Civic Intelligence

C2 Life Foundation

990EZ • Fiscal year 2021 • EIN 85-1065378

Jan 01, 2021 to Dec 31, 2021 • Filed on Feb 28, 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

95th percentile

1.12x

Higher debt load relative to assets than 95% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

95th percentile

1.11x

Higher debt load relative to revenue than 95% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

45th percentile

5.4%

Higher net margin than 45% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

$70,445

No earlier filing loaded for comparison.

Net Assets

-$8,555

No earlier filing loaded for comparison.

Liabilities

$79,000

No earlier filing loaded for comparison.

Revenue

$70,886

No earlier filing loaded for comparison.

Expenses

$67,043

No earlier filing loaded for comparison.

Net Income

$3,843

No earlier filing loaded for comparison.

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

2021

Assets$70,445
Liabilities$79,000
Net Assets-$8,555

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

2021

Revenue$70,886
Expenses$67,043
Net Income$3,843
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Feb 28, 2023
Return Version
2021v4.2
Gross Receipts
$70,886
Mission and Program Overview

Mission

End hunger/eliminate chronic disease caused by poor nutrition

Program Services

DescriptionGrantsExpenses
HEALTHY FOOD DISTRIBUTION - 7,406 POUNDS AND 6,181 FULLY-PREPARED MEALS TO FEED THOSE WHO ARE FOOD INSECURE AND/OR CHRONICALLY ILL.$0$49,826
LAUNCHED 9-WEEK LIFESTYLE MEDICINE PILOT PROGRAM INCLUDING DAILY EDUCATION, PLANT-BASED MEALS, AND COMMUNITY SUPPORT TO THOSE WHO ARE FOOD INSECURE AND/OR CHRONICALLY ILL - 17 PEOPLE SERVED$0$1,319
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ALICE HORTONMember-$0--
LAUREN IAZZETTIMember-$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
2023-02-28
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 16 - Other Expenses

Description: advertising expense. Amount: 560. Description: insurance expense. Amount: 1,164. Description: supplies expense. Amount: 2,203. Description: interest expense. Amount: 2,411. Description: meals provided. Amount: 49,676. Total to form 990-ez, line 16: 56,014.

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

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

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

Description: the industrial commons. Beg. Of year amount: 80,000. End of year amount: 79,000.

Raw XML Appendix166 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
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IRS990EZ/BooksInCareOfDetail/PhoneNum08284482808
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0114 SOUTH STERLING STREET SUITE 8
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MORGANTON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028655
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IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-8555
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ALICE HORTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1LAUREN IAZZETTI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2KEVIN BAXTER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3LEAH FERGUSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4SHERI WATTS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5CHASITY POTEAT RICE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3VICE CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5CEO/FOUNDER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt060074
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt056014
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0END HUNGER/ELIMINATE CHRONIC DISEASE CAUSED BY POOR NUTRITION
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1HEALTHY FOOD DISTRIBUTION - 7,406 POUNDS AND 6,181 FULLY-PREPARED MEALS TO FEED THOSE WHO ARE FOOD INSECURE AND/OR CHRONICALLY ILL.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt01319
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt149826
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt080000
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt079000
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationOtherInd0X
IRS990EZ/WebsiteAddressTxt0WWW.C2LIFE.ORG
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt056036
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt056036
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt014850
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt056036
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt056036
IRS990ScheduleA/TotalSupportAmt070886
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: ADVERTISING EXPENSE. AMOUNT: 560. DESCRIPTION: INSURANCE EXPENSE. AMOUNT: 1,164. DESCRIPTION: SUPPLIES EXPENSE. AMOUNT: 2,203. DESCRIPTION: INTEREST EXPENSE. AMOUNT: 2,411. DESCRIPTION: MEALS PROVIDED. AMOUNT: 49,676. TOTAL TO FORM 990-EZ, LINE 16: 56,014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: AFS SHORT TERM LOAN. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 10,000. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 50,074.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: THE INDUSTRIAL COMMONS. BEG. OF YEAR AMOUNT: 80,000. END OF YEAR AMOUNT: 79,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 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/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHASITY POTEAT RICE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08284482808
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-28
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/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/ReturnTs02023-02-28T08:36:51-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHASITY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0POTEAT RICE
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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Filings