Loaves And Fishes Too
- Assets
- $3.5m
- Revenue
- $16.3m
- Investments
- $2.2m
- Employees
- 49
- Location
- Minneapolis, MN
- Founding
- 06/1983
- Data as of
- 09/2021
- EIN
- 41-1421522
Organization Overview
Loaves And Fishes Too is located in Minneapolis, MN. The organization was established in 1983. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 09/2021, Loaves And Fishes Too employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loaves And Fishes Too 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 09/2021, Loaves And Fishes Too generated $16.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 33.0% each year . All expenses for the organization totaled $15.0m during the year ending 09/2021. While expenses have increased by 32.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LOAVES AND FISHES SERVES OVER FOUR MILLION FREE, HEALTHY MEALS ANNUALLY TO ANYONE IN NEED IN MINNESOTA. OUR MULTI-FACETED MEAL PROGRAMMING INCLUDES: PUBLIC DINING, STREET OUTREACH, STUDENT MEALS AND SNACKS, FREE PRODUCE MARKETS, AND THE HUB - A PROGRAM THAT ENABLES SMALL GROUPS AND NONPROFITS TO SOURCE OUR FRESH FOODS AFFORDABLY. OUR PROGRAMS ARE SUPPORTED BY CREATIVE FOOD SOURCING THAT INCLUDES RESCUING VALUABLE FOOD THAT WOULD OTHERWISE GO TO LANDFILLS AND GROWING FRESH PRODUCE AT OUR OWN LOCAL FARM AND GARDENS. WE BELIEVE FOOD IS MEDICINE AND THE PEOPLE WE SERVE RECEIVE A HEALTHY MEAL PRESCRIPTION EVERY TIME WE NOURISH THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOAVES AND FISHES' FREE MEAL PROGRAMMING PROVIDED OVER 4 MILLION HEALTHY MEALS IN CALENDAR YEAR 2021. WE OPERATED IN 12 COUNTIES THROUGH OUR PUBLIC DINING SITE LOCATIONS, STREET OUTREACH LOCATIONS, SUMMER MEAL SITES FOR STUDENTS, AFTER-SCHOOL MEAL AND SNACK PROGRAM LOCATIONS, PRODUCE MARKET, AND OUR PARTNER PROGRAM CALLED THE HUB WHICH PROVIDES FOOD TO SMALL GROUPS AND NONPROFITS. IN ALL, WE SERVE FOOD THROUGH OVER 100 OUTLETS. A COMBINATION OF STAFF, PARTNERS AND VOLUNTEERS COOK AND SERVE MEALS EVERY DAY OF THE WEEK, YEAR-ROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Maes Executive Director | Officer | 40 | $134,164 |
Paula Graff Treasurer | OfficerTrustee | 1 | $0 |
John Larson Vice Chairman | OfficerTrustee | 1 | $0 |
Emily Carpenter Board Chairman | OfficerTrustee | 1 | $0 |
Leah Tomasetti Secretary | OfficerTrustee | 1 | $0 |
Michael Degan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $64,034 |
| Membership dues | $0 |
| Fundraising events | $5,854 |
| Related organizations | $0 |
| Government grants | $886,107 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,217,643 |
| Noncash contributions included in lines 1a–1f | $12,143,181 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,173,638 |
| Total Program Service Revenue | $59,731 |
| Investment income | $28,123 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,364 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,298,899 |
| 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. | $139,886 |
| Compensation of current officers, directors, key employees. | $20,497 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,168,584 |
| Pension plan accruals and contributions | $17,274 |
| Other employee benefits | $150,497 |
| Payroll taxes | $74,424 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,620 |
| Fees for services: Accounting | $14,234 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,143 |
| Fees for services: Other | $40,146 |
| Advertising and promotion | $0 |
| Office expenses | $172,299 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $195,254 |
| Travel | $133,628 |
| 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 | $160,427 |
| Insurance | $35,189 |
| All other expenses | $74,447 |
| Total functional expenses | $14,962,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $646,158 |
| Savings and temporary cash investments | $22,436 |
| Pledges and grants receivable | $39,860 |
| Accounts receivable, net | $0 |
| 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 | $28,543 |
| Net Land, buildings, and equipment | $500,695 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,243,968 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,481,660 |
| Accounts payable and accrued expenses | $151,396 |
| Grants payable | $0 |
| Deferred revenue | $6,763 |
| 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 | $158,159 |
| Net assets without donor restrictions | $3,314,067 |
| Net assets with donor restrictions | $9,434 |
| 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 | $3,481,660 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Loaves And Fishes Too has recieved totaling $26,250.
| Awarding Organization | Amount |
|---|---|
Patch Foundation Minneapolis, MN PURPOSE: RELIGIOUS | $25,000 |
Morsman Family Foundation Minnetonka, MN PURPOSE: SERVES HOT MEALS TO THOSE IN NEED. | $1,250 |
Endowment Analysis
| Beg. Balance | $976,854 |
| Earnings | $199,692 |
| Admin Expense | $10,143 |
| Net Contributions | $1,100,000 |
| Ending Balance | $2,266,404 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Home And Away Ministries North Branch, MN | $25,723,249 | $42,419,971 |
Loaves And Fishes Too Minneapolis, MN | $3,481,660 | $16,298,899 |
Pulse Outreach Minneapolis, MN | $16,852,358 | $21,090,149 |
Desiring God Ministries Minneapolis, MN | $8,654,171 | $9,657,693 |
American Lutheran Church-Northland Luthern Services For The Elderly Marinette, WI | $6,079,717 | $8,121,825 |
Freedom From Religion Foundation Inc Madison, WI | $25,982,708 | $9,398,786 |
Praying Pelican Missions Minneapolis, MN | $539,673 | $5,474,608 |
Venture Burnsville, MN | $4,889,777 | $6,516,603 |
Evangelical Lutheran Good Samaritan Foundation Sioux Falls, SD | $102,471,128 | $9,259,464 |
Christian Worship Hour Aberdeen, SD | $3,374,479 | $4,060,903 |
Luther Memorial Home Madelia, MN | $3,423,486 | $4,600,698 |
Barnabas International Elkhorn, WI | $2,407,026 | $3,476,922 |