Food Bank For Larimer County
- Assets
- $24.4m
- Revenue
- $26.5m
- Investments
- $2.2m
- Employees
- 66
- Location
- Loveland, CO
- Founding
- 10/1984
- Data as of
- 06/2023
- EIN
- 74-2336171
Organization Overview
Food Bank For Larimer County is located in Loveland, CO. The organization was established in 1984. 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 06/2023, Food Bank For Larimer County employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Bank For Larimer County 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 06/2023, Food Bank For Larimer County generated $26.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $26.3m during the year ending 06/2023. While expenses have increased by 4.1% per year over the past 8 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 2016, Food Bank For Larimer County has awarded 324 individual grants totaling $17,226,690. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOOD TO ALL IN NEED THROUGH COMMUNITY PARTNERSHIPS AND HUNGER RELIEF PROGRAMS. OUR VISION IS A HUNGER-FREE LARIMER COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOOD BANK FOR LARIMER COUNTY (FBLC, WE, US, OUR) WORKS TO ENSURE THAT NO ONE GOES HUNGRY IN LARIMER COUNTY. WE ARE A NONPROFIT ORGANIZATION THAT ACTS AS A CENTRALIZED AGENCY COLLECTING, STORING, AND DISTRIBUTING SALVAGEABLE, USABLE FOOD TO A VARIETY OF NONPROFIT AGENCIES AND LOW-INCOME INDIVIDUALS. THIS YEAR, WE DISTRIBUTED OVER 8.2 MILLION MEALS AND SNACKS TO PEOPLE IN NEED THROUGH COMMUNITY PARTNERSHIPS AND HUNGER-RELIEF PROGRAMS.SEE SCHEDULE O FOR MORE INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace Taylor Chair | OfficerTrustee | 1 | $0 |
Mark Driscoll Vice Chair | OfficerTrustee | 1 | $0 |
Jacqueline Zipser Secretary | OfficerTrustee | 1 | $0 |
Kim Mcdaniel Treasurer | OfficerTrustee | 1 | $0 |
Lisa Clay Board Member | Trustee | 1 | $0 |
Matthew Dickstein Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $78,667 |
| Membership dues | $0 |
| Fundraising events | $263,944 |
| Related organizations | $0 |
| Government grants | $5,792,480 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,905,628 |
| Noncash contributions included in lines 1a–1f | $18,062,157 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,040,719 |
| Total Program Service Revenue | $262,785 |
| Investment income | $157,369 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,813 |
| Net Gain/Loss on Asset Sales | -$9,441 |
| Net Income from Fundraising Events | $27,658 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,520,903 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,912,950 |
| Grants and other assistance to domestic individuals. | $14,196,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $196,117 |
| Compensation of current officers, directors, key employees. | $78,447 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,750,173 |
| Pension plan accruals and contributions | $61,820 |
| Other employee benefits | $435,478 |
| Payroll taxes | $231,468 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $244,896 |
| Fees for services: Investment Management | $29,415 |
| Fees for services: Other | $46,314 |
| Advertising and promotion | $39,538 |
| Office expenses | $184,355 |
| Information technology | $164,887 |
| Royalties | $0 |
| Occupancy | $368,334 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,895 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $696,825 |
| Insurance | $72,241 |
| All other expenses | $21,193 |
| Total functional expenses | $26,282,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,262,248 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $402,424 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,767,630 |
| Prepaid expenses and deferred charges | $30,000 |
| Net Land, buildings, and equipment | $12,065,073 |
| Investments—publicly traded securities | $5,374,307 |
| Investments—other securities | $2,238,863 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $224,728 |
| Total assets | $24,365,273 |
| Accounts payable and accrued expenses | $490,783 |
| 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 | $490,783 |
| Net assets without donor restrictions | $23,476,752 |
| Net assets with donor restrictions | $397,738 |
| 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 | $24,365,273 |
Grants Awarded
Over the last fiscal year, Food Bank For Larimer County has awarded $3,912,955 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
ASPIRE PURPOSE: Provide food and household goods to clients in need | $10,483 |
ASPIRE- SILVER LEAF PURPOSE: Provide food and household goods to clients in need | $17,689 |
ASPIRE- THE EDGE PURPOSE: Provide food and household goods to clients in need | $18,549 |
ANIMAL FRIENDS ALLIANCE PURPOSE: Provide food and household goods to clients in need | $33,757 |
BOYS & GIRLS CLUB WELLINGTON PURPOSE: Provide food and household goods to clients in need | $14,406 |
CATHOLIC CHARITIES - HOSPITALITY KITCHEN PURPOSE: Provide food and household goods to clients in need | $139,080 |