Heartland Food Reservoir Inc
- Assets
- $453.1k
- Revenue
- $239.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Sebring, FL
- Founding
- 05/2007
- Data as of
- 12/2023
- EIN
- 20-8234466
Organization Overview
Heartland Food Reservoir Inc is located in Sebring, FL. The organization was established in 2007. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, Heartland Food Reservoir Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartland Food Reservoir 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 12/2023, Heartland Food Reservoir Inc generated $239.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $295.5k during the year ending 12/2023. While expenses have increased by 14.3% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TEAMS TOGETHER WITH THE LOCAL COMMUNITY TO HELP END HUNGER IN THE HIGHLANDS COUNTY AREA. H/F/R (OPERATING AS THE HEARTLAND FOOD BANK), ACCUMULATES AND STORES QUALITY FOOD SO IT CAN BE RE-DISTRIBUTED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GATHER, SORT, WAREHOUSE/STORAGE AND DISPENSE TO CERTIFIED COMMUNITY ORGANIZATIONS THE SUPPLIES OF FOOD AND OTHER RESOURCES FROM AVAILABLE SOURCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Mcneilley Executive Director | 45 | $63,423 | |
Dean Harloff Director | Trustee | 3 | $0 |
Gaylin Thomas Director | Trustee | 2 | $0 |
Don Childress Director | Trustee | 20 | $0 |
Caroline Duncan Director | Trustee | 2 | $0 |
Dennis Griffin Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,160 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $143,458 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,618 |
| Total Program Service Revenue | $95,058 |
| Investment income | $138 |
| 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 | $239,814 |
| 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 | $155,584 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,433 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,418 |
| Office expenses | $1,265 |
| Information technology | $7,647 |
| Royalties | $0 |
| Occupancy | $36,859 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,272 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,522 |
| Insurance | $17,084 |
| All other expenses | $4,696 |
| Total functional expenses | $295,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,905 |
| Savings and temporary cash investments | $142,317 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $563 |
| 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 | $288,273 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $453,058 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $470 |
| 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 | $54,967 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,864 |
| Total liabilities | $59,301 |
| Net assets without donor restrictions | $393,757 |
| 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 | $453,058 |