St Croix Valley Foodbank Inc
- Assets
- $3.4m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 14
- Location
- Hudson, WI
- Founding
- Data as of
- 09/2023
- EIN
- 85-2550542
Organization Overview
St Croix Valley Foodbank Inc is located in Hudson, WI. 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 09/2023, St Croix Valley Foodbank Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Croix Valley Foodbank 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 09/2023, St Croix Valley Foodbank Inc generated $9.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 54.2% each year . All expenses for the organization totaled $7.2m during the year ending 09/2023. While expenses have increased by 58.1% per year over the past 3 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ST. CROIX VALLEY FOOD BANK, INC. (THE "FOOD BANK") IS A NOT-FOR-PROFIT ORGANIZATION ESTABLISHED IN 2020 FOR THE PURPOSE OF ENDING HUNGER IN WESTERN WISCONSIN. THE FOOD BANK OPERATES A MOBILE PANTRY WHICH SERVES RURAL AREAS WITHOUT A FOOD PANTRY AND UNDERSERVED COMMUNITIES WITH HIGH POVERTY LEVELS. IN ADDITION, THE FOOD BANK RECEIVES AND DISTRIBUTES FOOD PRODUCT TO MORE THAN 55 PARTNER AGENCIES -- PANTRIES, HOMELESS SHELTERS, AND DOMESTIC ABUSE SHELTERS IN WESTERN WISCONSIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOOD BANK DISTRIBUTED HEALTHY FOOD SUCH AS MILK, EGGS, MEAT,VEGETABLES, FRUIT, AND HOUSEHOLD GOODS TO OVER 55 PARTNER AGENCIES - PANTRIES, HOMELESS SHELTERS, BACKPACK PROGRAMS, AND DOMESTIC ABUSE SHELTERS IN WESTERN WISCONSIN. IN ADDITION, THE FOOD BANK RECEIVED FOOD CONTRIBUTIONS AND PURCHASED FOOD AND DISTRIBUTED FOOD TO THOSE WHO STRUGGLE WITH HUNGER THROUGH THE FOOD BANK'S MOBILE PANTRY SERVING RURAL, HIGH POVERTY COMMUNITIES IN WESTERN WISCONSIN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Searles Executive Di | Officer | 50 | $98,591 |
Marc Ruska President | OfficerTrustee | 0.5 | $0 |
Brian Elwood Vice Preside | OfficerTrustee | 0.5 | $0 |
Ann Schilling Secretary | OfficerTrustee | 0.5 | $0 |
Steve Snell Director | Trustee | 0.25 | $0 |
Jim Dahl Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $44,775 |
| Related organizations | $0 |
| Government grants | $387,313 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,352,602 |
| Noncash contributions included in lines 1a–1f | $5,255,152 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,784,690 |
| Total Program Service Revenue | $620,903 |
| Investment income | $12,522 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,325 |
| Net Gain/Loss on Asset Sales | $14,000 |
| Net Income from Fundraising Events | -$691 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,438,749 |
| 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. | $109,462 |
| Compensation of current officers, directors, key employees. | $87,570 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $429,476 |
| Pension plan accruals and contributions | $19,285 |
| Other employee benefits | $16,811 |
| Payroll taxes | $45,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $525 |
| Fees for services: Accounting | $18,852 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,538 |
| Advertising and promotion | $2,812 |
| Office expenses | $24,923 |
| Information technology | $17,784 |
| Royalties | $0 |
| Occupancy | $161,844 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,640 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,480 |
| Insurance | $13,735 |
| All other expenses | $22,631 |
| Total functional expenses | $7,185,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,084 |
| Savings and temporary cash investments | $1,311,001 |
| Pledges and grants receivable | $254,520 |
| Accounts receivable, net | $45,431 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $412,495 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,042,612 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $26,586 |
| Other assets | $263,029 |
| Total assets | $3,421,758 |
| Accounts payable and accrued expenses | $194,066 |
| Grants payable | $0 |
| Deferred revenue | $5,637 |
| 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 | $211,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $203,875 |
| Total liabilities | $614,578 |
| Net assets without donor restrictions | $1,184,893 |
| Net assets with donor restrictions | $1,622,287 |
| 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 | $3,421,758 |