Food Finders Food Bank Inc
- Assets
- $11.1m
- Revenue
- $21.5m
- Investments
- $256.0k
- Employees
- 36
- Location
- Lafayette, IN
- Founding
- 12/1981
- Data as of
- 09/2021
- EIN
- 31-1020198
Organization Overview
Food Finders Food Bank Inc is located in Lafayette, IN. The organization was established in 1981. 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 09/2021, Food Finders Food Bank Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Finders Food Bank 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 09/2021, Food Finders Food Bank Inc generated $21.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $21.1m during the year ending 09/2021. While expenses have increased by 10.5% per year over the past 6 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
TO DISTRIBUTE SURPLUS FOOD AND NONFOOD PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ELIMINATE HUNGER IN MID-NORTH INDIANA BY PROVIDING FOOD AND ESSENTIAL NONFOOD PRODUCTS TO NONPROFIT AGENCIES THAT SERVE LOW-INCOME HOOSIERS. WE DISTRIBUTED OVER 13.1 MILLION POUNDS FOR THE FISCAL YEAR SEPTEMBER 30, 2021 IN 16 COUNTIES AND TO OVER 175 AGENCIES.
OUTREACH PROGRAMS TO SCHOOL CHILDREN, SENIOR CITIZENS, AND MOBILE FOOD PANTRIES.
OUTREACH PROGRAMS TO SCHOOL CHILDREN, SENIOR CITIZENS AND MOBILE FOOD PANTRIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bunder Katy O Executive Di | OfficerTrustee | 40 | $107,920 |
Harmon Sarah Lamar Vice Chairpe | OfficerTrustee | 2 | $0 |
Bay Jennifer Secretary | OfficerTrustee | 2 | $0 |
Priest James Chairperson | OfficerTrustee | 2 | $0 |
Medley Jeff Treasurer | OfficerTrustee | 2 | $0 |
Medley Bailey Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,525,656 |
| Related organizations | $0 |
| Government grants | $845,459 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,918,042 |
| Noncash contributions included in lines 1a–1f | $15,662,265 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,289,157 |
| Total Program Service Revenue | $334,035 |
| Investment income | $18,136 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $905 |
| Net Income from Fundraising Events | -$115,938 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,529,365 |
| 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. | $107,920 |
| Compensation of current officers, directors, key employees. | $53,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,281,032 |
| Pension plan accruals and contributions | $63,664 |
| Other employee benefits | $221,920 |
| Payroll taxes | $104,323 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,930 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $138,781 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,721 |
| Advertising and promotion | $0 |
| Office expenses | $23,231 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $251,186 |
| Travel | $184,355 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,683 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $352,146 |
| Insurance | $0 |
| All other expenses | $31,112 |
| Total functional expenses | $21,076,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,232,887 |
| Savings and temporary cash investments | $500,607 |
| Pledges and grants receivable | $858,364 |
| Accounts receivable, net | $88,513 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,953,241 |
| Prepaid expenses and deferred charges | $128,522 |
| Net Land, buildings, and equipment | $4,024,943 |
| Investments—publicly traded securities | $962,345 |
| Investments—other securities | $255,951 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,755 |
| Total assets | $11,053,128 |
| Accounts payable and accrued expenses | $202,872 |
| 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 | $79,289 |
| Total liabilities | $282,161 |
| Net assets without donor restrictions | $8,469,014 |
| Net assets with donor restrictions | $2,301,953 |
| 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 | $11,053,128 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Food Finders Food Bank Inc has recieved totaling $2,701.
| Awarding Organization | Amount |
|---|---|
Sia Foundation Inc Lafayette, IN PURPOSE: GRANT | $2,500 |
Sia Foundation Inc Lafayette, IN PURPOSE: MATCHING GIFT | $176 |
Sia Foundation Inc Lafayette, IN PURPOSE: MATCHING GIFT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dare To Care Inc Louisville, KY | $30,243,323 | $45,399,567 |
Second Harvest Foodbank Of Southern Wisconsin Madison, WI | $26,296,276 | $43,990,829 |
Operation Food Search Inc St Louis, MO | $20,475,685 | $35,729,892 |
Feeding America Kentuckys Heartland Inc Elizabethtown, KY | $11,011,567 | $26,861,414 |
Community Harvest Food Bank Of Northeast Indiana Inc Fort Wayne, IN | $14,963,201 | $26,255,760 |
Second Harvest Community Food Bank St Joseph, MO | $4,776,863 | $25,456,301 |
Eastern Illinois Foodbank Urbana, IL | $10,806,668 | $26,487,103 |
Tri State Food Bank Inc Evansville, IN | $11,766,941 | $23,604,678 |
Southeast Missouri Food Bank Sikeston, MO | $15,964,674 | $22,933,570 |
Food Finders Food Bank Inc Lafayette, IN | $11,053,128 | $21,529,365 |
Food Bank Of Northern Indiana South Bend, IN | $8,757,329 | $21,720,968 |
Second Harvest Food Bank Of East Central Indiana Inc Muncie, IN | $6,875,841 | $17,737,769 |