Wnc Communities
- Assets
- $3.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 3
- Location
- Asheville, NC
- Founding
- 07/1953
- Data as of
- 06/2021
- EIN
- 56-0797766
Organization Overview
Wnc Communities is located in Asheville, NC. The organization was established in 1953. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2021, Wnc Communities employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wnc Communities 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 06/2021, Wnc Communities generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPLEMENTING AND MANAGING INNOVATIVE PROGRAMS TO IMPROVE THE QUALITY OF LIFE FOR RURAL COMMUNITIES AND TO ENHANCE THE ECONOMY OF THE AGRICULTURE SECTOR IN THE WESTERN COUNTIES OF NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RURAL COMMUNITY DEVELOPMENT AND AGRICULTURE PROMOTION COVERING THE WESTERN COUNTIES OF NORTH CAROLINA EMPHASIZING A PROGRAM OF WORK FOCUSED ON COMMUNITY DEVELOPMENT, AGRICULTURE REVENUE AND FOREST HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer L Ferre Executive Director | Officer | 40 | $66,903 |
K Ray Bailey President | OfficerTrustee | 0.1 | $0 |
Jimmy Cowan Vice-Chair | OfficerTrustee | 0.1 | $0 |
Karen Hammett 2nd Vice Chair | OfficerTrustee | 0.1 | $0 |
Lt Ward Vice President | OfficerTrustee | 0.1 | $0 |
Dean Kanipe Chair | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $379,840 |
| All other contributions, gifts, grants, and similar amounts not included above | $813,869 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,193,709 |
| Total Program Service Revenue | $358,454 |
| Investment income | $1,581 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,700 |
| Net Gain/Loss on Asset Sales | $7,475 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,000 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,564,474 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,250 |
| Grants and other assistance to domestic individuals. | $242,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $67,886 |
| Compensation of current officers, directors, key employees. | $13,577 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,212 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,367 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,602 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,658 |
| Fees for services: Other | $21,977 |
| Advertising and promotion | $115 |
| Office expenses | $16,689 |
| Information technology | $5,746 |
| Royalties | $0 |
| Occupancy | $4,557 |
| Travel | $2,322 |
| 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 | $78,838 |
| Insurance | $4,520 |
| All other expenses | $108,887 |
| Total functional expenses | $1,362,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $819,530 |
| Savings and temporary cash investments | $21,318 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,975 |
| 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 | $6,621 |
| Net Land, buildings, and equipment | $2,217,748 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $201,071 |
| Total assets | $3,319,263 |
| Accounts payable and accrued expenses | $27,095 |
| 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 | $0 |
| Total liabilities | $27,095 |
| Net assets without donor restrictions | $2,642,857 |
| Net assets with donor restrictions | $649,311 |
| 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 | $3,319,263 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Wnc Communities has recieved totaling $808,720.
| Awarding Organization | Amount |
|---|---|
Dogwood Health Trust Asheville, NC PURPOSE: DISASTER RELIEF FOR AGRICULTURE PROGRAMS | $500,000 |
Dogwood Health Trust Asheville, NC PURPOSE: REGIONAL FFA WORKING FARM | $220,000 |
United Way Of Haywood County Inc Waynesville, NC PURPOSE: FLOOD ASSISTANCE | $60,000 |
Manna Food Bank Inc Asheville, NC PURPOSE: FOOD DISTRIBUTION | $13,470 |
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: BUILDING COMMUNITY & ECONOMIC VITALITY | $5,250 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $4,000 |
Endowment Analysis
| Beg. Balance | $162,158 |
| Earnings | $40,571 |
| Admin Expense | $1,658 |
| Ending Balance | $201,071 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Carolina Farm Bureau Federation Inc Raleigh, NC | $43,526,522 | $15,980,144 |
Georgia Farm Bureau Federation Macon, GA | $39,904,441 | $13,619,773 |
Virginia Farm Bureau Federation Inc Richmond, VA | $53,446,193 | $7,940,484 |
Tennessee Farm Bureau Federation Columbia, TN | $127,985,651 | $12,173,337 |
Locus Impact Investing Richmond, VA | $7,023,425 | $9,339,755 |
South Carolina Farm Bureau Federation Columbia, SC | $51,878,681 | $8,239,194 |
Agricenter International Inc Memphis, TN | $11,833,861 | $6,132,848 |
Southeast Produce Council Millen, GA | $7,110,033 | $5,998,694 |
United Food And Commercial Workers International Union Hermitage, TN | $1,044,868 | $3,906,250 |
American Dairy Goat Association Spindale, NC | $1,569,647 | $2,322,313 |
National Association Of State Departments Of Agriculture Arlington, VA | $1,267,720 | $1,834,352 |
Bucksport Water System Inc Conway, SC | $17,896,855 | $3,096,455 |