Soddy Daisy Food Bank Inc

Organization Overview

Soddy Daisy Food Bank Inc is located in Soddy Daisy, TN. The organization was established in 2012. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soddy Daisy Food Bank 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 12/2021, Soddy Daisy Food Bank Inc generated $641.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $583.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ALL VOLUNTEER ORGANIZATION FOCUSED ON GATHERING AND SHARING FOOD WITH FAMILIES AND INDIVIDUALS IN NEED. WE ARE COMMITTED TO THE PREMISE THAT ALL PERSONS HAVE A RIGHT TO ADEQUATE NUTRITION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISTRIBUTED OVER 500,000 POUNDS OF FOOD TO NEEDY FAMILIES IN THE SODDY DAISY SERVICE AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Alan C Gram
Vice President
$0
Roger D Graham
President
$0
Michael D Anderson
Treasurer
$0
Mitchell A Weber
Secretary
$0
Melvin Mcmahen
Director
$0
Roger Smith
Director
$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$638,538
Noncash contributions included in lines 1a–1f $478,982
Total Revenue from Contributions, Gifts, Grants & Similar$638,538
Total Program Service Revenue$0
Investment income $2,518
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 $0
Miscellaneous Revenue$0
Total Revenue $641,056

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Soddy Daisy Food Bank Inc has recieved totaling $1,116.

Awarding OrganizationAmount
Mckenzie Foundation

Chattanooga, TN

PURPOSE: OPERATING FUNDS

$1,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$116
View Grant Recipient Profile

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