Civic Intelligence

The Pastors Pantry Targeting Senior Hunger

990 • Fiscal year 2016 • EIN 31-1721281

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 16, 2017

PO Box 2051Lexington, NC 27293-2051

(336) 249-8824

Siviq Scores

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

Liabilities / Assets

21st percentile

0.01x

Higher debt load relative to assets than 21% of similar nonprofits.

2016 filings • NTEE F • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

19th percentile

0.01x

Higher debt load relative to revenue than 19% of similar nonprofits.

2016 filings • NTEE F • $500k-$1M nonprofits • Source year 2016

Net Margin

66th percentile

4.6%

Higher net margin than 66% of similar nonprofits.

2016 filings • NTEE F • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

64th percentile

7.3%

Faster asset growth than 64% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

24th percentile

-12%

Faster revenue growth than 24% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$374,867

Up $25,604 (+7.3%) from 2015

Net Assets

Up

$371,465

Up $26,101 (+7.6%) from 2015

Liabilities

Down

$3,402

Down $497 (-13%) from 2015

Revenue

Down

$562,082

Down $74,351 (-12%) from 2015

Expenses

Down

$535,980

Down $81,662 (-13%) from 2015

Net Income

Up

$26,102

Up $7,311 (+39%) from 2015

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2014: $327,093Liabilities 2014: $520Net Assets 2014: $326,5732014Assets 2015: $349,263Liabilities 2015: $3,899Net Assets 2015: $345,3642015Assets 2016: $374,867Liabilities 2016: $3,402Net Assets 2016: $371,4652016Assets 2017: $388,032Liabilities 2017: $2,719Net Assets 2017: $385,3132017Assets 2019: $386,338Liabilities 2019: $3,668Net Assets 2019: $382,6702019Assets 2020: $516,203Liabilities 2020: $3,874Net Assets 2020: $512,3292020Assets 2021: $654,914Liabilities 2021: $5,000Net Assets 2021: $649,9142021Assets 2022: $665,357Liabilities 2022: $8,912Net Assets 2022: $656,4452022Assets 2024: $692,040Liabilities 2024: $8,730Net Assets 2024: $683,3102024

Highlighted filing

2016

Assets$374,867
Liabilities$3,402
Net Assets$371,465

Operations Trend

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

$800K$600K$400K$200K$0Revenue 2014: $658,387Expenses 2014: $617,949Net Income 2014: $40,4382014Revenue 2015: $636,433Expenses 2015: $617,642Net Income 2015: $18,7912015Revenue 2016: $562,082Expenses 2016: $535,980Net Income 2016: $26,1022016Revenue 2017: $595,202Expenses 2017: $581,353Net Income 2017: $13,8492017Revenue 2019: $640,860Expenses 2019: $621,438Net Income 2019: $19,4222019Revenue 2020: $676,864Expenses 2020: $547,205Net Income 2020: $129,6592020Revenue 2021: $742,902Expenses 2021: $611,315Net Income 2021: $131,5872021Revenue 2022: $630,275Expenses 2022: $603,139Net Income 2022: $27,1362022Revenue 2024: $688,758Expenses 2024: $632,071Net Income 2024: $56,6872024

Highlighted filing

2016

Revenue$562,082
Expenses$535,980
Net Income$26,102
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 16, 2017
Return Version
2016v3.0
Gross Receipts
$562,082
Mission and Program Overview

Mission

To provide monthly groceries to senior adults that are financially unable to obtain adequate food and others, regardless of age, with emergency food needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$217,053$236,224▲ $19,171
Land, Buildings, and Equipment, Net$60,422$46,948▼ $13,474
Investments in Publicly Traded Securities$41,773$45,093▲ $3,320
Inventories for Sale or Use$26,690$42,881▲ $16,191
Accounts Receivable$2,075$1,026▼ $1,049
Prepaid Expenses and Deferred Charges$1,000--
Total Assets$349,263$374,867▲ $25,604
Other Assets Total$250$2,695▲ $2,445
Liabilities
Accounts Payable and Accrued Expenses$3,899$3,402▼ $497
Total Liabilities$3,899$3,402▼ $497
Net Assets / Fund Balance
Unrestricted Net Assets$345,364$371,465▲ $26,101
Total Net Assets Fund Balance$345,364$371,465▲ $26,101
Total Liabilities and Net Assets / Fund Balance$349,263$374,867▲ $25,604

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$46,948$43,377$90,325
Other Assets Org$2,695--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mike TurlingtonPresident
Thomas PenningerVice-President
Bdelinda ClarkDirector
Carlos JaneDirector
Carolyn B JonesDirector
Franklin ClarkDirector
Judy ButlerDirector
Kristi ThornhillDirector
Laura LohrDirector
Lisa EverhartDirector
Matthew OBryantDirector
Mike HallDirector
Peggy BoylesDirector
Terry BerrierDirector
Tina RoyalDirector
Walter HoffmanDirector
Rhonda FlorenceSecretary
Jerrie LeonardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$550,845
Program Service Revenue
$0
Investment Income
$2,228
Other Revenue
$9,009
All Other Contributions
$497,063
Change in Net Assets
$26,102

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 Inventory1$320,295Fair Market Value (FMV)
Total Noncash Contributions1$320,295-

Audited Revenue Reconciliation

Revenue per Audited Statements
$562,082
Total Revenue per Audited Statements
$562,082
Total Revenue per Form 990
$562,082
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$425,918
Salaries, Compensation, and Employee Benefits$110,062
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$80,679$20,170-$100,849
Depreciation Depletion$13,688--$13,688
Occupancy$10,680$2,670-$13,350
Payroll Taxes$7,370$1,843-$9,213
All Other Expenses$6,555$1,541-$8,096
Insurance$3,414$854-$4,268
Fees for Services Accounting$4,000--$4,000
Other Expenses$2,267$567-$2,834
Fees for Services Other$2,471--$2,471
Advertising$406--$406
Travel$337--$337
Total Functional Expenses$506,587$29,393$0$535,980

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$535,980
Total Expenses per Audited Statements$535,980
Total Expenses per Form 990$535,980
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Various----
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
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Form 990 is reviewed by the Board, the Executive Director, the bookkeeper, and the Treasurer before filing.

Form 990 availability to public Part VI line 18

No documents are available to the general public.

Governing documents etc available to public Part VI line 19

No documents available to public.

Filing and Contact Details

Filer

Filer Name
The Pastors Pantry Targeting Senior Hunger
EIN
31-1721281
Address
PO Box 2051, Lexington, NC 27293-2051

Signing Officer

Name
Jerrie Leonard
Title
Treasurer
Phone
3362498824
Signed
2017-03-16
Discuss with paid preparer
No

Organization Details

Formed
2000
Legal Domicile
Nc
Voting Board Members
18
Independent Board Members
18
Employees
9

Preparer

Firm
Rick Allred CPA Pa
Address
269 AMBER LANE, Lexington, NC 27292
Preparer
Rick Allred
Phone
3362472310
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

To balance.

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IRS990/OtherExpensesGrp/Desc2Utilities
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IRS990/OtherExpensesGrp/ProgramServicesAmt0364985
IRS990/OtherExpensesGrp/ProgramServicesAmt12741
IRS990/OtherExpensesGrp/ProgramServicesAmt26994
IRS990/OtherExpensesGrp/ProgramServicesAmt32267
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0562082
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