River Bend Food Reservoir
- Assets
- $31.2m
- Revenue
- $39.1m
- Investments
- $904.1k
- Employees
- 59
- Location
- Davenport, IA
- Founding
- 01/1982
- Data as of
- 06/2023
- EIN
- 36-3147342
Organization Overview
River Bend Food Reservoir is located in Davenport, IA. 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 06/2023, River Bend Food Reservoir employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Bend Food Reservoir 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, River Bend Food Reservoir generated $39.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $35.3m during the year ending 06/2023. While expenses have increased by 6.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO LEAD THE COMMUNITY-WIDE EFFORT TO END HUNGER IN EASTERN IOWA AND WESTERN ILLINOIS. WE WILL DO THIS BY LEVERAGING PARTNERSHIPS TO HELP PEOPLE IN NEED TO STABILIZE THEIR LIVES, EDUCATING AND ENGAGING THE PUBLIC ON HUNGER ISSUES, ADVOCATING ON BEHALF OF HUNGRY PEOPLE, DISTRIBUTING SURPLUS FOOD THROUGH A NETWORK OF HUNGER RELIEF AGENCY PARTNERS AND PROGRAMS, AND STRIVING TO END HUNGER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SURPLUS FOOD IS COLLECTED AND REDISTRIBUTED THROUGH A NETWORK OF CHARITABLE AGENCIES, PRIMARILY FOOD PANTRIES AT CHURCHES, COMMUNITY CENTERS, ETC. A TOTAL OF 15,490,810 MEALS WERE DISTRIBUTED DURING THE FISCAL YEAR. FOOD IS ALSO DISTRIBUTED THROUGH MOBILE FOOD PANTRIES, WHERE FOOD IS GIVEN TO PEOPLE IN NEED DIRECTLY OFF OUR VEHICLES IN VARIOUS LOCATIONS THROUGHOUT THE SERVICE AREA. THERE WERE 1,001,819 MEALS DISTRIBUTED ON 538 MOBILE PANTRIES THIS YEAR. THE BACKPACK PROGRAM TARGETS CHRONICALLY MALNOURISHED CHILDREN WHO RECEIVE FREE OR REDUCED LUNCHES AT SCHOOL DURING THE WEEK, BUT DO NOT HAVE FOOD TO EAT OVER THE WEEKEND; 3,000 CHILDREN RECEIVE 6 MEALS FOR 35 WEEKS FOR A TOTAL OF 568,872 MEALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trish Huber Former Chair | Trustee | 0.3 | $0 |
Janet Mathis Chair | OfficerTrustee | 0.3 | $0 |
Matthew O'brien Board Member | Trustee | 0.3 | $0 |
John Weber Board Member | Trustee | 0.3 | $0 |
Chris Beason Board Member | Trustee | 0.3 | $0 |
Daniel Joiner Secretary | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Applied Sales & Installation Services I Galesburg Freezer/cooler | 6/29/23 | $898,011 |
Rkd Group Direct Mail Campaign | 6/29/23 | $344,081 |
Penske Truck Leasing Co Lp Truck Leases | 6/29/23 | $293,957 |
Bush Construction Construction/remodel Work | 6/29/23 | $201,562 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $196,201 |
| Related organizations | $0 |
| Government grants | $8,167,727 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,020,417 |
| Noncash contributions included in lines 1a–1f | $32,106,263 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,384,345 |
| Total Program Service Revenue | $2,632,747 |
| Investment income | $230,738 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$129,087 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,142,904 |
| 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. | $331,761 |
| Compensation of current officers, directors, key employees. | $171,476 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,895,491 |
| Pension plan accruals and contributions | $33,245 |
| Other employee benefits | $208,497 |
| Payroll taxes | $176,756 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,068 |
| Fees for services: Accounting | $53,643 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $573,793 |
| Advertising and promotion | $84,564 |
| Office expenses | $146,231 |
| Information technology | $49,240 |
| Royalties | $0 |
| Occupancy | $153,157 |
| Travel | $19,628 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $82,680 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $520,864 |
| Insurance | $74,534 |
| All other expenses | $148,482 |
| Total functional expenses | $35,291,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,540,238 |
| Pledges and grants receivable | $1,205,940 |
| Accounts receivable, net | $243,865 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,895,586 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,661,133 |
| Investments—publicly traded securities | $3,379,184 |
| Investments—other securities | $904,081 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,343,596 |
| Total assets | $31,173,623 |
| Accounts payable and accrued expenses | $526,492 |
| 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 | $3,313,783 |
| Total liabilities | $3,840,275 |
| Net assets without donor restrictions | $23,672,466 |
| Net assets with donor restrictions | $3,660,882 |
| 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 | $31,173,623 |