Scholars Of Sustenance
- Assets
- $170.6k
- Revenue
- $504.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Wilmington, NC
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 47-2368767
Organization Overview
Scholars Of Sustenance is located in Wilmington, NC. The organization was established in 2015. According to its NTEE Classification (K30) the organization is classified as: Food Programs, 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. Scholars Of Sustenance 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, Scholars Of Sustenance generated $504.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $453.9k during the year ending 12/2021. While expenses have increased by 17.4% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MINIMIZE WASTED HOSPITALITY FOOD BY PROVIDING A DISTRIBUTION NETWORK TO POOR COMMUNITIES WHILE FACILITATING THE ADVANCED EDUCATION OF UNDERPRIVILEGED RESIDENTS OF THOSE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE YEAR ENDED 12/31/2019, PRINCIPALS MADE TRIPS TO BALI, INDONESIA, MALAYSIA, AND THAILAND. THE PURPOSE OF THE TRIPS WERE TO MEET WITH HOTELS AND OTHER FOUNDATIONS TO PROPOSE WORKING RELATIONSHIPS AND PROMOTE FOOD RECYCLING TO ORPHANAGES, ABUSED WOMENS HOMES, SCHOOLS SYSTEMS AND VILLAGES OUTSIDE THE MAJOR CITIES. PRINCIPALS ALSO MET WITH COMPOST CENTERS TO PROMOTE WORKING RELATIONSHIPS IN ORDER TO SEND SPOILED FOOD FOR COMPOSTING IN EXCHANGE FOR COMPOST TO BE DISTRIBUTED TO VILLAGES FOR CROPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bo H Holmgreen Director | 30 | $0 | |
Christina Holmgreen Director | 1 | $0 | |
Turid Z Kaehny Director | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $504,566 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $504,566 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $321 |
| Printing and publications | $0 |
| Other expenses | $1,504 |
| Total operating and administrative expenses | $86,048 |
| Contributions, gifts, grants paid | $367,848 |
| Total expenses and disbursements | $453,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,598 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $170,598 |
| Accounts payable and accrued expenses | $292,049 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $292,049 |
Grants Awarded
Over the last fiscal year, Scholars Of Sustenance has awarded $367,848 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARS OF SUSTENANCE THAILAND - SOS BANGKOK PURPOSE: HUNGER-RELIEF AND SCHOLARSHIP ASSISTANCE ORGANIZATION CREATED TO FACILITATE THE RECYCLING OF WASTED HOSPITALITY FOOD IN UNDERDEVELOPED AREAS AND THE FUNDING OF SCHOLARSHIPS FOR IMPOVERISHED STUDENTS. | $280,464 |
SCHOLARS OF SUSTENANCE INDONESIA - SOS BALI PURPOSE: HUNGER-RELIEF AND SCHOLARSHIP ASSISTANCE ORGANIZATION CREATED TO FACILITATE THE RECYCLING OF WASTED HOSPITALITY FOOD IN UNDERDEVELOPED AREAS AND THE FUNDING OF SCHOLARSHIPS FOR IMPOVERISHED STUDENTS. | $87,384 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Scholars Of Sustenance has recieved totaling $265,000.
| Awarding Organization | Amount |
|---|---|
The Global Foodbanking Network Chicago, IL PURPOSE: Increase food sourcing and distribution capabilities through the purchase of a vehicle and staff salaries (Thailand) | $135,000 |
The Global Foodbanking Network Chicago, IL PURPOSE: Emergency Preparedness & Response Grant: COVID 19 (Thailand and Indonesia) | $130,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meals On Wheels America Arlington, VA | $39,209,514 | $71,254,608 |
The Society Of Saint Andrew Inc Big Island, VA | $6,276,921 | $21,122,125 |
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 |