Imperial Valley Food Bank Foundation
- Assets
- $6.3m
- Revenue
- $149.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Imperial, CA
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-1547019
Organization Overview
Imperial Valley Food Bank Foundation is located in Imperial, CA. The organization was established in 2019. According to its NTEE Classification (K11) the organization is classified as: Single Organization Support, 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. Imperial Valley Food Bank Foundation 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, Imperial Valley Food Bank Foundation generated $149.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (43.9%) each year. All expenses for the organization totaled $409.6k during the year ending 12/2021. 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
IMPERIAL VALLEY FOOD BANK FOUNDATION, INC WAS FORMED TO SUPPORT IMPERIAL VALLEY FOOD BANK THROUGH OBTAINING THE NEW MARKET TAX CREDIT (NMTC) PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPERIAL VALLEY FOOD BANK FOUNDATION, INC WAS FORMED TO SUPPORT IMPERIAL VALLEY FOOD BANK THROUGH OBTAINING THE NEW MARKET TAX CREDIT (NMTC) PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Barros President | OfficerTrustee | 1 | $0 |
Cathy Kennerson Secretary | OfficerTrustee | 1 | $0 |
Carla Kuhn Treasurer | OfficerTrustee | 1 | $0 |
Sara Griffen CEO | Officer | 1 | $0 |
John Levada Member | Trustee | 1 | $0 |
Bill Plourd Member | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $150,000 |
| Net Gain/Loss on Asset Sales | -$113 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $149,887 |
| 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 | $900 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $183,063 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $221,804 |
| Insurance | $1,446 |
| All other expenses | $27 |
| Total functional expenses | $409,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,747 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,882,249 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,726 |
| Total assets | $6,253,722 |
| 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 | $6,370,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,370,000 |
| Net assets without donor restrictions | -$116,278 |
| 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 | $6,253,722 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Imperial Valley Food Bank Foundation has recieved totaling $174,017.
| Awarding Organization | Amount |
|---|---|
Food Forward Inc North Hollywood, CA PURPOSE: FRESH PRODUCE DONATION | $174,017 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partners For A Hunger Free Oregon Portland, OR | $973,628 | $1,017,051 |
Jubilee Justice Inc Oakland, CA | $4,298,991 | $4,084,320 |
Shamrock Foods Foundation Phoenix, AZ | $44,227 | $600,900 |
Ccfb Real Estate Inc Fresno, CA | $8,010,137 | $252,617 |
Friends Of Action Group On Erosion Technology And Concentration Inc Oakland, CA | $11,276 | $433,655 |
Imperial Valley Food Bank Foundation Imperial, CA | $6,253,722 | $149,887 |
Hawaii Foundation For Agriculture Research Kunia, HI | $1,379,985 | $13,334 |
Emergent Foods Initiative Berkeley, CA | $1,158 | $0 |
Oregon Agriculture Foundation Hillsboro, OR | $1,468,784 | $76,144 |
Cvhs Falcon Football Boosters Montrose, CA | $28,509 | $0 |
Nevada County Fairgrounds Foundation Inc Grass Valley, CA | $179,659 | $0 |
California Pumpkin Growers Club Inc Penryn, CA | $20,894 | $0 |