Civic Intelligence

C2 Life Foundation

990EZ • Fiscal year 2022 • EIN 85-1065378

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

114 South Sterling Street 8Morganton, NC 28655

(828) 448-2808

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.68x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

93rd percentile

0.61x

Higher debt load relative to revenue than 93% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

83rd percentile

36%

Higher net margin than 83% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

83rd percentile

46%

Faster asset growth than 83% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

76th percentile

61%

Faster revenue growth than 76% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$102,731

Up $32,286 (+46%) from 2021

Net Assets

Up

$32,491

Up $41,046 (+480%) from 2021

Liabilities

Down

$70,240

Down $8,760 (-11%) from 2021

Revenue

Up

$114,428

Up $43,542 (+61%) from 2021

Expenses

Up

$73,382

Up $6,339 (+9.5%) from 2021

Net Income

Up

$41,046

Up $37,203 (+968%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2021: $70,445Liabilities 2021: $79,000Net Assets 2021: -$8,5552021Assets 2022: $102,731Liabilities 2022: $70,240Net Assets 2022: $32,4912022Assets 2023: $618,376Liabilities 2023: $94,240Net Assets 2023: $524,1362023Assets 2024: $807,722Liabilities 2024: $181,699Net Assets 2024: $626,0232024

Highlighted filing

2022

Assets$102,731
Liabilities$70,240
Net Assets$32,491

Operations Trend

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

$800K$600K$400K$200K$0Revenue 2021: $70,886Expenses 2021: $67,043Net Income 2021: $3,8432021Revenue 2022: $114,428Expenses 2022: $73,382Net Income 2022: $41,0462022Revenue 2023: $688,361Expenses 2023: $196,716Net Income 2023: $491,6452023Revenue 2024: $598,976Expenses 2024: $497,089Net Income 2024: $101,8872024

Highlighted filing

2022

Revenue$114,428
Expenses$73,382
Net Income$41,046
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$114,428
Mission and Program Overview

Mission

End hunger/eliminate chronic disease caused by poor nutrition

End hunger & eliminate chronic disease caused by poor nutrition

Program Services

DescriptionGrantsExpenses
OFFERED 9-WEEK LIFESTYLE MEDICINE PROGRAMS INCLUDING DAILY EDUCATION, PLANT-BASED MEALS, AND COMMUNITY SUPPORT TO THOSE WHO ARE FOOD INSECURE AND/OR CHRONICALLY ILL$0$50,947
HEALTHY FOOD DISTRIBUTION - 10,553 FULLY-PREPARED MEALS TO FEED THOSE WHO ARE FOOD INSECURE AND/OR CHRONICALLY ILL.$0$20,840
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ALICE HORTONMember-$0--
KEVIN BAXTERChair-$0--
LEAH FERGUSONVice Chair-$0--
SHERI WATTSTreasurer-$0--
CHASITY POTEAT RICECEO/FounderPT$0--
Filing and Contact Details

Filer

Filer Name
C2life Foundation
EIN
85-1065378
Phone
8284482808
Address
114 SOUTH STERLING STREET 8, MORGANTON, NC 28655

Signing Officer

Name
Chasity Poteat Rice
Title
CEO
Phone
8284482808
Signed
2023-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Davidson Holland Whitesell & Co Pllc
Address
PO BOX 1489, MORGANTON, NC 28680-1489
Preparer
Sheri D Watts CPA
Phone
8284378060
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

Description: rent income . Amount: 21,948.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: computer expenses. Amount: 1,314. Description: accounting. Amount: 48. Description: professional fees. Amount: 78. Description: food is medicine expenses. Amount: 50,947. Description: hop program. Amount: 3,002. Description: liability insurance. Amount: 3,138. Description: interest expense. Amount: 2,400. Description: office supplies. Amount: 83. Description: bank fees. Amount: 451. Description: property taxes. Amount: 4,321. Description: miscellaneous expense. Amount: 764. Description: depreciation expense. Amount: 1,230. Description: advertising. Amount: 4,011. Total to form 990-ez, line 16: 71,787.

Form 990-ez, Part II, Line 24 - Other Assets

Description: loan costs . Beg. Of year amount: 0. End of year amount: 992. Description: afs short term loan. Beg. Of year amount: 10,000. End of year amount: 0. Description: other depreciable assets. Beg. Of year amount: 50,074. End of year amount: 48,844.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: note payable - land . Beg. Of year amount: 79,000. End of year amount: 67,000. Description: due from foundation. Beg. Of year amount: 0. End of year amount: 3,240.

Raw XML Appendix163 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
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/PersonNm0CHASITY POTEAT RICE
IRS990EZ/BooksInCareOfDetail/PhoneNum08284482808
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0114 SOUTH STERLING STREET SUITE 8
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MORGANTON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028655
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt010371
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt052895
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt092480
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt041046
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt070445
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0102731
IRS990EZ/GrossReceiptsAmt0114428
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-8555
IRS990EZ/NetAssetsOrFundBalancesEOYAmt032491
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-8555
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt032491
IRS990EZ/OccupancyRentUtltsAndMaintAmt01595
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt425.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ALICE HORTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KEVIN BAXTER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2LEAH FERGUSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3SHERI WATTS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4CHASITY POTEAT RICE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4CEO/FOUNDER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt060074
IRS990EZ/OtherAssetsTotalDetail/EOYAmt049836
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt071787
IRS990EZ/OtherRevenueTotalAmt021948
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0END HUNGER & ELIMINATE CHRONIC DISEASE CAUSED BY POOR NUTRITION
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0OFFERED 9-WEEK LIFESTYLE MEDICINE PROGRAMS INCLUDING DAILY EDUCATION, PLANT-BASED MEALS, AND COMMUNITY SUPPORT TO THOSE WHO ARE FOOD INSECURE AND/OR CHRONICALLY ILL
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1HEALTHY FOOD DISTRIBUTION - 10,553 FULLY-PREPARED MEALS TO FEED THOSE WHO ARE FOOD INSECURE AND/OR CHRONICALLY ILL.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt050947
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt120840
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt079000
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt070240
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt073382
IRS990EZ/TotalProgramServiceExpensesAmt071787
IRS990EZ/TotalRevenueAmt0114428
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.C2LIFE.ORG
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt092480
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt056036
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0148516
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt021948
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt014850
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt036798
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0148516
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt092480
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt056036
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0148516
IRS990ScheduleA/TotalSupportAmt0185314
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: RENT INCOME . AMOUNT: 21,948.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: COMPUTER EXPENSES. AMOUNT: 1,314. DESCRIPTION: ACCOUNTING. AMOUNT: 48. DESCRIPTION: PROFESSIONAL FEES. AMOUNT: 78. DESCRIPTION: FOOD IS MEDICINE EXPENSES. AMOUNT: 50,947. DESCRIPTION: HOP PROGRAM. AMOUNT: 3,002. DESCRIPTION: LIABILITY INSURANCE. AMOUNT: 3,138. DESCRIPTION: INTEREST EXPENSE. AMOUNT: 2,400. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 83. DESCRIPTION: BANK FEES. AMOUNT: 451. DESCRIPTION: PROPERTY TAXES. AMOUNT: 4,321. DESCRIPTION: MISCELLANEOUS EXPENSE. AMOUNT: 764. DESCRIPTION: DEPRECIATION EXPENSE. AMOUNT: 1,230. DESCRIPTION: ADVERTISING. AMOUNT: 4,011. TOTAL TO FORM 990-EZ, LINE 16: 71,787.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: LOAN COSTS . BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 992. DESCRIPTION: AFS SHORT TERM LOAN. BEG. OF YEAR AMOUNT: 10,000. END OF YEAR AMOUNT: 0. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 50,074. END OF YEAR AMOUNT: 48,844.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: NOTE PAYABLE - LAND . BEG. OF YEAR AMOUNT: 79,000. END OF YEAR AMOUNT: 67,000. DESCRIPTION: DUE FROM FOUNDATION. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 3,240.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHASITY POTEAT RICE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08284482808
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0C2LIFE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0C2LI
ReturnHeader/Filer/EIN0851065378
ReturnHeader/Filer/PhoneNum08284482808
ReturnHeader/Filer/USAddress/AddressLine1Txt0114 SOUTH STERLING STREET 8
ReturnHeader/Filer/USAddress/CityNm0MORGANTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028655
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561706742
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVIDSON HOLLAND WHITESELL & CO PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1489
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MORGANTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0286801489
ReturnHeader/PreparerPersonGrp/PhoneNum08284378060
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHERI D WATTS CPA
ReturnHeader/ReturnTs02023-11-15T12:11:56-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHASITY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0POTEAT RICE
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings