Olean Food Pantry Incorporated
- Assets
- $796.4k
- Revenue
- $418.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Olean, NY
- Founding
- 03/2005
- Data as of
- 12/2021
- EIN
- 55-0881869
Organization Overview
Olean Food Pantry Incorporated is located in Olean, NY. The organization was established in 2005. 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. Olean Food Pantry Incorporated 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, Olean Food Pantry Incorporated generated $418.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $302.1k during the year ending 12/2021. While expenses have increased by 15.0% 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
AS A VOLUNTEER ORGANIZATION, THE OLEAN FOOD PANTRY PROVIDES FOOD SECURITY BY OFFERING CHOICES OF HEALTHY, NUTRITIOUS FOOD. IN COOPERATION WITH THE COMMUNITY, WE EMPOWER INDIVIDUALS THROUGH EDUCATION, RESOURCES AND KNOWLEDGE TO PROMOTE OPPORTUNITIES TO BECOME SELF SUFFICIENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A 100% VOLUNTEER ORGANIZATION, OLEAN FOOD PANTRY, INC. PROVIDES FOOD SECURITY BY OFFERING CHOICES OF HEALTHY, NUTRITIOUS FOOD. IN COOPERATION WITH THE COMMUNITY, WE EMPOWER INDIVIDUALS THROUGH EDUCATION, RESOURCES, AND KNOWLEDGE TO PROMOTE OPPORTUNITIES TO BECOME SELF-SUFFICIENT. DURING 2021, APPROXIMATELY 1,400 PEOPLE SERVED MONTHLY, MANY OF WHOM ARE CHILDREN AND SENIOR CITIZENS, FOR A TOTAL OF APPROXIMATELY 305,000 MEALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Skip Wilday Vice President | Officer | 4 | $0 |
Ashley Greeley Secretary | Officer | 4 | $0 |
Brian George President | Officer | 4 | $0 |
Nick Hamed Treasurer | Officer | 4 | $0 |
Tracy Derose Board Member | Trustee | 1 | $0 |
Linda Witte Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $184,582 |
| All other contributions, gifts, grants, and similar amounts not included above | $220,052 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $404,634 |
| Total Program Service Revenue | $0 |
| Investment income | $11,948 |
| 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 | $418,364 |
| 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 | $7,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,861 |
| Travel | $215 |
| 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 | $10,067 |
| Insurance | $4,640 |
| All other expenses | $637 |
| Total functional expenses | $302,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,113 |
| Savings and temporary cash investments | $0 |
| 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 | $704 |
| Net Land, buildings, and equipment | $173,164 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $314,415 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $796,396 |
| Accounts payable and accrued expenses | $12,362 |
| 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 | $12,362 |
| Net assets without donor restrictions | $784,034 |
| 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 | $796,396 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Olean Food Pantry Incorporated has recieved totaling $351,134.
| Awarding Organization | Amount |
|---|---|
Feedmore Western New York Inc Buffalo, NY PURPOSE: PROGRAM EXPENSES | $334,458 |
Greater Olean Community Foundation Olean, NY PURPOSE: GENERAL SUPPORT | $16,450 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $226 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connecticut Foodshare Inc Wallingford, CT | $64,587,641 | $98,816,890 |
Greater Pittsburgh Community Food Bank Duquesne, PA | $60,747,557 | $86,169,867 |
Foodshare Inc Bloomfield, CT | $22,505,719 | $52,446,003 |
Feedmore Western New York Inc Buffalo, NY | $12,964,755 | $36,110,080 |
Vermont Foodbank Barre, VT | $37,316,599 | $36,820,063 |
Food Bank Of Central New York Syracuse, NY | $20,826,838 | $35,826,283 |
Share Food Program Inc Phila, PA | $13,209,885 | $37,008,855 |
Food Bank Of South Jersey Inc Pennsauken, NJ | $19,506,805 | $35,639,314 |
Feeding Westchester Inc Elmsford, NY | $20,334,551 | $33,036,793 |
Regional Food Bank Of N E Ny Inc Latham, NY | $37,973,323 | $34,272,661 |
The Food Bank Of Western Massachusetts Inc Hatfield, MA | $32,478,592 | $28,657,996 |
Second Harvest Food Bank Of Northwest Pennsylvania Erie, PA | $15,777,117 | $23,198,189 |