Meet The Needs Charleston
- Assets
- $108.1k
- Revenue
- $901.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Pleasant, SC
- Founding
- 11/2011
- Data as of
- 06/2023
- EIN
- 47-2703106
Organization Overview
Meet The Needs Charleston, operating under the name Feed The Need Teach The Need, is located in Mount Pleasant, SC. The organization was established in 2011. 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. Feed The Need Teach The Need 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 06/2023, Feed The Need Teach The Need generated $901.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 34.6% each year . All expenses for the organization totaled $847.7k during the year ending 06/2023. While expenses have increased by 35.8% per year over the past 8 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.
Since 2017, Feed The Need Teach The Need has awarded 52 individual grants totaling $3,577,086. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT ISSUES PERTAINING TO HUNGER, HOMELESSNESS, AND JOB TRAINING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOAL OF FEED THE NEED CHARLESTON IS TO SUPPORT ORGANIZATIONS INVOLVED IN FEEDING AT-RISK RESIDENTS OF THE GREATER CHARLESTON AREA, INCLUDING ONE80PLACE, NEIGHBORS TOGETHER, AND NEIGHBORHOOD HOUSE. THIS INITIATIVE IS ACCOMPLISHED BY FUND RAISING EVENTS THROUGHOUT THE YEAR, INCLUDING, BUT NOT LIMITED TO DINING FOR A CAUSE, AND FTN KIAWAH ISLAND GOLF OUTING. THESE EVENTS ARE MADE POSSIBLE THROUGH THE ASSISTANCE OF MANY LOCAL FOOD AND BEVERAGE PROFESSIONALS WHICH SUPPORT FEED THE NEED CHARLESTON IN ACHIEVING OUR FUNDRAISING GOALS. IN ADDITION, FEED THE NEED CHARLESTON SUPPORTS JOB TRAINING PROGRAMS AIMED AT ASSISTING PEOPLE IN FINDING OPPORTUNITIES TO BETTER THEIR LIVES.
TEACH THE NEED, A RECENTLY LAUNCHED INITIATIVE, IS PROVIDING A 6-WEEK RESTAURANT SKILLS CURRICULUM TO STUDENTS IN EIGHT AREA, TITLE I HIGH SCHOOLS. THE GOAL IS TO HELP THESE YOUNG ADULTS DEVELOP THE SKILLS AND CONFIDENCE NEEDED TO SECURE - AND KEEP - JOBS IN THE FOOD AND BEVERAGE INDUSTRY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Palmer Board Member | Trustee | 1 | $0 |
Michael Bakst President | OfficerTrustee | 10 | $50,000 |
Ellen Gansen Secretary | OfficerTrustee | 5 | $25,000 |
Dixon Woodward Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $554,981 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,871 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $665,852 |
| 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 | $235,791 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $901,643 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $717,812 |
| 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. | $75,000 |
| Compensation of current officers, directors, key employees. | $75,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $598 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,200 |
| 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 | $1,894 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $500 |
| 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 | $2,180 |
| All other expenses | $2,915 |
| Total functional expenses | $847,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,050 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $108,050 |
| 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 | $1,773 |
| Total liabilities | $1,773 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $106,277 |
| 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 | $108,050 |
Grants Awarded
Over the last fiscal year, Meet The Needs Charleston has awarded $699,939 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
EAST COOPER MEALS ON WHEELS PURPOSE: TO BENEFIT THE CHARLESTON DIVISION OF MEALS ON WHEELS, WHICH PROVIDES NUTRITIOUS MEALS , COMPANIONSHIP, AND A WATCHFUL EYE ON THE HEALTH AND SAFETY OF SENIOR CITIZENS. | $20,000 |
ONE80 PLACE PURPOSE: TO SUPPORT THE EFFORTS PROVIDED BY ONE 80 PLACE TO END AND PREVENT HOMLESSNESS ONE PERSON AND ONE FAMILY AT A TIME. | $175,000 |
OUR LADY OF MERCY NEIGHBORHOOD HOUSE PURPOSE: TO BENEFIT THE MISSION OF OUR LADY OF MERCY COMMUNITY OUTREACH, WHICH PROVIDES BASIC LITERACY, BUDGETING, COMPUTER SKILLS, HEALTH AND WELLNESS, AND ART PROGRAMS TO ADULTS IN THE CHARLESTON AREA. | $160,000 |
BEN'S FRIENDS PURPOSE: TO HELP PROVIDE RELIEF AND SUPPORT TO THOSE STRUGGLING WITH DRUG AND ALCOHOL ADDICTION IN THE FOOD AND BEVERAGE COMMUNITY. | $50,000 |
EAST COOPER COMMUNITY OUTREACH PURPOSE: TO BENEFIT THE MISSION OF EAST COOPER COMMUNITY OUTREACH | $35,000 |
NEIGHBORS TOGETHER PURPOSE: TO BENEFIT THE MISSION OF NEIGHBORS TOGETHER | $243,799 |