Food Lion Feeds Charitable Foundation Inc
- Assets
- $1.1m
- Revenue
- $1.6m
- Investments
- $574.9k
- Employees
- 0
- Location
- Salisbury, NC
- Founding
- 01/2002
- Data as of
- 12/2021
- 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 12/2021, Food Lion Feeds Charitable Foundation Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 4.0% per year over the past 4 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 236 individual grants totaling $923,534. 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
2021
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 | |
Lori Williamson Secretary | 2 | $0 | |
Matt Nereim Treasurer | 2 | $0 | |
Natasha Brinegar Vice Preside | 2 | $0 | |
Billy Phillips Board Member | 2 | $0 | |
Valarie Wallace Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,613,092 |
| Interest on Savings | $207 |
| Dividends & Interest | $14,807 |
| 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 | $1,628,106 |
| 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 | $69,978 |
| Total operating and administrative expenses | $106,380 |
| Contributions, gifts, grants paid | $992,105 |
| Total expenses and disbursements | $1,098,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $410,281 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $150,000 |
| 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 | $542,282 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,135,137 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Food Lion Feeds Charitable Foundation Inc has awarded $923,534 in support to 236 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: TO SUPPORT HUNGER RELIEF | $165,000 |
Raleigh, NC PURPOSE: TO SUPPORT HUNGER RELIEF | $100,000 |
Kingsport, TN PURPOSE: TO SUPPORT HUNGER RELIEF | $50,000 |
Salem, VA PURPOSE: TO SUPPORT HUNGER RELIEF | $30,000 |
CONVEY HOSPITAL FOUNDATION INC PURPOSE: TO SUPPORT HUNGER RELIEF | $6,000 |
Norfolk, VA PURPOSE: TO SUPPORT HUNGER RELIEF | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |
Berry Charitable Foundation Greensboro, NC | $66,443,887 | $19,441,279 |
Mcleod Family Foundation Inc Roanoke, VA | $24,622,922 | $3,411,070 |
Petters Family Foundation Newport News, VA | $24,802,843 | $3,836,696 |
Louisiana First Horizon Foundation Memphis, TN | $16,881,232 | $5,299 |