Holly Springs Food Cupboard
- Assets
- $671.4k
- Revenue
- $481.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Holly Springs, NC
- Founding
- 03/2011
- Data as of
- 12/2021
- EIN
- 27-2859804
Organization Overview
Holly Springs Food Cupboard is located in Holly Springs, NC. The organization was established in 2011. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holly Springs Food Cupboard 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, Holly Springs Food Cupboard generated $481.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $348.3k during the year ending 12/2021. While expenses have increased by 10.3% 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 MISSION OF THE HOLLY SPRINGS FOOD CUPBOARD IS TO PROVIDE SUPPLEMENTAL FOOD AND REFERRAL ASSISTANCE TO THOSE IN NEED IN THE HOLLY SPRINGS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2021 AND THE COVID 19 PANDEMIC, THE HOLLY SPRINGS FOOD CUPBOARD DISTRIBUTED IN THE HOLLY SPRINGS AREA. WEEKLY DISTRIBUTIONS SERVED APPROXIMATELY 52 FAMILIES EACH WEEK. IN ADDITION, FOOD COLLECTION SITES WERE ESTABLISHED AND MAINTAINED IN THE HOLLY SPRINGS AREA TO COLLECT FOOD DONATIONS. PROGRAM SERVICE EXPENSES INCLUDED THE PURCHASE OF TURKEYS, HAMS AND OTHER FOOD PURCHASES FOR NUMEROUS FAMILIES. AN ONSITE GARDEN, CULTIVATED AND CARED FOR BY VOLUNTEERS, RAISED FRESH VEGATABLES TO SUPPLEMENT FOOD DISTRIBTUIONS.
ALLOCATED DEPRECIATION TO PROVIDE FOR FACILITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Basden Director | OfficerTrustee | $0 | |
Tony Bethea Director | OfficerTrustee | $0 | |
Cariann Colman Secretary | OfficerTrustee | $0 | |
Jerry Dewitt Director | OfficerTrustee | $0 | |
Dave Dyer Director | OfficerTrustee | $0 | |
Sara Haggar Director | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $477,567 |
| Noncash contributions included in lines 1a–1f | $242,849 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $480,067 |
| Total Program Service Revenue | $0 |
| Investment income | $916 |
| 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 | $480,983 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,100 |
| Advertising and promotion | $0 |
| Office expenses | $4,260 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,831 |
| 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 | $12,131 |
| Insurance | $1,874 |
| All other expenses | $1,817 |
| Total functional expenses | $348,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,438 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $258,781 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $225 |
| Total assets | $671,444 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $671,444 |
| Total liabilities and net assets/fund balances | $671,444 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Holly Springs Food Cupboard has recieved totaling $239,504.
| Awarding Organization | Amount |
|---|---|
Food Bank Of Central & Eastern North Carolina Inc Raleigh, NC PURPOSE: FIGHT HUNGER | $206,443 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $26,167 |
Silicon Valley Bank Foundation Santa Clara, CA PURPOSE: TO PROVIDE SUPPLEMENTAL FOOD AND REFERRAL ASSISTANCE TO THOSE IN NEED IN THE HOLLY SPRINGS COMMUNITY. | $2,500 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $1,309 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,235 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Feed More Inc Richmond, VA | $45,221,610 | $83,224,269 |
Second Harvest Food Bank Of Northwest North Carolina Inc Winston Salem, NC | $40,643,437 | $84,978,237 |
Blue Ridge Area Food Bank Inc Verona, VA | $30,715,187 | $59,706,112 |
Harvest Hope Food Bank Columbia, SC | $18,459,507 | $52,907,942 |
Feeding America Southwest Virginia Salem, VA | $17,067,057 | $39,793,171 |
Second Harvest Food Bank Of East Tennessee Maryville, TN | $28,785,775 | $40,115,958 |
Foodbank Of Southeastern Virginia Norfolk, VA | $23,372,380 | $36,248,967 |
Chattanooga Area Food Bank Inc Chattanooga, TN | $13,005,178 | $40,483,306 |
Manna Food Bank Inc Asheville, NC | $28,506,662 | $36,666,910 |
Second Harvest Of South Georgia Inc Valdosta, GA | $19,828,071 | $36,132,665 |
Golden Harvest Food Bank Inc Augusta, GA | $21,730,028 | $42,603,313 |
Second Harvest Food Bank Of Northeast Tennessee Inc Kingsport, TN | $15,480,531 | $35,274,720 |