Lake City Food Shelf Inc
- Assets
- $249.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lake City, MN
- Founding
- 11/1982
- Data as of
- 03/2022
- EIN
- 41-1430175
Organization Overview
Lake City Food Shelf Inc is located in Lake City, MN. The organization was established in 1982. According to its NTEE Classification (Y24) the organization is classified as: Supplemental Unemployment Compensation, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake City Food Shelf 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 03/2022, Lake City Food Shelf Inc generated $132.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $97.6k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
EMERGENCY FOOD SHELF
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Schneider Secretary | 2 | $0 | |
Alan Orthaus Treasurer | 5 | $0 | |
Karon Peterson Vice President | 7 | $0 | |
Kay Listine Manager | 18 | $0 | |
Ross Bendickson Assistant Food Manag | 22 | $0 | |
Carole Helgerson Executive Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,844 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $481 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $132,325 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $6,231 |
| Printing, publications, postage, and shipping | $332 |
| Other expenses | $91,027 |
| Total expenses | $97,590 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $221,780 |
| Other assets | $0 |
| Total assets | $248,967 |
| Total liabilities | $0 |
| Net assets or fund balances | $248,967 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lake City Food Shelf Inc has recieved totaling $111,971.
| Awarding Organization | Amount |
|---|---|
Channel One Inc Rochester, MN PURPOSE: FOOD DISTRIBUTION | $106,468 |
Hunger Solutions Minnesota St Paul, MN PURPOSE: HUNGER RELIEF | $5,503 |
Peer Organizations
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|---|---|---|
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501 Alliance Taylor, MI | $41,782,776 | $5,172,296 |
Ibew Local 665 Supplemental Unemployment Benefit Fund Lansing, MI | $3,113,733 | $927,603 |
Local 9 Ibew & Outside Contractors Supplemental Unemplymnt Benefit Fd Tinley Park, IL | $2,767,668 | $125,014 |
Twin Disc Inc Supplemental Unemployment Benefits Plan Racine, WI | $30,250 | $313 |