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Nonprofiteer
← PLENTY INC

Form 990 for tax year 2023

Filed by PLENTY INC.

Totals

Total revenue
$975,609
Total expenses
$1,023,131
Contributions and grants received
$968,048
Grants paid
$740,771
Program service revenue
$0
Investment income
$30
Other revenue
$7,531
Total assets, end of year
$684,262
Total liabilities, end of year
$4,909
Net assets or fund balances, end of year
$679,353
Program services expenses (Part IX)
$935,232
Management and general expenses
$86,838
Fundraising expenses
$1,061
Program service expenses (Part III)
$935,232

Program services were 91.4% 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

    $27,015

  • 1f · All other contributions, gifts and grants

    $941,033

  • 1g · Noncash contributions included above

    $716,016

  • 3 · Investment income

    total $30 · excluded $30

  • 8a · Fundraising events: gross income

    $12,275

  • 8a · Fundraising events: contributions included on line 1c

    $27,015

  • 8b · Fundraising events: direct expenses

    $7,930

  • 8c · Net income from fundraising events

    total $4,345 · excluded $4,345

  • 11a · Other revenue: Other income

    total $1,522 · related or exempt $1,522

  • 11b · Other revenue: Solar energy credits

    total $1,664 · excluded $1,664

  • 11e · Other revenue, total

    $3,186

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $740,771 · program services $740,771

  • 5 · Compensation of officers, directors and key employees

    total $43,718 · program services $17,487 · management and general $26,231

  • 7 · Other salaries and wages

    total $137,062 · program services $106,652 · management and general $30,410

  • 10 · Payroll taxes

    total $13,926 · program services $9,563 · management and general $4,363

  • 11c · Fees: accounting

    total $10,775 · management and general $10,775

  • 12 · Advertising and promotion

    total $1,061 · fundraising $1,061

  • 13 · Office expenses

    total $9,485 · management and general $9,485

  • 14 · Information technology

    total $2,200 · management and general $2,200

  • 16 · Occupancy

    total $19,926 · program services $19,926

  • 17 · Travel

    total $6,427 · program services $6,427

  • 19 · Conferences, conventions and meetings

    total $317 · management and general $317

  • 22 · Depreciation, depletion and amortization

    total $19,837 · program services $19,577 · management and general $260

  • 23 · Insurance

    total $2,070 · management and general $2,070

  • 24a · Other expenses: Farm equip supplies fuel

    total $4,428 · program services $4,428

  • 24b · Other expenses: Supplies

    total $8,407 · program services $8,407

  • 24c · Other expenses: Licenses bank fees etc

    total $727 · management and general $727

  • 24d · Other expenses: Miscellaneous

    total $1,994 · program services $1,994

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $214,598 · end of year $159,858

  • 2 · Savings and temporary cash investments

    beginning of year $30,361 · end of year $30,391

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

    $566,714

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

    $72,701

  • 10c · Land, buildings and equipment, net

    beginning of year $484,301 · end of year $494,013

  • 15 · Other assets

    beginning of year $2,211

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,733 · end of year $2,591

  • 25 · Other liabilities

    beginning of year $4,653 · end of year $2,318

  • 27 · Net assets without donor restrictions

    beginning of year $723,685 · end of year $654,418

  • 28 · Net assets with donor restrictions

    beginning of year $400 · end of year $24,935

Mission and programs · 2023

Mission

To nourish community and feed hungry neighbors by growing and sharing food in Floyd County, Virginia.

  • Plenty! is building community and providing food to hungry people through the operation of a local food bank and local food delivery. The organization also provides free community meals. The organization operates a farm used as an educational opportunity for local schools. The organization maintains a preschool produce program through which local families can receive a backpack of produce each week during the fall months.

    Expenses $935,232

As filed on the 2023 return.

Listed in Part VII

  • Nancy Tome

    Executive Director

    Total calculated
    $40,487
    From this org
    $40,487
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Shannon N Hardwicke

    Executive Director

    Total calculated
    $3,231
    From this org
    $3,231
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • David Weeks

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Helen McClain

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Diane Flynt

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Amanda Morgan

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Virginia Neukirch

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Liz Warriner

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Diane Allison

    Secretary

    Total calculated
    $0
    Hours/week
    0
  • Tom Schaefer

    Treasurer

    Total calculated
    $0
    Hours/week
    0
  • Jonathan Evans

    President

    Total calculated
    $0
    Hours/week
    0
  • Ken Presser

    Vice President

    Total calculated
    $0
    Hours/week
    0

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
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349321981

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