Food Connection Inc
- Assets
- $277.0k
- Revenue
- $876.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Asheville, NC
- Founding
- 10/2016
- Data as of
- 12/2021
- EIN
- 81-4190128
Organization Overview
Food Connection Inc is located in Asheville, NC. The organization was established in 2016. 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 Connection Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Connection 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 Connection Inc generated $876.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $804.0k during the year ending 12/2021. While expenses have increased by 35.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOOD CONNECTION RELIEVES HUNGER WHILE REDUCING WASTE BY CONNECTING SURPLUS FRESHLY PREPARED MEALS WITH THOSE EXPERIENCING FOOD INSECURITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2020, FOOD CONNECTION RESCUED A SIGNIFICANT SURPLUS OF FRESHLY PREPARED FOOD IN ORDER TO REDISTRIBUTE IT TO COMMUNITY ORGANIZATIONS FEEDING THOSE IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marisha Macmorran Executive Di | Trustee | 40 | $33,230 |
Flori Pate Executive Di | Officer | 40 | $28,503 |
Carolyn Hunter President | OfficerTrustee | 5 | $0 |
Joy Flora Treasurer | OfficerTrustee | 7 | $0 |
Denise Lockett Board Member | Trustee | 2 | $0 |
Melissa Mcknight Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,985 |
| All other contributions, gifts, grants, and similar amounts not included above | $856,890 |
| Noncash contributions included in lines 1a–1f | $540,712 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $867,875 |
| Total Program Service Revenue | $0 |
| Investment income | $428 |
| 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 | $876,526 |
| 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. | $61,733 |
| Compensation of current officers, directors, key employees. | $29,014 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,908 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,444 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,001 |
| Advertising and promotion | $2,399 |
| Office expenses | $3,746 |
| Information technology | $1,043 |
| Royalties | $0 |
| Occupancy | $6,814 |
| Travel | $1,480 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $251 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,070 |
| Insurance | $3,436 |
| All other expenses | -$91 |
| Total functional expenses | $804,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,023 |
| Savings and temporary cash investments | $64,115 |
| 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 | $15,623 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,201 |
| Total assets | $276,962 |
| Accounts payable and accrued expenses | $6,620 |
| 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 | $6,620 |
| Net assets without donor restrictions | $117,992 |
| Net assets with donor restrictions | $152,350 |
| 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 | $276,962 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Food Connection Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Marcotte Family Foundation Inc Asheville, NC PURPOSE: PROGRAM SERVICES | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meals On Wheels America Arlington, VA | $39,209,514 | $71,254,608 |
The Society Of Saint Andrew Inc Big Island, VA | $6,276,921 | $21,122,125 |
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 |