Ashe Food Pantry Inc
- Assets
- $1.1m
- Revenue
- $641.6k
- Investments
- $594.1k
- Employees
- 2
- Location
- Jefferson, NC
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 58-1574702
Organization Overview
Ashe Food Pantry Inc is located in Jefferson, NC. The organization was established in 2007. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2022, Ashe Food Pantry Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ashe Food Pantry 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 12/2022, Ashe Food Pantry Inc generated $641.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $501.0k during the year ending 12/2022. While expenses have increased by 17.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASHE FOOD PANTRY, INC.IS LEADING THE FIGHT TO ELIMINATE HUNGER IN OUR COMMUNITY BY ACQUIRING AND DISTRIBUTING FOOD TO THOSE WHO SEEK AID. WE OPERATE SIX PANTRIES AIMED AT REACHING ALL THE VARIOUS SECTORS OF THE FOOD-INSECURE POPULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASHE FOOD PANTRY, INC. IS LEADING THE FIGHT TO ELIMINATE HUNGER IN OUR COMMUNITY BY ACQUIRING AND DISTRIBUTING FOOD TO THOSE WHO SEEK AID. OUR VISION IS THAT NO ONE SHOULD GO HUNGRY. WE OPERATED SIX PANTRIES AIMED AT REACHING ALL THE VARIOUS SECTORS OF THE FOOD-INSECURE POPULATION. ASHE FOOD PANTRY, INC. ALSO OPERATES FOUR BACKPACK PROGRAMS AIMED AT PROVIDING FOOD BACKPACKS FOR CHILDREN IN THE ELEMENTARY AND MIDDLE SCHOOLS. IN 2022, ASHE FOOD PANTRY, INC. DISTRIBUTED 1,415,065 POUNDS OF FOOD VALUED AT $2,716,924. THIS REPRESENTS A 100% INCREASE OVER PRE-COVID. OF PARTICULAR INTEREST, ONLY 5% OF OUR CLIENTS VISIT EACH MONTH OR A TOTAL OF TWELVE ALLOWABLE VISITS PER YEAR. IN 2022, OUR SIX PANTRY PROGRAMS SERVED A TOTAL OF 122,667 DUPLICATED CLIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Vannoy Chair | Officer | 8 | $0 |
Lennie Andreucci Treasurer | Officer | 8 | $0 |
Bethany Stone Secretary | Officer | 8 | $0 |
Michael Sexton Executive Director | Trustee | 8 | $0 |
Dan Leahey Board Member | Trustee | 8 | $0 |
Cindy Easley Board Member | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $546,206 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $574,206 |
| Total Program Service Revenue | $0 |
| Investment income | $3,780 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $59,389 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $641,638 |
| 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 | $120,790 |
| 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 | $5,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,242 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,000 |
| 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 | $51,402 |
| Insurance | $15,528 |
| All other expenses | $38,861 |
| Total functional expenses | $501,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,687 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $289,041 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $594,143 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,101,871 |
| Accounts payable and accrued expenses | $1,158 |
| 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 | $1,158 |
| Net assets without donor restrictions | $1,100,713 |
| 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 | $1,101,871 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ashe Food Pantry Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Womens Fund Of The Blue Ridge Inc Boone, NC PURPOSE: Operation Backpack | $15,000 |
Endowment Analysis
| Earnings | -$8,144 |
| Admin Expense | $772 |
| Net Contributions | $100,000 |
| Ending Balance | $91,084 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Soles 4 Souls Old Hickory, TN | $32,677,835 | $92,759,575 |
Thdf Ii Inc Atlanta, GA | $179,301,928 | $109,861,621 |
United Food Force Inc Mcdonough, GA | $2,007,344 | $13,651,508 |
Crisis Assistance Ministry Charlotte, NC | $9,210,179 | $12,946,602 |
Urban Ministries Of Wake County Inc Raleigh, NC | $7,262,423 | $11,747,038 |
Hca Hope Fund Nashville, TN | $21,200,285 | $11,328,129 |
North Fulton Community Charities Inc Roswell, GA | $11,894,105 | $9,822,757 |
Mercy Chefs Inc Portsmouth, VA | $5,186,203 | $10,305,611 |
Together Rising Falls Church, VA | $3,141,872 | $7,574,993 |
Graceworks Ministries Inc Franklin, TN | $5,757,602 | $9,107,244 |
The Center For Family Resources Inc Marietta, GA | $3,412,600 | $7,984,553 |
Food For Others Inc Fairfax, VA | $7,441,575 | $8,993,169 |