Food Runners Collaborative Inc
- Assets
- $2.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 20
- Location
- Raleigh, NC
- Founding
- 12/1999
- Data as of
- 12/2021
- EIN
- 56-2159246
Organization Overview
Food Runners Collaborative Inc is located in Raleigh, NC. The organization was established in 1999. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Food Runners Collaborative Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Runners Collaborative 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 12/2021, Food Runners Collaborative Inc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A FACILITY TO ENHANCE THE ABILITY OF MEALS ON WHEELS OF WAKE COUNTY AND INTER-FAITH FOOD SHUTTLE TO ADDRESS HUNGER IN THEIR REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A SHARED FACILITY TO PREPARE MEALS FOR HUNGRY IN THEIR REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paola Learoyd President El | OfficerTrustee | $0 | |
Rob Brittain President | OfficerTrustee | $0 | |
Bob Alger Director | Trustee | $0 | |
Sam Slater Past Preside | OfficerTrustee | $0 | |
Matt Robinson Vice Preside | OfficerTrustee | $0 | |
Kay Burgess Treasurer | OfficerTrustee | $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 | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $1,719,537 |
| Investment income | $61 |
| 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 | $1,721,680 |
| 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. | $100,138 |
| Compensation of current officers, directors, key employees. | $50,069 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $396,013 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $145,643 |
| Payroll taxes | $37,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,137 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,992 |
| Advertising and promotion | $0 |
| Office expenses | $6,854 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,111 |
| Travel | $18,195 |
| 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 | $137,729 |
| Insurance | $26,879 |
| All other expenses | -$283,088 |
| Total functional expenses | $1,908,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,804 |
| Savings and temporary cash investments | $623,227 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $286,159 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $41,303 |
| Prepaid expenses and deferred charges | $30,193 |
| Net Land, buildings, and equipment | $1,779,214 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,926,900 |
| Accounts payable and accrued expenses | $2,432 |
| 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 | $61,141 |
| Total liabilities | $63,573 |
| Net assets without donor restrictions | $2,863,327 |
| 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 | $2,926,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Fill Ministries Inc Cumming, GA | $1,776,201 | $2,103,898 |
The Harvest Center Of Charlotte Inc Charlotte, NC | $6,077,688 | $1,147,805 |