Snac EIN 46-5629799

Snac FY2021 filing

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Provides emergency aid for household bills and hotel/restaurant vouchers to families with hungry children. For fiscal year 2021 it reported $10K in revenue, $28K in expenses, and $60K in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Florence, SC
Website
www.snacsc.com
Filings
4 on file (2020–2021)
Revenue
$10KFY2021
Expenses
$28K
Net assets
$60K
People
8
Filings
4
Updates
0
More identity details & actions ⌄
EIN  46-5629799 Public charity (501(c)(3)) Florence, SC
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →
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Size
<$100K
What they do
Provides emergency aid for household bills and hotel/restaurant vouchers to families with hungry children.
Leadership
Laura Ballenger · Member
Money in and out
$10K revenue, $28K expenses
Bottom line
96% program efficiency
Where the money goes · FY2021
Total revenue
$10K
Pt VIII · Ln 12
Total expenses
$28K
Pt IX · Ln 25
Net assets
$60K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$18K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs
Operating runway
25.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-176%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$10K
FY2021▼ -87%
Expenses
$28K
FY2021▼ -43%
Total assets
$60K
FY2021▼ -23%
Total liabilities
$0
FY2021
Total revenue
$10K
Pt VIII · Ln 12
Total expenses
$28K
Pt IX · Ln 25
Net assets
$60K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$18K
Total assetsPt X · Ln 16$60K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $27K of program spending, described in the organization's own filed words · FY2021.
01

To provide financial aid or HOTEL/RESTAURANT vouchers in emergency situations for families in florence school district one.

$27Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSnac
EINHdr · item D46-5629799
Principal addressHdr · item CFlorence, SC
WebsiteHdr · item Jwww.snacsc.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L40)
Ruling yearIRS BMFOct 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$10K
Total revenueLn 12$10K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$27K
Management & general4%$1K
Total functional expensesLn 25$28K

Balance Sheet

Part X · end of year
CashLn 1$60K
Total assetsLn 16$60K
Total liabilitiesLn 26$0
Total net assetsLn 32$60K
Months of cash on handcomputed25.8

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $60K · Operating expenses/yr $28K
25.8 months
Where the money goes
Program services
Program services $27K · Total expenses $28K
96%
Management & General
Management & general $1K · Total expenses $28K
4%
Fundraising
Fundraising $0 · Total expenses $28K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $44K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $10K · Total revenue $10K
100%
Government reliance
Government grants — · Total revenue $10K
Earned-income share
Program service revenue $0 · Total revenue $10K
0%
Investment reliance
Investment income $0 · Total revenue $10K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $28K
0%
Growth & trend
Revenue growth (YoY)
This year $10K · Prior year $77K
-87%
Net-asset trend (YoY)
End of year $60K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $10K · Expenses $28K
-176%
Liabilities-to-Assets
Total liabilities — · Total assets $60K
Net-asset ratio
Net assets $60K · Total assets $60K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $60K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Laura Ballenger · Reported title MEMBER · Highest reported compensation $0 · Total expenses $28K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $28K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth -87%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$10K
Grants paid · 1 grant · $20K · 2020–2020
House of Hope of the Pee DeeSC · FY2020$20,000

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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
FY2023 (Latest)$9K revenue · ⤓ 990 PDF
FY2022$14K revenue · ⤓ 990 PDF
FY2021$10K revenue · viewing · ⤓ 990 PDF
FY2020$77K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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