Stone Soup Food Bank
- Assets
- $78.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lapeer, MI
- Founding
- 12/2010
- Data as of
- 09/2022
- EIN
- 27-1287266
Organization Overview
Stone Soup Food Bank is located in Lapeer, MI. The organization was established in 2010. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stone Soup 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 09/2022, Stone Soup Food Bank generated $129.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $145.6k during the year ending 09/2022. While expenses have increased by 9.2% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
FOOD BANK SUPPLYING TO OTHER FOOD BANKS AND SMALLER PANTRIES AND PROVIDE FOOD THROUGH OUR CLIENT CHOICE PROGRAM TO INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Anne Macleod Officer | 25 | $0 | |
Steve Macleod Officer | 50 | $0 | |
Tommy Stalker Officer | 0 | $0 | |
Matt Hansel Officer | 0 | $0 | |
Marvin Groom Board Member | 0 | $0 | |
Nick Macleod Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,562 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $3,500 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $129,065 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $500 |
| Professional fees and other payments to independent contractors | $750 |
| Occupancy, rent, utilities, and maintenance | $37,711 |
| Printing, publications, postage, and shipping | $1,432 |
| Other expenses | $105,225 |
| Total expenses | $145,618 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,559 |
| Other assets | $0 |
| Total assets | $77,996 |
| Total liabilities | $28,388 |
| Net assets or fund balances | $49,608 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Stone Soup Food Bank has recieved totaling $4,800.
| Awarding Organization | Amount |
|---|---|
Sagacity Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $4,550 |
Consumers Energy Foundation Jackson, MI PURPOSE: EMPLOYEE/RETIREE MATCHING GIFT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Feeding America West Michigan Comstock Park, MI | $22,537,304 | $50,507,823 |
Akron-Canton Regional Foodbank Akron, OH | $38,369,339 | $52,426,998 |
Ohio Association Of Foodbanks Columbus, OH | $9,504,579 | $45,718,169 |
Second Harvest Foodbank Of Southern Wisconsin Madison, WI | $26,296,276 | $43,990,829 |
Community Harvest Food Bank Of Northeast Indiana Inc Fort Wayne, IN | $14,963,201 | $26,255,760 |
Foodbank Inc Dayton, OH | $20,325,458 | $27,891,927 |
Tri State Food Bank Inc Evansville, IN | $11,766,941 | $23,604,678 |
South Michigan Food Bank Battle Creek, MI | $7,733,906 | $21,627,675 |
Food Finders Food Bank Inc Lafayette, IN | $11,053,128 | $21,529,365 |