Macon County Care Network FY2020 filing

Franklin, NC · Public charity (501(c)(3))

✓ Tax-deductible
Revenue
$520K
Spent
$521K
To programs
88%
Net assets
$535K
By yearFY2020–FY2024
Revenue
$520K
FY2020
Revenue by fiscal year
FY2020$520K
FY2021$443K
FY2022$391K
FY2023$355K
FY2024$344K
Expenses
$521K
FY2020
Expenses by fiscal year
FY2020$521K
FY2021$401K
FY2022$370K
FY2023$370K
FY2024$328K
Net assets
$535K
FY2020
Net assets by fiscal year
FY2020$535K
FY2021$577K
FY2022$598K
FY2023$583K
FY2024$599K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

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?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CMacon County Care Network
EINHdr · item D58-1813122
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 1989
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CFranklin, NC
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.maconcarenet.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.09 Fundraising $0.03
Program services88%$459K
Management & general9%$47K
Fundraising3%$15K
Total functional expensesLn 25$521K

Financial health

Is it on solid ground?

Program efficiency
88%
of spending reaches programs
Operating runway
6.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-0.1%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$655K
FY2020
Total assets by fiscal year
FY2020$655K
FY2021$631K
FY2022$601K
FY2023$586K
FY2024$603K
Total liabilities
$119K
FY2020
Total liabilities by fiscal year
FY2020$119K
FY2021$54K
FY2022$3K
FY2023$3K
FY2024$4K
Revenue less expensesPt I · Ln 19−$570
Total assetsPt X · Ln 16$655K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Balance Sheet

Part X · end of year
CashLn 1$281K
Total assetsLn 16$655K
Total liabilitiesLn 26$119K
Total net assetsLn 32$535K
Months of cash on handcomputed6.5

Statement of Revenue

Part VIII
Contributions & grants$471K · 90%
Other revenue$49K · 9%
Contributions & grants90%$471K
Other revenue9%$49K
Investment income$202
— government grantsLn 1e$2K
Total revenueLn 12$520K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $281K · Operating expenses/yr $521K
6.5 months
Where the money goes
Program services
Program services $459K · Total expenses $521K
88%
Management & General
Management & general $47K · Total expenses $521K
9%
Fundraising
Fundraising $15K · Total expenses $521K
3%
Cost to raise $1
Fundraising expense $15K · Solicited contributions $469K
$0.03 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $471K · Total revenue $520K
90%
Government reliance
Government grants $2K · Total revenue $520K
0.5%
Earned-income share
Program service revenue $0 · Total revenue $520K
0%
Investment reliance
Investment income $202 · Total revenue $520K
+0.04%
Program self-sufficiency
Program service revenue $0 · Total expenses $521K
0%
Growth & trend
Revenue growth (YoY)
This year $520K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $535K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $520K · Expenses $521K
-0.1%
Liabilities-to-Assets
Total liabilities — · Total assets $655K
—
Net-asset ratio
Net assets $535K · Total assets $655K
82%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $655K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tim Hogsed · Reported title Executive Director · Highest reported compensation $43K · Total expenses $521K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $230K · Total expenses $521K
44%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%——
Overhead ratio 9%——
Fundraising cost ratio 3%——
Accounting fee ratio 1%——
Fundraising fee ratio 0.5%——

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

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$43,200Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$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.

See Macon County Care Network executive salaries →

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Governance & Policies

Part VI
  • 13Voting board membersPt VI · Ln 1a
  • 13Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides food and hope to neighbors facing hardship.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $459K of program spending, described in the organization's own filed words · FY2020.
01

Macon County Care Network has 2 main programs in 2020 that provide supplemental food for the residents of Macon County: The BackPack Program, and the Food Pantry are vital programs that serve children and families who are food insecure.

$459Kprogram expense
02

The Food Pantry

The Food Pantry is a supplemental food resource for low-income families and the homeless. Qualified individuals are able to shop in the food pantry to help supplement their nutritional needs. During the calendar year of 2020 the food pantry distributed 512,586 pounds of food to 8,039 housholds-in-need in Macon County.

Pt IX · col B

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 9 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $344K$328K-3% 990 PDF
FY2023 $355K$370K-9% 990 PDF
FY2022 $391K$370K-12% 990 PDF
FY2021 $443K$401K-15% 990 PDF
FY2020 Viewing $520K$521K 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) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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