Puyallup Food Bank
- Assets
- $3.8m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 10
- Location
- Puyallup, WA
- Founding
- 03/1973
- Data as of
- 12/2022
- EIN
- 23-7259739
Organization Overview
Puyallup Food Bank is located in Puyallup, WA. The organization was established in 1973. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2022, Puyallup Food Bank employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Puyallup Food Bank 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, Puyallup Food Bank generated $6.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $6.0m during the year ending 12/2022. While expenses have increased by 7.0% 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
WE ARE PASSIONATE ABOUT MEETING THE URGENT NEEDS OF OUR NEIGHBORS AND PARTNERING TO ASSIST THEM, BELIEVING FOOD IS THE FIRST STEP ON THEIR JOURNEY TO A MORE HOPEFUL FUTURE!
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FOOD AND NON-FOOD HOUSEHOLD SUPPLIES AND PERSONAL HYGIENE ITEMS TO THOSE IN NEED IN THE PUYALLUP, WASHINGTON AREA. DURING 2022 WE SERVED 17,500 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Madden Chair | OfficerTrustee | 5 | $0 |
Al Culver Vice Chair | OfficerTrustee | 5 | $0 |
Sara Schmitz Treasurer/secretary | OfficerTrustee | 5 | $0 |
Andrew Farmer Board Member | Trustee | 2 | $0 |
Kristi Kosbab Board Member | Trustee | 2 | $0 |
Nichole Thacker Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $80,947 |
| Related organizations | $0 |
| Government grants | $312,021 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,526,147 |
| Noncash contributions included in lines 1a–1f | $5,030,847 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,919,115 |
| Total Program Service Revenue | $0 |
| Investment income | $1,863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $571,624 |
| Net Income from Fundraising Events | -$27,163 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,468,319 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,079,296 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,799 |
| Compensation of current officers, directors, key employees. | $11,739 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $361,664 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,476 |
| Payroll taxes | $37,999 |
| Fees for services: Management | $28,602 |
| Fees for services: Legal | $1,968 |
| Fees for services: Accounting | $6,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,315 |
| Office expenses | $36,600 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,104 |
| Travel | $2,018 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,600 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,836 |
| Insurance | $26,080 |
| All other expenses | $4,767 |
| Total functional expenses | $5,982,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,178 |
| Savings and temporary cash investments | $1,505,913 |
| 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 | $217,077 |
| Prepaid expenses and deferred charges | $1,000 |
| Net Land, buildings, and equipment | $1,911,452 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,845,620 |
| Accounts payable and accrued expenses | $13,384 |
| 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 | $948,740 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $962,124 |
| Net assets without donor restrictions | $2,828,924 |
| Net assets with donor restrictions | $54,572 |
| 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 | $3,845,620 |