Feeding Wilmington Inc
- Assets
- $12.6m
- Revenue
- $330.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- Data as of
- 06/2024
- EIN
- 92-2172394
Organization Overview
Feeding Wilmington Inc is located in Raleigh, NC. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Feeding Wilmington 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 06/2024, Feeding Wilmington Inc generated $330.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (28.3%) each year. All expenses for the organization totaled $361.8k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
FEEDING WILMINGTON SUPPORTS THE ACTIVITIES OF FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA, INC. TO FIGHT HUNGER IN THE AREAS IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEEDING WILMINGTON, IN FURTHERANCE OF ITS MISSION OF SUPPORTING FBCENC, WAS FORMED TO ASSIST FBCENC WITH THE CONSTRUCTION, EQUIPPING AND DEVELOPMENT OF A NEW APPROXIMATELY 32,000 SQUARE FOOT FOOD DISTRIBUTION FACILITY (THE "PROJECT") LOCATED AT 900 AND 1000 GREENFIELD STREET, WILMINGTON, NORTH CAROLINA (THE "PROPERTY"). FBCENC OWNS THE PROPERTY AND IS EXPECTED TO CONTRIBUTE THE PROPERTY TO FEEDING WILMINGTON. FEEDING WILMINGTON WILL SECURE FINANCING FOR THE PROJECT, COMPLETE THE CONSTRUCTION RELATED TO THE PROJECT AND THEN (I) LEASE THE COMPLETED PROJECT TO FBCENC FOR A TERM OF [25] YEARS AND (II) LEASE CERTAIN EQUIPMENT RELATED TO THE PROJECT TO FBCENC FOR A TERM OF [7] YEARS WITH AN OPTION TO PURCHASE SUCH EQUIPMENT AT THE CONCLUSION OF THE TERM. FBCENC IS EXPECTED TO OPERATE THE PROJECT AS FOOD DISTRIBUTION FACILITY. FEEDING WILMINGTON WILL ACTIVELY MANAGE THE PROJECT AS ITS LANDLORD.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Mccumber Chairman | OfficerTrustee | 1 | $0 |
Mickey Holt Chair-Elect | OfficerTrustee | 1 | $0 |
Greg Bromberger Treasurer | OfficerTrustee | 1 | $0 |
Peter Werbicki Secretary | OfficerTrustee | 1 | $0 |
Dana Lange Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $277,942 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $277,942 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,500 |
| 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 | $330,442 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,000 |
| Advertising and promotion | $0 |
| Office expenses | $594 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $350,978 |
| Insurance | $0 |
| All other expenses | $212 |
| Total functional expenses | $361,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,968 |
| Savings and temporary cash investments | $496,458 |
| 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 | $11,855,216 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,618,642 |
| Accounts payable and accrued expenses | $258,514 |
| 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 | $11,815,844 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,074,358 |
| Net assets without donor restrictions | $544,284 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $12,618,642 |