Nonprofit · EIN 85-2733560
RIPE FOR REVIVAL
Tax-exempt · ROCKY MOUNT, NC 27804
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,420,535 | $1,281,751 | $138,784 | $501,904 | $14,494 | $487,410 |
| December 31, 2023 | 990 | $913,350 | $830,289 | $83,061 | $356,260 | $7,635 | $348,625 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,337,883
- of which government grants
- $25,000
- Program service revenue
- $78,035
- Investment income
- $4,617
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $142,407
- Other salaries and wages
- $400,242
- Salaries, compensation and benefits (total)
- $587,856
- Professional fundraising fees
- $0
- Accounting fees
- $7,502
- Occupancy
- $35,650
- Travel
- $1,329
- Depreciation
- $154,626
- Program services (functional)
- $1,261,391
- Management and general (functional)
- $14,540
- Fundraising (functional)
- $5,820
Balance sheet and other
- Total assets, start of year
- $356,260
- Total assets, end of year
- $501,904
- Total liabilities, end of year
- $14,494
- Net assets, end of year
- $487,410
- Land, buildings and equipment
- $109,132
- Net assets without donor restrictions
- $460,910
- Net assets with donor restrictions
- $26,500
- Gross receipts
- $1,420,535
- Employees
- 24
- Year formed
- 2021
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARA COX | DIRECTOR Officer | 40 | $82,407 |
| WILL KORNEGAY | PRESIDENT Officer | 20 | $60,000 |
| R TREY BRASWELL | BOARD MEMBER Trustee or director | – | $0 |
| DAYTON HARTMAN | BOARD MEMBER Trustee or director | – | $0 |
| NELSON LONG | BOARD MEMBER Trustee or director | – | $0 |
| BILLY MCDANIEL | BOARD MEMBER Trustee or director | – | $0 |
| PEYTON MCDANIEL | BOARD MEMBER Trustee or director | – | $0 |
| DERRICK VICK | BOARD MEMBER Trustee or director | – | $0 |
| MICHELLE GRAINGER | VICE- PRESID Officer | – | $0 |
| ROBERT KORNEGAY JR | SECRETARY Officer | – | $0 |
| REBECCA PARKS | TREASURER Officer | – | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARA COX | DIRECTOR Officer | 40 | $80,000 |
| WILL KORNEGAY | PRESIDENT Officer | 20 | $60,000 |
| R TREY BRASWELL | BOARD MEMBER Trustee or director | – | $0 |
| MICHELLE GRAINGER | BOARD MEMBER Trustee or director | – | $0 |
| ROGER HARRIS | BOARD MEMBER Trustee or director | – | $0 |
| DAYTON HARTMAN | BOARD MEMBER Trustee or director | – | $0 |
| REV RICHARD JOYNER | BOARD MEMBER Trustee or director | – | $0 |
| ROBERT KORNEGAY JR | BOARD MEMBER Trustee or director | – | $0 |
| ERIN KORNEGAY | BOAD MEMBER Trustee or director | – | $0 |
| BILLY MCDANIEL | BOARD MEMBER Trustee or director | – | $0 |
| PEYTON MCDANIEL | BOARD MEMBER Trustee or director | – | $0 |
| BEN TUGWELL | BOAD MEMBER Trustee or director | – | $0 |
| LEMANUAL WILLIAM | BOARD MEMBER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 161 ENGLISH RD, ROCKY MOUNT, NC 27804-8206
- Principal officer (990 for 2024)
- WILL KORNEGAY, 161 ENGLISH ROAD, ROCKY MOUNT, NC 27804
- Signed the 990
- WILL KORNEGAY, PRESIDENT
- Phone
- (252) 567-8305
- Return prepared by
- OVERMAN & PARKS CPAS PA
Mission
RIPE FOR REVIVAL'S PURPOSE IS TO MAKE A POSITIVE IMPACT FROM THE FARM, TO THE CONSUMER AND BEYOND BY WORKING DIRECTLY WITH LOCAL AND REGIONAL FARMERS AND FOOD PRODUCERS TO RECEIVE AGRICULTURAL COMMODITIES AND/ OR FOOD PRODUCT, WITH THE INTENT TO DISTIRBUTE MEALS DIRECTLY TO THOSE IN NEED THROUGHOUT THE COMMUNITY IN THE STATE OF NORTH CAROLINA AND BEYOND.
Program accomplishments
- PROVIDE FRESH PRODUCE AND OTHER FARM COMMODITIES TO THOSE IN NEED.Expenses $1,261,391
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-2733560
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Food, agriculture and nutrition (K30)
- Assets (IRS master file)
- $501,904
- Income (IRS master file)
- $1,420,535
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,420,535 | $1,281,751 | $501,904 | IRS |
| 990 | December 2023 | $913,350 | $830,289 | $356,260 | IRS |
| 990 | December 2022 | $539,336 | $321,932 | $269,937 | IRS |
| 990-EZ | December 2021 | – | – | – | 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 85-2733560).
Questions about RIPE FOR REVIVAL
- What is the EIN of RIPE FOR REVIVAL?
- The employer identification number (EIN) of RIPE FOR REVIVAL is 85-2733560.
- Is RIPE FOR REVIVAL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to RIPE FOR REVIVAL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RIPE FOR REVIVAL 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 RIPE FOR REVIVAL due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RIPE FOR REVIVAL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of RIPE FOR REVIVAL?
- The 990 for the year ended December 31, 2024 names WILL KORNEGAY.
- Who are the officers and directors of RIPE FOR REVIVAL?
- The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $82,407 (KARA COX, DIRECTOR).
- How much revenue does RIPE FOR REVIVAL have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,420,535, expenses of $1,281,751 and total assets of $501,904 at year end.
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