Commonfood Inc
- Assets
- $187.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- State College, PA
- Founding
- 07/2018
- Data as of
- 12/2023
- EIN
- 82-5515280
Organization Overview
Commonfood Inc is located in State College, PA. 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. Commonfood 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 12/2023, Commonfood Inc generated $49.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (26.6%) each year. All expenses for the organization totaled $47.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (21.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
COMMONFOOD PROVIDED APPROXIMATELY 85 POUNDS OF NUTRITIONAL FOOD TO 180-200 FAMILIES ON THE THIRD SATURDAY OF EACH MONTH IN THE CENTRE COUNTY REGION OF PA. WE ARE 100% VOLUNTEER SO ALL DONATIONS GO TOWARDS THE PURCHASE AND DISTRIBUTION OF THE FOOD. IN 2023 COMMONFOOD PICKED UP OVER 94,000 POUNDS OF "RESCUE FOOD" THAT WOULD HAVE BEEN DISPOSED OF IN A LANDFILL. WE ALSO RECIEVED ACKNOWLEDGEMENT THAT WE WERE AWARDED A GRANT OF UP TO $50,000 TO HELP IN THE REFRIGERATION OF FOOD THAT WE GIVE TO NEEDY FAMILIES. THE FREEZER AND COOLER WERE PURCHASED AND ARE A GREAT BLESSING. WE'LL SEE REIMBURSEMENT ON OUR 2024 FILING. THE GRANT WAS AVAILABLE FOR UP TO $50,000 OUR ELIGIBLE EXPENSES THAT WILL BE REIMBURSED ARE APPROX $44200. SOME OF THE ELECTRICAL AND STANDBY GENERATOR ARE NOT COVERED EXPENSES. TOTAL EXPENSES FOR THE FOOD PROGRAM $46107 WHICH DOES NOT INCLUDE THE 45,333 EXPENSE OF WHICH THERE WILL BE 43K+ REIMBURSED ON THE 2024 REPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Leaman President | 18 | $0 | |
Mike Prinkey Vice President | 6 | $0 | |
Sheryl Leaman Treasurer | 20 | $0 | |
Susan Romanini Secretary | 3 | $0 | |
Rachel Prinkey Member At Large | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,585 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $376 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $48,961 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $4,691 |
| Printing, publications, postage, and shipping | $607 |
| Other expenses | $42,553 |
| Total expenses | $47,851 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,504 |
| Other assets | $0 |
| Total assets | $187,649 |
| Total liabilities | $0 |
| Net assets or fund balances | $187,649 |