Utah Food Bank
- Assets
- $76.0m
- Revenue
- $155.1m
- Investments
- $0.0
- Employees
- 151
- Location
- Salt Lake City, UT
- Founding
- 07/1959
- Data as of
- 06/2022
- EIN
- 87-0212453
Organization Overview
Utah Food Bank is located in Salt Lake City, UT. The organization was established in 1959. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Utah Food Bank employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah 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 06/2022, Utah Food Bank generated $155.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $137.1m during the year ending 06/2022. While expenses have increased by 9.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
UTAH FOOD BANK FIGHTS HUNGER STATEWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATEWIDE FOOD DISTRIBUTION - COLLECT AND DISTRIBUTE FOOD VIA A STATEWIDE NETWORK OF 230 PARTNER AGENCIES LOCATED IN ALL 29 COUNTIES. FOOD IS PROVIDED THROUGH OUR EMERGENCY FOOD ASSISTANCE PROGRAM AND ALL FOOD DISTRIBUTED IS FREE-OF-CHARGE TO PARTNER AGENCIES.
DIRECT FOOD PROGRAMS - UTAH FOOD BANK PROGRAMS OFFERED TO HELP THE MOST VULNERABLE POPULATIONS IN OUR STATE - CHILDREN AND SENIORS. DIRECT FOOD PROGRAMS INCLUDE: KIDS CAFE, MOBILE SCHOOL PANTRIES, FOOD BOX AND COMMUNITY MOBILE PANTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zach England Vice Chair | Trustee | 1 | $0 |
Rick Foster Board Member | Trustee | 1 | $0 |
Don Ipson Board Member | Trustee | 1 | $0 |
Jarod Hunt Board Member | Trustee | 1 | $0 |
Ron Jorgensen Board Member | Trustee | 1 | $0 |
Aubriana Martindale Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $25,157 |
| Membership dues | $0 |
| Fundraising events | $267,719 |
| Related organizations | $0 |
| Government grants | $4,032,477 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,655,201 |
| Noncash contributions included in lines 1a–1f | $119,898,706 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,980,554 |
| Total Program Service Revenue | $0 |
| Investment income | $30,257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $150,641 |
| Net Gain/Loss on Asset Sales | $48,152 |
| Net Income from Fundraising Events | -$124,556 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $155,085,048 |
| 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. | $719,696 |
| Compensation of current officers, directors, key employees. | $291,177 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,553,187 |
| Pension plan accruals and contributions | $252,744 |
| Other employee benefits | $1,084,275 |
| Payroll taxes | $455,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,863 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $114,250 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $335,799 |
| Advertising and promotion | $0 |
| Office expenses | $122,115 |
| Information technology | $66,695 |
| Royalties | $0 |
| Occupancy | $224,696 |
| Travel | $20,078 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,255 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,193,317 |
| Insurance | $130,269 |
| All other expenses | $1,623,138 |
| Total functional expenses | $137,060,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $40,431,143 |
| Pledges and grants receivable | $2,098,922 |
| Accounts receivable, net | $68,832 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,659,859 |
| Prepaid expenses and deferred charges | $76,579 |
| Net Land, buildings, and equipment | $28,689,167 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $76,024,502 |
| Accounts payable and accrued expenses | $2,357,290 |
| 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 | $224,270 |
| Total liabilities | $2,581,560 |
| Net assets without donor restrictions | $72,969,784 |
| Net assets with donor restrictions | $473,158 |
| 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 | $76,024,502 |