Food Bank Of Iowa
- Assets
- $30.6m
- Revenue
- $46.7m
- Investments
- $0.0
- Employees
- 47
- Location
- Des Moines, IA
- Founding
- 09/1982
- Data as of
- 06/2021
- 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 06/2021, Food Bank Of Iowa employed 47 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 06/2021, Food Bank Of Iowa generated $46.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $32.7m during the year ending 06/2021. While expenses have increased by 19.4% 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
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 |
|---|---|---|---|
Michelle Book President & CEO | 40 | $205,554 | |
Capt Ken Clary Board Chair | OfficerTrustee | 5 | $0 |
Dan Van Alstine Vice Chair | OfficerTrustee | 5 | $0 |
Miriam DE Dios Woodward Secretary | OfficerTrustee | 5 | $0 |
Jill Hittner Treasurer | OfficerTrustee | 5 | $0 |
Ross Dean Past Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Feeding America Networking | 6/29/21 | $1,891,777 |
Rkd Alpha Dog Marketing Marketing | 6/29/21 | $723,842 |
Winger Service Tool Construction | 6/29/21 | $446,342 |
Brad Cecil & Associates Marketing | 6/29/21 | $288,163 |
Strategic America Public Relations | 6/29/21 | $246,026 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $86,040 |
| Related organizations | $0 |
| Government grants | $13,958,020 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,363,098 |
| Noncash contributions included in lines 1a–1f | $25,919,356 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,407,158 |
| Total Program Service Revenue | $864,362 |
| Investment income | $165,672 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,899 |
| Net Income from Fundraising Events | $14,388 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,724,130 |
| 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. | $205,554 |
| Compensation of current officers, directors, key employees. | $18,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,302,976 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $372,387 |
| Payroll taxes | $194,594 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $244 |
| Fees for services: Accounting | $115,518 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $100,025 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $688,500 |
| Office expenses | $89,149 |
| Information technology | $76,752 |
| Royalties | $0 |
| Occupancy | $238,657 |
| Travel | $7,667 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,245 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $518,844 |
| Insurance | $61,072 |
| All other expenses | $524,261 |
| Total functional expenses | $32,746,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,454,187 |
| Savings and temporary cash investments | $12,771,377 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $426,440 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,013,202 |
| Prepaid expenses and deferred charges | $34,754 |
| Net Land, buildings, and equipment | $8,939,152 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,639,112 |
| Accounts payable and accrued expenses | $255,646 |
| 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 | $255,646 |
| Net assets without donor restrictions | $30,383,466 |
| Net assets with donor restrictions | $0 |
| 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 | $30,639,112 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Food Bank Of Iowa has recieved totaling $55,300.
| Awarding Organization | Amount |
|---|---|
Carlson Family Foundation Urbandale, IA PURPOSE: FOOD | $50,000 |
Mccullough Family Foundation West Des Moines, IA PURPOSE: GENERAL OPERATIONS | $5,000 |
Bryant Foundation Inc Cedar Rapids, IA PURPOSE: CHARITABLE | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Louis Area Food Bank Inc Bridgeton, MO | $42,018,188 | $114,234,438 |
Feeding America Eastern Wisconsin Inc Milwaukee, WI | $25,492,368 | $111,456,106 |
The Food Bank For Central & Northeast Missouri Inc Columbia, MO | $22,373,866 | $57,336,993 |
Foodbank For The Heartland Omaha, NE | $18,090,007 | $45,859,600 |
Second Harvest Foodbank Of Southern Wisconsin Madison, WI | $26,296,276 | $43,990,829 |
River Bend Food Reservoir Davenport, IA | $24,095,771 | $42,604,149 |
Operation Food Search Inc St Louis, MO | $20,475,685 | $35,729,892 |
Food Bank Of Iowa Des Moines, IA | $30,639,112 | $46,724,130 |
Feeding South Dakota Sioux Falls, SD | $24,678,313 | $28,354,516 |
Second Harvest Community Food Bank St Joseph, MO | $4,776,863 | $25,456,301 |
Eastern Illinois Foodbank Urbana, IL | $10,806,668 | $26,487,103 |
Channel One Inc Rochester, MN | $10,900,527 | $23,904,084 |