Akron-Canton Regional Foodbank
- Assets
- $39.3m
- Revenue
- $51.2m
- Investments
- $0.0
- Employees
- 122
- Location
- Akron, OH
- Founding
- 08/1982
- Data as of
- 12/2022
- EIN
- 34-1369388
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 12/2022, Akron-Canton Regional Foodbank employed 122 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 12/2022, Akron-Canton Regional Foodbank generated $51.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $49.0m during the year ending 12/2022. While expenses have increased by 3.1% 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 2015, Akron-Canton Regional Foodbank has awarded 442 individual grants totaling $6,443,374. 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
2022
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Link Chairperson | OfficerTrustee | 1 | $0 |
Amanda Montgomery Vice Chairperson | OfficerTrustee | 1 | $0 |
Maureen Desanzo Secretary | OfficerTrustee | 1 | $0 |
Greg Long Treasurer | OfficerTrustee | 1 | $0 |
Alison Breaux Director | Trustee | 1 | $0 |
Dr Teri Lash-Ritter Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Truesense Marketing Direct Mailings | 12/30/22 | $420,756 |
Rj Technologies It Services | 12/30/22 | $115,882 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $270,321 |
| Related organizations | $99,915 |
| Government grants | $10,617,674 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,506,698 |
| Noncash contributions included in lines 1a–1f | $36,956,182 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,494,608 |
| Total Program Service Revenue | $596,959 |
| Investment income | $149,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$45,550 |
| Net Income from Fundraising Events | -$80,515 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,182,060 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,268,881 |
| 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. | $284,449 |
| Compensation of current officers, directors, key employees. | $113,780 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,958,745 |
| Pension plan accruals and contributions | $125,650 |
| Other employee benefits | $590,335 |
| Payroll taxes | $481,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,304 |
| Advertising and promotion | $121,319 |
| Office expenses | $438,129 |
| Information technology | $227,430 |
| Royalties | $0 |
| Occupancy | $608,098 |
| Travel | $0 |
| 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 | $736,591 |
| Insurance | $101,364 |
| All other expenses | $289,258 |
| Total functional expenses | $49,022,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,162,943 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,045,470 |
| Accounts receivable, net | $181,167 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,530,750 |
| Inventories for sale or use | $2,776,920 |
| Prepaid expenses and deferred charges | $1,029 |
| Net Land, buildings, and equipment | $5,163,419 |
| Investments—publicly traded securities | $2,035,060 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,434,245 |
| Total assets | $39,331,003 |
| Accounts payable and accrued expenses | $970,590 |
| 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 | $618,231 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,588,821 |
| Net assets without donor restrictions | $32,792,542 |
| Net assets with donor restrictions | $4,949,640 |
| 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 | $39,331,003 |
Grants Awarded
Over the last fiscal year, Akron-Canton Regional Foodbank has awarded $1,354,274 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
AKRON CHILDREN'S HOSPITAL PURPOSE: FOOD PROGRAM | $42,104 |
ALLIANCE COMMUNITY PANTRY PURPOSE: FOOD PROGRAM | $10,762 |
SARAH'S HOUSEPANTRY PURPOSE: FOOD PROGRAM | $15,912 |
BEN CURTIS FAMILY FOUNDATION (PORTAGE)BACKPACK PURPOSE: FOOD PROGRAM | $19,302 |
BULLDOG BAGS INCPANTRY PURPOSE: FOOD PROGRAM | $5,502 |
OUR COMMUNITY HUNGER CENTERPANTRY PURPOSE: FOOD PROGRAM | $6,753 |