Crescent Food Bank
- Assets
- $6.0m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Irvine, CA
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-2842230
Organization Overview
Crescent Food Bank is located in Irvine, CA. The organization was established in 2014. 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 12/2021, Crescent Food Bank employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crescent 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, Crescent Food Bank generated $6.0m in total revenue. All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 229.7% per year over the past 4 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
CRESCENT FOOD BANK CFB IS A NON-PROFIT ORGANIZATION THAT IS COMMITTED TO ENDING HUNGER THROUGHOUT SOUTHERN CALIFORNIA. OUR GOAL IS TO PROVIDE ACCESS TO HEALTHY FOOD IN EVERY COMMUNITY BY ALLEVIATING PROVERTY THROUGH DIRECT HEALTH AND HUMAN SERVICES PROGRAMS AND EDUCATION TO PROMOTE SELF-SUFFICIENCY FOR A STRONG QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRESCENT FOOD BANK PROVIDES FOOD AND NONFOOD ITEMS TO INDIVIDUALS AND FAMILIES THROUGHOUT SOUTHERN CALIFORNIA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Chase Executive Dir. | Trustee | 20 | $0 |
Vivian Ngo Secretary | Trustee | 1 | $0 |
Anwar Benamara CFO | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,968,920 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,033,077 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,001,997 |
| Total Program Service Revenue | $0 |
| Investment income | $183 |
| 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 | $6,002,180 |
| 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. | $216,811 |
| Compensation of current officers, directors, key employees. | $26,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,220 |
| Travel | $4,221 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,426 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,174 |
| All other expenses | $21,187 |
| Total functional expenses | $2,922,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,200 |
| Savings and temporary cash investments | $5,982,121 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,993,321 |
| Accounts payable and accrued expenses | $2,497,364 |
| 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 | $179,107 |
| Total liabilities | $2,676,471 |
| Net assets without donor restrictions | $3,316,850 |
| 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 | $5,993,321 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Crescent Food Bank has recieved totaling $6,045.
| Awarding Organization | Amount |
|---|---|
Food Forward Inc North Hollywood, CA PURPOSE: FRESH PRODUCE DONATION | $6,045 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Food For Lane County Eugene, OR | $21,565,696 | $21,900,710 |
Marion-Polk Food Share Inc Salem, OR | $12,481,523 | $19,024,732 |
Maui Food Bank Inc Wailuku, HI | $8,705,630 | $17,679,982 |
Chronicle Season Of Sharing Fund San Francisco, CA | $6,841,559 | $17,696,249 |
Aloha Harvest Honolulu, HI | $1,577,196 | $14,284,049 |
The Food Basket Inc Hilo, HI | $8,560,702 | $11,986,942 |
Emergency Food Bank Stockton, CA | $4,658,043 | $12,815,382 |
Arizona Food Bank Network Phoenix, AZ | $7,535,434 | $12,101,730 |
Loaves & Fishes Family Kitchen San Jose, CA | $10,477,295 | $12,232,910 |
Community Resource Tr Salem, OR | $3,086,644 | $1,030,928 |
Imperial Valley Food Bank Imperial, CA | $8,961,226 | $9,918,858 |
Food Bank Coalition Of San Luis Obispo County San Luis Obispo, CA | $10,663,552 | $12,122,062 |