Essential Needs
- Assets
- -$1.5k
- Revenue
- $254.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, TN
- Founding
- 12/2014
- Data as of
- 09/2022
- EIN
- 47-2488626
Organization Overview
Essential Needs is located in Madison, TN. The organization was established in 2014. According to its NTEE Classification (K40) the organization is classified as: Nutrition, 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. Essential Needs 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 09/2022, Essential Needs generated $254.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $255.6k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (13.3%) per year over the past 7 years. 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
ESSENTIAL NEEDS IS A NON-PROFIT ORGANIZATION THAT AIMS TO BUILD A HEALTHY MIND AND BODY FOR ALL. THROUGH A VARIETY OF OUTREACH PROGRAMS AND SERVICES, OUR COMMITTED TEAM OF PROFESSIONALS AND TRAINED VOLUNTEERS HELP MAKE THE HEALTHY THE CHOICE THE EASIEST CHOICE FOR INDIVIDUALS AND COMMUNITIES IN NEED BY:IDENTIFYING AND DISTRIBUTING SOCIAL, EDUCATIONAL, AND ECONOMIC RESOURCES TO SUPPORT HEALTHY DECISIONS AND BEHAVIORS; AND PARTICIPATING IN VOLUNTEER AND ADVOCACY EFFORTS FOCUSED ON IMPROVING QUALITY OF LIFE, HEALTH, AND OVERALL WELLBEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CACFP-PROVIDES REIMBURSEMENT FOR MEALS AND SNACKS SERVED TO SMALL GROUPS OF CHILDREN RECEIVING NONRESIDENTIAL DAY CARE IN PRIVATE HOMES THAT ARE LICENSED, REGISTERED, OR APPROVED TO PROVIDE FAMILY CHILD CARE.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $254,096 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,096 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $254,096 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $183,597 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $54,077 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,034 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $902 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $392 |
| Travel | $176 |
| 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 | $248 |
| Insurance | $1,295 |
| All other expenses | $1,480 |
| Total functional expenses | $255,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1,505 |
| 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 | $50 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | -$1,455 |
| 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 | $48,448 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $16,131 |
| Other liabilities | $9,897 |
| Total liabilities | $74,476 |
| Net assets without donor restrictions | -$75,931 |
| 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 | -$1,455 |