Akron-Caton Regional Foodbank Endowment
- Assets
- $10.3m
- Revenue
- $32.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Akron, OH
- Founding
- 11/1999
- Data as of
- 12/2022
- EIN
- 34-1888311
Organization Overview
Akron-Caton Regional Foodbank Endowment is located in Akron, OH. The organization was established in 1999. According to its NTEE Classification (K11) the organization is classified as: Single Organization Support, 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. Akron-Caton Regional Foodbank Endowment 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-Caton Regional Foodbank Endowment generated $32.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $493.5k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE AND MAINTAIN FUNDS TO SUPPORT THE AKRON-CANTON REGIONAL FOODBANK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RECEIVE AND MAINTAIN FUNDS IN ORDER TO INSURE THE FUTURE OF THE AKRON-CANTON REGIONAL FOODBANK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Baer Vice Chair | OfficerTrustee | 1 | $0 |
Harvey Nelson Chair | OfficerTrustee | 1 | $0 |
Gary Benz Board Member | Trustee | 1 | $0 |
William Shivers Board Member | Trustee | 1 | $0 |
David Kern Board Member | Trustee | 1 | $0 |
Vivian Leggett Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,115 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,115 |
| Total Program Service Revenue | $0 |
| Investment income | $85,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $80,000 |
| Net Gain/Loss on Asset Sales | -$138,561 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,531 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $99,915 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $55,479 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $71,750 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $266,310 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $493,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,496 |
| Savings and temporary cash investments | $194,298 |
| Pledges and grants receivable | $80,000 |
| Accounts receivable, net | $5,020 |
| 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 | $13,600 |
| Net Land, buildings, and equipment | $7,709,284 |
| Investments—publicly traded securities | $2,293,029 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,310,727 |
| Accounts payable and accrued expenses | $0 |
| 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 | $6,876,482 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,876,482 |
| Net assets without donor restrictions | $1,056,196 |
| Net assets with donor restrictions | $2,378,049 |
| 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 | $10,310,727 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Michigan Foundation For Agriculture Lansing, MI | $584,148 | $7,217,364 |
Gpcfb Support Corporation Duquesne, PA | $25,095,709 | $504,158 |
Canfield Fair Foundation Canfield, OH | $40,849 | $713,112 |
Center For Dairy Excellence Foundation Of Pennsylvania Harrisburg, PA | $1,512,960 | $1,169,291 |
Akron-Caton Regional Foodbank Endowment Akron, OH | $10,310,727 | $32,531 |
Fg-Hope Inc Cincinnati, OH | $17,804,100 | $178,041 |
Bounce Back Of Indiana Inc Fort Wayne, IN | $65,963 | $63,616 |
Bellville Independent Agricultural Society Bellville, OH | $179,171 | $183,559 |
Mission2move Cincinnati, OH | $43,001 | $0 |
Governors One Shot Inc Clarksburg, WV | $105,001 | $0 |
Hildegarde T Pischel Endowment Fund Brooklyn, OH | $584,150 | $41,629 |
Greater Cleveland Foodbank Waterloo Real Estate Holding Company Cleveland, OH | $17,717,601 | $6,928,830 |