Totals
- Total revenue
- $216,222
- Total expenses
- $197,647
- Contributions and grants received
- $210,717
- Grants paid
- $4,500
- Program service revenue
- $600
- Investment income
- $4,920
- Other revenue
- -$15
- Total assets, end of year
- $268,588
- Total liabilities, end of year
- $7,318
- Net assets or fund balances, end of year
- $261,270
- Program services expenses (Part IX)
- $162,314
- Management and general expenses
- $20,582
- Fundraising expenses
- $14,751
- Program service expenses (Part III)
- $162,314
Program services were 82.1% 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.
-
1c · Fundraising events
$705
-
1f · All other contributions, gifts and grants
$210,012
-
1g · Noncash contributions included above
$13,143
-
2a · Program service revenue: Program Income
total $600 · unrelated business $0 · excluded $0
-
3 · Investment income
total $4,920 · unrelated business $0 · excluded $4,920
-
8a · Fundraising events: contributions included on line 1c
$705
-
10a · Gross sales of inventory
$1,103
-
10b · Cost of goods sold
$1,426
-
10c · Net income from sales of inventory
total -$323 · excluded -$323
-
11a · Other revenue: Miscellaneous
total $308 · related or exempt $0 · unrelated business $0 · excluded $308
-
11e · Other revenue, total
$308
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,500 · program services $4,500
-
7 · Other salaries and wages
total $93,397 · program services $78,454 · management and general $2,802 · fundraising $12,141
-
10 · Payroll taxes
total $7,145 · program services $5,859 · management and general $500 · fundraising $786
-
11c · Fees: accounting
total $1,880 · program services $0 · management and general $1,880 · fundraising $0
-
11g · Fees: other
total $10,556 · program services $1,054 · management and general $9,502 · fundraising $0
-
12 · Advertising and promotion
total $564 · program services $423 · management and general $0 · fundraising $141
-
13 · Office expenses
total $3,253 · program services $1,940 · management and general $519 · fundraising $794
-
14 · Information technology
total $4,002 · program services $2,426 · management and general $985 · fundraising $591
-
16 · Occupancy
total $41,656 · program services $39,721 · management and general $1,935 · fundraising $0
-
17 · Travel
total $718 · program services $575 · management and general $143 · fundraising $0
-
19 · Conferences, conventions and meetings
total $855 · program services $25 · management and general $830 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $5,279 · program services $5,279 · management and general $0 · fundraising $0
-
23 · Insurance
total $3,411 · program services $2,558 · management and general $853 · fundraising $0
-
24a · Other expenses: Program Supplies
total $6,600 · program services $6,271 · management and general $329 · fundraising $0
-
24b · Other expenses: Fundraising Expenses
total $298 · program services $0 · management and general $0 · fundraising $298
-
24c · Other expenses: In Kind Donations Utilized
total $13,143 · program services $13,143 · management and general $0 · fundraising $0
-
24d · Other expenses: Miscellaneous
total $390 · program services $86 · management and general $304 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $43,844 · end of year $71,484
-
2 · Savings and temporary cash investments
beginning of year $176,192 · end of year $171,082
-
3 · Pledges and grants receivable
beginning of year $6,570 · end of year $11,064
-
4 · Accounts receivable
end of year $225
-
8 · Inventories for sale or use
beginning of year $300 · end of year $300
-
9 · Prepaid expenses and deferred charges
beginning of year $494 · end of year $544
-
10a · Land, buildings and equipment: cost or other basis
$30,109
-
10b · Land, buildings and equipment: accumulated depreciation
$18,087
-
10c · Land, buildings and equipment, net
beginning of year $17,301 · end of year $12,022
-
15 · Other assets
beginning of year $2,883 · end of year $1,867
-
17 · Accounts payable and accrued expenses
beginning of year $4,889 · end of year $7,318
-
27 · Net assets without donor restrictions
beginning of year $136,241 · end of year $155,635
-
28 · Net assets with donor restrictions
beginning of year $106,454 · end of year $105,635
Mission and programs · 2023
Mission
Asheville Poverty Initiative aims to build community and promote economic justice: dismantling stereotypes, reducing fear, and empowering hope through telling stories across socio-economic difference. We envision a beloved community that celebrates mutuality, abundance, and justice.
-
Each week 12 Baskets Caf serves lunch 2 days and provides grocery takeaway 2 days to all who come at no charge, serving donated/rescued food provided by local restaurants, food services, grocery stores, and farms. In 2023 the Caf served over 22,000 meals and rescued approximately 120,000 pounds of food.
Expenses $162,314 · Grants $4,500 · Revenue $600
-
API's Realities of Poverty Education Programs include group discussions, panels, and tours of places in downtown Asheville a homeless person might visit in a day. Groups can include schools, colleges, churches, civic groups, or interested individuals. The programs are led by our Poverty Educators, giving voice and leadership opportunities to people with life experiences of poverty to educate others as to the causes and challenges of poverty. This program was re-started in October 2023 with a dedicated coordinator and provided 3 programs to 22 participants in October and November.
-
12 Baskets Caf also provides hosted meeting space for community groups outside of food serving hours. Affinity groups include people creating art and music, sharing creative writings, playing chess, discussing important local topics, or just watching a movie together. Started in September, this program quickly grew to 30 meetings per month.
As filed on the 2023 return.
Listed in Part VII
-
Kimberleigh Wells
Board Chair
- Total calculated
- $0
- Hours/week
- 10
-
Philip Leonard
Treasurer
- Total calculated
- $0
- Hours/week
- 20
-
Bill Buchanan
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Melissa Harris
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
TJ Amos
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Steve Leventer
Board Member
- Total calculated
- $0
- Hours/week
- 20
-
Michael Poulos
Board Member
- Total calculated
- $0
- Hours/week
- 2
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
- 2023
- Filed
- 7 June 2024
- IRS schema version
- 2023v5.0
- Source object
- 202411649349300936
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