Asheville Independent Restaurant Foundation Inc

Nonprofit profile at a glance

EIN
993711045
IRS 990 coverage
2024–2024
Forms available
Form 990 2024
Location
Asheville, NC, USA
Phone
8287771183
Rating confidence
Limited
Sector
Single Organization Support

Reported finances

Revenue
$0
Expenses
$0
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

People named in this filing

  • ELIZABETH BUTTON (CHAIR)
  • ANTHONY CERRATO (SECRETARY/TR)
  • JOHN FLEER (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission for which the corporation is organized is to engage in all lawful activities for which nonprofit corporations may be engaged pursuant to North Carolina's nonprofit corporation act, n.c.g.s. Section 55a-3-01. The corporation will be organized and operated exclusively for educational, charitable, scientific, and literary purposes within the meaning of section 501(c)(3) of the internal revenue code of 1986, and as amended thereafter, and as a supporting organization as described in section 509(a)(3) of the code.

What it reported doing in 2024

1. Raising of funds from government agencies and other nonprofits to support the mission of the corporation and the supported organization. A. Applying for grants and awards b. Volunteers, including a volunteer executive director and board members, conduct the activity. C. Activity conducted in asheville nc. D. 60% of total time allocated to this activity. E. Funding comes from the grants and awards received through this activity as well as public donations. 30% of overall expenses allocated to this activity. F. This activity shall provide funding to support the supported organization and programs that advance its mission as described in part iii, 4a of this return. 2. Raising of funds from the public to support the mission of the corporation and the supported organization. A. Hosting of events, fundraisers, and soliciting donations from the public through electronic communications. B. Volunteers, including a volunteer executive director and board members, conduct the activity. C. Activity conducted in asheville nc. D. 10% of total time allocated to this activity. E. Funding comes from public donations. 30% of overall expenses are allocated to this activity. F. This activity shall provide funding to support the supported organization and programs that advance its mission as described in part iii, 4a of this return. 3. Disbursement of funds in support of the mission of the corporation and the support organization. A. Providing funding to the supported organization, granting funds to other nonprofit organizations with aligning missions, developing and administering programs and events for the benefit of the supported organization, its members, and the asheville restaurant community. B. Volunteers, including a volunteer executive director, and board members, conduct this activity. C. Activity conducted in asheville nc. D. 20% of total time is allocated to this activity. E. Funding comes from grants and awards recceived through this activity as well as public donations. 20% of overall expenses are allocated to this activity. F. This activity keeps the corporation in compliance with goverment requirements and running smoothily so that it is able to deote additional time and resources towards the furtherance of its exempt purpose.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 72
  • Accountability: 54
  • Sustainability: NotEnoughData
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 80%; rating input score 80; 2nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 71.4%; rating input score 71; 23rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 10 of 14 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 14 people listed
  • Consistency: 7 of 8 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.