Corner Table INC EIN 94-3418768

Corner Table INC FY2022 filing

EIN  94-3418768 Public charity (501(c)(3)) Newton, NC
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 9/13/26 · see original filing: IRS
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Size
$1–10M
What they do
Serves meals with compassion and dignity to community members facing hunger.
Leadership
Kim Bolick · Secretary
Money in and out
$670K revenue, $465K expenses
Bottom line
67% program efficiency

Serves meals with compassion and dignity to community members facing hunger. For fiscal year 2022 it reported $670K in revenue, $465K in expenses, and $1.6M in net assets.Pt I

Where the money goes · FY2022
Total revenue
$670K
Pt VIII · Ln 12
Total expenses
$465K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $205K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.22 Fundraising $0.10
Program efficiency
67%
of spending reaches programs
Operating runway
29.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+31%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$670K
FY2022▼ -9%
Expenses
$465K
FY2022▼ -7%
Total assets
$1.6M
FY2022▼ -3%
Total liabilities
$5K
FY2022▼ -97%
Total revenue
$670K
Pt VIII · Ln 12
Total expenses
$465K
Pt IX · Ln 25
Net assets
$1.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$205K
Total assetsPt X · Ln 16$1.6M
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418
Mission & Programs · Part III

Where the work happens

1 program service account for $379K of program spending, described in the organization's own filed words · FY2022.
01

The Corner Table provides meals with compassion, respect, and dignity to those in our community affected by hunger.

$379Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCorner Table INC
EINHdr · item D94-3418768
Principal addressHdr · item CNewton, 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 BMFUnclassified (Z99)
Ruling yearIRS BMFMay 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
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
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Asst Treasurer
$0Pt VII · Sec A

Summer Lee Jenkins’s $84K as Director is at the 17th percentile of top reported officer pay among 461 $1–10M unclassified nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2021
Summer Lee Jenkins$83,683$65,685

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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Statement of Revenue

Part VIII
Contributions & grants$444K · 66%
Other revenue$226K · 34%
Contributions & grants66%$444K
Other revenue34%$226K
Total revenueLn 12$670K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.22 Fundraising $0.10
Program services67%$313K
Management & general22%$104K
Fundraising10%$47K
Total functional expensesLn 25$465K

Balance Sheet

Part X · end of year
CashLn 1$1.1M
Total assetsLn 16$1.6M
Total liabilitiesLn 26$5K
Total net assetsLn 32$1.6M
Months of cash on handcomputed29.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.1M · Operating expenses/yr $465K
29.6 months
Where the money goes
Program services
Program services $313K · Total expenses $465K
67%
Management & General
Management & general $104K · Total expenses $465K
22%
Fundraising
Fundraising $47K · Total expenses $465K
10%
Cost to raise $1
Fundraising expense (3-yr avg) $42K · Solicited contributions (3-yr avg) $415K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $444K · Total revenue $670K
66%
Government reliance
Government grants — · Total revenue $670K
Earned-income share
Program service revenue $0 · Total revenue $670K
0%
Investment reliance
Investment income $-66K · Total revenue $670K
-10%
Program self-sufficiency
Program service revenue $0 · Total expenses $465K
0%
Growth & trend
Revenue growth (YoY)
This year $670K · Prior year $736K
-9%
Net-asset trend (YoY)
End of year $1.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $670K · Expenses $465K
+31%
Liabilities-to-Assets
Total liabilities — · Total assets $1.6M
Net-asset ratio
Net assets $1.6M · Total assets $1.6M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.6M
0%
People & payroll
Highest Reported Total Compensation
Individual Kim Bolick · Reported title Secretary · Highest reported compensation $0 · Total expenses $465K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $189K · Total expenses $465K
41%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 67%
Overhead ratio 22%
Fundraising cost ratio 11%
Revenue growth -9%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
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
See all 8 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)$1.8M revenue · ⤓ 990 PDF
FY2023$738K revenue · ⤓ 990 PDF
FY2022$670K revenue · viewing · ⤓ 990 PDF
FY2021$736K revenue · ⤓ 990 PDF
FY2020$627K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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