Durango Food Bank
- Assets
- $1.2m
- Revenue
- $1.3m
- Investments
- $15.1k
- Employees
- 5
- Location
- Durango, CO
- Founding
- 03/2001
- Data as of
- 12/2021
- EIN
- 84-1569247
Organization Overview
Durango Food Bank is located in Durango, CO. The organization was established in 2001. 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 12/2021, Durango Food Bank employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Durango 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 12/2021, Durango Food Bank generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 12.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WORKING IN COLLABORATION WITH OUR COMMUNITY TO FEED AND EMPOWER OUR NEIGHBORS IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED FOOD TO INDIVIDUALS FOR MONTHLY FOOD ORDERS, COMMODITIES, AND SENIOR BOXES. THE ORGANIZATION IS HEAVILY VOLUNTEER BASED TO FULFILL THE MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renea Young Board Chair | OfficerTrustee | 6 | $73,044 |
Jane Dunn Secretary | OfficerTrustee | 2 | $0 |
Michelle Sainio Treasurer | OfficerTrustee | 2 | $0 |
Sarah Smith Executive Dir. | Officer | 55 | $0 |
Dave Horton Director | Trustee | 2 | $0 |
James Jones Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $55,870 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,244,408 |
| Noncash contributions included in lines 1a–1f | $831,630 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,305,278 |
| Total Program Service Revenue | $0 |
| Investment income | $1,442 |
| 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 | $1,306,872 |
| 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. | $73,043 |
| Compensation of current officers, directors, key employees. | $7,304 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,083 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,369 |
| Payroll taxes | $8,152 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,987 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $320 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,670 |
| Travel | $475 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,276 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,065 |
| Insurance | $4,863 |
| All other expenses | $8,797 |
| Total functional expenses | $1,129,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $792,772 |
| Savings and temporary cash investments | $92,927 |
| 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 | $78,256 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $260,793 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,147 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,239,895 |
| 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 | $93,465 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $93,465 |
| Net assets without donor restrictions | $1,146,430 |
| 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 | $1,239,895 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Durango Food Bank has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
Larry And Elizabeth Crawford Family Foundation Durango, CO PURPOSE: FOOD ASSISTANCE | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Under God Ministries Phoenix, AZ | $30,673 | $5,447,831 |
Foothills Food Bank Carefree, AZ | $4,865,029 | $5,162,895 |
Saving Grace Perishable Food Rescue Inc Omaha, NE | $1,608,103 | $3,708,182 |
Arvada Community Food Bank Inc Arvada, CO | $3,397,072 | $4,129,098 |
Matthews Crossing Chandler, AZ | $619,214 | $3,131,676 |