Toledo Seagate Food Bank Inc
- Assets
- $7.7m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 17
- Location
- Toledo, OH
- Founding
- 12/1999
- Data as of
- 09/2022
- EIN
- 51-0252948
Organization Overview
Toledo Seagate Food Bank Inc is located in Toledo, OH. The organization was established in 1999. 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 09/2022, Toledo Seagate Food Bank Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toledo Seagate 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 09/2022, Toledo Seagate Food Bank Inc generated $10.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $10.0m during the year ending 09/2022. While expenses have increased by 9.8% per year over the past 5 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
THE ORGANIZATION ASPIRES AND COMMITS OUR ENERGIES TO ELIMINATING HUNGER. WE SERVE A REGIONAL CAPACITY TO IDENTIFY AND DIRECT OUR RESOURCES TO THOSE IN NEED
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ASPIRES AND COMMITS THEIR ENERGIES TO ELIMINATING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jo Ann Matney President | OfficerTrustee | 3 | $0 |
Cheryl Smith V President | OfficerTrustee | 3 | $0 |
D Zywocki Treasurer | OfficerTrustee | 4 | $0 |
Julie Spears Secretary | OfficerTrustee | 3 | $0 |
H Brewis Member | Trustee | 2 | $0 |
K Hammuda Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $127,549 |
| Related organizations | $0 |
| Government grants | $7,865,356 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,428,669 |
| Noncash contributions included in lines 1a–1f | $2,153,557 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,421,574 |
| Total Program Service Revenue | $111,472 |
| Investment income | $22,581 |
| 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 | $10,587,815 |
| 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. | $73,154 |
| Compensation of current officers, directors, key employees. | $1,534 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $637,164 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $87,293 |
| Payroll taxes | $56,323 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $87,520 |
| Office expenses | $4,108 |
| Information technology | $34,921 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $29,005 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $409 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127,091 |
| Insurance | $42,667 |
| All other expenses | $8,785,748 |
| Total functional expenses | $9,993,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,179,784 |
| Savings and temporary cash investments | $974,999 |
| Pledges and grants receivable | $537,853 |
| Accounts receivable, net | $25,158 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,137 |
| Inventories for sale or use | $981,152 |
| Prepaid expenses and deferred charges | $19,583 |
| Net Land, buildings, and equipment | $2,113,244 |
| Investments—publicly traded securities | $781,396 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,121,398 |
| Total assets | $7,735,704 |
| Accounts payable and accrued expenses | $138,835 |
| Grants payable | $0 |
| Deferred revenue | $1,121,398 |
| 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 | $1,260,233 |
| Net assets without donor restrictions | $5,685,445 |
| Net assets with donor restrictions | $790,026 |
| 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 | $7,735,704 |
Grants Awarded
Over the last fiscal year, Toledo Seagate Food Bank Inc has awarded $125,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER GRACE MI PURPOSE: COVID-19 | $25,000 |
BOWLING GREEN CH PURPOSE: COVID-19 | $25,000 |
SOUTH SIDE LIFE PURPOSE: COVID-19 | $5,000 |
ST RICHARDS SVDP PURPOSE: COVID-19 | $5,000 |
MLK KITCHEN FOR PURPOSE: COVID-19 | $25,000 |
SWANTON CHRISTIA PURPOSE: COVID-19 | $5,000 |