Loc Food Pantry Inc
- Assets
- $556.8k
- Revenue
- $161.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Temple, TX
- Founding
- 02/2018
- Data as of
- 12/2022
- EIN
- 82-3743988
Organization Overview
Loc Food Pantry Inc is located in Temple, TX. The organization was established in 2018. 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. Loc Food Pantry 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 12/2022, Loc Food Pantry Inc generated $161.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $66.9k during the year ending 12/2022. While expenses have increased by 9.3% per year over the past 4 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
LOC FOOD PANTRY INC. USES GOD'S BLESSINGS AND SERVANTS TO FEED THOSE IN NEED AND PROVIDE CLOTHING TO THOSE IN NEED AND SHARE THE LOVE OF CHRIST. DONATIONS OF FOOD AND CLOTHING ARE DISTRIBUTED FREE OF CHARGE TO MEMBERS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOOD PANTRY DISTRIBUTED APPROXIMATELY 1,100,000 POUNDS OF FOOD DURING THE YEAR. DONATED FOOD WAS RECEIVED FROM A REGIONAL FOOD BANK COMMUNITY FOOD DRIVES AND RESCUED FOOD FROM LOCAL GROCERIES AND DISTRIBUTORS. DURING THE YEAR FOOD WAS DISTRIBUTED TO AN AVERAGE OF 875 FAMILIES PER MONTH FOR A DISTRIBUTION FOR THE YEAR TO 10,500 FAMILIES.
THE PANTRY OPERATES A CLOTHING AREA WHERE DONATED CLOTHING IS SORTED DISPLAYED AND DISTRIBUTED TO INDIVIDUALS IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A C Blunt Treasurer | OfficerTrustee | 30 | $0 |
Carolyn Dickerson Secretary | OfficerTrustee | 15 | $0 |
Linda Neighbors President | OfficerTrustee | 20 | $0 |
Larry Schultze Vice President | OfficerTrustee | 10 | $0 |
Britt Williams Director | Trustee | 2 | $0 |
Kelly Thomas Director | Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $161,546 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $161,546 |
| Total Program Service Revenue | $0 |
| Investment income | $121 |
| 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 | $161,667 |
| 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 | $0 |
| 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 | $1,609 |
| Information technology | $1,129 |
| Royalties | $0 |
| Occupancy | $15,014 |
| 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 | $0 |
| Insurance | $1,720 |
| All other expenses | $0 |
| Total functional expenses | $66,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,000 |
| Savings and temporary cash investments | $468,175 |
| 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 | $68,639 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $556,814 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $556,814 |
| 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 | $556,814 |