Ocean Shores Food Bank
- Assets
- $959.7k
- Revenue
- $569.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Ocean Shores, WA
- Founding
- 11/2013
- Data as of
- 12/2023
- EIN
- 46-3480003
Organization Overview
Ocean Shores Food Bank is located in Ocean Shores, WA. The organization was established in 2013. 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. Ocean Shores 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 12/2023, Ocean Shores Food Bank generated $569.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $528.6k during the year ending 12/2023. While expenses have increased by 6.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS THAT NO ONE IN THE COMMUNITY GOES HUNGRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICE PROGRAM REVENUE ($30,237) INCLUDED TWO FUNDRAISING EVENTS IN 2023 WHICH RAISED A TOTAL OF $25,060, INCLUDING PLANT SALES, TICKET SALES, DONATIONS AND SPONSORSHIPS AS WELL AS INVESTMENT RETURNS OF $5,177. SERVICE PROGRAM EXPENSES ($ 506,719) INCLUDED $ 572 IN FUNDRAISING EXPENSES FOR MARKETING, $373,973 IN DONATED FOOD DISBURSED, $119,217 IN PURCHASED FOODS, AND $12,957 IN FACILITY EXPENSES. CONTRIBUTIONS TO THE FOOD PANTRY OF $641,061 INCLUDES $369,190 IN DONATED FOOD AND $271,871 IN CASH DONATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy Harley Executive Director | OfficerTrustee | 40 | $0 |
David Sandefur President | OfficerTrustee | 20 | $0 |
Leon Brauner Resigned Vice President | OfficerTrustee | 5 | $0 |
Lorraine Hardin Treasurer/secretary | OfficerTrustee | 15 | $0 |
Jerry Rugh Operations Manager | Trustee | 40 | $0 |
Wally Burton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $539,091 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $564,091 |
| Total Program Service Revenue | $0 |
| Investment income | $5,177 |
| 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 | $569,268 |
| 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 | $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 | $250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $438 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,766 |
| Office expenses | $6,396 |
| Information technology | $1,394 |
| Royalties | $0 |
| Occupancy | $11,368 |
| 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 | $3,230 |
| Insurance | $2,863 |
| All other expenses | $125 |
| Total functional expenses | $528,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,700 |
| Savings and temporary cash investments | $583,954 |
| Pledges and grants receivable | $133,332 |
| 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 | $23,209 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $178,475 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $959,670 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $520,624 |
| Net assets with donor restrictions | $439,046 |
| 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 | $959,670 |