Share The Table Inc
- Assets
- $1.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Holly Ridge, NC
- Founding
- 02/2018
- Data as of
- 12/2023
- EIN
- 35-2587416
Organization Overview
Share The Table Inc is located in Holly Ridge, NC. The organization was established in 2018. 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. As of 12/2023, Share The Table Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Share The 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 12/2023, Share The Table Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 55.0% each year . All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 60.3% per year over the past 6 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
PUBLIC CHARITY - FOOD DISTRIBUTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR FOOD PANTRY SERVED 495,253 MEALS IN 2023. THAT EQUALS OVER 10,000 MEALS PER WEEK. THAT IS DONE WITH THE FOOD PANTRY, THE SOUP KITCHEN THAT SERVED OVER 3500 INDIVIDULAS IN 2023, AND 4000 BACK PACKS THAT WERE GIVEN TO CHILDREN TO TAKE HOME FROM SCHOOL AND DURING THE SUMMER VACATION EACH WEEK. OVER 35,000 TIMES, FAMILIES WERE GIVEN 34 WORTH OF FOOD DURING THE YEAR.
OUR FREE GIFT STORE GAVE AWAY BEDDING, FURNITURE, BOOKS, KITCHEN UTENSILS, TOYS AND GAMES, AND OVER 33,000 DIAPERS FOR NO CHARGE TO ANYONE IN NEED.
OUR NEW FACILITY SHOULD BE COMPLETED IN 2024. THE PERMITTING PROCESS TOOK LONGER THAN EXPECTED. IT WILL EXPAND OUR STORAGE FACILITY FROM 3500 SQUARE FEET TO 9500 SQUARE FEET. IN ADDITION IT WILL ADD A PROFESSIONAL KITCHEN FACILITY FOR EXPANDING OUR SOUP KITCHEN AND CLASSROOM FACILITIESFOR TEACHING HEALTH, FOOD AND BUDGETING SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mollie Grant Chairperson | OfficerTrustee | 10 | $0 |
Ashley Rose Member | Trustee | 2 | $0 |
Pat Fontana Member | Trustee | 10 | $0 |
Michelle Bennett Treasurer | OfficerTrustee | 10 | $0 |
Summy Rucker Member | OfficerTrustee | 2 | $0 |
Shirleen Spencer Secretary | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42,048 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,904,574 |
| Noncash contributions included in lines 1a–1f | $1,117,776 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,946,622 |
| Total Program Service Revenue | $0 |
| 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 | $26,409 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,973,031 |
| 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 | $1,123,356 |
| Compensation of current officers, directors, key employees. | $47,822 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,414 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,316 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $619,662 |
| Advertising and promotion | $1,796 |
| Office expenses | $6,164 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,982 |
| 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 | $0 |
| Insurance | $7,537 |
| All other expenses | $0 |
| Total functional expenses | $1,963,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,037,253 |
| Savings and temporary cash investments | $49,587 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,244 |
| 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 | $621,153 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,737,237 |
| Accounts payable and accrued expenses | $7,538 |
| 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 | $348,184 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $355,722 |
| 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 | $621,153 |
| Retained earnings, endowment, accumulated income, or other funds | $760,362 |
| Total liabilities and net assets/fund balances | $1,737,237 |