Feast Down East INC

Tax-deductible

Burgaw, NC501(c)(3)Food & AgricultureEIN 32-0333038

Feast Down East strengthens the farming communities in and around the Wilmington, NC area by providing resources, education, and distribution opportunities to farmers while addressing equitable food access in communities with the greatest need.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 15 volunteers and 7 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average surplus $5K a year · 1% of revenue · last 4 filings
Worth a look: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $411K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$735K
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$571K
+24% vs prior year
Spent
$609K
To programs
100%
Net assets
$223K
By yearFY2020–FY2024
Revenue
$571K
FY2024▲ +24%
Revenue by fiscal year
FY2020$287K
FY2021$563K
FY2022$462K
FY2024$571K
Expenses
$609K
FY2024▲ +32%
Expenses by fiscal year
FY2020$298K
FY2021$492K
FY2022$463K
FY2024$609K
Net assets
$223K
FY2024▲ +160%
Net assets by fiscal year
FY2020$16K
FY2021$87K
FY2022$86K
FY2024$223K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $609K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Cara Stretch’s $55K as Executive Dir. is at the 57th percentile of top reported officer pay among 1172 $100K–1M food & agriculture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Cara Stretch$55,080$46,629

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects farmers with resources and distribution, ensuring equitable food access in needy communities.

Provided by the organization

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1 program service account for $609K of program spending, described in the organization's own filed words · FY2024.
01

Feast Down East strengthens the farming communities in and around Wilmington, NC area by providing resources, education, and distribution opportunities to farmers while addresssing equitable food access in communities with the greatest need.

$609Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$411K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$571K
Ln 12
Gifts and grantsLn 1h$650K
Money outPt IX
$609K
Ln 25
Programscol B$609K
Owns and owesPt X
$223K
net assets · Ln 32
Cash and savingsLn 1–2$476K
Total assetsLn 16$958K
LiabilitiesLn 26$735K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$650K
Government grantsLn 1e$57K
Fundraising eventsLn 1c$16K
Total revenueLn 12$571K
Assets in detailPt X, end of year
CashLn 1$476K
Cash and savings togetherLn 1–2$476K
Land, buildings, equipmentLn 10c$235K
Total assetsLn 16$958K
LiabilitiesLn 26$735K
Net assetsLn 32$223K
OperationsPt I, VI
EmployeesI 57
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$102K$476K
Land, buildings, equipmentLn 10c$240K$235K
Total assetsLn 16$656K$958K
LiabilitiesLn 26$395K$735K
Net assetsLn 32$261K$223K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$391K$391K
Accounting feesLn 11c$28K$28K
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$20K$20K
TravelLn 17$4K$4K
Depreciation, depletion and amortizationLn 22$53K$53K
InsuranceLn 23$28K$28K
Other expenses (24a–d)Ln 24$3K$3K
All other expensesLn 24e$69K$69K
Total functional expensesLn 25$609K$609K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $571K$609K−$38K$223K 990 PDF
FY2023 Not on file
FY2022 $462K$463K−$1K$86K 990 PDF
FY2021 $563K$492K$71K$87K 990 PDF
FY2020 $287K$298K−$11K$16K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $570,876 across 7 lines filed
Lines not itemized here account for −$78,970 of total revenue; see the IRS return.
VIII-1a Federated campaigns$29,446
VIII-1c Fundraising events$16,253
VIII-1e Government grants$57,205
VIII-1f All other contributions, gifts and grants$546,942
VIII-1h Total contributions, gifts and grants$649,846
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission −$78,970 · Unrelated business $0 · Excluded from tax $0$570,876
Part IX · Statement of functional expenses $609,008 across 9 lines filed
IX-7 Other salaries and wagesPrograms $390,604$390,604
IX-11c Accounting feesPrograms $28,339$28,339
IX-12 Advertising and promotionPrograms $14,006$14,006
IX-13 Office expensesPrograms $19,641$19,641
IX-17 TravelPrograms $4,090$4,090
IX-22 Depreciation, depletion and amortizationPrograms $53,150$53,150
IX-23 InsurancePrograms $27,927$27,927
IX-24 Other expenses (24a–d)Programs $2,691$2,691
IX-24e All other expensesPrograms $68,560$68,560
IX-25 Total functional expensesPrograms $609,008 · Management $0 · Fundraising $0$609,008
Part X · Balance sheet $957,649 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $102,215$475,550
X-4 Accounts receivableStart of year $300,671$230,106
X-8 Inventories for sale or useStart of year $2,658$3,402
X-9 Prepaid expenses and deferred chargesStart of year $9,753$13,419
X-10c Land, buildings and equipment, netStart of year $240,361$235,172
X-16 Total assetsStart of year $655,658$957,649
X-17 Accounts payable and accrued expensesStart of year $17,984$41,376
X-19 Deferred revenueStart of year $376,602$693,333
X-26 Total liabilitiesStart of year $394,586$734,709
X-27 Net assets without donor restrictionsStart of year $261,072$222,940
X-32 Total net assets or fund balancesStart of year $261,072$222,940
X-33 Total liabilities and net assetsStart of year $655,658$957,649
Part XI · Reconciliation of net assets $222,940 net assets at year end
XI-1 Total revenue$570,876
XI-2 Total expenses$609,008
XI-3 Revenue less expenses−$38,132
XI-4 Net assets at start of year$261,072
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$222,940

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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