Carrolls Kitchen Inc
- Assets
- $444.8k
- Revenue
- $748.0k
- Investments
- $235.4k
- Employees
- 21
- Location
- Raleigh, NC
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 47-4715833
Organization Overview
Carrolls Kitchen Inc is located in Raleigh, NC. The organization was established in 2016. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2023, Carrolls Kitchen Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carrolls Kitchen 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, Carrolls Kitchen Inc generated $748.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $734.0k during the year ending 12/2023. While expenses have increased by 0.1% per year over the past 5 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
TO PROVIDE HEALTHY EMPLOYMENT FOR WOMEN COMING OUT OF CRISIS IN OUR NONPROFIT SOCIAL ENTERPRISE KITCHEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARROLL'S KITCHEN PROVIDED JOB TRAINING SERVICES AND LIFE SKILLS TRAINING FROM 2016 - 2020 FOR 24 HOMELESS UNEMPLOYED WOMEN IN RALEIGH NC. IN ADDITION TO EMPLOYMENT HOUSING AND TRANSPORTATION ASSISTANCE IS OFFERED TO HELP MEET THE IMMEDIATE NEEDS OF WOMEN IN THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Freeze Board Member | Officer | 1 | $0 |
Vicky Ismail Board Member | Officer | 25 | $0 |
Boomer Brown Board Member | Officer | 1 | $0 |
Ellie Ismail Board Member | Officer | 1 | $0 |
Stan Nowell Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $74,909 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,909 |
| Total Program Service Revenue | $601,698 |
| Investment income | $11,573 |
| 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 | $747,995 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $300,992 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,901 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,341 |
| Advertising and promotion | $3,705 |
| Office expenses | $28,250 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,709 |
| Travel | $599 |
| 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 | $6,589 |
| Insurance | $5,766 |
| All other expenses | $46,524 |
| Total functional expenses | $734,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,317 |
| Savings and temporary cash investments | $45,396 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,485 |
| 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 | $122,242 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $235,405 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $444,845 |
| Accounts payable and accrued expenses | $5,962 |
| 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 | $138,388 |
| Other liabilities | $0 |
| Total liabilities | $144,350 |
| Net assets without donor restrictions | $300,495 |
| 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 | $444,845 |