Totals
- Total revenue
- $251,949
- Total expenses
- $382,539
- Contributions and grants received
- $245,092
- Grants paid
- $278,946
- Program service revenue
- $0
- Investment income
- $5,873
- Other revenue
- $984
- Total assets, end of year
- $352,621
- Total liabilities, end of year
- $13,701
- Net assets or fund balances, end of year
- $338,920
- Program services expenses (Part IX)
- $347,695
- Management and general expenses
- $33,364
- Fundraising expenses
- $1,480
- Program service expenses (Part III)
- $347,695
Program services were 90.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$39,000
-
1f · All other contributions, gifts and grants
$206,092
-
1g · Noncash contributions included above
$73,427
-
3 · Investment income
total $5,873
-
11a · Other revenue: CREDIT CARD REWARDS
total $518
-
11b · Other revenue: COUNTY GRANT REIMBURSED EXP
total $466
-
11e · Other revenue, total
$984
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $278,946 · program services $278,946
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $33,293 · program services $16,205 · management and general $16,217 · fundraising $871
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $2,900 · program services $1,422 · management and general $1,403 · fundraising $75
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $9,778 · management and general $9,778
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $559 · management and general $25 · fundraising $534
-
13 · Office expenses
total $21,743 · program services $17,916 · management and general $3,827
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $889 · management and general $889
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $4,071 · program services $4,071
-
23 · Insurance
total $1,022 · management and general $1,022
-
24a · Other expenses: REPAIRS
total $526 · program services $526
-
24b · Other expenses: PAYPAL AND PAYROLL FEES
total $864 · program services $864
-
24e · All other expenses
total $27,948 · program services $27,745 · management and general $203
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $389,774 · end of year $246,349
-
4 · Accounts receivable
end of year $39,060
-
8 · Inventories for sale or use
beginning of year $30,940 · end of year $17,330
-
9 · Prepaid expenses and deferred charges
beginning of year $1,823 · end of year $2,729
-
10a · Land, buildings and equipment: cost or other basis
$53,252
-
10b · Land, buildings and equipment: accumulated depreciation
$18,424
-
10c · Land, buildings and equipment, net
beginning of year $34,828 · end of year $30,757
-
15 · Other assets
beginning of year $16,395 · end of year $16,396
-
17 · Accounts payable and accrued expenses
beginning of year $7,887
-
25 · Other liabilities
beginning of year $13,701 · end of year $13,701
-
27 · Net assets without donor restrictions
beginning of year $452,172 · end of year $338,920
Mission and programs · 2024
Mission
Bags of Hope seeks to bring hope to the Lake Norman and North Charlotte, NC, area by supplying free weekend food provisions to schoolchildren who experience food insecurity.
-
Backpack program - distribution of weekend food bags and long-break/holiday grocery store gift cards. Distributed to school children in Charlotte, NC, metro area who experience food insecurity. Over 700 children served weekly during the school year at 33 local schools.
Expenses $347,695 · Revenue $245,091
As filed on the 2024 return.
Listed in Part VII
-
Ashley NydishASHLEY NYDISH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 20
-
Adam PennettiADAM PENNETTI
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Frank LoganoFRANK LOGANO
TREASURER
- Total calculated
- $0
- Hours/week
- 10
-
Lucia ModiaLUCIA MODIA
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Ashley FazalASHLEY FAZAL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Stacy O'RorkeSTACY O'RORKE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Jeff HolmesJEFF HOLMES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Josh BilligJOSH BILLIG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Matt DawsonMATT DAWSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202531359349306438
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