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Nonprofiteer
← FEEDING WILMINGTON INC

Form 990 for tax year 2022

Filed by FEEDING WILMINGTON INC.

Totals

Total revenue
$643,344
Total expenses
$67,718
Contributions and grants received
$642,435
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$909
Total assets, end of year
$12,399,415
Total liabilities, end of year
$11,823,789
Net assets or fund balances, end of year
$575,626
Program services expenses (Part IX)
$41,476
Management and general expenses
$25,323
Fundraising expenses
$919
Program service expenses (Part III)
$41,476

Program services were 61.2% 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.

  • 1d · Related organizations

    $642,435

  • 11d · All other revenue

    total $909 · excluded $909

  • 11e · Other revenue, total

    $909

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $67,718 · program services $41,476 · management and general $25,323 · fundraising $919

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $1,888,514

  • 10a · Land, buildings and equipment: cost or other basis

    $10,553,083

  • 10b · Land, buildings and equipment: accumulated depreciation

    $42,182

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $10,510,901

  • 17 · Accounts payable and accrued expenses

    end of year $84,553

  • 23 · Secured mortgages and notes payable

    end of year $11,739,236

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $575,626

Mission and programs · 2022

Mission

FEEDING WILMINGTON, INC., A NORTH CAROLINA NONPROFIT CORPORATION WAS FORMED TO SUPPORT FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA, INC., A NORTH CAROLINA NONPROFIT CORPORATION ("FBCENC"). FBCENC'S MISSION IS TO PROVIDE FOOD FOR PEOPLE AT RISK OF HUNGER IN CENTRAL AND EASTERN NORTH CAROLINA AND SERVES A NETWORK OF MORE THAN 800 PARTNER AGENCIES SUCH AS SOUP KITCHENS, FOOD PANTRIES, SHELTERS AND PROGRAMS FOR CHILDREN AND ADULTS THROUGH DISTRIBUTION CENTERS IN DURHAM, GREENVILLE, NEW BERN, RALEIGH, THE SANDHILLS (SOUTHERN PINES) AND WILMINGTON. FEEDING WILMINGTON WILL TAKE ON VARIOUS PROJECTS TO SUPPORT FBCENC AND CARRY OUT ITS TAX EXEMPT PURPOSES.

Activities or mission (Part I)

FEEDING WILMINGTON SUPPORTS THE ACTIVITIES OF FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA, INC. TO FIGHT HUNGER IN THE AREAS IT SERVES.

  • FEEDING WILMINGTON, IN FURTHERANCE OF ITS MISSION OF SUPPORTING FBCENC, WAS FORMED TO ASSIST FBCENC WITH THE CONSTRUCTION, EQUIPPING AND DEVELOPMENT OF A NEW APPROXIMATELY 32,000 SQUARE FOOT FOOD DISTRIBUTION FACILITY (THE "PROJECT") LOCATED AT 900 AND 1000 GREENFIELD STREET, WILMINGTON, NORTH CAROLINA (THE "PROPERTY"). FBCENC OWNS THE PROPERTY AND IS EXPECTED TO CONTRIBUTE THE PROPERTY TO THE FEEDING WILMINGTON. FEEDING WILMINGTON WILL SECURE FINANCING FOR THE PROJECT, COMPLETE THE CONSTRUCTION RELATED TO THE PROJECT AND THEN (I) LEASE THE COMPLETED PROJECT TO FBCENC FOR A TERM OF [25] YEARS AND (II) LEASE CERTAIN EQUIPMENT RELATED TO THE PROJECT TO FBCENC FOR A TERM OF [7] YEARS WITH AN OPTION TO PURCHASE SUCH EQUIPMENT AT THE CONCLUSION OF THE TERM. FBCENC IS EXPECTED TO OPERATE THE PROJECT AS FOOD DISTRIBUTION FACILITY. FEEDING WILMINGTON WILL ACTIVELY MANAGE THE PROJECT AS ITS LANDLORD.

    Expenses $41,476

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ashley McCumber

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Mickey Holt

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Dana Lange

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greg Bromberger

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Peter Werbicki

    SECRETARY

    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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202313189349308876

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