Food Bank Of Eastern Michigan Inc
- Assets
- $36.3m
- Revenue
- $60.9m
- Investments
- $0.0
- Employees
- 175
- Location
- Flint, MI
- Founding
- 03/1982
- Data as of
- 09/2023
- EIN
- 38-2379678
Organization Overview
Food Bank Of Eastern Michigan Inc is located in Flint, MI. 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 09/2023, Food Bank Of Eastern Michigan Inc employed 175 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Bank Of Eastern Michigan 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 09/2023, Food Bank Of Eastern Michigan Inc generated $60.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $63.3m during the year ending 09/2023. While expenses have increased by 1.3% 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
THE FOOD BANK OF EASTERN MICHIGAN'S MISSION IS TO BE THE FOOD SOURCE FOR PEOPLE IN NEED. PARTNERING WITH ORGANIZATIONS TO FEED THE HUNGRY, WE ADVOCATE AND BUILD A COMMUNITY SOLUTION TO A COMMUNITY PROBLEM. BY LEVERAGING AN ABUNDANCE OF PRODUCT FROM A MULTITUDE OF SOURCES, WE "CHANGE THE FACE OF HUNGER."
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS THE LEADING HUNGER RELIEF ORGANIZATION IN EASTERN MICHIGAN, THE FOOD BANK OF EASTERN MICHIGAN SOURCES AND DISTRIBUTES FOOD, BOTH PURCHASED AND RESCUED TO FOOD INSECURE RESIDENTS THROUGHOUT OUR 22-COUNTY SERVICE AREA. COLLABORATING WITH 700 HUNGER RELIEF PARTNERS, SUCH AS; FOOD PANTRIES, SOUP KITCHENS, SCHOOLS, SHELTERS, AND HUMAN SERVICE AGENCIES, THE FOOD BANK IS A VITAL COMPONENT IN THE BATTLE AGAINST HUNGER AND FOOD INSECURITY. THE FOOD BANK IS A CONTRACT RECLAMATION SITE WITH EIGHT CORPORATE RETAILERS (ALDI, DOLLAR GENERAL, COSTCO, KROGER, MEIJER, SAM'S CLUB, TARGET AND WALMART) VIA 227 STORE LOCATIONS; AND PROVIDES DISASTER RELIEF MOBILE DISTRIBUTIONS DURING PUBLIC EMERGENCIES. TOGETHER WITH OUR PARTNERS, WE DISTRIBUTE NUTRITIOUS FOODS, INCLUDING FRESH FRUITS AND VEGETABLES, PROTEIN, DAIRY AND SHELF-STABLE OPTIONS SO OUR NEIGHBORS IN NEED CAN CREATE WELL-BALANCED MEALS. IN 2023, 32 MILLION POUNDS OF FOOD SUPPORTED NEARLY 200,000 PEOPLE. THE FOOD BANK HAS SOLIDIFIED ITSELF AS THE "FOOD SOURCE" IN EASTERN MICHIGAN AND HAS BECOME THE AUTHORITY OF ADDRESSING THE NEEDS OF THE HUNGRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kara Ross President An | Officer | 40 | $231,691 |
Tiffanie Paielli Dir. Of Fin. | Officer | 40 | $65,739 |
Dr Nasir Ali Board Member | Trustee | 1 | $0 |
Hon F Kay Behm Board Member | Trustee | 1 | $0 |
Antoine Burks Secretary | OfficerTrustee | 1 | $0 |
Steve Dawes Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $43,340 |
| Related organizations | $0 |
| Government grants | $15,366,693 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,723,513 |
| Noncash contributions included in lines 1a–1f | $48,164,273 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,133,546 |
| Total Program Service Revenue | $3,831,509 |
| Investment income | $668,329 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$229,343 |
| Net Income from Fundraising Events | $119,401 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,854,792 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,297,982 |
| 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. | $408,061 |
| Compensation of current officers, directors, key employees. | $303,263 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,738,522 |
| Pension plan accruals and contributions | $266,819 |
| Other employee benefits | $346,857 |
| Payroll taxes | $339,119 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,508 |
| 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 | $231,618 |
| Advertising and promotion | $0 |
| Office expenses | $365,303 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $388,721 |
| Travel | $636,677 |
| 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 | $879,920 |
| Insurance | $138,633 |
| All other expenses | $0 |
| Total functional expenses | $63,346,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $541,872 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $980,090 |
| Accounts receivable, net | $228,455 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,207,719 |
| Prepaid expenses and deferred charges | $62,996 |
| Net Land, buildings, and equipment | $10,655,148 |
| Investments—publicly traded securities | $19,351,926 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,233,669 |
| Total assets | $36,261,875 |
| Accounts payable and accrued expenses | $1,005,754 |
| Grants payable | $0 |
| Deferred revenue | $2,679,788 |
| 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 | $0 |
| Total liabilities | $3,685,542 |
| Net assets without donor restrictions | $32,033,821 |
| Net assets with donor restrictions | $542,512 |
| 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 | $36,261,875 |