Southeast Regional Cooperative Inc
- Assets
- $669.6k
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 4
- Location
- East Point, GA
- Founding
- 05/2018
- Data as of
- 12/2021
- EIN
- 82-2707649
Organization Overview
Southeast Regional Cooperative Inc is located in East Point, GA. The organization was established in 2018. According to its NTEE Classification (K12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Southeast Regional Cooperative Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeast Regional Cooperative 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, Southeast Regional Cooperative Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 42.9% each year . All expenses for the organization totaled $4.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A TYPE I SUPPORTING ORGANIZATION OF FEEDING AMERICA FOOD BANKS IN THE SOUTHEASTERN UNITED STATES.
Describe the Organization's Program Activity:
THE SOUTHEAST REGIONAL COOPERATIVE (SERC) IS A 501(C)3, TYPE I SUPPORTING ORGANIZATION OF THE FEEDING AMERICA FOOD BANKS IN 7 SOUTHEASTERN STATES. IT SEEKS TO PROVIDE FRESH PRODUCE TO FOOD BANKS IN THE SOUTHEAST REGION, FOCUSING ON QUANTITY, QUALITY, AND VARIETY. THE SERC IS DESIGNED TO AGGREGATE PRODUCE DEMAND FROM FOOD BANKS THROUGHOUT THE SOUTHEAST AND MATCH THAT DEMAND WITH SURPLUS PRODUCE FROM THE SOUTHEAST STATES AND ACROSS THE COUNTRY. THE SERC SEEKS TO REDUCE THE COST OF ACQUISITION FOR FRESH PRODUCE BY BUILDING DONOR RELATIONSHIPS AND LOWERING LOGISTICS COSTS, THEREBY INCREASING FRESH DONATED PRODUCE FOR OUR SUPPORTED MEMBER FOOD BANKS. THE SERC NEGOTIATES AND PROCURES EXCESS DONATED PRODUCE AND FREIGHT COSTS FOR PARTICIPATING FOOD BANKS. THE SERC MANAGES A CONTRACTED MIXING FACILITY WHERE IT AGGREGATES STRAIGHT COMMODITY TRUCKLOADS AND CROSS-DOCK THE PRODUCE TO CREATE MIXED COMMODITY TRUCKLOADS. THE SERC THEN DISTRIBUTES THESE MIXED PRODUCE TRUCKLOADS TO THE SUPPORTED FOOD BANKS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Flint Executive Director | Officer | 40 | $124,308 |
Kyle Waide Chairman | OfficerTrustee | 2 | $0 |
Peter Werbicki Secretary & Treasurer | OfficerTrustee | 2 | $0 |
Joshua Matthews Director | Trustee | 1 | $0 |
Robin Safley Director | Trustee | 1 | $0 |
Kathy Mccollum Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,801,915 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,801,915 |
| Total Program Service Revenue | $897,637 |
| Investment income | $0 |
| 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 | -$1,105,897 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,598,655 |
| 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. | $130,433 |
| Compensation of current officers, directors, key employees. | $13,043 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,998 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,291 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,364 |
| Information technology | $3,132 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,034 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,278 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,809 |
| All other expenses | $0 |
| Total functional expenses | $4,012,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,499 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $494,145 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $669,644 |
| Accounts payable and accrued expenses | $564,782 |
| 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 | $564,782 |
| Net assets without donor restrictions | -$197,695 |
| Net assets with donor restrictions | $302,557 |
| 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 | $669,644 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Southeast Regional Cooperative Inc has recieved totaling $4,818,185.
| Awarding Organization | Amount |
|---|---|
Feeding America Chicago, IL PURPOSE: Fight Hunger | $4,768,185 |
Atlanta Community Food Bank Inc Atlanta, GA PURPOSE: SEE PART IV | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southeast Regional Cooperative Inc East Point, GA | $669,644 | $3,598,655 |
Georgia Child Care Resources Inc Springfield, GA | $447,382 | $3,571,673 |
Georgia Resources For Children Inc Chatsworth, GA | $92,639 | $2,200,792 |
Georgia Food Bank Association Inc East Point, GA | $475,142 | $1,649,385 |
Charleston Wine & Food Festival Charleston, SC | $916,904 | $626,948 |
Fort Bragg Schools Cafeteria Fund Fort Bragg, NC | $1,942,170 | $1,264,110 |
Core Academy Hopkins, SC | $74,197 | $305,470 |
Food For Health Foundation Inc Fort Lauderdale, FL | $96,482 | $250,384 |
Run 5 Feed 5 Trinity, NC | $134,969 | $0 |
Saint Timothy Charitable Foundation Inc Odessa, FL | $5,544 | $72,850 |
Canstruction Inc Atlanta, GA | $250,152 | $53,780 |
Helping Neighbors Feed Neighbors Inc Coral Gables, FL | $2,719 | $0 |