Atlanta Inc Atlanta, GA | $1,164,616 | $7,933,266 |
Georgia Nutritional Services Inc Conyers, GA | $1,305,106 | $6,913,092 |
Of One Accord Inc Rogersville, TN | $2,058,166 | $4,725,559 |
Nashville Food Project Inc Nashville, TN | $5,206,540 | $2,809,035 |
Serving Orphans Worldwide Inc Bristol, TN | $957,366 | $2,923,853 |
A Gift From Ben Inc Williamsburg, VA | $40,903 | $2,555,579 |
Food Runners Collaborative Inc Raleigh, NC | $2,926,900 | $1,721,680 |
Fill Ministries Inc Cumming, GA | $1,776,201 | $2,103,898 |
The Harvest Center Of Charlotte Inc Charlotte, NC | $6,077,688 | $1,147,805 |