Plenty INC

Floyd, VA · Public charity (501(c)(3)) · Food & Agriculture

✓ Tax-deductible Latest data FY2025
Revenue
$792K
▼ -13% vs prior year
Spent
$776K
To programs
81%
Net assets
$755K

Form 990 for the fiscal year ending December 2025 (IRS tax year 2025).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Foundation funders?
6 funders, incl. Mightycause Charitable Foundation
$111K in the latest grant year.
Spent on programs?
81% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↓ -13% vs prior year
Legal name (IRS)Hdr · item CPlenty INC
EINHdr · item D46-4356623
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 2015
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CFloyd, VA
NTEE classificationIRS BMFFood & Agriculture (K31)
WebsiteHdr · item Jwww.plentylocal.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.19 Fundraising $0.00
Program services81%$631K
Management & general19%$145K
Fundraising$772
Total functional expensesLn 25$776K

Financial health

Revenue & expenses by yearFY2019–FY2025
Revenue
$792K
FY2025▼ -13%
Expenses
$776K
FY2025▼ -9%
Program efficiency
81%
of spending reaches programs▼ -10% vs prior filing year
Operating runway
11.7mo
months of highly liquid reserves at operating expense rate▼ -2% vs prior filing year
Surplus margin
+2%
revenue over expenses, this year▼ -69% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$762K
FY2025▲ +2%
Total liabilities
$7K
FY2025▼ -36%
Revenue less expensesPt I · Ln 19$16K
Total assetsPt X · Ln 16$762K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$242K
Total assetsLn 16$762K
Total liabilitiesLn 26$7K
Total net assetsLn 32$755K
Months of cash on handcomputed3.7

Statement of Revenue

Part VIII
Contributions & grants$777K · 98%
Investment income$9K · 1%
Other revenue$7K · 1%
Contributions & grants98%$777K
Investment income1%$9K
Other revenue1%$7K
Total revenueLn 12$792K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $300K · Operating expenses (Pt IX) $776K · Less non-cash grants $469K · Cash operating expenses/yr $307K
11.7 months
Where the money goes
Program services
Program services $631K · Total expenses $776K
81%
Management & General
Management & general $145K · Total expenses $776K
19%
Fundraising
Fundraising $772 · Total expenses $776K
0.10%
Cost to raise $1
Fundraising expense (3-yr avg) $651 · Solicited contributions (3-yr avg) $886K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $777K · Total revenue $792K
98%
Government reliance
Government grants — · Total revenue $792K
—
Earned-income share
Program service revenue $0 · Total revenue $792K
0%
Investment reliance
Investment income $9K · Total revenue $792K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $776K
0%
Growth & trend
Revenue growth (YoY)
This year $792K · Prior year $916K
-13%
Revenue CAGR
FY2019 $538K · FY2025 $792K
+7%
Net-asset trend (YoY)
End of year $755K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $792K · Expenses $776K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $762K
—
Net-asset ratio
Net assets $755K · Total assets $762K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $58K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $762K
8%
People & payroll
Highest Reported Total Compensation
Individual Tom Schaefer · Reported title Board Member · Highest reported compensation $0 · Total expenses $776K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $197K · Total expenses $776K
25%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%——
Overhead ratio 19%——
Fundraising cost ratio 0.10%——
Revenue growth -13%——
Accounting fee ratio 0.8%——

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.

Leadership and pay

Officers, Directors & Key Employees

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

Nancy Tome’s $40K as Executive Director is at the 40th 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 · 3 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Kerry Ackerson——$24,231$47,654
Nancy Tome$40,487$45,000$23,365—
Shannon N Hardwicke$3,231———

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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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 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

Mission and programs

Grows and shares food to nourish neighbors and fight hunger in Floyd County.

Provided by the organization

This section is blank until Plenty INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $631K of program spending, described in the organization's own filed words · FY2025.
01

Plenty is building community and providing food to hungry people through the operation of a local food bank and local food delivery. The organization also provides free community meals. The organization operates a farm used as an educational opportunity for local schools.

$631Kprogram expense

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Funders

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $792K$776K-13% 990 PDF
FY2024 $916K$856K-6% 990 PDF
FY2023 $976K$1.0M+33% 990 PDF
FY2022 $735K$670K+17% 990 PDF
FY2021 $631K$575K-11% 990 PDF
FY2020 $709K$522K+32% 990 PDF
FY2019 $538K$559K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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