Food Connection Inc
- Assets
- $356.2k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 11
- Location
- Asheville, NC
- Founding
- 10/2016
- Data as of
- 12/2023
- 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 12/2023, Food Connection Inc employed 11 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 12/2023, Food Connection Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 34.9% per year over the past 7 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
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
FOOD CONNECTION'S KEY PROGRAMS FOCUS ON DISTRIBUTING NUTRITIOUS CHEF- PREPARED RESCUED FOOD WITH AGENCY PARTNERS WHO SERVE THE COMMUNITY AND DIRECTLY INTO NEIGHBORHOODS WHERE WORKING FAMILIES AND SENIORS MAY NOT HAVE ACCESS TO NUTRITIOUS PREPARED MEALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marisha Macmorran Executive Di | Trustee | 40 | $64,108 |
Jeff Eatherly Board Member | Trustee | 2 | $0 |
Mike Fitzpatrick Board Member | Trustee | 2 | $0 |
Terry Foley Secretary | OfficerTrustee | 4 | $0 |
John Hash Board Member | Trustee | 2 | $0 |
Nora Latta Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $51,000 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,340,329 |
| Noncash contributions included in lines 1a–1f | $1,083,724 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,441,329 |
| Total Program Service Revenue | $0 |
| Investment income | $60 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,972 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,434,417 |
| 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. | $64,108 |
| Compensation of current officers, directors, key employees. | $30,131 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $154,597 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,756 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $270 |
| Fees for services: Accounting | $4,512 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,170 |
| Advertising and promotion | $3,135 |
| Office expenses | $2,232 |
| Information technology | $2,465 |
| Royalties | $0 |
| Occupancy | $4,939 |
| Travel | $7,397 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $794 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,721 |
| Insurance | $6,283 |
| All other expenses | $189 |
| Total functional expenses | $1,413,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,941 |
| Savings and temporary cash investments | $60,712 |
| 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 | $135,713 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,842 |
| Total assets | $356,208 |
| Accounts payable and accrued expenses | $10,474 |
| 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 | $10,474 |
| Net assets without donor restrictions | $193,384 |
| 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 | $356,208 |