Asheville Poverty Initiative
- Assets
- $268.6k
- Revenue
- $216.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Asheville, NC
- Founding
- 01/2016
- Data as of
- 12/2023
- EIN
- 81-0757744
Organization Overview
Asheville Poverty Initiative is located in Asheville, NC. The organization was established in 2016. According to its NTEE Classification (K34) the organization is classified as: Congregate Meals, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, Asheville Poverty Initiative employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asheville Poverty Initiative 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, Asheville Poverty Initiative generated $216.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $197.6k during the year ending 12/2023. While expenses have increased by 8.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ASHEVILLE POVERTY INITIATIVE AIMS TO BUILD COMMUNITY AND PROMOTE ECONOMIC JUSTICE: DISMANTLING STEREOTYPES, REDUCING FEAR, AND EMPOWERING HOPE THROUGH TELLING STORIES ACROSS SOCIO-ECONOMIC DIFFERENCE. WE ENVISION A BELOVED COMMUNITY THAT CELEBRATES MUTUALITY, ABUNDANCE, AND JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH WEEK 12 BASKETS CAF SERVES LUNCH 2 DAYS AND PROVIDES GROCERY TAKEAWAY 2 DAYS TO ALL WHO COME AT NO CHARGE, SERVING DONATED/RESCUED FOOD PROVIDED BY LOCAL RESTAURANTS, FOOD SERVICES, GROCERY STORES, AND FARMS. IN 2023 THE CAF SERVED OVER 22,000 MEALS AND RESCUED APPROXIMATELY 120,000 POUNDS OF FOOD.
API'S REALITIES OF POVERTY EDUCATION PROGRAMS INCLUDE GROUP DISCUSSIONS, PANELS, AND TOURS OF PLACES IN DOWNTOWN ASHEVILLE A HOMELESS PERSON MIGHT VISIT IN A DAY. GROUPS CAN INCLUDE SCHOOLS, COLLEGES, CHURCHES, CIVIC GROUPS, OR INTERESTED INDIVIDUALS. THE PROGRAMS ARE LED BY OUR POVERTY EDUCATORS, GIVING VOICE AND LEADERSHIP OPPORTUNITIES TO PEOPLE WITH LIFE EXPERIENCES OF POVERTY TO EDUCATE OTHERS AS TO THE CAUSES AND CHALLENGES OF POVERTY. THIS PROGRAM WAS RE-STARTED IN OCTOBER 2023 WITH A DEDICATED COORDINATOR AND PROVIDED 3 PROGRAMS TO 22 PARTICIPANTS IN OCTOBER AND NOVEMBER.
12 BASKETS CAF ALSO PROVIDES HOSTED MEETING SPACE FOR COMMUNITY GROUPS OUTSIDE OF FOOD SERVING HOURS. AFFINITY GROUPS INCLUDE PEOPLE CREATING ART AND MUSIC, SHARING CREATIVE WRITINGS, PLAYING CHESS, DISCUSSING IMPORTANT LOCAL TOPICS, OR JUST WATCHING A MOVIE TOGETHER. STARTED IN SEPTEMBER, THIS PROGRAM QUICKLY GREW TO 30 MEETINGS PER MONTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberleigh Wells Board Chair | OfficerTrustee | 10 | $0 |
Philip Leonard Treasurer | OfficerTrustee | 20 | $0 |
Bill Buchanan Secretary | OfficerTrustee | 2 | $0 |
Melissa Harris Board Member | Trustee | 2 | $0 |
Tj Amos Board Member | Trustee | 2 | $0 |
Steve Leventer Board Member | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $705 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $210,012 |
| Noncash contributions included in lines 1a–1f | $13,143 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $210,717 |
| Total Program Service Revenue | $600 |
| Investment income | $4,920 |
| 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 | -$323 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $216,222 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,500 |
| 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 | $93,397 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,145 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,556 |
| Advertising and promotion | $564 |
| Office expenses | $3,253 |
| Information technology | $4,002 |
| Royalties | $0 |
| Occupancy | $41,656 |
| Travel | $718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $855 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,279 |
| Insurance | $3,411 |
| All other expenses | $0 |
| Total functional expenses | $197,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,484 |
| Savings and temporary cash investments | $171,082 |
| Pledges and grants receivable | $11,064 |
| Accounts receivable, net | $225 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $300 |
| Prepaid expenses and deferred charges | $544 |
| Net Land, buildings, and equipment | $12,022 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,867 |
| Total assets | $268,588 |
| Accounts payable and accrued expenses | $7,318 |
| 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 | $7,318 |
| Net assets without donor restrictions | $155,635 |
| Net assets with donor restrictions | $105,635 |
| 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 | $268,588 |