Allamakee New Beginnings Inc
- Assets
- $135.9k
- Revenue
- $618.0k
- Investments
- $0.0
- Employees
- 10
- Location
- Waukon, IA
- Founding
- 01/2009
- Data as of
- 12/2022
- EIN
- 26-2480557
Organization Overview
Allamakee New Beginnings Inc, operating under the name Iowa Food Hub, is located in Waukon, IA. The organization was established in 2009. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2022, Iowa Food Hub employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Food Hub 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, Iowa Food Hub generated $618.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $562.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 years. 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
ALLAMAKEE NEW BEGINNINGS EXISTS TO SEEK AND MANAGE RESOURCES AS A CHARITABLE ORGANIZATION TO LESSEN THE EFFECTS OF POVERTY BY INVESTING IN FAMILIES AND INDIVIDUALS THROUGH EDUCATION AND COLLABORATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF LOCALLY GROWN FOODS IN AN EFFORT TO SUSTAIN AND PROMOTE THE REGIONAL FARM SYSTEM AND INCREASE ACCESS OF LOCAL HEALTHY FOODS TO UNDERSERVED COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Kraus Director | Officer | 15 | $29,330 |
Teresa Weimerslage Director | Officer | 10 | $3,276 |
Mercedes Martin Board Member | Trustee | 1 | $0 |
Sarah Cousins Board Member | Trustee | 1 | $0 |
Jack Knight Board Member | OfficerTrustee | 1 | $0 |
Hannah Breckbill Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $40,247 |
| Related organizations | $0 |
| Government grants | $46,325 |
| 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 | $86,572 |
| Total Program Service Revenue | $531,409 |
| Investment income | $0 |
| 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 | $617,981 |
| 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 | $50,810 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,887 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $777 |
| Office expenses | $3,359 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $727 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,890 |
| Insurance | $1,414 |
| All other expenses | $1,903 |
| Total functional expenses | $562,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,192 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,700 |
| 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 | $58,010 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $135,902 |
| Accounts payable and accrued expenses | $5,629 |
| 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 | $17,887 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,516 |
| Net assets without donor restrictions | $112,386 |
| 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 | $135,902 |