Linn Community Food Bank Inc
- Assets
- $585.7k
- Revenue
- $248.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 10/2003
- Data as of
- 12/2021
- EIN
- 20-0076420
Organization Overview
Linn Community Food Bank Inc is located in Cedar Rapids, IA. The organization was established in 2003. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Linn Community Food Bank Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Linn Community Food Bank Inc generated $248.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $89.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OBTAIN AND PROVIDE EMERGENCY FOOD PROVISIONS TO THOSE IN NEED IN THE LINN COUNTY, IA AREA - SUPPLYING 3 DAYS WORTH OF GROCERIES TO THOSE WHO QUALIFY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021 LINN COMMUNITY FOOD BANK SERVED 14,500 INDIVIDUALS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Ryal Director - Food Drive Team | Trustee | 4 | $0 |
Mary Uthe Director - Finance Team | Trustee | 4 | $0 |
Cheryl Moe Director - Communications | Trustee | 5 | $0 |
Cheryl Stramel Director - 1st Presbyterian L | Trustee | 8 | $0 |
Brenda Valenta Director - Finance Team | Trustee | 3 | $0 |
Ron Malick Director - Purchase Team | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $247,044 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,044 |
| Total Program Service Revenue | $0 |
| Investment income | $1,828 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $248,872 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,898 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,300 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,034 |
| Insurance | $3,194 |
| All other expenses | $0 |
| Total functional expenses | $89,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $577,540 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,137 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $585,677 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $585,677 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $585,677 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Linn Community Food Bank Inc has recieved totaling $182,280.
| Awarding Organization | Amount |
|---|---|
Hawkeye Area Community Action Program Inc Hiawatha, IA PURPOSE: FEED THOSE IN NEED | $145,711 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $16,898 |
Second Step Foundation Minneapolis, MN PURPOSE: PROGRAM SUPPORT | $10,000 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA PURPOSE: GENERAL SUPPORT, AREA OF MOST NEED, ANNUAL DESIGNATED DISTRIBUTION | $6,501 |
John P And Lawrence J Giacoletto Foundation Marion, IA PURPOSE: COVID 19 PANTRY ASSISTANCE | $2,500 |
Alliant Energy Foundation Inc Madison, WI PURPOSE: MATCHING GIFTS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pauls Pantry Inc Green Bay, WI | $11,786,788 | $9,425,789 |
Heart Ministry Center Inc Omaha, NE | $7,524,049 | $8,339,552 |
Christian Cupboard Emergency Food Shelf Oakdale, MN | $2,243,771 | $8,416,140 |
Second Harvest Northern Lakes Food Bank Duluth, MN | $13,546,559 | $7,764,335 |
Every Meal Roseville, MN | $3,501,075 | $6,310,521 |
The Open Door Eagan, MN | $2,507,363 | $7,321,202 |
Food Bank Of Siouxland Inc Sioux City, IA | $3,758,082 | $6,894,598 |
Food For Greater Elgin Inc Elgin, IL | $809,425 | $6,152,504 |
Feeding Wisconsin Inc Madison, WI | $2,927,232 | $5,776,785 |
Aurora Area Interfaith Food Pantry Aurora, IL | $2,031,218 | $4,633,922 |
Food Pantry Of Waukesha County Inc Waukesha, WI | $2,255,252 | $4,828,697 |
Saving Grace Perishable Food Rescue Inc Omaha, NE | $1,608,103 | $3,708,182 |