Civic Intelligence

Nourishnc Inc.

990 • Fiscal year 2016 • EIN 27-1439138

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 18, 2016

PO Box 3235Wilmington, NC 28401

(910) 465-0995

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.11x

Higher debt load relative to assets than 83% of similar nonprofits.

2016 filings • NTEE K • <$500k nonprofits • Source year 2016

Liabilities / Revenue

85th percentile

0.06x

Higher debt load relative to revenue than 85% of similar nonprofits.

2016 filings • NTEE K • <$500k nonprofits • Source year 2016

Net Margin

65th percentile

13%

Higher net margin than 65% of similar nonprofits.

2016 filings • NTEE K • <$500k nonprofits • Source year 2016

Top Officer Pay

85th percentile

$26,826

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2016 filings • NTEE K • <$500k nonprofits • Source year 2016

Asset Growth

77th percentile

38%

Faster asset growth than 77% of similar nonprofits.

2016 filings • NTEE K • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

38th percentile

-5.5%

Faster revenue growth than 38% of similar nonprofits.

2016 filings • NTEE K • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$233,595

Up $64,619 (+38%) from 2015

Net Assets

Up

$207,829

Up $58,709 (+39%) from 2015

Liabilities

Up

$25,766

Up $5,910 (+30%) from 2015

Revenue

Down

$441,022

Down $25,894 (-5.5%) from 2015

Expenses

Down

$382,313

Down $14,429 (-3.6%) from 2015

Net Income

Down

$58,709

Down $11,465 (-16%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2014: $81,528Liabilities 2014: $2,582Net Assets 2014: $78,9462014Assets 2015: $168,976Liabilities 2015: $19,856Net Assets 2015: $149,1202015Assets 2016: $233,595Liabilities 2016: $25,766Net Assets 2016: $207,8292016Assets 2018: $393,365Liabilities 2018: $4,586Net Assets 2018: $388,7792018Assets 2019: $564,529Liabilities 2019: $3,237Net Assets 2019: $561,2922019Assets 2020: $1,589,231Liabilities 2020: $617,537Net Assets 2020: $971,6942020Assets 2021: $2,421,504Liabilities 2021: $602,048Net Assets 2021: $1,819,4562021Assets 2022: $2,811,192Liabilities 2022: $43,273Net Assets 2022: $2,767,9192022Assets 2023: $2,978,600Liabilities 2023: $6,536Net Assets 2023: $2,972,0642023Assets 2025: $4,497,692Liabilities 2025: $23,420Net Assets 2025: $4,474,2722025

Highlighted filing

2016

Assets$233,595
Liabilities$25,766
Net Assets$207,829

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0Revenue 2014: $295,797Expenses 2014: $262,361Net Income 2014: $33,4362014Revenue 2015: $466,916Expenses 2015: $396,742Net Income 2015: $70,1742015Revenue 2016: $441,022Expenses 2016: $382,313Net Income 2016: $58,7092016Revenue 2018: $758,673Expenses 2018: $657,744Net Income 2018: $100,9292018Revenue 2019: $1,085,300Expenses 2019: $912,787Net Income 2019: $172,5132019Revenue 2020: $1,374,898Expenses 2020: $964,496Net Income 2020: $410,4022020Revenue 2021: $1,886,954Expenses 2021: $1,039,192Net Income 2021: $847,7622021Revenue 2022: $1,992,250Expenses 2022: $1,043,787Net Income 2022: $948,4632022Revenue 2023: $1,542,271Expenses 2023: $1,338,126Net Income 2023: $204,1452023Revenue 2025: $2,935,905Expenses 2025: $1,922,327Net Income 2025: $1,013,5782025

Highlighted filing

2016

Revenue$441,022
Expenses$382,313
Net Income$58,709
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 18, 2016
Return Version
2015v2.1
Gross Receipts
$462,494
Mission and Program Overview

Mission

NourishNC's goal is to enhance children's health and well-being by preventing the devastating consequences of child hunger. We are committed to providing our community's most vulnerable children with nutritious food.

The mission of nourishnc is to provide healthy food to hungry children, empowering them to succeed in the classroom and their community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$142,536$211,991▲ $69,455
Land, Buildings, and Equipment, Net$25,639$20,223▼ $5,416
Accounts Receivable$801$1,381▲ $580
Total Assets$168,976$233,595▲ $64,619
Liabilities
Other Liabilities$18,206$14,396▼ $3,810
Accounts Payable and Accrued Expenses$1,650$11,370▲ $9,720
Total Liabilities$19,856$25,766▲ $5,910
Net Assets / Fund Balance
Unrestricted Net Assets$149,120$207,829▲ $58,709
Total Net Assets Fund Balance$149,120$207,829▲ $58,709
Total Liabilities and Net Assets / Fund Balance$168,976$233,595▲ $64,619

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,924$4,469$20,393
Other Land Buildings$4,299$8,861$13,160
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Steve MccrossanExecutive DiFT$26,826$26,826

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$418,301
Program Service Revenue
$0
Investment Income
$27
Other Revenue
$22,694
All Other Contributions
$418,301
Change in Net Assets
$58,709

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory254,559$120,463Comparable Sales
Total Noncash Contributions254,559$120,463-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$283,588
Salaries, Compensation, and Employee Benefits$98,725
Total Fundraising Expense$26,135
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$50,662$13,566$7,671$71,899
Current Officers, Directors, Trustees, and Key Employees$21,894$1,933$2,999$26,826
Office Expenses$9,983$11,572-$21,555
Other Expenses$16,560$786$15,112$15,898
Fees for Services Accounting-$10,120-$10,120
All Other Expenses$4,867$354$353$5,574
Depreciation Depletion$5,417--$5,417
Occupancy-$3,998-$3,998
Insurance-$2,550-$2,550
Interest$728--$728
Total Functional Expenses$311,299$44,879$26,135$382,313
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$44,166
Fundraising Direct Expenses$21,472
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$38,157$38,157$19,941$18,216
Nnc Event$6,009$6,009$1,531$4,478
Total Events$44,166$44,166$21,472$22,694
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease$14,396
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 4

The bylaws were amended in june 2016 to allow for the the addition of a new, non-voting category of board membership known as board member emeritus.

Form 990, Page 6, Part VI, Line 11B

Organization hires a cpa to prepare the annual return. A draft is provided to the bod finance committee for review prior to filing. The finance committee updates the full bod and provides a copy of the 990 for review at its monthly board meeting prior to filing.

Form 990, Page 6, Part VI, Line 12C

Coi policy statement is reviewed and signed annually by all members of the board of directors and key employees. Potential conflicts are disclosed at that time. The board considers all potential conflicts relative to decisions made and directs the conflicted member to remove him or herself from the decision making process when a conflict exists.

Form 990, Page 6, Part VI, Line 15A

Each board member is responsible each year for reviewing the executive director in written form. The reviews are compiled by the board chairperson and presented to the board in a summary fashion for their approval. The board chairman then presents the board-approved review, along with updated performance objectives, to the executive director.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Nourishnc Inc
EIN
27-1439138
Phone
9104650995
Address
PO BOX 3235, WILMINGTON, NC 28401

Signing Officer

Name
Allison Farmer
Title
Treasurer
Phone
9104650995
Signed
2016-11-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Mccrossan
Formed
2010
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
7
Volunteers
80

Preparer

Firm
Earney & Company Llp
Address
710 MILITARY CUTOFF RD STE 250, WILMINGTON, NC 28405-8364
Preparer
Charles L Earney CPA
Phone
9102569995
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Volunteers assist with food packaging and delivery and organizing and hosting fundraising events.

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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08861
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE
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IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE NUMBER OF FOOD ITEMS REPORTED IN PART I, COLUMN BE IS MEASURED IN TERMS OF POUNDS OF DONATED FOOD RECEIVED AND DISTRIBUTED.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE M, PAGE 2, PART II
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS ASSIST WITH FOOD PACKAGING AND DELIVERY AND ORGANIZING AND HOSTING FUNDRAISING EVENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BYLAWS WERE AMENDED IN JUNE 2016 TO ALLOW FOR THE THE ADDITION OF A NEW, NON-VOTING CATEGORY OF BOARD MEMBERSHIP KNOWN AS BOARD MEMBER EMERITUS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION HIRES A CPA TO PREPARE THE ANNUAL RETURN. A DRAFT IS PROVIDED TO THE BOD FINANCE COMMITTEE FOR REVIEW PRIOR TO FILING. THE FINANCE COMMITTEE UPDATES THE FULL BOD AND PROVIDES A COPY OF THE 990 FOR REVIEW AT ITS MONTHLY BOARD MEETING PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COI POLICY STATEMENT IS REVIEWED AND SIGNED ANNUALLY BY ALL MEMBERS OF THE BOARD OF DIRECTORS AND KEY EMPLOYEES. POTENTIAL CONFLICTS ARE DISCLOSED AT THAT TIME. THE BOARD CONSIDERS ALL POTENTIAL CONFLICTS RELATIVE TO DECISIONS MADE AND DIRECTS THE CONFLICTED MEMBER TO REMOVE HIM OR HERSELF FROM THE DECISION MAKING PROCESS WHEN A CONFLICT EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH BOARD MEMBER IS RESPONSIBLE EACH YEAR FOR REVIEWING THE EXECUTIVE DIRECTOR IN WRITTEN FORM. THE REVIEWS ARE COMPILED BY THE BOARD CHAIRPERSON AND PRESENTED TO THE BOARD IN A SUMMARY FASHION FOR THEIR APPROVAL. THE BOARD CHAIRMAN THEN PRESENTS THE BOARD-APPROVED REVIEW, ALONG WITH UPDATED PERFORMANCE OBJECTIVES, TO THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST.
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0601 GREENFIELD STREET
IRS990/USAddress/CityNm0WILMINGTON
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028406
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.NOURISHNC.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALLISON FARMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09104650995
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NOURISHNC INC

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