Carrolls Kitchen INC EIN 47-4715833 Form 990 (PDF) Claim this org

Carrolls Kitchen INC FY2020 filing

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Empowers women from crisis by offering healthy employment in a social enterprise kitchen. For fiscal year 2020 it reported $418K in revenue, $412K in expenses, and $49K in net assets.Pt I

Type
Public charity (501(c)(3)) · Employment
Location
Raleigh, NC
Filings
5 on file (2020–2020)
Revenue
$418KFY2020
Expenses
$412K
Net assets
$49K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-4715833 Public charity (501(c)(3)) Raleigh, NC
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Empowers women from crisis by offering healthy employment in a social enterprise kitchen.
Leadership
Jim Freeze · Board Member
Money in and out
$418K revenue, $412K expenses
Bottom line
62% program efficiency
Where the money goes · FY2020
Total revenue
$418K
Pt VIII · Ln 12
Total expenses
$412K
Pt IX · Ln 25
Net assets
$49K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $7K
Where spending went · Part IX cols B–D
Program services $0.62 Management & general $0.38
Program efficiency
62%
of spending reaches programs
Operating runway
7.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$418K
FY2020
Expenses
$412K
FY2020
Total assets
$380K
FY2020
Total liabilities
$331K
FY2020
Total revenue
$418K
Pt VIII · Ln 12
Total expenses
$412K
Pt IX · Ln 25
Net assets
$49K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$7K
Total assetsPt X · Ln 16$380K
Program-expense ratioPt IX · col B62%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 41

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCarrolls Kitchen INC
EINHdr · item D47-4715833
Principal addressHdr · item CRaleigh, NC
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J20)
Ruling yearIRS BMFMar 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b1
Conflict-of-interest policyPt VI · Ln 12aYes
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
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $241K of program spending, described in the organization's own filed words · FY2020.
01

Carroll's Kitchen has provided job training services and life skills training from 2016 - 2020 for 24 homeless unemployed women in Raleigh NC. In addition to employment housing and transportation assistance is offered to help meet the immediate needs of women in the program.

$241Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$279K · 67%
Contributions & grants$139K · 33%
Program service revenue67%$279K
Contributions & grants33%$139K
Investment income$9
Total revenueLn 12$418K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.62 Management & general $0.38
Program services62%$255K
Management & general38%$157K
Total functional expensesLn 25$412K

Balance Sheet

Part X · end of year
CashLn 1$248K
Total assetsLn 16$380K
Total liabilitiesLn 26$331K
Total net assetsLn 32$49K
Months of cash on handcomputed7.2

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $248K · Operating expenses/yr $412K
7.2 months
Where the money goes
Program services
Program services $255K · Total expenses $412K
62%
Management & General
Management & general $157K · Total expenses $412K
38%
Fundraising
Fundraising $0 · Total expenses $412K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $139K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $139K · Total revenue $418K
33%
Government reliance
Government grants $0 · Total revenue $418K
0%
Earned-income share
Program service revenue $279K · Total revenue $418K
67%
Investment reliance
Investment income $9 · Total revenue $418K
<0.01%
Program self-sufficiency
Program service revenue $279K · Total expenses $412K
68%
Growth & trend
Revenue growth (YoY)
This year $418K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $49K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $418K · Expenses $412K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $380K
Net-asset ratio
Net assets $49K · Total assets $380K
13%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $380K
0%
People & payroll
Highest Reported Total Compensation
Individual Jim Freeze · Reported title Board Member · Highest reported compensation $0 · Total expenses $412K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $179K · Total expenses $412K
44%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 62%
Overhead ratio 38%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.8%
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 · FY2024
Total grants receivedfrom 3 funders$33K
See all 3 funders →

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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)$613K revenue · ⤓ 990 PDF
FY2023$748K revenue · ⤓ 990 PDF
FY2022$721K revenue · ⤓ 990 PDF
FY2021$643K revenue · ⤓ 990 PDF
FY2020$418K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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