Forsyth Backpack Program EIN 46-1940233

Forsyth Backpack Program FY2023 filing

EIN  46-1940233 Public charity (501(c)(3)) Winstonsalem, NC
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Feeds chronically hungry children in Winston-Salem/Forsyth County schools.
Leadership
David Ajamy · Operations Director · $26K
Money in and out
$205K revenue, $249K expenses
Bottom line
93% program efficiency

Feeds chronically hungry children in Winston-Salem/Forsyth County schools. For fiscal year 2023 it reported $205K in revenue, $249K in expenses, and $296K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$205K
Pt VIII · Ln 12
Total expenses
$249K
Pt IX · Ln 25
Net assets
$296K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$45K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.06 Fundraising $0.02
Program efficiency
93%
of spending reaches programs
Operating runway
14.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-22%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$205K
FY2023▲ +104%
Expenses
$249K
FY2023▲ +51%
Total assets
$296K
FY2023▼ -13%
Total liabilities
$0
FY2023
Total revenue
$205K
Pt VIII · Ln 12
Total expenses
$249K
Pt IX · Ln 25
Net assets
$296K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$45K
Total assetsPt X · Ln 16$296K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $231K of program spending, described in the organization's own filed words · FY2022.
01

School Programs

FBP provided weekend meals to children in need in Winston Salem Forsyth County schools during the 2022-23 school term. Current school programs include: Ashley Cook Forest park Gibson Hanes Jefferson Kimberly Park Konnoak Middle Fork Mineral Springs Union Cross and Southeast Middle.

$231Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CForsyth Backpack Program
EINHdr · item D46-1940233
Principal addressHdr · item CWinstonsalem, NC
WebsiteHdr · item Jwww.forsythbackpackprogram.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFood & Agriculture (K30)
Ruling yearIRS BMFAug 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
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 · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Operations Director
$26,186Pt VII · Sec A
Executive Director
$9,561Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer CFO
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A

Daisy Rodriguez’s $18K as Executive Director is at the 19th percentile of top reported officer pay among 1173 $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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023
Daisy Rodriguez$18,343$30,160$9,561
David Ajamy$15,129$21,429$26,186
Heather Mikeal$4,941

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$200K · 98%
Investment income$5K · 2%
Contributions & grants98%$200K
Investment income2%$5K
Total revenueLn 12$205K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.06 Fundraising $0.02
Program services93%$231K
Management & general6%$14K
Fundraising2%$4K
Total functional expensesLn 25$249K

Balance Sheet

Part X · end of year
CashLn 1$144K
Total assetsLn 16$296K
Total liabilitiesLn 26$0
Total net assetsLn 32$296K
Months of cash on handcomputed6.9

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $296K · Operating expenses/yr $249K
14.3 months
Where the money goes
Program services
Program services $231K · Total expenses $249K
93%
Management & General
Management & general $14K · Total expenses $249K
6%
Fundraising
Fundraising $4K · Total expenses $249K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $122K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $200K · Total revenue $205K
98%
Government reliance
Government grants $0 · Total revenue $205K
0%
Earned-income share
Program service revenue $0 · Total revenue $205K
0%
Investment reliance
Investment income $5K · Total revenue $205K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $249K
0%
Growth & trend
Revenue growth (YoY)
This year $205K · Prior year $100K
+104%
Net-asset trend (YoY)
End of year $296K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $205K · Expenses $249K
-22%
Liabilities-to-Assets
Total liabilities — · Total assets $296K
Net-asset ratio
Net assets $296K · Total assets $296K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $152K · Total assets (Pt X, ln 16) $296K
51%
People & payroll
Highest Reported Total Compensation
Individual David Ajamy · Reported title Operations Director · Highest reported compensation $26K · Total expenses $249K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $38K · Total expenses $249K
15%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 6%
Fundraising cost ratio 2%
Revenue growth 104%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
Fundraising fee ratio 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 · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$25K

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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)$153K revenue · ⤓ 990 PDF
FY2024$193K revenue · ⤓ 990 PDF
FY2023$205K revenue · viewing · ⤓ 990 PDF
FY2022$100K revenue · ⤓ 990 PDF
FY2021$75K revenue · ⤓ 990 PDF
FY2020$242K 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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