Food Bank Of Iowa
- Assets
- $31.1m
- Revenue
- $34.8m
- Investments
- $0.0
- Employees
- 46
- Location
- Des Moines, IA
- Founding
- 09/1982
- Data as of
- 06/2022
- EIN
- 42-1177880
Organization Overview
Food Bank Of Iowa is located in Des Moines, 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 06/2022, Food Bank Of Iowa employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Bank Of Iowa 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 06/2022, Food Bank Of Iowa generated $34.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $32.6m during the year ending 06/2022. While expenses have increased by 16.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE FOOD FOR IOWA CHILDREN, FAMILIES, AND SENIORS TO LEAD FULL AND ACTIVE LIVES, STRENGTHENING THE COMMUNITIES WHERE THEY LIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RECEIVES, WAREHOUSES, AND DISTRIBUTES SALVAGEABLE FOOD ITEMS TO NON-PROFIT TAX EXEMPT MEMBER AGENCIES TO FEED THE ILL, NEEDY, AND INFANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Clary Board Chair | OfficerTrustee | 5 | $0 |
Hannah Krause Vice Chair | OfficerTrustee | 5 | $0 |
Miriam DE Dios Woodward Secretary | OfficerTrustee | 5 | $0 |
Ross Dean Past Chair | Trustee | 1 | $0 |
Bill Even Director | Trustee | 1 | $0 |
Tim Glenn Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Feeding America Networking | 6/29/22 | $905,453 |
Fareway Food Inventory | 6/29/22 | $594,098 |
Truck Country Of Iowa Vehicles | 6/29/22 | $409,703 |
Brad Cecil & Associates Marketing | 6/29/22 | $617,730 |
Strategic America Public Relations | 6/29/22 | $241,503 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,121 |
| Related organizations | $0 |
| Government grants | $7,138,016 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,657,155 |
| Noncash contributions included in lines 1a–1f | $23,694,415 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,806,292 |
| Total Program Service Revenue | $812,226 |
| Investment income | $465,231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$570,345 |
| Net Income from Fundraising Events | $132,465 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,755,317 |
| 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. | $235,454 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,289,910 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $579,765 |
| Payroll taxes | $188,062 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $109,181 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $80,262 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $887,760 |
| Office expenses | $112,177 |
| Information technology | $82,321 |
| Royalties | $0 |
| Occupancy | $247,770 |
| Travel | $19,460 |
| 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 | $591,801 |
| Insurance | $76,003 |
| All other expenses | $1,639,552 |
| Total functional expenses | $32,646,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,115,111 |
| Savings and temporary cash investments | $12,849,519 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $121,870 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,700,276 |
| Prepaid expenses and deferred charges | $39,457 |
| Net Land, buildings, and equipment | $9,317,394 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $31,143,627 |
| Accounts payable and accrued expenses | $358,662 |
| 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 | $0 |
| Total liabilities | $358,662 |
| Net assets without donor restrictions | $30,757,343 |
| Net assets with donor restrictions | $27,622 |
| 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 | $31,143,627 |