FOOD BANK OF CENTRAL & EASTERN NC INC

EIN: 561283426 501(c)(3) Food, Agriculture & Nutrition

RALEIGH, NC

Total Revenue
$233,952,448
Total Expenses
$238,575,144
Total Assets
$103,162,876
Net Assets
$98,241,836
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
NC
Principal Officer
MICKEY HOLT
Phone
9198750707
Tax Period
2023-07-01 to 2024-06-30

FOOD BANK OF CENTRAL & EASTERN NC INC, founded in 1980, is a major nonprofit in the Food, Agriculture & Nutrition sector that reported $234.0M in total revenue in fiscal year 2023.

Mission

NOURISH PEOPLE. BUILD SOLUTIONS. EMPOWER COMMUNITIES. NO ONE GOES HUNGRY.

Program Service Accomplishments

Program 1
Expenses: $168,490,680 Revenue: $2,302,220

LAST FISCAL YEAR, THE FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA DISTRIBUTED UPWARDS OF 90 MILLION MEALS WORTH OF FOOD TO APPROXIMATELY 700 PARTNER AGENCIES ACROSS CENTRAL AND EASTERN NC. THIS...

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LAST FISCAL YEAR, THE FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA DISTRIBUTED UPWARDS OF 90 MILLION MEALS WORTH OF FOOD TO APPROXIMATELY 700 PARTNER AGENCIES ACROSS CENTRAL AND EASTERN NC. THIS DISTRIBUTION WOULD NOT HAVE BEEN POSSIBLE WITHOUT OUR DEDICATED AND COMPASSIONATE COMMUNITY OF STAFF, VOLUNTEERS, DONORS, ADVOCATES, AND CORPORATE PARTNERS. FOR MORE THAN 40 YEARS, THIS IS HOW WE'VE HELPED NOURISH THOUSANDS OF OUR NEIGHBORS INCLUDING INDIVIDUALS, FAMILIES, CHILDREN, AND SENIORS.

Program 2
Expenses: $52,829,799

THE FOOD BANK OF CENTRAL AND EASTERN NORTH CAROLINA'S RETAIL DONATION PROGRAM RESCUED AND DISTRIBUTED MORE FOOD THAN EVER BEFORE, ENSURING LESS FOOD IN OUR LANDFILLS AND MORE MEALS FOR FAMILIES IN...

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THE FOOD BANK OF CENTRAL AND EASTERN NORTH CAROLINA'S RETAIL DONATION PROGRAM RESCUED AND DISTRIBUTED MORE FOOD THAN EVER BEFORE, ENSURING LESS FOOD IN OUR LANDFILLS AND MORE MEALS FOR FAMILIES IN NEED. THROUGH THIS PROGRAM, OUR PARTNER AGENCIES PICKED UP APPROXIMATELY 22 MILLION POUNDS OF FOOD FROM LOCAL RETAIL STORES, A RECORD FOR THE ORGANIZATION.

Program 3
Expenses: $8,119,693

THROUGH OUR YEAR-ROUND OPERATION OF THE FEDERAL NUTRITION PROGRAM FOR SENIORS, THE COMMODITIES SUPPLEMENTAL FOOD PROGRAM, PROVIDED OVER 8,000 BOXES OF FOOD A MONTH IN ALL OF OUR 34 COUNTIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $229,300,919
Program Service Revenue $2,302,220
Investment Income $2,388,519
Other Revenue $-39,210
TOTAL REVENUE $233,952,448

Expense Breakdown

Grants Paid $202,278,598
Salaries & Benefits $16,636,887
Fundraising Expenses $5,451,686
Program Expenses $229,440,172
Other Expenses $17,587,416
TOTAL EXPENSES $238,575,144

Year-over-Year Comparison

2023 2022 Change
Revenue $233,952,448 $232,338,914 +0.0%
Expenses $238,575,144 $221,747,267 +0.1%
Net Income $-4,622,696 $10,591,647 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
25
Independent Members
25
Employees
217
Volunteers
61042

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$522,446
Total Directors
25
$0
Key Employees
3
$538,915
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHANIE J MILES CHAIR 1.00
Officer Director
$0 $0 $0
ANNE LLOYD CHAIR-ELECT 1.00
Officer Director
$0 $0 $0
OCTAVIO SOARES PAST CHAIR 1.00
Officer Director
$0 $0 $0
TIM TRIPP SECRETARY 1.00
Officer Director
$0 $0 $0
MONICA BARNES DIRECTOR 1.00
Director
$0 $0 $0
GREG BROMBERGER TREASURER 1.00
Officer Director
$0 $0 $0
REV CHARLES BROOKS DIRECTOR 1.00
Director
$0 $0 $0
DREW DUNCAN DIRECTOR 1.00
Director
$0 $0 $0
GREG FOUNTAIN DIRECTOR 1.00
Director
$0 $0 $0
DAVID L GARRIS DIRECTOR 1.00
Director
$0 $0 $0
SUSAN CORTS HILL DIRECTOR 1.00
Director
$0 $0 $0
TRAVIS HOCKADAY DIRECTOR 1.00
Director
$0 $0 $0
CHARLES INMAN DIRECTOR 1.00
Director
$0 $0 $0
RANDOLPH KEATON DIRECTOR 1.00
Director
$0 $0 $0
JAMES KISSINGER DIRECTOR 1.00
Director
$0 $0 $0
DAVID KOCHMAN DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINE MAZZONE DIRECTOR 1.00
Director
$0 $0 $0
JONATHAN MIZE DIRECTOR 1.00
Director
$0 $0 $0
GEORGE E NORMAN III DIRECTOR 1.00
Director
$0 $0 $0
LA VERNE REID PHD MPH DIRECTOR 1.00
Director
$0 $0 $0
MATT ROGERS PHD DIRECTOR 1.00
Director
$0 $0 $0
SHELAYNE DALY SUTTON DIRECTOR 1.00
Director
$0 $0 $0
LOUISE WINSTANLY DIRECTOR 1.00
Director
$0 $0 $0
CHRIS WOZENCROFT DIRECTOR 1.00
Director
$0 $0 $0
DARLENE POWELL DIRECTOR 1.00
Director
$0 $0 $0
ASHLEY MCCUMBER PRESIDENT & CEO (TO 6/4/24) 40.00
Officer
$294,035 $10,369 $304,404
MICKEY HOLT CHIEF FINANCIAL OFFICER 40.00
Officer
$194,398 $23,644 $218,042
JERRY NAYLOR CHIEF PEOPLE OFFICER 40.00
Key Emp
$150,437 $17,991 $168,428
CHARLIE HALE CHIEF OPERATIONS OFFICER 40.00
Key Emp
$179,267 $22,554 $201,821
MARLOWE FOSTER CHIEF DEVELOPMENT OFFICER 40.00
Key Emp
$160,512 $8,154 $168,666
MARIAH MURRELL VP OF EQUITY, DIVERSITY & INCLUSION 40.00
Highest
$140,691 $22,266 $162,957
ROBERT ADAMS VP OF COMMUNITY HEALTH & ENGAGEMENT 40.00
Highest
$144,785 $22,343 $167,128
SUSAN ALLISON CONTROLLER 40.00
Highest
$138,270 $15,446 $153,716
DAVID PECK DIRECTOR OF IT 40.00
Highest
$126,556 $18,312 $144,868
CARTER CRAIN SR. DIRECTOR OF FOOD SOURCING 40.00
Highest
$125,550 $18,117 $143,667
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $233,952,448 $238,575,144 $103,162,876 $-4,622,696
2023 $232,338,914 $221,747,267 $104,815,207 $10,591,647
2022 $216,066,903 $208,404,478 $91,235,516 $7,662,425
2021 $310,712,985 $267,812,805 $85,769,638 $42,900,180
2020 $169,408,393 $154,864,809 $48,195,891 $14,543,584
2019 $167,253,908 $161,389,329 $29,477,138 $5,864,579
2018 $124,753,142 $125,576,320 $23,573,371 $-823,178
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