FEEDING WILMINGTON INC

EIN: 922172394 501(c)(3) Food, Agriculture & Nutrition

RALEIGH, NC

Total Revenue
$330,442
Total Expenses
$361,784
Total Assets
$12,618,642
Net Assets
$544,284
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
NC
Principal Officer
MICKEY HOLT
Phone
9198653025
Tax Period
2023-07-01 to 2024-06-30

FEEDING WILMINGTON INC, founded in 2023, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $330K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring.

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.

Program Service Accomplishments

Program 1
Expenses: $265,066

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...

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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 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.

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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 $277,942
Program Service Revenue $0
Investment Income $0
Other Revenue $52,500
TOTAL REVENUE $330,442

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $4,652
Program Expenses $265,066
Other Expenses $361,784
TOTAL EXPENSES $361,784

Year-over-Year Comparison

2023 2022 Change
Revenue $330,442 $643,344 -0.5%
Expenses $361,784 $67,718 +4.3%
Net Income $-31,342 $575,626 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
3
Employees
N/A
Volunteers
3

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
4
$522,446
Total Directors
5
$522,446
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASHLEY MCCUMBER CHAIRMAN 1.00
Officer Director
$0 $10,369 $304,404
MICKEY HOLT CHAIR-ELECT 1.00
Officer Director
$0 $23,644 $218,042
GREG BROMBERGER TREASURER 1.00
Officer Director
$0 $0 $0
PETER WERBICKI SECRETARY 1.00
Officer Director
$0 $0 $0
DANA LANGE DIRECTOR 1.00
Director
$0 $0 $0
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 $330,442 $361,784 $12,618,642 $-31,342
2023 $643,344 $67,718 $12,399,415 $575,626
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