Slice 325 EIN 37-1847680

Slice 325 FY2023 filing

EIN  37-1847680 Public charity (501(c)(3)) Raleigh, NC
Form 990 (PDF)
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Size
<$100K
What they do
Teaches free cooking classes to help low-income families make affordable, delicious meals.
Leadership
Darren Rochester · Vice President
Money in and out
$17K revenue, $189K expenses
Bottom line
49% program efficiency

Teaches free cooking classes to help low-income families make affordable, delicious meals. For fiscal year 2023 it reported $17K in revenue, $189K in expenses, and $431K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$17K
Pt VIII · Ln 12
Total expenses
$189K
Pt IX · Ln 25
Net assets
$431K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$172K
Where spending went · Part IX cols B–D
Program services $0.49 Management & general $0.51
Program efficiency
49%
of spending reaches programs
Operating runway
27.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-1033%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$17K
FY2023▼ -74%
Expenses
$189K
FY2023▼ -11%
Total assets
$439K
FY2023▼ -27%
Total liabilities
$8K
FY2023▲ +341%
Total revenue
$17K
Pt VIII · Ln 12
Total expenses
$189K
Pt IX · Ln 25
Net assets
$431K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$172K
Total assetsPt X · Ln 16$439K
Program-expense ratioPt IX · col B49%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

2 program services account for $92K of program spending, described in the organization's own filed words · FY2023.
01

Slice diversity class ( creative sustanitaly)In our latest initiative, Slice 325 proudly served 420 families through our innovative Creative Sustainability class. This program was designed to empower students to take control of their health and well-being.

$46Kprogram expense
02

HOPs program Our efforts have been bolstered by a statewide partnership with The Duke-Margolis Center for Health Policy and Access East, Inc. We are pleased to be a part of an in-person regional convening to support the Access East Healthy Opportunities Pilot.

$46Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSlice 325
EINHdr · item D37-1847680
Principal addressHdr · item CRaleigh, NC
WebsiteHdr · item Jwww.slice325.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFood & Agriculture (K40)
Ruling yearIRS BMFMar 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A

Shemecka McNeil’s $96K as Executive Dir. is at the 99th percentile of top reported officer pay among 132 <$100K 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

NameFY2024FY2021
Shemecka McNeil$96,042$120,000

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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Statement of Revenue

Part VIII
Contributions & grants$15K · 91%
Investment income$1K · 9%
Contributions & grants91%$15K
Investment income9%$1K
— government grantsLn 1e$13K
Total revenueLn 12$17K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.49 Management & general $0.51
Program services49%$92K
Management & general51%$97K
Total functional expensesLn 25$189K

Balance Sheet

Part X · end of year
CashLn 1$438K
Total assetsLn 16$439K
Total liabilitiesLn 26$8K
Total net assetsLn 32$431K
Months of cash on handcomputed27.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $438K · Operating expenses/yr $189K
27.8 months
Where the money goes
Program services
Program services $92K · Total expenses $189K
49%
Management & General
Management & general $97K · Total expenses $189K
51%
Fundraising
Fundraising $0 · Total expenses $189K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $2K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $15K · Total revenue $17K
91%
Government reliance
Government grants $13K · Total revenue $17K
75%
Earned-income share
Program service revenue $0 · Total revenue $17K
0%
Investment reliance
Investment income $1K · Total revenue $17K
+9%
Program self-sufficiency
Program service revenue $0 · Total expenses $189K
0%
Growth & trend
Revenue growth (YoY)
This year $17K · Prior year $63K
-74%
Net-asset trend (YoY)
End of year $431K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $17K · Expenses $189K
-1033%
Liabilities-to-Assets
Total liabilities — · Total assets $439K
Net-asset ratio
Net assets $431K · Total assets $439K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $439K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Darren Rochester · Reported title Vice President · Highest reported compensation $0 · Total expenses $189K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $133K · Total expenses $189K
70%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 49%
Overhead ratio 51%
Fundraising cost ratio 0%
Revenue growth -74%
Accounting fee ratio 6%

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 · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$27

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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
FY2024 (Latest)$55K revenue · ⤓ 990 PDF
FY2023$17K revenue · viewing · ⤓ 990 PDF
FY2022$63K revenue · ⤓ 990 PDF
FY2021$812K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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