Top Box Foods
- Assets
- $2.3m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 47
- Location
- Chicago, IL
- Founding
- 11/2013
- Data as of
- 12/2022
- EIN
- 45-3930886
Organization Overview
Top Box Foods is located in Chicago, IL. The organization was established in 2013. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Top Box Foods employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Top Box Foods 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 12/2022, Top Box Foods generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.9% each year . All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 23.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE FRESH PRODUCE, FROZEN AND LOCAL PROTEINS TO UNDERSERVED (SEE SCH O) COMMUNITIES THROUGH A NETWORK OF COMMUNITY PARTNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOP BOX FOODS CREATES ACCESS IN UNDERSERVED COMMUNITIES TO HIGH QUALITY FRESH PRODUCE AND OTHER HEALTHY GROCERIES TO SUPPORT COMMUNITY PARTNERS IN NUTRITION AND HUNGER INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Kennedy Resigned 522 Chair Emeritus | OfficerTrustee | 2 | $0 |
Sheila Kennedy Chair/secretary | OfficerTrustee | 16 | $0 |
John Jennings Treasurer | OfficerTrustee | 2 | $0 |
Craig Dooley Resigned 522 Director | OfficerTrustee | 0.25 | $0 |
Derrick Evans Director | Trustee | 0.25 | $0 |
Andrew Hayden Resigned 522 Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,672,932 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,672,932 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $791,973 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,464,905 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,074,957 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,825 |
| Payroll taxes | $100,423 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,170 |
| Fees for services: Accounting | $89,494 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,769 |
| Advertising and promotion | $2,104 |
| Office expenses | $72,479 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,849 |
| Travel | $11,395 |
| 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 | $14,118 |
| Insurance | $0 |
| All other expenses | $60,349 |
| Total functional expenses | $2,139,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $965,775 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,304 |
| Accounts receivable, net | $696,587 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $90,929 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $21,897 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $489,537 |
| Other assets | $0 |
| Total assets | $2,272,029 |
| Accounts payable and accrued expenses | $323,189 |
| 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 | $489,537 |
| Total liabilities | $812,726 |
| Net assets without donor restrictions | $828,494 |
| Net assets with donor restrictions | $630,809 |
| 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 | $2,272,029 |