Feast Down East Inc
- Assets
- $113.1k
- Revenue
- $563.0k
- Investments
- $0.0
- Employees
- 12
- Location
- Burgaw, NC
- Founding
- 03/2013
- Data as of
- 12/2021
- EIN
- 32-0333038
Organization Overview
Feast Down East Inc is located in Burgaw, NC. The organization was established in 2013. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Feast Down East Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Feast Down East 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, Feast Down East Inc generated $563.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $491.9k during the year ending 12/2021. While expenses have increased by 7.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FEAST DOWN EAST STRENGTHENS THE FARMING COMMUNITIES IN AND AROUND THE WILMINGTON, NC AREA BY PROVIDING RESOURCES, EDUCATION, AND DISTRIBUTION OPPORTUNITIES TO FARMERS WHILE ADDRESSING EQUITABLE FOOD ACCESS IN COMMUNITIES WITH THE GREATEST NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR PROGRAMS HELP TO SUPPORT FARM BUSINESSES, DISTRIBUTE LOCAL PRODUCE AND INCREASE ACCESS FOR ALL CONSUMERS. WE ALSO EDUCATE THE PUBLIC ON THE IMPORTANCE OF BUYING LOCAL FOODS.FOUNDED AS AN ECONOMIC DEVELOPMENT EFFORT, FEAST DOWN EAST'S PRIMARY GOAL IS TO HELP FARMS IN SOUTHEASTERN NORTH CAROLINA PROSPER FINANCIALLY. OUR FOOD HUB OFFERS ASSISTANCE TO FARMERS, IN PARTICULAR THOSE WITH LIMITED RESOURCES, THROUGH A VARIETY OF SERVICES. THIS INCLUDES CONNECTING FARMERS TO EDUCATIONAL OPPORTUNITIES AND TECHNICAL SUPPORT SERVICES, WHETHER THROUGH FEAST DOWN EAST OR OUR STATEWIDE NETWORK OF PARTNERS. WE ALSO HELP TO PROMOTE LOCAL FARMS AND THEIR PRODUCTS THROUGH MARKETING AND CONSUMER EDUCATION EFFORTS. FINALLY, FEAST DOWN EAST HELPS TO DISTRIBUTE FARM PRODUCTS THROUGH THE FOOD HUB, WHICH PROVIDES FARMERS WITH ADDITIONAL INCOME AND REDUCES THEIR COSTS OF DISTRIBUTION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cara Stretch Executive Dir. | Officer | 40 | $55,080 |
Caitlin Osgood Treasurer | OfficerTrustee | 2 | $0 |
Julia Waity Chair | OfficerTrustee | 2 | $0 |
Marie Davis Vice Chair | OfficerTrustee | 2 | $0 |
Andre Brown Director | Trustee | 1 | $0 |
Grace Summers Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $337,422 |
| All other contributions, gifts, grants, and similar amounts not included above | $135,691 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $473,113 |
| Total Program Service Revenue | $4,838 |
| Investment income | $0 |
| 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 | $85,080 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $563,031 |
| 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. | $55,080 |
| Compensation of current officers, directors, key employees. | $18,360 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $247,491 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,369 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,431 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,090 |
| Advertising and promotion | $1,796 |
| Office expenses | $1,269 |
| Information technology | $15,688 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $554 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,440 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,056 |
| Insurance | $4,871 |
| All other expenses | $0 |
| Total functional expenses | $491,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,754 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,283 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,077 |
| Prepaid expenses and deferred charges | $1,188 |
| Net Land, buildings, and equipment | $27,809 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $113,111 |
| Accounts payable and accrued expenses | $26,065 |
| 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 | $26,065 |
| Net assets without donor restrictions | $87,046 |
| 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 | $113,111 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Feast Down East Inc has recieved totaling $151,150.
| Awarding Organization | Amount |
|---|---|
The Conservation Fund A Nonprofit Corporation Arlington, VA PURPOSE: CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT | $94,875 |
Carolina Farm Stewardship Association Pittsboro, NC PURPOSE: PARTICIPATION IN FARMSSHARE FOOD DISTRIBUTION PROGRAM | $46,063 |
Harvey Mcnairy Foundation Inc Kinston, NC PURPOSE: CHARITABLE | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $212 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Food Allergy Research & Education Inc Mclean, VA | $49,740,343 | $11,947,289 |
Georgia Federal-State Shipping Point Inspection Service Inc Albany, GA | $23,696,147 | $20,421,637 |
North Carolina Farm Bureau Federation Inc Raleigh, NC | $43,526,522 | $15,980,144 |
Georgia Farm Bureau Federation Macon, GA | $39,904,441 | $13,619,773 |
Virginia Farm Bureau Federation Inc Richmond, VA | $53,446,193 | $7,940,484 |
Tennessee Farm Bureau Federation Columbia, TN | $127,985,651 | $12,173,337 |
Locus Impact Investing Richmond, VA | $7,023,425 | $9,339,755 |
South Carolina Farm Bureau Federation Columbia, SC | $51,878,681 | $8,239,194 |
Agricenter International Inc Memphis, TN | $11,833,861 | $6,132,848 |
Southeast Produce Council Millen, GA | $7,110,033 | $5,998,694 |
United Food And Commercial Workers International Union Hermitage, TN | $1,044,868 | $3,906,250 |
American Dairy Goat Association Spindale, NC | $1,569,647 | $2,322,313 |