Renewal Food Bank
- Assets
- $608.7k
- Revenue
- $826.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Bellevue, WA
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 46-1502418
Organization Overview
Renewal Food Bank is located in Bellevue, WA. The organization was established in 2013. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2021, Renewal Food Bank employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renewal Food Bank 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, Renewal Food Bank generated $826.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $585.6k during the year ending 12/2021. While expenses have increased by 3.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RENEWAL FOOD BANK PROVIDES FOOD TO NEEDY AND ECONOMICALLY VULNERABLE INDIVIDUALS WHO LIVE IN BELLEVUE, WASHINGTON AND SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENEWAL FOOD BANK WORKS WITH LOCAL COMMUNITY ORGANIZATIONS, GROCERY STORES, COMPANIES, AND INDIVIDUALS TO ALLEVIATE HUNGER IN THE COMMUNITIES SURROUNDING BELLEVUE, WASHINGTON. RENEWAL FOOD BANK DISTRIBUTES FOOD OBTAINED FROM FOOD DRIVES, FROM LOCAL GROCERY STORE DONATIONS, AND BY DIRECT PURCHASE. IN 2021, RENEWAL FOOD BANK DISTRIBUTED FOOD AT NO COST TO OVER 25,473 NEEDY AND ECONOMICALLY VULNERABLE INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Rasnick Operations Manager | Officer | 30 | $22,918 |
Hannah Duffany Executive Director | OfficerTrustee | 30 | $14,461 |
Kathy Hoggan President | OfficerTrustee | 1 | $0 |
Loren Ott Treasurer | OfficerTrustee | 1 | $0 |
Jeff Reed Secretary | Trustee | 10 | $0 |
Enrique Flamand Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $348,242 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,676 |
| All other contributions, gifts, grants, and similar amounts not included above | $445,960 |
| Noncash contributions included in lines 1a–1f | $445,960 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $817,878 |
| Total Program Service Revenue | $0 |
| Investment income | $855 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,684 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $826,417 |
| 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 | $78,778 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,651 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,104 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60 |
| Advertising and promotion | $1,741 |
| Office expenses | $8,713 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,410 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $4,928 |
| Total functional expenses | $585,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,838 |
| Savings and temporary cash investments | $429,339 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $70,562 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $608,739 |
| Accounts payable and accrued expenses | $2,620 |
| 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 | $2,620 |
| Net assets without donor restrictions | $0 |
| 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 | $606,119 |
| Total liabilities and net assets/fund balances | $608,739 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Renewal Food Bank has recieved totaling $44,065.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $39,060 |
Margery Jones Tr Monroe, CT PURPOSE: FOOD BANK | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S H A R E Inc Vancouver, WA | $13,349,063 | $22,765,352 |
Washington Gorge Action Programs Bingen, WA | $2,466,644 | $7,884,837 |
Community Services Of Moses Lake Inc Moses Lake, WA | $4,192,683 | $8,480,054 |
Ballard Food Bank Seattle, WA | $20,391,602 | $14,249,244 |
Puyallup Food Bank Puyallup, WA | $3,419,718 | $5,275,690 |
Harvest Against Hunger Seattle, WA | $960,690 | $5,878,024 |
University District Service League Seattle, WA | $6,354,078 | $6,363,383 |
North Helpline Seattle, WA | $3,029,179 | $5,310,612 |
Community Sharing Program Cottage Grove, OR | $1,172,872 | $4,294,366 |
White Center Emergency Food Association Seattle, WA | $3,261,391 | $4,091,573 |
Kent Food Bank And Emergency Services Kent, WA | $1,547,997 | $3,752,103 |
Snow Cap Community Charites Fairview, OR | $6,428,689 | $4,080,561 |