Civic Intelligence

Nourishnc Inc.

990 • Fiscal year 2020 • EIN 27-1439138

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 17, 2020

PO Box 3235Wilmington, NC 28406

(910) 465-0995

Siviq Scores

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

Liabilities / Assets

84th percentile

0.39x

Higher debt load relative to assets than 84% of similar nonprofits.

2020 filings • NTEE K • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

0.45x

Higher debt load relative to revenue than 92% of similar nonprofits.

2020 filings • NTEE K • $1M-$5M nonprofits • Source year 2020

Net Margin

73rd percentile

30%

Higher net margin than 73% of similar nonprofits.

2020 filings • NTEE K • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

65th percentile

$81,648

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 5.9% of source-year revenue.

2020 filings • NTEE K • $1M-$5M nonprofits • Source year 2020

Asset Growth

85th percentile

182%

Faster asset growth than 85% of similar nonprofits.

2020 filings • NTEE K • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

45th percentile

27%

Faster revenue growth than 45% of similar nonprofits.

2020 filings • NTEE K • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,589,231

Up $1,024,702 (+182%) from 2019

Net Assets

Up

$971,694

Up $410,402 (+73%) from 2019

Liabilities

Up

$617,537

Up $614,300 (+18977%) from 2019

Revenue

Up

$1,374,898

Up $289,598 (+27%) from 2019

Expenses

Up

$964,496

Up $51,709 (+5.7%) from 2019

Net Income

Up

$410,402

Up $237,889 (+138%) from 2019

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

2020

Assets$1,589,231
Liabilities$617,537
Net Assets$971,694

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

2020

Revenue$1,374,898
Expenses$964,496
Net Income$410,402
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 17, 2020
Return Version
2019v5.1
Gross Receipts
$1,402,647
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$500,211$815,097▲ $314,886
Land, Buildings, and Equipment, Net$46,257$766,781▲ $720,524
Accounts Receivable$18,060$7,353▼ $10,707
Total Assets$564,528$1,589,231▲ $1,024,703
Liabilities
Mortgage Notes Payable Secured by Investment Property-$592,537-
Deferred Revenue$0$25,000▲ $25,000
Accounts Payable and Accrued Expenses$3,236$0▼ $3,236
Total Liabilities$3,236$617,537▲ $614,301
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$411,292$821,694▲ $410,402
Net Assets With Donor Restrictions$150,000$150,000→ $0
Total Net Assets Fund Balance$561,292$971,694▲ $410,402
Total Liabilities and Net Assets / Fund Balance$564,528$1,589,231▲ $1,024,703

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$374,799$45,527$420,326
Land$391,982-$391,982
Other Land Buildings$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Steve McCrossanExecutive DirectorFT$81,648$81,648

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,293,259
Program Service Revenue
$0
Investment Income
$77
Other Revenue
$81,562
All Other Contributions
$1,182,317
Change in Net Assets
$410,402

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeReported AmountValuation Method
Food Inventory$234,418$1.70 per pound
Total Noncash Contributions$234,418-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$754,757
Salaries, Compensation, and Employee Benefits$209,739
Total Fundraising Expense$30,531
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$106,173$9,767$11,788$127,728
Current Officers, Directors, Trustees, and Key Employees$55,003$5,059$6,107$66,169
Occupancy$21,881$9,764-$31,645
Fees for Services Accounting-$22,278-$22,278
Office Expenses-$17,063-$17,063
Depreciation Depletion$16,580--$16,580
Payroll Taxes$10,914$2,745$2,183$15,842
Other Expenses$7,946$9,320$10,453$7,946
Insurance-$1,927-$1,927
All Other Expenses$602$878-$1,480
Total Functional Expenses$855,164$78,801$30,531$964,496
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$109,311
Fundraising Direct Expenses$27,749
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$77,607$77,607$16,344$61,263
Miscellaneous Events$31,704$31,704$11,405$20,299
Total Events$109,311$109,311$27,749$81,562
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
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, Part VI, Section B, line 11B

Organization hires a CPA firm 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, Part VI, Section B, 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, Part VI, Section B, 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. Compensation is set by the Board after considering performance and is based on comparative executive salaries for similar job descriptions in the same geographic area.

Form 990, Part VI, Section C, line 19

Upon request.

Filing and Contact Details

Filer

Filer Name
NourishNC Inc
EIN
27-1439138
Phone
9104650995
Address
PO Box 3235, Wilmington, NC 28406

Signing Officer

Name
Caroline Montgomery
Title
Treasurer
Phone
9104650995
Signed
2020-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve McCrossan
Formed
2010
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
7
Volunteers
3,500

Preparer

Firm
Earney & Company LLP
Address
710 Military Cutoff Road Suite 250, Wilmington, NC 28405
Preparer
Ryan Skuce CPA
Phone
9102569995
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IRS990/Desc0To provide healthy food to hungry children, empowering them to succeed in the classroom and their community. NourishNC is currently providing food to over 3,000 children weekly in 43 public schools in New Hanover County, NC. Since its inception, NourishNC has provided more than 1 million meals.
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IRS990/PrincipalOfficerNm0Steve McCrossan
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IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01104475
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0167
IRS990/PYOtherExpensesAmt0724639
IRS990/PYOtherRevenueAmt0-19342
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0172513
IRS990/PYSalariesCompEmpBnftPaidAmt0188148
IRS990/PYTotalExpensesAmt0912787
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01085300
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt0410402
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01293336
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01104475
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0773823
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0618526
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0418301
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04208461
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt077
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0167
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt059
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt044
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0347
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99990
IRS990ScheduleA/PublicSupportPY170Pct00.98500
IRS990ScheduleA/PublicSupportTotal170Amt04208461
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01293336
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01104475
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0773823
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0618526
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0418301
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04208461
IRS990ScheduleA/TotalSupportAmt04208808
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0374799
IRS990ScheduleD/BuildingsGrp/DepreciationAmt045527
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0420326
IRS990ScheduleD/LandGrp/BookValueAmt0391982
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0391982
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0766781
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt027749
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Miscellaneous Events
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt031704
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0109311
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt077607
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt031704
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt081562
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt027749
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt016344
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt011405
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/FoodInventoryGrp/MethodOfDeterminingRevenuesTxt0$1.70 per pound
IRS990ScheduleM/FoodInventoryGrp/NonCashCheckboxInd0X
IRS990ScheduleM/FoodInventoryGrp/NoncashContributionsRptF990Amt0234418
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0The number of food items reported in Part I, column b is measured in terms of the number of inkind food drives during the year, each food drive ranged between $25 to $20,000 in value. An average national rate is used of $1.70 per pound.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 30b:
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organization hires a CPA firm 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/ExplanationTxt1COI 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/ExplanationTxt2Each 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. Compensation is set by the Board after considering performance and is based on comparative executive salaries for similar job descriptions in the same geographic area.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0564528
IRS990/TotalAssetsEOYAmt01589231
IRS990/TotalAssetsGrp/BOYAmt0564528
IRS990/TotalAssetsGrp/EOYAmt01589231
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01293259
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt030531
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt078801
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0855164
IRS990/TotalFunctionalExpensesGrp/TotalAmt0964496
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03236
IRS990/TotalLiabilitiesEOYAmt0617537
IRS990/TotalLiabilitiesGrp/BOYAmt03236
IRS990/TotalLiabilitiesGrp/EOYAmt0617537
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0561292
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0971694
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0855164
IRS990/TotalReportableCompFromOrgAmt081648
IRS990/TotalRevenueGrp/ExclusionAmt081639
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01374898
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03500
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0564528
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01589231
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00

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