Civic Intelligence

2Xsalt Inc.

990 • Fiscal year 2022 • EIN 43-2023021

Jan 01, 2022 to Dec 31, 2022 • Filed on Jan 20, 2025

Organization Profilewww.2XSALT.org
6030 Abbey WayMonroe, NC 28110

(704) 393-3939

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

Higher debt load relative to assets than 25% of similar nonprofits.

2022 filings • NTEE N • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

26th percentile

0.01x

Higher debt load relative to revenue than 26% of similar nonprofits.

2022 filings • NTEE N • $1M-$5M nonprofits • Source year 2022

Net Margin

36th percentile

2.7%

Higher net margin than 36% of similar nonprofits.

2022 filings • NTEE N • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

74th percentile

$72,693

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 9.2% of source-year revenue.

2022 filings • NTEE N • $1M-$5M nonprofits • Source year 2022

Asset Growth

72nd percentile

11%

Faster asset growth than 72% of similar nonprofits.

2022 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

66th percentile

25%

Faster revenue growth than 66% of similar nonprofits.

2022 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$2,517,232

Up $249,399 (+11%) from 2021

Net Assets

Up

$2,511,132

Up $249,133 (+11%) from 2021

Liabilities

Up

$6,100

Up $266 (+4.6%) from 2021

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin36th percentile

Revenue

Up

$790,585

Up $158,802 (+25%) from 2021

Expenses

Up

$769,299

Up $59,045 (+8.3%) from 2021

Net Income

Up

$21,286

Up $99,757 (+127%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $5,963,114Liabilities 2010: $1,800,000Net Assets 2010: $4,163,1142010Assets 2011: $5,314,781Liabilities 2011: $600,000Net Assets 2011: $4,714,7812011Assets 2012: $5,347,361Liabilities 2012: $600,000Net Assets 2012: $4,747,3612012Assets 2013: $5,266,255Liabilities 2013: $600,000Net Assets 2013: $4,666,2552013Assets 2014: $5,122,502Liabilities 2014: $600,000Net Assets 2014: $4,522,5022014Assets 2015: $5,202,364Liabilities 2015: $300,000Net Assets 2015: $4,902,3642015Assets 2016: $4,960,875Liabilities 2016: $300,000Net Assets 2016: $4,660,8752016Assets 2017: $3,114,441Liabilities 2017: $0Net Assets 2017: $3,114,4412017Assets 2018: $2,845,970Liabilities 2018: $0Net Assets 2018: $2,845,9702018Assets 2019: $2,438,280Liabilities 2019: $0Net Assets 2019: $2,438,2802019Assets 2020: $2,348,543Liabilities 2020: $8,073Net Assets 2020: $2,340,4702020Assets 2021: $2,267,833Liabilities 2021: $5,834Net Assets 2021: $2,261,9992021Assets 2022: $2,517,232Liabilities 2022: $6,100Net Assets 2022: $2,511,1322022Assets 2023: $2,320,925Liabilities 2023: $1,013Net Assets 2023: $2,319,9122023Assets 2024: $2,312,721Liabilities 2024: $2,890Net Assets 2024: $2,309,8312024

Highlighted filing

2022

Assets$2,517,232
Liabilities$6,100
Net Assets$2,511,132
Open 2022 Filing

Operations Trend

Revenue Growth66th percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2010: $827,817Expenses 2010: $569,946Net Income 2010: $257,8712010Revenue 2011: $1,160,266Expenses 2011: $608,599Net Income 2011: $551,6672011Expenses 2012: $570,1162012Revenue 2013: $366,781Expenses 2013: $447,887Net Income 2013: -$81,1062013Revenue 2014: $296,581Expenses 2014: $440,334Net Income 2014: -$143,7532014Revenue 2015: $791,821Expenses 2015: $411,959Net Income 2015: $379,8622015Revenue 2016: $116,282Expenses 2016: $357,771Net Income 2016: -$241,4892016Revenue 2017: -$1,239,963Expenses 2017: $306,471Net Income 2017: -$1,546,4342017Revenue 2018: $7,985Expenses 2018: $276,456Net Income 2018: -$268,4712018Revenue 2019: $13,331Expenses 2019: $262,916Net Income 2019: -$249,5852019Revenue 2020: $367,567Expenses 2020: $465,377Net Income 2020: -$97,8102020Revenue 2021: $631,783Expenses 2021: $710,254Net Income 2021: -$78,4712021Revenue 2022: $790,585Expenses 2022: $769,299Net Income 2022: $21,2862022Revenue 2023: $684,636Expenses 2023: $934,656Net Income 2023: -$250,0202023Revenue 2024: $483,857Expenses 2024: $560,557Net Income 2024: -$76,7002024

Highlighted filing

2022

Revenue$790,585
Expenses$769,299
Net Income$21,286
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jan 20, 2025
Return Version
2022v5.0
Gross Receipts
$790,585
Mission and Program Overview

Mission

2XSalt strives to combat juvenile delinquency by cultivating Christian character in the youth community through leadership, education, and athletic training that is founded on Christ-centered principles.

2xSalt, Inc is a non profit that mentors and facilitates job skill training through the culinary arts, beverage service, hospitality service, catering and community outreach. We strive to create employment opportunity and volunteer opportunity for the unemployed and under-employed.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$2,261,999$2,511,132▲ $249,133
Land, Buildings, and Equipment, Net$717,535$717,535→ $0
Savings and Temporary Cash Investments$469,435$697,282▲ $227,847
Cash and Non-Interest-Bearing Accounts$68,397$123,457▲ $55,060
Other Notes and Loans Receivable, Net$156,217$122,689▼ $33,528
Accounts Receivable-$20-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,267,833$2,517,232▲ $249,399
Other Assets Total$856,249$856,249→ $0
Liabilities
Other Liabilities$5,834$6,100▲ $266
Total Liabilities$5,834$6,100▲ $266
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,261,999$2,511,132▲ $249,133
Total Liabilities and Net Assets / Fund Balance$2,267,833$2,517,232▲ $249,399

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$717,535-$717,535
Other Land Buildings-$72,469$72,469
Equipment-$18,000$18,000
Other Assets Org$856,249--
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bart KofoedPresidentFT$72,000$693$72,693
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$777,282
Investment Income
$3
Other Revenue
$13,300
Change in Net Assets
$21,286
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$677,470
Salaries, Compensation, and Employee Benefits$91,829
Total Fundraising Expense$5,438
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$81,303$27,098$846$109,247
Current Officers, Directors, Trustees, and Key Employees$54,520$14,538$3,635$72,693
Other Expenses$43,787--$43,787
Fees for Services Other-$18,755-$18,755
Insurance-$18,127-$18,127
Other Salaries and Wages$9,692$2,584$646$12,922
Payroll Taxes$4,661$1,242$311$6,214
Travel-$3,307-$3,307
Advertising-$2,336-$2,336
Fees for Services Accounting-$2,181-$2,181
Total Functional Expenses$673,693$90,168$5,438$769,299
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$6,100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
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

“Draft of Form 990 was reviewed by board members.”

Form 990, Part VI, Section C, Line 19

“Available upon request.”

Filing and Contact Details

Filer

Filer Name
2XSalt Inc
EIN
43-2023021
Phone
7043933939
Address
6030 Abbey Way, Monroe, NC 28110

Signing Officer

Name
Bart Kofoed
Title
President
Signed
2025-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bart Kofoed
Formed
2003
Legal Domicile
Nc
Voting Board Members
1
Independent Board Members
0
Employees
2
Volunteers
20

Preparer

Firm
Foard and Company PA
Address
1347 Harding Place, Charlotte, NC 28204
Preparer
Terry W Lancaster
Phone
7043721515
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Auto: Column (A) - Total = $7615; Column (B) - Program Services = $7615; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“Bank Fees: Column (A) - Total = $70; Column (B) - Program Services = $0; Column (C) - Management & General = $70; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“Cleaning Expense: Column (A) - Total = $396; Column (B) - Program Services = $396; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“Meals: Column (A) - Total = $17273; Column (B) - Program Services = $12955; Column (C) - Management & General = $4318; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“Merchandise: Column (A) - Total = $214; Column (B) - Program Services = $214; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“Merchant service fees: Column (A) - Total = $16930; Column (B) - Program Services = $12698; Column (C) - Management & General = $3386; Column (D) - Fundraising = $846”

Form 990, Part IX, Line 24E

“Miscellaneous: Column (A) - Total = $275; Column (B) - Program Services = $0; Column (C) - Management & General = $275; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“Outreach: Column (A) - Total = $356; Column (B) - Program Services = $356; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“Permits: Column (A) - Total = $2296; Column (B) - Program Services = $2296; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“Pest Control: Column (A) - Total = $870; Column (B) - Program Services = $870; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“Repairs and Maintenance: Column (A) - Total = $6577; Column (B) - Program Services = $0; Column (C) - Management & General = $6577; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“Security: Column (A) - Total = $1330; Column (B) - Program Services = $1330; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“Staff Development: Column (A) - Total = $188; Column (B) - Program Services = $0; Column (C) - Management & General = $188; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“Supplies: Column (A) - Total = $11177; Column (B) - Program Services = $11177; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“Tax - Bus: Column (A) - Total = $6384; Column (B) - Program Services = $0; Column (C) - Management & General = $6384; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“Telephone: Column (A) - Total = $5490; Column (B) - Program Services = $0; Column (C) - Management & General = $5490; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“Transportation: Column (A) - Total = $358; Column (B) - Program Services = $0; Column (C) - Management & General = $358; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“Utilities: Column (A) - Total = $24869; Column (B) - Program Services = $24869; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“Waste: Column (A) - Total = $6371; Column (B) - Program Services = $6371; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“Website: Column (A) - Total = $208; Column (B) - Program Services = $156; Column (C) - Management & General = $52; Column (D) - Fundraising = $0”

Raw XML AppendixShowing 400 of 401 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsReceivableGrp/EOYAmt020
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc02xSalt, Inc is a non profit that mentors and facilitates job skill training through the culinary arts, beverage service, hospitality service, catering and community outreach. We strive to create employment opportunity and volunteer opportunity for the unemployed and under-employed.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt02336
IRS990/AdvertisingGrp/TotalAmt02336
IRS990/AllOtherExpensesGrp/FundraisingAmt0846
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt027098
IRS990/AllOtherExpensesGrp/ProgramServicesAmt081303
IRS990/AllOtherExpensesGrp/TotalAmt0109247
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Bart Kofoed
IRS990/BooksInCareOfDetail/PhoneNum07043933939
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06030 Abbey Way
IRS990/BooksInCareOfDetail/USAddress/CityNm0Monroe
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028110
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt02261999
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt02511132
IRS990/CashNonInterestBearingGrp/BOYAmt068397
IRS990/CashNonInterestBearingGrp/EOYAmt0123457
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt03635
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt014538
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt054520
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt072693
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03
IRS990/CYOtherExpensesAmt0677470
IRS990/CYOtherRevenueAmt013300
IRS990/CYProgramServiceRevenueAmt0777282
IRS990/CYRevenuesLessExpensesAmt021286
IRS990/CYSalariesCompEmpBnftPaidAmt091829
IRS990/CYTotalExpensesAmt0769299
IRS990/CYTotalFundraisingExpenseAmt05438
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0790585
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc02xSalt, Inc is a non profit that mentors and facilitates job skill training through the culinary arts, beverage service, hospitality service, catering and community outreach. We strive to create employment opportunity and volunteer opportunity for the unemployed and under-employed.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0673693
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02181
IRS990/FeesForServicesAccountingGrp/TotalAmt02181
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt018755
IRS990/FeesForServicesOtherGrp/TotalAmt018755
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt055.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt0693
IRS990/Form990PartVIISectionAGrp/PersonNm0Bart Kofoed
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt072000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0790585
IRS990/GrossRentsGrp/RealAmt013300
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt018127
IRS990/InsuranceGrp/TotalAmt018127
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt03
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt025
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt090469
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0717535
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0717535
IRS990/LandBldgEquipCostOrOtherBssAmt0808004
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc02xSalt, Inc is a non profit that mentors and facilitates job skill training through the culinary arts, beverage service, hospitality service, catering and community outreach. We strive to create employment opportunity and volunteer opportunity for the unemployed and under-employed.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02261999
IRS990/NetAssetsOrFundBalancesEOYAmt02511132
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt013300
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt013300
IRS990/NetUnrlzdGainsLossesInvstAmt0192610
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0856249
IRS990/OtherAssetsTotalGrp/EOYAmt0856249
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Restaurant Contract staff
IRS990/OtherExpensesGrp/Desc1Food
IRS990/OtherExpensesGrp/Desc2Beverages
IRS990/OtherExpensesGrp/Desc3Taxes -Sales Tax
IRS990/OtherExpensesGrp/ProgramServicesAmt0252034
IRS990/OtherExpensesGrp/ProgramServicesAmt1155410
IRS990/OtherExpensesGrp/ProgramServicesAmt272286
IRS990/OtherExpensesGrp/ProgramServicesAmt343787
IRS990/OtherExpensesGrp/TotalAmt0252034
IRS990/OtherExpensesGrp/TotalAmt1155410
IRS990/OtherExpensesGrp/TotalAmt272286
IRS990/OtherExpensesGrp/TotalAmt343787
IRS990/OtherLiabilitiesGrp/BOYAmt05834
IRS990/OtherLiabilitiesGrp/EOYAmt06100
IRS990/OtherRevenueMiscGrp/Desc0Insurance Claim Revenue
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0646
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02584
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09692
IRS990/OtherSalariesAndWagesGrp/TotalAmt012922
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0156217
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0122689
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0311
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01242
IRS990/PayrollTaxesGrp/ProgramServicesAmt04661
IRS990/PayrollTaxesGrp/TotalAmt06214
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Bart Kofoed
IRS990/PriorPeriodAdjustmentsAmt035237
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Grinning Mule Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0777282
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0777282
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02400
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0614925
IRS990/PYOtherRevenueAmt014300
IRS990/PYProgramServiceRevenueAmt0615083
IRS990/PYRevenuesLessExpensesAmt0-78471
IRS990/PYSalariesCompEmpBnftPaidAmt095329
IRS990/PYTotalExpensesAmt0710254
IRS990/PYTotalRevenueAmt0631783
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt021286
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt013300
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0469435
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0697282
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02400
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0190
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01487
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04077
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt07941
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04870
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt012811
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0959368
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt04077
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02400
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0190
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01487
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04077
IRS990ScheduleA/TotalSupportAmt016888
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0717535
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0717535
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018000
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt018000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0856249
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Real Estate (Not Yet in Service)
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt072469
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt072469
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit Card Payable
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0717535
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0856249
IRS990ScheduleD/TotalLiabilityAmt06100
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Draft of Form 990 was reviewed by board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Auto: Column (A) - Total = $7615; Column (B) - Program Services = $7615; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Bank Fees: Column (A) - Total = $70; Column (B) - Program Services = $0; Column (C) - Management & General = $70; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Cleaning Expense: Column (A) - Total = $396; Column (B) - Program Services = $396; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Meals: Column (A) - Total = $17273; Column (B) - Program Services = $12955; Column (C) - Management & General = $4318; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Merchandise: Column (A) - Total = $214; Column (B) - Program Services = $214; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Merchant service fees: Column (A) - Total = $16930; Column (B) - Program Services = $12698; Column (C) - Management & General = $3386; Column (D) - Fundraising = $846
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Miscellaneous: Column (A) - Total = $275; Column (B) - Program Services = $0; Column (C) - Management & General = $275; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Outreach: Column (A) - Total = $356; Column (B) - Program Services = $356; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Permits: Column (A) - Total = $2296; Column (B) - Program Services = $2296; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Pest Control: Column (A) - Total = $870; Column (B) - Program Services = $870; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Repairs and Maintenance: Column (A) - Total = $6577; Column (B) - Program Services = $0; Column (C) - Management & General = $6577; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Security: Column (A) - Total = $1330; Column (B) - Program Services = $1330; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Staff Development: Column (A) - Total = $188; Column (B) - Program Services = $0; Column (C) - Management & General = $188; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Supplies: Column (A) - Total = $11177; Column (B) - Program Services = $11177; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Tax - Bus: Column (A) - Total = $6384; Column (B) - Program Services = $0; Column (C) - Management & General = $6384; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Telephone: Column (A) - Total = $5490; Column (B) - Program Services = $0; Column (C) - Management & General = $5490; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Transportation: Column (A) - Total = $358; Column (B) - Program Services = $0; Column (C) - Management & General = $358; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Utilities: Column (A) - Total = $24869; Column (B) - Program Services = $24869; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20Waste: Column (A) - Total = $6371; Column (B) - Program Services = $6371; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21Website: Column (A) - Total = $208; Column (B) - Program Services = $156; Column (C) - Management & General = $52; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc21Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02267833
IRS990/TotalAssetsEOYAmt02517232
IRS990/TotalAssetsGrp/BOYAmt02267833
IRS990/TotalAssetsGrp/EOYAmt02517232
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05438
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt090168
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0673693
IRS990/TotalFunctionalExpensesGrp/TotalAmt0769299
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05834
IRS990/TotalLiabilitiesEOYAmt06100
IRS990/TotalLiabilitiesGrp/BOYAmt05834
IRS990/TotalLiabilitiesGrp/EOYAmt06100
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02261999
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02511132
IRS990/TotalOtherCompensationAmt0693
IRS990/TotalProgramServiceExpensesAmt0673693
IRS990/TotalProgramServiceRevenueAmt0777282
IRS990/TotalReportableCompFromOrgAmt072000
IRS990/TotalRevenueGrp/ExclusionAmt03
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0790582
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0790585
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02267833
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02517232
IRS990/TravelGrp/ManagementAndGeneralAmt03307
IRS990/TravelGrp/TotalAmt03307
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06030 Abbey Way
IRS990/USAddress/CityNm0Monroe
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028110
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.2XSALT.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Bart Kofoed
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt02XSalt Inc
ReturnHeader/Filer/BusinessNameControlTxt02XSA
ReturnHeader/Filer/EIN0432023021
ReturnHeader/Filer/PhoneNum07043933939
ReturnHeader/Filer/USAddress/AddressLine1Txt06030 Abbey Way
ReturnHeader/Filer/USAddress/CityNm0Monroe
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028110
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561688300
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foard and Company PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01347 Harding Place
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Charlotte
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028204
ReturnHeader/PreparerPersonGrp/PhoneNum07043721515
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Terry W Lancaster
ReturnHeader/ReturnTs02025-01-20T04:41:49-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,517,232
Liabilities
$6,100
Net assets
$2,511,132
Revenue
$790,585
Expenses
$769,299
Net income
$21,286
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$0.00$2.31$0.48$0.56$0.08
2023Detailed filing. Detailed filing data is available for this year.$2.32$0.00$2.32$0.68$0.93$0.25
2022Detailed filing. Detailed filing data is available for this year.$2.52$0.01$2.51$0.79$0.77$0.02
2021Detailed filing. Detailed filing data is available for this year.$2.27$0.01$2.26$0.63$0.71$0.08
2020Detailed filing. Detailed filing data is available for this year.$2.35$0.01$2.34$0.37$0.47$0.10
2019Detailed filing. Detailed filing data is available for this year.$2.44$0.00$2.44$0.01$0.26$0.25
2018Detailed filing. Detailed filing data is available for this year.$2.85$0.00$2.85$0.01$0.28$0.27
2017Detailed filing. Detailed filing data is available for this year.$3.11$0.00$3.11$1.24$0.31$1.55
2016Detailed filing. Detailed filing data is available for this year.$4.96$0.30$4.66$0.12$0.36$0.24
2015Detailed filing. Detailed filing data is available for this year.$5.20$0.30$4.90$0.79$0.41$0.38
2014Detailed filing. Detailed filing data is available for this year.$5.12$0.60$4.52$0.30$0.44$0.14
2013Detailed filing. Detailed filing data is available for this year.$5.27$0.60$4.67$0.37$0.45$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.35$0.60$4.75$0.57
2011Summary only. Only limited summary data is available for this year.$5.31$0.60$4.71$1.16$0.61$0.55
2010Summary only. Only limited summary data is available for this year.$5.96$1.80$4.16$0.83$0.57$0.26