Food Bank of Central & Eastern North Carolina
Legal name: Food Bank of Central & Eastern Nc Inc
Nonprofit profile at a glance
- EIN
- 561283426
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024
- Location
- Raleigh, NC, USA
- Phone
- (919) 875-0707
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Food Banks, Pantries
Reported finances
- Revenue
- $247,244,979
- Expenses
- $249,412,020
- Assets
- $106,385,358
- Liabilities
- $8,478,995
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
35 people listed
Executive titles in this filing
- MICKEY HOLT (INTERIM CO-CEO (7/15/24-1/26/25))
- CHARLES HALE (INTERIM CO-CEO (TO 1/26/25) & COO)
- AMY BEROS (PRESIDENT & CEO (1/27/25-6/30/25))
- ASHLEY MCCUMBER (FORMER CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- ASHLEY MCCUMBER (FORMER CHIEF EXECUTIVE OFFICER): $319,648 total reported compensation
- MICKEY HOLT (INTERIM CO-CEO (7/15/24-1/26/25)): $297,723 total reported compensation
- CHARLES HALE (INTERIM CO-CEO (TO 1/26/25) & COO): $247,453 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Together, we nourish people facing hunger with healthy, culturally familiar, and versatile foods. We build and support solutions to reduce poverty throughout the region. And we help connect communities to address hunger at its roots through outreach, advocacy, and organizing for long-term change.
What it reported doing in 2024
Last fiscal year, the food bank of central & eastern North Carolina distributed upwards of 95 million meals worth of food to approximately 700 partner agencies across central and eastern nc. This distribution would not have been possible without our dedicated and compassionate community of staff, volunteers, donors, advocates, and corporate partners. For more than 40 years, this is how we've helped nourish thousands of our neighbors including individuals, families, children, and seniors.
Operating model
- Revenue model
- Donor-supported. 79% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 89% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 84
- Accountability: 100
- Sustainability: 34
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.6%; rating input score 97
- Program expense ratio: 95.7%; rating input score 96
- Fundraising efficiency: $41.63 raised per $1 spent on fundraising; rating input score 72; 72nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.4%; rating input score 94; 31st percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 89.6%; rating input score 90; 22nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.9%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 0.43; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 85; 85th percentile among comparable filings
- Officer compensation ratio: 1%; rating input score 75; 75th percentile among comparable filings
Growth
- Program expense growth: 8.6% per year; rating input score 100; 68th percentile among comparable filings
- Revenue growth: 8.6% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 18.5% per year; rating input score 100; 91st percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 7 operating locations identified
- Where the money goes: 96.6% of revenue deployed · 95.7% of spending went to programs
- Governance: 22 of 22 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $238.8M in reported program spending
- Leadership: top reported pay $320K · 35 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $8.3M reported
- Consistency: 42 of 43 current checks pass · 1 finding to review
- Schedules: 10 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 807 filed money-flow records
- Related organizations: 519 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 23/100.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.