Food For Hope
- Assets
- $285.4k
- Revenue
- $397.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Eastlake, CO
- Founding
- 05/2015
- Data as of
- 06/2022
- EIN
- 47-3117111
Organization Overview
Food For Hope is located in Eastlake, CO. The organization was established in 2015. 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 06/2022, Food For Hope employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food For Hope 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 06/2022, Food For Hope generated $397.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $406.8k during the year ending 06/2022. While expenses have increased by 24.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO EMPOWER AND STRENGTHEN THE FUTURE OF OUR COMMUNITIES BY PROVIDING NUTRITIOUS FOOD TO CHILDREN IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD FOR HOPE'S IN-SCHOOL FOOD BANKS PROVIDE GROCERIES FOR STUDENTS IN THE SCHOOL. FFH ALLOWS STUDENTS TO SHOP FOR ENOUGH FRESH AND NON-PERISHABLE FOOD ITEMS TO LAST AN ENTIRE WEEK. THESE FOOD BANKS PROVIDE A DISCREET WAY FOR STUDENTS EXPERIENCING HUNGER TO GET THE FOOD THEY NEED WITHOUT HAVING TO TRAVEL TO ANOTHER LOCATION. FOOD FOR HOPE CURRENTLY OPERATES IN-SCHOOL FOOD BANKS AT 7 LOCATIONS IN 3 DIFFERENT SCHOOL DISTRICTS.
EACH SCHOOL ENROLLED WITH FOOD FOR HOPE HELPS US IDENTIFY THE STUDENTS WHO NEED TO RECEIVE NUTRITIONAL ASSISTANCE EACH WEEK. THROUGHOUT THE SCHOOL YEAR, TEACHERS OR STAFF WHO NOTICE SIGNS OF HUNGER IN A SPECIFIC STUDENT MAY REFER HIM OR HER TO THE SCHOOL SOCIAL WORKER TO BE SIGNED UP FOR OUR PROGRAM. SCHOOLS THEN DISTRIBUTE FOOD BAGS TO THE CORRECT STUDENTS EACH FRIDAY SO THAT THE FOOD IS AVAILABLE TO THEM FOR THE WEEKEND. EVERY WEEK, VOLUNTEERS MEET TO PUT TOGETHER A BAG FULL OF NUTRITIOUS FOOD FOR EACH ELIGIBLE CHILD AT THE SCHOOLS WE SERVE. BAGS INCLUDE A VEGETABLE (CANNED OR FRESH), A FRUIT (CANNED OR FRESH), WHOLE GRAINS, PROTEIN ITEMS, AND 2 BREAKFASTS/SNACKS. VOLUNTEERS DELIVER BAGS TO PARTICIPATING SCHOOLS ON THURSDAY OF EACH WEEK, TO BE DISTRIBUTED BEFORE THEY LEAVE FOR THE WEEKEND. FOOD FOR HOPE DISTRIBUTED 10,890 BAGS IN THE 2021-22 SCHOOL YEAR.
STUDENTS NEED SNACKS AT SCHOOL TO MAINTAIN FOCUS, KEEP THEIR ENERGY UP, AND FIND SUCCESS IN THEIR CLASSES.\ MANY TEACHERS HAVE REPORTED TO US THAT THEY USE PERSONAL FINANCES TO PURCHASE EXTRA SNACKS FOR THEIR STUDENTS WHO ARE NOT ABLE TO BRING ONE FROM HOME. WE CREATED THIS PROGRAM TO PROVIDE SCHOOL DAY SNACKS AND ALLEVIATE THE FINANCIAL BURDEN FROM TEACHERS WHO ARE PROVIDING THIS ON THEIR OWN. FOOD FOR HOPE DISTRIBUTED 92,397 SNACKS IN THE 2021-22 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jordan Sauers Vice President | Trustee | 3 | $0 |
Jeremy Lyon President | Trustee | 3 | $0 |
Sherry Cree Board Member | Trustee | 1 | $0 |
Anna Albonetti Secretary | Trustee | 1 | $0 |
Joel Mcfadden Treasurer | Trustee | 1 | $0 |
Zachary Kinder Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $41,243 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,243 |
| Total Program Service Revenue | $356,396 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $397,639 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $233,293 |
| 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. | $95,473 |
| Compensation of current officers, directors, key employees. | $43,154 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,304 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,042 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,248 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,500 |
| 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 | $10,481 |
| Insurance | $0 |
| All other expenses | $9,189 |
| Total functional expenses | $406,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,784 |
| Savings and temporary cash investments | $135,591 |
| 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 | $24,044 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $285,419 |
| Accounts payable and accrued expenses | $1,000 |
| 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 | $9,997 |
| Total liabilities | $10,997 |
| 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 | $274,422 |
| Total liabilities and net assets/fund balances | $285,419 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Food For Hope has recieved totaling $70,441.
| Awarding Organization | Amount |
|---|---|
Trailhead Institute Denver, CO | | $35,719 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $13,035 |
Denver Active 20-30 Childrens Foundation Denver, CO PURPOSE: PROGRAM OPERATION - | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,232 |
Schlessman Foundation Inc Denver, CO PURPOSE: GENERAL OPERATIONS | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $355 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Regional Food Bank Of Oklahoma Oklahoma City, OK | $36,553,416 | $95,465,627 |
Community Food Bank Of Eastern Oklahoma Inc Tulsa, OK | $69,259,421 | $97,549,817 |
Care And Share Inc Colorado Springs, CO | $21,708,396 | $54,268,690 |
Foodbank For The Heartland Omaha, NE | $18,090,007 | $45,859,600 |
United Food Bank Mesa, AZ | $14,110,479 | $41,978,050 |
Yuma Community Food Bank Yuma, AZ | $6,042,055 | $32,152,726 |
Kansas Food Bank Warehouse Inc Wichita, KS | $25,177,689 | $24,577,284 |
Food Bank For Larimer County Loveland, CO | $23,780,959 | $24,388,782 |
Weld Food Bank Greeley, CO | $11,364,016 | $19,346,172 |
Food Bank Of Lincoln Inc Lincoln, NE | $19,534,809 | $19,256,547 |
Boulder Food Rescue Denver, CO | $1,631,753 | $15,905,183 |
Arizona Food Bank Network Phoenix, AZ | $7,535,434 | $12,101,730 |