Hanover Area Food Shelf Inc
- Assets
- $507.1k
- Revenue
- $234.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Hanover, MN
- Founding
- 02/2005
- Data as of
- 12/2022
- EIN
- 20-1952371
Organization Overview
Hanover Area Food Shelf Inc is located in Hanover, MN. The organization was established in 2005. 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. As of 12/2022, Hanover Area Food Shelf Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hanover Area Food Shelf 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 12/2022, Hanover Area Food Shelf Inc generated $234.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $232.4k during the year ending 12/2022. While expenses have increased by 6.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AID OF FOOD AND SUNDRY ITEMS TO NEEDY FAMILIES IN THE LOCAL AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AID OF FOOD AND SUNDRY ITEMS TO NEEDY FAMALIES IN THE LOCAR AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karan Thompson Treasurer | Officer | 20 | $5,280 |
Helen Skutley Director | Officer | 20 | $4,646 |
Deborah Bishop Secretary | Officer | 20 | $0 |
Stephanie Duda President | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $234,117 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $234,117 |
| Total Program Service Revenue | $0 |
| Investment income | $804 |
| 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 | $234,921 |
| 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. | $9,926 |
| 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 | $759 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,750 |
| 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 | $2,714 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,025 |
| 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 | $0 |
| Insurance | $55 |
| All other expenses | $0 |
| Total functional expenses | $232,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $422,495 |
| Savings and temporary cash investments | $84,579 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $507,074 |
| 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 | $0 |
| 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 | $507,074 |
| Total liabilities and net assets/fund balances | $507,074 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Hanover Area Food Shelf Inc has recieved totaling $22,995.
| Awarding Organization | Amount |
|---|---|
International Association Of Lions Clubs Albertville, MN PURPOSE: FUNDING FOR FOOD AND CLOTHING FOR THE DISADVANTAGED | $13,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $8,375 |
Graco Foundation Minneapolis, MN PURPOSE: GIFT MATCHING | $920 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: MATCHING EMPLOYEE DONATION | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Second Harvest Foodbank Of Southern Wisconsin Madison, WI | $26,296,276 | $43,990,829 |
River Bend Food Reservoir Davenport, IA | $24,095,771 | $42,604,149 |
Great Plains Food Bank Fargo, ND | $16,072,644 | $44,237,483 |
Food Bank Of Iowa Des Moines, IA | $30,639,112 | $46,724,130 |
Feeding South Dakota Sioux Falls, SD | $24,678,313 | $28,354,516 |
Channel One Inc Rochester, MN | $10,900,527 | $23,904,084 |
Northeast Iowa Food Bank Inc Waterloo, IA | $13,006,987 | $17,224,102 |
The Food Group Minnesota Inc New Hope, MN | $6,821,261 | $14,957,380 |
Second Harvest North Central Food Bank Inc Grand Rapids, MN | $4,978,294 | $11,898,743 |
North Country Food Bank Inc East Grand Forks, MN | $6,467,483 | $10,779,461 |
River Food Pantry Madison, WI | $3,265,959 | $11,088,833 |
Pauls Pantry Inc Green Bay, WI | $11,786,788 | $9,425,789 |