Blessings In A Backpack Inc
- Assets
- $11.5m
- Revenue
- $14.4m
- Investments
- $0.0
- Employees
- 50
- Location
- Louisville, KY
- Founding
- 12/2008
- Data as of
- 06/2024
- EIN
- 26-1964620
Organization Overview
Blessings In A Backpack Inc is located in Louisville, KY. The organization was established in 2008. 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 06/2024, Blessings In A Backpack Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blessings In A Backpack 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 06/2024, Blessings In A Backpack Inc generated $14.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $15.6m during the year ending 06/2024. While expenses have increased by 7.3% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
BLESSINGS IN A BACKPACK MOBILIZES COMMUNITIES, INDIVIDUALS AND RESOURCES TO PROVIDE FOOD ON THE WEEKENDS FOR SCHOOL AGED CHILDREN ACROSS AMERICA WHO MIGHT OTHERWISE GO HUNGRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS YEAR, IT'S PROJECTED THAT NINE MILLION AMERICAN SCHOOL-AGED CHILDREN ARE STRUGGLING WITH FOOD INSECURITY. THAT'S ONE IN EIGHT CHILDREN WHO DON'T KNOW FROM WHERE THEIR NEXT MEAL WILL COME. DURING THE SCHOOL WEEK, THESE CHILDREN EAT MEALS AT SCHOOL, BUT ARE WITHOUT ACCESS TO AFFORDABLE, HEALTHY FOOD ON SATURDAY AND SUNDAY. WHAT HAPPENS WHEN SCHOOL CLOSES ITS DOORS ON FRIDAY? BLESSINGS IN A BACKPACK ENSURES KIDS LEAVE SCHOOL ON FRIDAYS WITH A BAG FULL OF SATISFYING AND NUTRITIOUS FOOD. DURING THE 2023/2024 SCHOOL YEAR, BLESSINGS IN A BACKPACK PROVIDED OVER 3.3 MILLION HUNGER FREE WEEKENDS FOR KIDS IN 46 STATES AND WASHINGTON, D.C. LEARN MORE AT BLESSINGSINABACKPACK.ORG
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Thomas Tucker Director | Trustee | 1 | $0 |
Tiffany Brown Director | Trustee | 1 | $0 |
Joseph Depippo Chair | OfficerTrustee | 1 | $0 |
Paul Colangelo Vice Chair | OfficerTrustee | 1 | $0 |
Stephen Rubley Treasurer | OfficerTrustee | 1 | $0 |
Ubong Ituen Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $881,322 |
| Related organizations | $0 |
| Government grants | $146,520 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,941,088 |
| Noncash contributions included in lines 1a–1f | $521,744 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,968,930 |
| Total Program Service Revenue | $0 |
| Investment income | $384,310 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,537 |
| Net Income from Fundraising Events | -$118,010 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,444,991 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,877,393 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $383,590 |
| Compensation of current officers, directors, key employees. | $126,631 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,720,765 |
| Pension plan accruals and contributions | $3,777 |
| Other employee benefits | $166,534 |
| Payroll taxes | $245,586 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,418 |
| Fees for services: Accounting | $48,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,550 |
| Fees for services: Other | $177,897 |
| Advertising and promotion | $203,812 |
| Office expenses | $190,039 |
| Information technology | $84,023 |
| Royalties | $0 |
| Occupancy | $226,013 |
| Travel | $110,335 |
| 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 | $19,833 |
| Insurance | $58,210 |
| All other expenses | $21,774 |
| Total functional expenses | $15,571,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,425,740 |
| Pledges and grants receivable | $448,085 |
| Accounts receivable, net | $48,898 |
| 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 | $54,724 |
| Net Land, buildings, and equipment | $38,426 |
| Investments—publicly traded securities | $3,306,638 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $134,825 |
| Other assets | $0 |
| Total assets | $11,457,336 |
| Accounts payable and accrued expenses | $485,484 |
| Grants payable | $0 |
| Deferred revenue | $478,285 |
| 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 | $118,697 |
| Total liabilities | $1,082,466 |
| Net assets without donor restrictions | $9,869,991 |
| Net assets with donor restrictions | $504,879 |
| 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 | $11,457,336 |