Iowa Food Bank Association
- Assets
- $811.6k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 1
- Location
- Waterloo, IA
- Founding
- 01/2011
- Data as of
- 06/2023
- EIN
- 27-1554605
Organization Overview
Iowa Food Bank Association is located in Waterloo, IA. The organization was established in 2011. According to its NTEE Classification (K12) the organization is classified as: Fund Raising & Fund Distribution, 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. Iowa Food Bank Association 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 06/2023, Iowa Food Bank Association generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $750.8k during the year ending 06/2023. While expenses have increased by 0.0% 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.
Since 2017, Iowa Food Bank Association has awarded 26 individual grants totaling $6,585,681. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ALLEVIATE HUNGER BY SUPPORTING FEEDING AMERICA FOOD BANKS IN IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM (SNAP). SNAP OUTREACH AND HOTLINE TO ASSIST INDIVIDUALS, BUT DUE TO LACK OF ACCESS AND KNOWLEDGE OF THE PROGRAM MANY INDIVIDUALS DO NOT APPLLY TO RECEIVE BENEFITS. DURING THE YEAR, THE ORGANIZATION ASSISTED WITH 12,352 SNAP APPLICATIONS THROUGH THE IFBA HOTLINE AND OUTREACH SPECIALISTS ACROSS THE STATE. THIS EXCEEDED THE IFBA GOAL OF 10,200 APPLICATIONS FOR FY 2023. THIS AN AVERAGE OF 1,029 APPLICATIONS PER MONTH IN FY 2023. IFBA ADVOCATED TO ENSURE SNAP ACCESS IS AVAILABLE FOR IOWANS IN NEED OF ASSISTNACE. IFBA SNAP ADVOCACY WORK INCLUDED EDUCATION AND AWARENESS OF CHALLENGES OF PROPOSED LEGISLATION IN REGARDS TO SNAP ELIGIBILITY AND APPLICATION REQUIREMENTS. IFBA BEGAN WORKING WITH ALL MEMBER FOOD BANKS AS WELL AS IVRCD AND IDALS TO ENSURE THE USDA GRANT IN IOWA, LOCAL FOOD PRODUCT PROGRAM LAUNCHED EFFECTIVELY AND EFFICIENTLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Guardado Chair | OfficerTrustee | 1 | $0 |
Michelle Book Vice Chair | OfficerTrustee | 1 | $0 |
Jacob Wanderscheid Treasurer/secretary | OfficerTrustee | 1 | $0 |
Brian Barks Board Member | Trustee | 0.5 | $0 |
Barb Prather Board Member | Trustee | 0.5 | $0 |
Nancy Renkes Beg Oct 2022 Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $121,250 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,114,497 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,235,747 |
| Total Program Service Revenue | $0 |
| Investment income | $1,430 |
| 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 | $1,237,177 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $110,317 |
| 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. | $85,739 |
| Compensation of current officers, directors, key employees. | $75,451 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $621 |
| Payroll taxes | $6,279 |
| Fees for services: Management | $33,328 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,614 |
| Fees for services: Lobbying | $8,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $430,907 |
| Advertising and promotion | $12,389 |
| Office expenses | $18,716 |
| Information technology | $1,204 |
| Royalties | $0 |
| Occupancy | $2,992 |
| Travel | $19,296 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,346 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9 |
| All other expenses | $0 |
| Total functional expenses | $750,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,401 |
| Savings and temporary cash investments | $480,657 |
| Pledges and grants receivable | $291,662 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $857 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $811,577 |
| Accounts payable and accrued expenses | $105,530 |
| 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 | $105,530 |
| Net assets without donor restrictions | $159,271 |
| Net assets with donor restrictions | $546,776 |
| 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 | $811,577 |
Grants Awarded
Over the last fiscal year, Iowa Food Bank Association has awarded $110,317 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FOOD BANK OF THE HEARTLAND PURPOSE: SNAP OUTREACH AND FUNDS TO THE FOOD BANK | $15,537 |
NORTHEAST IOWA FOOD BANK PURPOSE: FUNDS TO THE FOOD BANK | $11,740 |
RIVER BEND FOOD BANK PURPOSE: FUNDS TO THE FOOD BANK | $13,190 |
FOOD BANK OF IOWA PURPOSE: FUNDS TO THE FOOD BANK | $48,540 |
FOOD BANK OF SIOUXLAND PURPOSE: FUNDS TO THE FOOD BANK | $6,440 |
HAWKEYE AREA COMMUNITY ACTION PROGRAM PURPOSE: FUNDS TO THE FOOD BANK | $14,870 |