Food Lion Feeds Charitable Foundation Inc
- Assets
- $1.5m
- Revenue
- $1.8m
- Investments
- $1.1m
- Employees
- 0
- Location
- Salisbury, NC
- Founding
- 01/2002
- Data as of
- 12/2023
- EIN
- 56-2279572
Organization Overview
Food Lion Feeds Charitable Foundation Inc is located in Salisbury, NC. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Lion Feeds Charitable Foundation 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, Food Lion Feeds Charitable Foundation Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 3.5% 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.
Since 2020, Food Lion Feeds Charitable Foundation Inc has awarded 241 individual grants totaling $2,828,784. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS PAID TO FEEDING AMERICA AND UNITED WAY AGENCY MEMBERS. ALL GRANTS WERE PAID TO IRC 501C3 ORGANIZATIONS. THE PURPOSE OF ALL GRANTS WAS TO COMBAT HUNGER. SEE ATTACHED SCHEDULE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Bass President | 2 | $0 | |
Natasha Brinegar Vice Preside | 2 | $0 | |
Lori Williamson Secretary | 2 | $0 | |
Matt Nereim Treasurer | 2 | $0 | |
Jennifer Blanchard Board Member | 2 | $0 | |
Currie Dalton Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,755,361 |
| Interest on Savings | $1,064 |
| Dividends & Interest | $81,622 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,838,047 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $191,501 |
| Total operating and administrative expenses | $197,901 |
| Contributions, gifts, grants paid | $1,905,250 |
| Total expenses and disbursements | $2,103,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,552 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $239,000 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,079,284 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,511,852 |
| Accounts payable and accrued expenses | $5,700 |
| Grants payable | $450,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $455,700 |
Grants Awarded
Over the last fiscal year, Food Lion Feeds Charitable Foundation Inc has awarded $1,905,250 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SPRING GRANTS SCHEDULE ATTACHED PURPOSE: HUNGER RELIEF | $732,200 |
FALL GRANTS SCHEDULE ATTACHED PURPOSE: HUNGER RELIEF | $586,550 |
NOURISH UP 10 YR COMMITTMENT PURPOSE: EXPAND FOOD BANK FACILITY | $500,000 |
TERRIE HESS CHILD ADVOCACY PURPOSE: CHILD NUTRITION | $85,000 |
MISC FOOD BANK PURPOSE: FOOD BANKS | $1,500 |