Freestore-Foodbank Inc
- Assets
- $43.7m
- Revenue
- $84.7m
- Investments
- $298.5k
- Employees
- 141
- Location
- Cincinnati, OH
- Founding
- 12/1971
- Data as of
- 06/2021
- EIN
- 23-7122205
Organization Overview
Freestore-Foodbank Inc is located in Cincinnati, OH. The organization was established in 1971. 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 06/2021, Freestore-Foodbank Inc employed 141 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freestore-Foodbank 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 06/2021, Freestore-Foodbank Inc generated $84.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $79.2m during the year ending 06/2021. While expenses have increased by 5.0% 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.
Since 2018, Freestore-Foodbank Inc has awarded 77 individual grants totaling $12,903,275. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE LIVES BY ELIMINATING HUNGER IN PARTNERSHIP WITH OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREESTORE FOODBANK HAS SERVED OUR NEIGHBORS IN NEED FOR 50 YEARS, STARTING IN CINCINNATI, OHIO AND EXPANDING TO A 20-COUNTY REGION IN OHIO, KENTUCKY AND INDIANA. THE MISSION OF FREESTORE FOODBANK IS TO IMPROVE LIVES BY ELIMINATING HUNGER IN PARTNERSHIP WITH OUR COMMUNITY. OUR VISION IS A HUNGER-FREE, HEALTHY, AND THRIVING COMMUNITY. TO ACHIEVE THIS VISION, OUR OBJECTIVES ARE TO PROVIDE NUTRITIOUS FOOD, CONNECT FAMILIES TO SUPPORTIVE SERVICES AND ENSURE HOPE THROUGH PATHWAYS FROM CRISIS TO STABILITY. THE MAJORITY OF THE ORGANIZATION'S REVENUE COMES FROM FOOD AND PRODUCT DONATIONS (NON-CASH CONTRIBUTIONS). FINANCIAL CONTRIBUTIONS ARE OBTAINED TO SUPPORT OUR PROGRAMS AND SERVICES WITH THE GOAL OF ELIMINATING FOOD INSECURITY IN OUR REGION. FREESTORE FOODBANK SUPPLIED OVER 41.6 MILLION MEALS IN THE 2021 FISCAL YEAR, HELPING TO SERVE THE 280,000 FOOD INSECURE INDIVIDUALS IN OUR REGION (ACCORDING TO FEEDING AMERICA'S COVID-19 PROJECTIONS). A TRUSTED NETWORK OF MORE THAN 570 COMMUNITY PARTNERS HELPS FREESTORE FOODBANK TO DISTRIBUTE EMERGENCY FOOD AND OTHER SOCIAL SERVICES. MEMBER AGENCIES INCLUDE: SOUP KITCHENS, SHELTERS, FOOD PANTRIES, CHURCHES, DAYCARE CENTERS, SENIOR CENTERS, SCHOOL PROGRAM SITES AND OTHER COMMUNITY AND SOCIAL SERVICE ORGANIZATIONS. TOGETHER, WE CAN SOLVE HUNGER!
LOCATED IN CINCINNATI'S OVER-THE-RHINE, FREESTORE FOODBANK'S CUSTOMER CONNECTION CENTER AND LIBERTY STREET MARKET MEET THE NEEDS OF OUR COMMUNITY'S MOST VULNERABLE NEIGHBORS, INCLUDING THOSE WHO ARE HOMELESS OR UNEMPLOYED, AS WELL AS THE WORKING POOR AND FAMILIES IN CRISIS. EMERGENCY FOOD ASSISTANCE, SERVING APPROXIMATELY 200 INDIVIDUALS EACH DAY WAS DISTRIBUTED FROM THE LIBERTY STREET MARKET DURING THE 2021 FISCAL YEAR, HELPING TO FEED LOCAL FAMILIES IN NEED. FREESTORE FOODBANK WORKS DAILY TO ADDRESS NOT ONLY THE ISSUE OF HUNGER, BUT ALSO OFFERS SERVICES AIMED AT CREATING STABILITY AND SELF-SUFFICIENCY IN THE AREAS OF HOUSING, TRANSPORTATION, CLOTHING, BENEFITS ENROLLMENT, FINANCIAL MANAGEMENT AND JOB ASSISTANCE.
FREESTORE FOODBANK HAS SERVED OUR NEIGHBORS IN NEED FOR 50 YEARS, STARTING IN CINCINNATI, OHIO AND EXPANDING TO A 20-COUNTY REGION IN OHIO, KENTUCKY AND INDIANA. THE MISSION OF FREESTORE FOODBANK IS TO IMPROVE LIVES BY ELIMINATING HUNGER IN PARTNERSHIP WITH OUR COMMUNITY. OUR VISION IS A HUNGER-FREE, HEALTHY, AND THRIVING COMMUNITY. TO ACHIEVE THIS VISION, OUR OBJECTIVES ARE TO PROVIDE NUTRITIOUS FOOD, CONNECT FAMILIES TO SUPPORTIVE SERVICES AND ENSURE HOPE THROUGH PATHWAYS FROM CRISIS TO STABILITY. THE MAJORITY OF THE ORGANIZATION'S REVENUE COMES FROM FOOD AND PRODUCT DONATIONS (NON-CASH CONTRIBUTIONS). FINANCIAL CONTRIBUTIONS ARE OBTAINED TO SUPPORT OUR PROGRAMS AND SERVICES WITH THE GOAL OF ELIMINATING FOOD INSECURITY IN OUR REGION. FREESTORE FOODBANK SUPPLIED OVER 41.6 MILLION MEALS IN THE 2021 FISCAL YEAR, HELPING TO SERVE THE 280,000 FOOD INSECURE INDIVIDUALS IN OUR REGION (ACCORDING TO FEEDING AMERICA'S COVID-19 PROJECTIONS). A TRUSTED NETWORK OF MORE THAN 570 COMMUNITY PARTNERS HELPS FREESTORE FOODBANK TO DISTRIBUTE EMERGENCY FOOD AND OTHER SOCIAL SERVICES. MEMBER AGENCIES INCLUDE: SOUP KITCHENS, SHELTERS, FOOD PANTRIES, CHURCHES, DAYCARE CENTERS, SENIOR CENTERS, SCHOOL PROGRAM SITES AND OTHER COMMUNITY AND SOCIAL SERVICE ORGANIZATIONS. TOGETHER, WE CAN SOLVE HUNGER!
LOCATED IN CINCINNATI'S OVER-THE-RHINE, FREESTORE FOODBANK'S CUSTOMER CONNECTION CENTER AND LIBERTY STREET MARKET MEET THE NEEDS OF OUR COMMUNITY'S MOST VULNERABLE NEIGHBORS, INCLUDING THOSE WHO ARE HOMELESS OR UNEMPLOYED, AS WELL AS THE WORKING POOR AND FAMILIES IN CRISIS. EMERGENCY FOOD ASSISTANCE, SERVING APPROXIMATELY 200 INDIVIDUALS EACH DAY WAS DISTRIBUTED FROM THE LIBERTY STREET MARKET DURING THE 2021 FISCAL YEAR, HELPING TO FEED LOCAL FAMILIES IN NEED. FREESTORE FOODBANK WORKS DAILY TO ADDRESS NOT ONLY THE ISSUE OF HUNGER, BUT ALSO OFFERS SERVICES AIMED AT CREATING STABILITY AND SELF-SUFFICIENCY IN THE AREAS OF HOUSING, TRANSPORTATION, CLOTHING, BENEFITS ENROLLMENT, FINANCIAL MANAGEMENT AND JOB ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Reiber President/chief Executive | Officer | 40 | $268,021 |
Timothy Weidner Chief Financial Officer | Officer | 40 | $208,924 |
Trisha Rayner Chief Development Officer | Officer | 40 | $180,724 |
Valarie Boykins VP Of Hr | Officer | 40 | $152,202 |
Anthony Lavatori Director Of Workforce Development | 40 | $103,872 | |
Ramon Rodriguez Immediate Past Board Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
One & All Inc Consulting | 6/29/21 | $644,949 |
Ignite Philanthropy Consulting | 6/29/21 | $202,408 |
Charity Dynamics Llc Direct Mail | 6/29/21 | $137,964 |
Great American Merchandise & Events (Gam Rental | 6/29/21 | $117,004 |
Truckway Leasing & Rental Fleet Maintenance & Repairs | 6/29/21 | $100,728 |
One & All Inc Consulting | 6/29/21 | $644,949 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $275,763 |
| Membership dues | $0 |
| Fundraising events | $599,182 |
| Related organizations | $953,094 |
| Government grants | $22,556,711 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,172,146 |
| Noncash contributions included in lines 1a–1f | $49,336,130 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,556,896 |
| Total Program Service Revenue | $794,033 |
| Investment income | $1,924 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,215 |
| Net Income from Fundraising Events | $366,849 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,720,917 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,150,889 |
| 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. | $873,332 |
| Compensation of current officers, directors, key employees. | $276,017 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,680,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,291,763 |
| Payroll taxes | $549,883 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,335 |
| Fees for services: Accounting | $33,972 |
| Fees for services: Lobbying | $11,020 |
| Fees for services: Fundraising | $985,321 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $388,541 |
| Advertising and promotion | $91,271 |
| Office expenses | $170,988 |
| Information technology | $333,774 |
| Royalties | $0 |
| Occupancy | $1,189,444 |
| Travel | $36,999 |
| 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 | $326,887 |
| Insurance | $62,438 |
| All other expenses | $821,100 |
| Total functional expenses | $79,235,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,474 |
| Savings and temporary cash investments | $16,101,910 |
| Pledges and grants receivable | $15,219,436 |
| Accounts receivable, net | $975,824 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,029,007 |
| Prepaid expenses and deferred charges | $112,605 |
| Net Land, buildings, and equipment | $6,903,254 |
| Investments—publicly traded securities | $2,962 |
| Investments—other securities | $298,452 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,249 |
| Total assets | $43,700,173 |
| Accounts payable and accrued expenses | $2,570,897 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,334,041 |
| 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 | $3,904,938 |
| Net assets without donor restrictions | $11,204,715 |
| Net assets with donor restrictions | $28,590,520 |
| 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 | $43,700,173 |
Grants Awarded
Over the last fiscal year, Freestore-Foodbank Inc has awarded $12,301,774 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
Cincinnati, OH PURPOSE: BUILD CAPACITY TO DISTRIBUTE FOOD | $6,000,000 |
Cincinnati, OH PURPOSE: BUILD CAPACITY TO DISTRIBUTE FOOD | $6,000,000 |
Cincinnati, OH PURPOSE: BUILD CAPACITY TO DISTRIBUTE FOOD | $21,134 |
Cincinnati, OH PURPOSE: BUILD CAPACITY TO DISTRIBUTE FOOD | $21,134 |
Mount Orab, OH PURPOSE: BUILD CAPACITY TO DISTRIBUTE FOOD | $16,768 |
Mount Orab, OH PURPOSE: BUILD CAPACITY TO DISTRIBUTE FOOD | $16,768 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Freestore-Foodbank Inc has recieved totaling $133,261.
| Awarding Organization | Amount |
|---|---|
The Society Of Saint Andrew Inc Big Island, VA PURPOSE: TO PROVIDE NOURISHMENT TO HUNGRY NEIGHBORS | $89,661 |
George And Mary Jo Budig Family Foundation Fort Mitchell, KY PURPOSE: GENERAL OPERATIONS | $15,000 |
Peter And Mary Levin Family Foundation Cincinnati, OH PURPOSE: SUPPORT ONGOING OPERATIONS | $10,000 |
John G Hancock Charitable Tr Richmond, VT PURPOSE: DONATION | $10,000 |
Owens & Minor Foundation Mechanicsville, VA PURPOSE: THE PROGRAM IS PRIMARILY FOR ELEMENTARY SCHOOLS, AND WORKS BEST FOR CHILDREN IN GRADES K-5, BASED ON PREVIOUS SCHOOL YEARS. THE ITEMS INCLUDED IN THE PACKS ARE CHOSEN BASED ON THE PREFERENCES AND DIETARY NEEDS OF THIS AGE GROUP. THE PROGRAM IS OPEN TO STUDENTS OF ALL RACES, RELIGIONS AND BACKGROUNDS WHOSE HOUSEHOLDS WOULD BE CONSIDERED LOW TO MODERATE INCOME. WE ARE FOCUSED ON SERVING SCHOOLS WITH THE HIGHEST NEED. ELIGIBILITY FOR A SCHOOL TO PARTICIPATE AS A SITE IS BASED ON THE PERCENTAGE OF ITS STUDENTS QUALIFIED FOR FREE/REDUCED-PRICE (F/R) SCHOOL MEALS: 70% FOR URBAN SCHOOLS AND 50% FOR RURAL OR SUBURBAN SCHOOLS. | $5,000 |
Charles M Grant Foundation Cincinnati, OH PURPOSE: DONATION | $2,000 |
Endowment Analysis
| Beg. Balance | $12,597,024 |
| Earnings | $2,552,601 |
| Admin Expense | $59,313 |
| Net Contributions | $6,995,945 |
| Other Expense | $954,594 |
| Ending Balance | $21,131,663 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gleaners Food Bank Of Indiana Inc Indianapolis, IN | $57,600,145 | $186,505,461 |
Foodbank Council Of Michigan Inc Lansing, MI | $6,936,316 | $165,817,709 |
Mid-Ohio Foodbank Grove City, OH | $66,739,553 | $150,715,504 |
Central Pennsylvania Food Bank Harrisburg, PA | $41,756,494 | $105,777,464 |
Greater Cleveland Food Bank Inc Cleveland, OH | $99,360,232 | $158,496,466 |
Gleaners Community Food Bank Of Southeastern Michigan Detroit, MI | $35,933,919 | $120,810,438 |
Philabundance Philadelphia, PA | $62,856,979 | $111,938,565 |
Forgotten Harvest Inc Oak Park, MI | $66,875,011 | $91,679,704 |
Food Bank Of Eastern Michigan Inc Flint, MI | $43,208,303 | $106,664,807 |
Freestore-Foodbank Inc Cincinnati, OH | $43,700,173 | $84,720,917 |
Greater Pittsburgh Community Food Bank Duquesne, PA | $60,747,557 | $86,169,867 |
Gods Pantry Food Bank Inc Lexington, KY | $29,295,834 | $63,304,764 |