Single Socks INC EIN 30-0527073 Form 990 (PDF) Claim this org

Single Socks INC FY2022 filing

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Provides food assistance to local families facing poverty. For fiscal year 2022 it reported $204K in revenue, $169K in expenses, and $76K in net assets.Pt I

Founded
2009
Type
Public charity (501(c)(3)) · Nonprofit
Location
Silver City, NM
Filings
6 on file (2020–2022)
Revenue
$204KFY2022
Expenses
$169K
Net assets
$76K
People
3
Filings
6
Updates
0
More identity details & actions ⌄
EIN  30-0527073 Public charity (501(c)(3)) Silver City, NM Founded 2009
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Provides food assistance to local families facing poverty.
Leadership
Janie Epperson · Treasurer/Board Member · $3K
Money in and out
$204K revenue, $169K expenses
Bottom line
88% program efficiency
Where the money goes · FY2022
Total revenue
$204K
Pt VIII · Ln 12
Total expenses
$169K
Pt IX · Ln 25
Net assets
$76K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $34K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Program efficiency
88%
of spending reaches programs
Operating runway
5.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+17%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$204K
FY2022▲ +9%
Expenses
$169K
FY2022
Total assets
$77K
FY2022
Total liabilities
$1K
FY2022
Total revenue
$204K
Pt VIII · Ln 12
Total expenses
$169K
Pt IX · Ln 25
Net assets
$76K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$34K
Total assetsPt X · Ln 16$77K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSingle Socks INC
EINHdr · item D30-0527073
Principal addressHdr · item CSilver City, NM
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2009
State of legal domicileHdr · item MNM
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFSep 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treasurer/Board Member
$3,063Pt VII · Sec A
President/Board Member
$0Pt VII · Sec A
Secretary/Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Kathleen Wigley$45,009
Julie Abigail Green$41,871
Janie Epperson$2,933$3,063

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $150K of program spending, described in the organization's own filed words · FY2022.
01

To support local food impoverished families of grant county, NM

$150Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$163K · 80%
Contributions & grants$40K · 20%
Program service revenue80%$163K
Contributions & grants20%$40K
Investment income$59
Total revenueLn 12$204K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$150K
Management & general12%$20K
Total functional expensesLn 25$169K

Balance Sheet

Part X · end of year
CashLn 1$75K
Total assetsLn 16$77K
Total liabilitiesLn 26$1K
Total net assetsLn 32$76K
Months of cash on handcomputed5.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $77K · Operating expenses/yr $169K
5.4 months
Where the money goes
Program services
Program services $150K · Total expenses $169K
88%
Management & General
Management & general $20K · Total expenses $169K
12%
Fundraising
Fundraising $0 · Total expenses $169K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $40K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $40K · Total revenue $204K
20%
Government reliance
Government grants — · Total revenue $204K
Earned-income share
Program service revenue $163K · Total revenue $204K
80%
Investment reliance
Investment income $59 · Total revenue $204K
+0.03%
Program self-sufficiency
Program service revenue $163K · Total expenses $169K
96%
Growth & trend
Revenue growth (YoY)
This year $204K · Prior year $188K
+9%
Net-asset trend (YoY)
End of year $76K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $204K · Expenses $169K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $77K
Net-asset ratio
Net assets $76K · Total assets $77K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $2K · Total assets (Pt X, ln 16) $77K
2%
People & payroll
Highest Reported Total Compensation
Individual Janie Epperson · Reported title TREASURER/BOARD MEMBER · Highest reported compensation $3K · Total expenses $169K
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $98K · Total expenses $169K
58%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Fundraising cost ratio 0%
Revenue growth 9%
Accounting fee ratio 1.0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 18 grants · $222K · 2022–2025
Aldo Leopold Charter SchoolFY2025$14,875
Supporting People in NeedNM · FY2025$12,500
Silver Consolidated SchoolsFY2025$12,000
Silver City Gospel MissionNM · FY2025$5,000
Supporting People in NeedNM · FY2024$14,875
Silver City Gospel MissionNM · FY2024$14,875
St Vincent De Paul ParishNM · FY2024$8,000
Supporting People in NeedNM · FY2023$8,000
Silver City Gospel MissionNM · FY2023$8,000
St Vincent De Paul ParishNM · FY2023$8,000
Silver City Gospel MissionNM · FY2022$7,000
Supporting People in NeedNM · FY2022$6,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$235K revenue · ⤓ 990 PDF
FY2024$184K revenue · ⤓ 990 PDF
FY2023$160K revenue · ⤓ 990 PDF
FY2022$204K revenue · viewing · ⤓ 990 PDF
FY2021$188K revenue · ⤓ 990 PDF
FY2020$119K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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