C2life Foundation EIN 85-1065378 Form 990 (PDF) Claim this org

C2life Foundation

Not yet claimed Claim this org →

Fights hunger and chronic disease caused by poor nutrition. For fiscal year 2024 it reported $599K in revenue, $497K in expenses, and $626K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Morganton, NC
Website
www.c2life.org
Filings
4 on file (2021–2024)
Revenue
$599KFY2024
Expenses
$497K
Net assets
$626K
People
5
Filings
4
Updates
0
More identity details & actions ⌄
EIN  85-1065378 Public charity (501(c)(3)) Morganton, NC
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until C2life Foundation claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Fights hunger and chronic disease caused by poor nutrition.
Leadership
Chasity Poteat Rice · CEO/Founder · $37K
Money in and out
$599K revenue, $497K expenses
Bottom line
98% program efficiency
Where the money goes · FY2024
Total revenue
$599K
Pt VIII · Ln 12
Total expenses
$497K
Pt IX · Ln 25
Net assets
$626K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $102K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
6.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+17%
revenue over expenses, this year▼ -76% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$599K
FY2024▼ -13%
Expenses
$497K
FY2024▲ +153%
Total assets
$808K
FY2024▲ +31%
Total liabilities
$182K
FY2024▲ +93%
Revenue less expensesPt I · Ln 19$102K
Total assetsPt X · Ln 16$808K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CC2life Foundation
EINHdr · item D85-1065378
Principal addressHdr · item CMorganton, NC
WebsiteHdr · item Jwww.c2life.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFAug 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
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
$37,484Pt VII · Sec A
Vice Chair/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Chasity Poteat Rice$37,484$35,260

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 C2life Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

3 program services account for $487K of program spending, described in the organization's own filed words · FY2024.
01

Nc-hop (healty opportunities pilot) eligible managed medicaid participants can receive services at no cost to them to support needs related to food, housing, transportation, personal safety and healthy relationships. C2LIFE foundation supports hop participants by providing healthy and medically tailored meals weekly.

$459Kprogram expense
02

C2LIFE has a marketing and supply agreement with pritikin icr (intensive cardiac rehab), supplying medically tailored meals for a three state cardiac rehab study in NC, mi, & TN.

$18Kprogram expense
03

Thrive

Food is medicine offers a 6-WEEK lifestyle medicine program providing daily education, plant-based nutrition, coaching and group support to those who are ready to make lifestyle changes.

$11Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Program service revenue$358K · 60%
Contributions & grants$223K · 37%
Other revenue$19K · 3%
Program service revenue60%$358K
Contributions & grants37%$223K
Other revenue3%$19K
Total revenueLn 12$599K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$487K
Management & general2%$10K
Total functional expensesLn 25$497K

Balance Sheet

Part X · end of year
CashLn 1$274K
Total assetsLn 16$808K
Total liabilitiesLn 26$182K
Total net assetsLn 32$626K
Months of cash on handcomputed6.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $274K · Operating expenses/yr $497K
6.6 months
Where the money goes
Program services
Program services $487K · Total expenses $497K
98%
Management & General
Management & general $10K · Total expenses $497K
2%
Fundraising
Fundraising $0 · Total expenses $497K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $381K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $223K · Total revenue $599K
37%
Government reliance
Government grants — · Total revenue $599K
Earned-income share
Program service revenue $358K · Total revenue $599K
60%
Investment reliance
Investment income $0 · Total revenue $599K
0%
Program self-sufficiency
Program service revenue $358K · Total expenses $497K
72%
Growth & trend
Revenue growth (YoY)
This year $599K · Prior year $688K
-13%
Net-asset trend (YoY)
End of year $626K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $599K · Expenses $497K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $808K
Net-asset ratio
Net assets $626K · Total assets $808K
78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $808K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Chasity Poteat Rice · Reported title CEO/FOUNDER · Highest reported compensation $37K · Total expenses $497K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $37K · Total expenses $497K
7%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth -13%
Accounting fee ratio 0.7%

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
Impact HealthFY2024$269K
Total grants receivedfrom 3 funders$289K
See all 3 funders →

Similar Organizations

Closest in mission — by what they do
See all organizations like C2life Foundation →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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)$599K revenue · viewing · ⤓ 990 PDF
FY2023$688K revenue · ⤓ 990 PDF
FY2022$114K revenue · ⤓ 990 PDF
FY2021$71K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

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

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.