321 Coffee
- Assets
- $21.1k
- Revenue
- $30.9k
- Investments
- $0.0
- Employees
- 25
- Location
- Raleigh, NC
- Founding
- 08/2018
- Data as of
- 07/2022
- EIN
- 82-3946809
Organization Overview
321 Coffee is located in Raleigh, NC. The organization was established in 2018. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 07/2022, 321 Coffee employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 321 Coffee 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 07/2022, 321 Coffee generated $30.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (48.1%) each year. All expenses for the organization totaled $241.4k during the year ending 07/2022. 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
TO PROVIDE MEANINGFUL WORK OPPORTUNITIES TO INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A COFFEE SHOP AT THE NORTH CAROLINA STATE FARMERS MARKET WHERE INDIVIDUALS WITH IDD ARE MEANINGFULLY EMPLOYED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Evans CFO | Officer | 10 | $5,104 |
Lindsay Wrege CEO | OfficerTrustee | 10 | $4,868 |
Liam Dao COO | Officer | 10 | $0 |
Greg Germain Chair | Trustee | 2 | $0 |
Robert Jackson Director | Trustee | 2 | $0 |
Michelle Pfeiffer Director | Trustee | 2 | $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 | $8,766 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,766 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| 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 | $22,081 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,851 |
| 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. | $9,972 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,441 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,215 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,678 |
| Fees for services: Accounting | $1,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $550 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,529 |
| Travel | $84 |
| 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 | $583 |
| Insurance | $2,689 |
| All other expenses | $3,965 |
| Total functional expenses | $241,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,133 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,133 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $21,133 |
| Total liabilities and net assets/fund balances | $21,133 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that 321 Coffee has recieved totaling $9,190.
| Awarding Organization | Amount |
|---|---|
Nivison Family Foundation Raleigh, NC PURPOSE: CONTRIBUTION WHERE NEEDED MOST | $9,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $90 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Unitehere Union And Employers Health And Welfare Fund Conyers, GA | $0 | $3,903,530 |
Foodservice Packaging Institute Inc Falls Church, VA | $4,132,737 | $3,111,855 |
Bounty & Soul Black Mountain, NC | $759,613 | $2,538,834 |
Wine & Spirits Wholesalers Of Tennessee Nashville, TN | $2,252,502 | $1,835,883 |
North Carolina Beer And Wine Wholesalers Association Raleigh, NC | $1,653,445 | $1,161,857 |
Global Growers Network Inc Decatur, GA | $1,489,134 | $1,442,426 |
Wine And Spirits Wholesalers Of Georgia Inc Atlanta, GA | $836,576 | $1,011,762 |
Public Markets Inc Ooltewah, TN | $875,543 | $1,266,301 |
3-A Sanitary Standards Inc McLean, VA | $2,950,339 | $1,154,736 |
Tri-State Exhibition Center Cleveland, TN | $1,640,606 | $1,262,121 |
Food Security For America Incorporated Smyrna, GA | $231,880 | $615,215 |
Jonesborough Locally Grown Jonesborough, TN | $135,152 | $551,145 |