Weld Food Bank
- Assets
- $11.4m
- Revenue
- $19.3m
- Investments
- $0.0
- Employees
- 45
- Location
- Greeley, CO
- Founding
- 05/1983
- Data as of
- 06/2022
- EIN
- 74-2244826
Organization Overview
Weld Food Bank is located in Greeley, CO. The organization was established in 1983. 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, Weld Food Bank employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weld 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 06/2022, Weld Food Bank generated $19.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $19.0m during the year ending 06/2022. While expenses have increased by 1.5% 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.
Since 2019, Weld Food Bank has awarded 16 individual grants totaling $10,089,780. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO LEAD AND ENGAGE OUR COMMUNITY IN THE FIGHT AGAINST HUNGER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WELD FOOD BANK COLLECTS SURPLUS FOOD FROM FOOD PROCESSORS, FARMS, DISTRIBUTORS, AND SUPERMARKETS. WE ALSO CONDUCT COMMUNITY FOOD DRIVES AND GLEAN FROM LOCAL GARDENS AND FARMS. THIS FOOD IS THEN DISTRIBUTED TO MORE THAN 73 NONPROFIT AGENCIES IN WELD COUNTY THAT PROVIDE MEALS AND SERVICES TO PEOPLE IN NEED. THE DIVERSITY OF OUR AGENCIES INCLUDES FOOD PANTRIES, HOMELESS SHELTERS, SOUP KITCHENS, RESIDENTIAL TREATMENT CENTERS, AND SENIOR AND YOUTH PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert O'connor CEO | Officer | 40 | $109,818 |
Kaycee Lytle President | OfficerTrustee | 1 | $0 |
Kyle Fritch CPA Treasurer | OfficerTrustee | 1 | $0 |
Anna Valentine Vice Preside | OfficerTrustee | 1 | $0 |
John Briggs Director | Trustee | 1 | $0 |
Scott James Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $45,750 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,445,875 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,556,399 |
| Noncash contributions included in lines 1a–1f | $14,368,225 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,048,024 |
| Total Program Service Revenue | $824,904 |
| Investment income | $1,606 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $435,168 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,346,172 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,021,781 |
| 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. | $124,492 |
| Compensation of current officers, directors, key employees. | $18,674 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,313,007 |
| Pension plan accruals and contributions | $13,930 |
| Other employee benefits | $148,750 |
| Payroll taxes | $105,598 |
| Fees for services: Management | $7,585 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,206 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $163 |
| Advertising and promotion | $94,487 |
| Office expenses | $127,431 |
| Information technology | $52,354 |
| Royalties | $0 |
| Occupancy | $111,765 |
| 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 | $272,492 |
| Insurance | $94,246 |
| All other expenses | $129,794 |
| Total functional expenses | $19,044,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,591,613 |
| Savings and temporary cash investments | $1,134,225 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $146,130 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $62,591 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,360,928 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,529 |
| Total assets | $11,364,016 |
| Accounts payable and accrued expenses | $121,000 |
| 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 | $0 |
| Total liabilities | $121,000 |
| Net assets without donor restrictions | $11,207,249 |
| Net assets with donor restrictions | $35,767 |
| 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 | $11,364,016 |
Grants Awarded
Over the last fiscal year, Weld Food Bank has awarded $2,002,331 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PARTNER AGENCIES PURPOSE: PROVIDE MEALS | $1,842,518 |
Loveland, CO PURPOSE: ADMIN COSTS - TEFAP | $83,291 |
Louisville, CO PURPOSE: ADMIN TEFAP/CSFP | $76,522 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Weld Food Bank has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Harry F Barnes And Carol H Barnes Ffamily Foundation Inc Bristol, CT PURPOSE: GRANT TO CHARITABLE ORGANIZATION | $7,500 |
Endowment Analysis
| Beg. Balance | $64,903 |
| Earnings | $1,304 |
| Net Contributions | $2,322 |
| Ending Balance | $68,529 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Heart Ministry Center Inc Omaha, NE | $7,524,049 | $8,339,552 |
Kaizen Food Rescue Englewood, CO | $337,286 | $7,467,875 |
Community Pantry Gallup, NM | $959,655 | $5,727,019 |