TOTAL REVENUE - FISCAL 2025
$15,766,845
Down 10.9% from $17,699,839 in fiscal 2024.
Food Bank Of The Albemarle
Elizabeth City, North Carolina - EIN 56-1341658 - Latest filing: fiscal 2025 (Jul 1, 2024 - Jun 30, 2025)
HOW TO READ THIS PAGE
How to read this page: every figure below is from the fiscal-2025 Form 990, filed May 13, 2026. People named below are shown as reported on the fiscal-2025 Form 990, filed May 13, 2026 - the filing is a snapshot of that fiscal year, not a list of current officeholders.
THE FILING IN ONE PARAGRAPH
Food Bank Of The Albemarle reported $15,766,845 in revenue and $16,016,469 in expenses in fiscal 2025, a deficit of $249,624 for the year. Program services took $15,042,358 of expenses, or 93.9%. The organization closed the year with $10,308,095 in net assets - about 7.7 months of expenses at the fiscal-2025 spending level.
At a Glance - Fiscal 2025
All values are fiscal 2025 unless a tile says otherwise.
TOTAL EXPENSES - FISCAL 2025
$16,016,469
Revenue minus expenses: -$249,624 in fiscal 2025.
PROGRAM EXPENSE SHARE - FISCAL 2025
93.9%
$15,042,358 of $16,016,469 went to program services.
NET ASSETS - END OF FISCAL 2025
$10,308,095
Total assets $10,955,467 minus total liabilities $647,372.
TOP EXECUTIVE PAY - FISCAL 2025
$114,253
Elizabeth Reasoner, Executive Di, as reported on the fiscal-2025 Form 990, filed May 13, 2026. Total across all compensation columns.
PEOPLE REPORTED - FISCAL 2025
65 Employees
Plus 886 volunteers reported on the fiscal-2025 Form 990.
Money In, Money Out - Fiscal 2025
Revenue and expenses as reported on the fiscal-2025 Form 990, filed May 13, 2026. Donated goods are separated from cash so food and supply donations do not read as cash income.
Where the Money Went - Fiscal 2025
Management and general is the figure reported on the filing (Part IX total); where a filing does not carry it, it is computed as the residual of total expenses minus program and fundraising expenses. Cost to raise a dollar in fiscal 2025: $0.03 - $500,991 in fundraising expenses divided by $14,881,129 in total contributions. On cash contributions only: $0.10.
Where the Money Came From - Fiscal 2025
| Source | Fiscal 2025 |
|---|---|
| Total Contributions | $14,881,129 |
| Of Which Cash Contributions | $4,786,086 |
| Of Which Donated Goods (Noncash) | $10,095,043 |
| Government Grants | $5,880,477 |
| All Other Contributions | $9,000,652 |
| Program Service Revenue | $567,421 |
| Investment Income | $318,295 |
| Other Revenue | $0 |
| Total Revenue (All Sources) | $15,766,845 |
Donated Goods Are a Large Share Here
For this organization, donated goods were $10,095,043 of $14,881,129 in contributions in fiscal 2025 - a large share of reported contributions is goods valued in dollars, not cash. The cash and noncash split is shown above, and any cost-to-raise-a-dollar figure is shown both ways.
Reserves and Balance Sheet - Fiscal 2025
Reserves and Runway
7.7 Months
of reserves - $10,308,095 in net assets at the end of fiscal 2025, divided by average monthly expenses of about $1,334,705 in fiscal 2025.
Net assets can include donor-restricted funds, buildings and other assets that cannot be spent like cash. Treat months of reserves as a scale measure, not as cash in the bank.
Balance Sheet - End of Fiscal 2025
| Total Assets | $10,955,467 |
| Total Liabilities | $647,372 |
| Liabilities as Share of Assets | 5.9% |
| Net Assets | $10,308,095 |
Leadership Pay - Fiscal 2025
Pay is the summed total across all compensation columns on the Form 990 - pay from the organization, pay from related organizations, and other compensation. People are shown as reported on the fiscal-2025 Form 990, filed May 13, 2026.
| Name and Title, as Reported | Total Pay - Fiscal 2025 | Share of Expenses |
|---|---|---|
| Elizabeth Reasoner - Executive Di | $114,253 | 0.71% |
The full Part VII table lists every officer, director, trustee and key employee named on the filing, with hours and the same summed total. Compensation is reported for the calendar year ending within the fiscal year, per the Form 990.
Board and Governance - Fiscal 2025
Board and policy answers as reported on the fiscal-2025 Form 990, filed May 13, 2026.
Board Roster - as Reported on the Fiscal-2025 Form 990
14 voting members, 14 independent - independence count as reported on the fiscal-2025 Form 990.
| Name, as Reported | Role, as Reported |
|---|---|
| Elizabeth Reasoner | Executive Di |
| Kahla Hall | President |
| Jennifer Purcell | Vice Preside |
| Randi Camaiore | Secretary |
| Doug Gardner | Treasurer |
| Will Meiggs | Director |
| Jason Wheelbarger | Director |
| M Peebles Harrison | Director |
| Amy Alcocer | Director |
| Deborah Malenfant | Director |
| Rosemary L Smith | Director |
| Christie Hamilton | Director |
| Oliver Holley | Director |
| David Gariss | Director |
| Dj Kophazy | Director |
| Hannah Anderson | Director |
| Donald Bowling | Director |
| Nichole Lewis | Director |
| Kelly Taylor Herr | Director |
| Sara W Foreman | Director |
Governance Policy Flags - Fiscal 2025
Conflict of Interest PolicyYes - Reported
Whistleblower PolicyYes - Reported
Document Retention PolicyYes - Reported
Audited Financial StatementsYes - Reported
Audit CommitteeYes - Reported
Board Size and Independence14 voting / 14 independent
Flags report what the organization answered on the Form 990. A Yes means the policy was reported on the filing; it is not an outside review of how the policy works in practice.
Grants - Fiscal 2025
Grants Made - Fiscal 2025
This organization reported $181,217 in grants paid in fiscal 2025.
Trend - Revenue
Years are shown only where a filing is held. Missing years are absent, never filled in.
| Fiscal Year | Revenue | Change |
|---|---|---|
| Fiscal 2024 (Prior-Year Column on the Fiscal-2025 Filing) | $17,699,839 | - |
| Fiscal 2025 | $15,766,845 | -10.9% |
This table grows to a 10-year view (revenue, expenses, net assets and top pay) as earlier filings for this organization are added to the record. Missing years are absent, never filled in.
Filings on Record
| Tax Period | Form | Status | Source |
|---|---|---|---|
| Jul 1, 2024 - Jun 30, 2025 | Form 990 | In Force - Filed May 13, 2026 | Original Filing at the IRS |
If an amended return is filed, the newest amended return supersedes the earlier one and the table marks which filing is in force.