Nonprofit · EIN 82-3487527
BAGS OF HOPE
Tax-exempt · CORNELIUS, NC 28031
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $251,949 | $382,539 | -$130,590 | $352,621 | $13,701 | $338,920 |
| December 31, 2023 | 990 | $541,481 | $587,104 | -$45,623 | $473,760 | $21,588 | $452,172 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $245,092
- of which government grants
- $39,000
- Program service revenue
- $0
- Investment income
- $5,873
- Other revenue
- $984
Expenses
- Grants and similar amounts paid
- $278,946
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $33,293
- Salaries, compensation and benefits (total)
- $36,193
- Professional fundraising fees
- $0
- Accounting fees
- $9,778
- Travel
- $889
- Depreciation
- $4,071
- Program services (functional)
- $347,695
- Management and general (functional)
- $33,364
- Fundraising (functional)
- $1,480
Balance sheet and other
- Total assets, start of year
- $473,760
- Total assets, end of year
- $352,621
- Total liabilities, end of year
- $13,701
- Net assets, end of year
- $338,920
- Land, buildings and equipment
- $30,757
- Net assets without donor restrictions
- $338,920
- Gross receipts
- $251,949
- Employees
- 1
- Year formed
- 2017
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASHLEY NYDISH | PRESIDENT Trustee or director, Officer | 20 | $0 |
| ADAM PENNETTI | VICE PRESIDENT Trustee or director, Officer | 10 | $0 |
| FRANK LOGANO | TREASURER Trustee or director, Officer | 10 | $0 |
| LUCIA MODIA | SECRETARY Trustee or director, Officer | 2 | $0 |
| ASHLEY FAZAL | BOARD MEMBER Trustee or director | 5 | $0 |
| STACY O'RORKE | BOARD MEMBER Trustee or director | 5 | $0 |
| JEFF HOLMES | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSH BILLIG | BOARD MEMBER Trustee or director | 1 | $0 |
| MATT DAWSON | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASHLEY NYDISH | PRESIDENT Trustee or director, Officer | 20 | $0 |
| ADAM PENNETTI | VP Trustee or director, Officer | 10 | $0 |
| FRANK LOGANO | TREASURER Trustee or director, Officer | 10 | $0 |
| LUCIA MODIA | SECRETARY Trustee or director, Officer | 2 | $0 |
| ASHLEY FAZAL | BOARD MEMBER Trustee or director | 5 | $0 |
| STACY O'ROUKE | BOARD MEMBER Trustee or director | 5 | $0 |
| JEFF HOLMES | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSH BILLIG | BOARD MEMBER Trustee or director | 1 | $0 |
| MATT DAWSON | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 10308 BAILEY ROAD, CORNELIUS, NC 28031-9425
- In care of
- % ASHLEY NYDISH
- Principal officer (990 for 2024)
- ASHLEY NYDISH, 13703 HAGERS FERRY ROAD, HUNTERSVILLE, NC 28078
- Signed the 990
- ASHLEY NYDISH, PRESIDENT
- Phone
- (704) 577-2470
- Return prepared by
- Daniel J Feyka CPA PC
Mission
Bags of Hope seeks to bring hope to the Lake Norman and North Charlotte, NC, area by supplying free weekend food provisions to schoolchildren who experience food insecurity.
Program accomplishments
- Backpack program - distribution of weekend food bags and long-break/holiday grocery store gift cards. Distributed to school children in Charlotte, NC, metro area who experience food insecurity. Over 700 children served weekly during the school year at 33 local schools.Expenses $347,695 · revenue $245,091
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 82-3487527
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Food, agriculture and nutrition (K30)
- Assets (IRS master file)
- $352,621
- Income (IRS master file)
- $251,949
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $251,949 | $382,539 | $352,621 | IRS |
| 990 | December 2023 | $541,481 | $587,104 | $473,760 | XML |
| 990 | December 2022 | $477,440 | $410,709 | $586,711 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-3487527).
Questions about BAGS OF HOPE
- What is the EIN of BAGS OF HOPE?
- The employer identification number (EIN) of BAGS OF HOPE is 82-3487527.
- Is BAGS OF HOPE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to BAGS OF HOPE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BAGS OF HOPE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BAGS OF HOPE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BAGS OF HOPE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of BAGS OF HOPE?
- The 990 for the year ended June 30, 2024 names ASHLEY NYDISH.
- Who are the officers and directors of BAGS OF HOPE?
- The 990 for the year ended June 30, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does BAGS OF HOPE have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $251,949, expenses of $382,539 and total assets of $352,621 at year end.
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All nonprofits in CORNELIUS · North Carolina · Food, agriculture and nutrition