Bonney Lake Food Bank
- Assets
- $943.6k
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 19
- Location
- Buckley, WA
- Founding
- 09/2009
- Data as of
- 06/2021
- EIN
- 27-0270499
Organization Overview
Bonney Lake Food Bank is located in Buckley, WA. The organization was established in 2009. 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 12/2022, Bonney Lake Food Bank employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bonney Lake 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 06/2021, Bonney Lake Food Bank generated $8.4m in total revenue. All expenses for the organization totaled $7.9m during the year ending 06/2021. While expenses have increased by 80.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING EQUITABLE ACCESS TO NUTRITIOUS FOOD, WITH DIGNITY, TO THOSE IN THE COMMUNITY FACING FOOD INSECURITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MARKET (FOOD PANTRY) LOOKS LIKE A METROPOLITAN MARKET AND PROVIDES CUSTOMERS ENSURES HEALTH AND FOOD EQUITY BY PROVIDING NUTRITIOUS AND CULTURALLY REPRESENTED FOODS. IN 2022, THE MARKET SERVED MORE THAN 210,000 PEOPLE FOOD.
HEALTHY YOUTH (FORMERLY FOOD4KIDS) - OUR POWER PACK PROGRAM PROVIDES STUDENTS WITH MUCH-NEEDED MEALS TO STAY NOURISHED OVER THE WEEKEND SO STUDENTS ARE FOCUSED AND RETURN TO SCHOOL READY TO LEARN. IN 2022, WE PROVIDED 31,848 MEALS TO UNSERVED STUDENTS.
OTHER PROGRAMS: MARKET FRESH LOCKERS PROVIDE 24/7 ACCESS FOR OUR CUSTOMERS. THE REFRIGERATED LOCKERS HAVE PROVIDED MORE THAN 3,000 CUSTOMERS WITH NUTRITIOUS FOOD AT THEIR CONVENIENCE. OUR FARM2FORK PROGRAM INCLUDES RAISED GARDEN BEDS WHERE WE GROW FRESH PRODUCE AND FRUIT FOR OUR CUSTOMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Crnich Executive Director | Officer | 40 | $90,740 |
Jenson Isham Board President | OfficerTrustee | 8 | $0 |
Dr Teri Hochstein Board Vice President | OfficerTrustee | 5 | $0 |
Adam Uhler Board Secretary | OfficerTrustee | 1 | $0 |
Sophia Agtarap Board Director | Trustee | 1 | $0 |
Ann Allen Board Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,395,211 |
| Investment income | $45 |
| 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 | -$6,792 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,388,464 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $7,102,404 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,219 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,454 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $731 |
| Payroll taxes | $20,071 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,986 |
| Office expenses | $2,503 |
| Information technology | $25,049 |
| Royalties | $0 |
| Occupancy | $21,000 |
| Travel | $542 |
| 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 | $26,739 |
| Insurance | $5,596 |
| All other expenses | $0 |
| Total functional expenses | $7,890,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,258 |
| Savings and temporary cash investments | $148,659 |
| 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 | $353,725 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $943,649 |
| Accounts payable and accrued expenses | $6,170 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,170 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $937,479 |
Grants Awarded
Over the last fiscal year, Bonney Lake Food Bank has awarded $97,188 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MOTION CHURCHMEALS IN MOTION PURPOSE: Food to those hungry or food insecure | $10,101 |
SUMNER-BONNEY LAKE SCHOOL DISTRICT PURPOSE: Weekend food sacks for underprivelged students | $87,087 |