Akron-Canton Regional Foodbank

Organization Overview

Akron-Canton Regional Foodbank is located in Akron, OH. The organization was established in 1982. 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 12/2021, Akron-Canton Regional Foodbank employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Akron-Canton Regional Foodbank 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 12/2021, Akron-Canton Regional Foodbank generated $52.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $47.8m during the year ending 12/2021. While expenses have increased by 3.2% 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.

Since 2015, Akron-Canton Regional Foodbank has awarded 373 individual grants totaling $5,089,100. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FEED PEOPLE, FIGHT HUNGER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROCURE, WAREHOUSE, AND FACILITATE THE DISTRIBUTION OF DONATED FOODS AND OTHER PRODUCTS TO QUALIFIED ORGANIZATIONS WHICH SERVE PEOPLE IN NEED.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$180,196
Related organizations$68,835
Government grants $13,211,115
All other contributions, gifts, grants, and similar amounts not included above$38,224,897
Noncash contributions included in lines 1a–1f $35,455,299
Total Revenue from Contributions, Gifts, Grants & Similar$51,685,043
Total Program Service Revenue$453,445
Investment income $116,733
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $165,244
Net Income from Fundraising Events -$48,344
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $52,426,998

Grants Awarded

Over the last fiscal year, Akron-Canton Regional Foodbank has awarded $2,685,088 in support to 153 organizations.

Grant RecipientAmount

GREATER DOVER NEW PHILADELPHIAPANTRY

Org PageRecipient Profile

Dover, OH

PURPOSE: FOOD PROGRAM

$99,854

Massillon, OH

PURPOSE: FOOD PROGRAM

$83,692

GOOD SAMARITAN HUNGER CENTERPANTRY & MEAL

Org PageRecipient Profile

Akron, OH

PURPOSE: FOOD PROGRAM

$68,635

GOOD NEIGHBORSPANTRY

Org PageRecipient Profile

Akron, OH

PURPOSE: FOOD PROGRAM

$67,753

THE SALVATION ARMY (AKRON)PANTRY & MEAL

PURPOSE: FOOD PROGRAM

$65,480

GREATER DOVER NEW PHILADELPHIABACKPACK

Org PageRecipient Profile

Dover, OH

PURPOSE: FOOD PROGRAM

$61,242
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Akron-Canton Regional Foodbank has recieved totaling $31,950.

Awarding OrganizationAmount
Nancy Andrews Family Foundation

Richfield, OH

PURPOSE: REDUCE HUNGER

$15,000
Laura B Frick Tr U Item 17 Uwo

Pittsburgh, PA

PURPOSE: WC DISTRIBUTION

$10,000
Hillier Family Foundation

Akron, OH

PURPOSE: SOCIAL SERVICES

$5,000
Hagar Family Foundation

Novato, CA

PURPOSE: TO FURTHER THE PREDOMINANT EXEMPT FUNCTION OF THE RECIPIENTS ORGANIZATION

$1,000
Swagelok Foundation

Solon, OH

PURPOSE: TO FURTHER THE ORGANIZATION'S TAX EXEMPT PURPOSE

$950
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,574,087
Earnings$206,270
Admin Expense$7,523
Net Contributions$1,256,828
Other Expense$68,835
Ending Balance$2,960,827

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