Macon County Care Network EIN 58-1813122 Form 990 (PDF) Claim this org

Macon County Care Network

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Provides food and hope to neighbors facing hardship. For fiscal year 2024 it reported $344K in revenue, $328K in expenses, and $599K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Franklin, NC
Website
www.maconcarenet.org
Filings
5 on file (2020–2024)
Revenue
$344KFY2024
Expenses
$328K
Net assets
$599K
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  58-1813122 Public charity (501(c)(3)) Franklin, NC
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides food and hope to neighbors facing hardship.
Leadership
Timothy Hogsed · Executive Director · $49K
Money in and out
$344K revenue, $328K expenses
Bottom line
85% program efficiency
Where the money goes · FY2024
Total revenue
$344K
Pt VIII · Ln 12
Total expenses
$328K
Pt IX · Ln 25
Net assets
$599K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $16K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.15
Program efficiency
85%
of spending reaches programs+0.4% vs prior filing year
Operating runway
10.4mo
months of highly liquid reserves at operating expense rate▲ +33% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▲ +209% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$344K
FY2024▼ -3%
Expenses
$328K
FY2024▼ -11%
Total assets
$603K
FY2024▲ +3%
Total liabilities
$4K
FY2024▲ +44%
Total revenue
$344K
Pt VIII · Ln 12
Total expenses
$328K
Pt IX · Ln 25
Net assets
$599K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$16K
Total assetsPt X · Ln 16$603K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMacon County Care Network
EINHdr · item D58-1813122
Principal addressHdr · item CFranklin, NC
WebsiteHdr · item Jwww.maconcarenet.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFSep 1989

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
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
Executive Director
$48,660Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Vice Board Chair
$0Pt VII · Sec A
Treasure
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Timothy Hogsed$48,660$47,167
Tim Hogsed$44,655$44,492$43,200

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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Mission & Programs · Part III

Where the work happens

1 program service account for $280K of program spending, described in the organization's own filed words · FY2024.
01

Macon county care network has 2 main programs that provide supplemental food for the residents of macon county: the backpack program: is a food resource for children identified as food insecure for over the weekend when they might not get a meal. The food pantry: is a supplemental food resource for low income families and the homeless.

$280Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants111%$383K
Investment income$60
Total revenueLn 12$344K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.15
Program services85%$280K
Management & general15%$48K
Total functional expensesLn 25$328K

Balance Sheet

Part X · end of year
CashLn 1$286K
Total assetsLn 16$603K
Total liabilitiesLn 26$4K
Total net assetsLn 32$599K
Months of cash on handcomputed10.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $286K · Operating expenses/yr $328K
10.4 months
Where the money goes
Program services
Program services $280K · Total expenses $328K
85%
Management & General
Management & general $48K · Total expenses $328K
15%
Fundraising
Fundraising $0 · Total expenses $328K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $4K · Solicited contributions (3-yr avg) $396K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $383K · Total revenue $344K
111%
Government reliance
Government grants — · Total revenue $344K
Earned-income share
Program service revenue $0 · Total revenue $344K
0%
Investment reliance
Investment income $60 · Total revenue $344K
+0.02%
Program self-sufficiency
Program service revenue $0 · Total expenses $328K
0%
Growth & trend
Revenue growth (YoY)
This year $344K · Prior year $355K
-3%
Revenue CAGR
FY2020 $520K · FY2024 $344K
-10%
Net-asset trend (YoY)
End of year $599K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $344K · Expenses $328K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $603K
Net-asset ratio
Net assets $599K · Total assets $603K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $603K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Timothy Hogsed · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $49K · Total expenses $328K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $126K · Total expenses $328K
38%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 15%
Fundraising cost ratio 0%
Revenue growth -3%
Accounting fee ratio 1%

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
See all 9 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)$344K revenue · viewing · ⤓ 990 PDF
FY2023$355K revenue · ⤓ 990 PDF
FY2022$391K revenue · ⤓ 990 PDF
FY2021$443K revenue · ⤓ 990 PDF
FY2020$520K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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