Sequim Food Bank
- Assets
- $1.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Sequim, WA
- Founding
- 03/1984
- Data as of
- 12/2021
- EIN
- 91-1215709
Organization Overview
Sequim Food Bank is located in Sequim, WA. The organization was established in 1984. 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, Sequim Food Bank employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sequim 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, Sequim Food Bank generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 10.6% 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
TO PROVIDE FOOD AND ASSISTANCE TO INDIVIDUALS AND ORGANIZATIONS WITHIN OUR COMMUNITY SO THAT "NO ONE GOES HUNGRY IN SEQUIM".OUR 5 CORE VALUES THAT GUIDE OUR WORK:1. COMPASSION AND RESPECT: TURN NO ONE AWAY FROM SERVICES AND ALWAYS ENCOURAGE POSITIVE RELATIONSHIPS WITH CLIENTS AND THE COMMUNITY.2. STEWARDSHIP & SUSTAINABILITY: BE RESPONSIBLE STEWARDS OF OUR RESOURCES WITH FOCUS ON PROVIDING A WELL MAINTAINED, SAFE FACILITY AND EQUIPMENT, AND MINIMIZING WASTE AS MUCH AS POSSIBLE.3. EDUCATION & PREVENTION: COMMIT TO PROMOTING HEALTHY EATING WHILE REDUCING HUNGER. STRIVE TO UNDERSTAND AND ELIMINATE THE ROOT CAUSES OF HUNGER.4. COLLABORATION & COOPERATION: ENGAGE AND INVOLVE A NETWORK OF COMMUNITY MEMBERS.5. DIVERSITY & MULTICULTURALISM: UNDERSTAND THE DIVERSE INDIVIDUAL AND CULTURAL NEEDS IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FOOD TO THOSE IN NEED LIVING IN SEQUIM. VOLUNTEERS ASSIST IN ORGANIZING AND DISTRIBUTING THE FOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andra Smith Executive Director | 40 | $68,125 | |
Stephanie Price President | Officer | 3 | $0 |
Jeffrey Forberg Secretary/treas | Officer | 2 | $0 |
Deon Kapetan Vice President | Officer | 2 | $0 |
Stephen Rosales Board Member | Trustee | 10 | $0 |
David Price Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $186,989 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,896,060 |
| Noncash contributions included in lines 1a–1f | $1,260,365 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,083,049 |
| Total Program Service Revenue | $0 |
| Investment income | $4,531 |
| Tax Exempt Bond Proceeds | $3,821 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,011 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,098,412 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,550 |
| 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. | $68,125 |
| Compensation of current officers, directors, key employees. | $68,125 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,493 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,859 |
| Payroll taxes | $13,475 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,736 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,531 |
| Fees for services: Other | $9,915 |
| Advertising and promotion | $0 |
| Office expenses | $10,969 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,503 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,592 |
| Insurance | $10,229 |
| All other expenses | $14,774 |
| Total functional expenses | $1,804,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,085 |
| Savings and temporary cash investments | $939,857 |
| 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 | $354,440 |
| Investments—publicly traded securities | $269,596 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,717,978 |
| Accounts payable and accrued expenses | $34,088 |
| 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 | $7,279 |
| Total liabilities | $41,367 |
| Net assets without donor restrictions | $0 |
| 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 | $1,676,611 |
| Total liabilities and net assets/fund balances | $1,717,978 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Sequim Food Bank has recieved totaling $64,115.
| Awarding Organization | Amount |
|---|---|
The Seattle Foundation Seattle, WA PURPOSE: FULL TIME OPERATIONS SUPPORT SPECIALIST | $30,000 |
Albert Haller Foundation Sequim, WA PURPOSE: HOLIDAY FOOD BASKETS FOR NOVEMBER AND DECEMBER. | $12,000 |
Columbus Foundation Columbus, OH PURPOSE: SOCIAL SERVICES | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $5,500 |
Ben & Myrtle Walkling Memorial Trust Port Angeles, WA PURPOSE: PROGRAM SUPPORT | $5,000 |
Sustainable Solutions Foundation Sequim, WA PURPOSE: FEED THE NEEDY | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Food For Lane County Eugene, OR | $21,565,696 | $21,900,710 |
Marion-Polk Food Share Inc Salem, OR | $12,481,523 | $19,024,732 |
Blue Mountain Action Council Inc Walla Walla, WA | $15,285,030 | $16,921,304 |
Clark County Food Bank Vancouver, WA | $21,573,069 | $16,473,935 |
Thurston County Food Bank Olympia, WA | $15,377,704 | $14,632,997 |
Nourish Pierce County Tacoma, WA | $6,902,887 | $13,313,194 |
Community Resource Tr Salem, OR | $3,086,644 | $1,030,928 |
Alternatives To Hunger Bellingham, WA | $14,845,040 | $9,214,173 |
Bonney Lake Community Resources Buckley, WA | $943,649 | $8,388,464 |
Helping Hands Food Bank Of Sedro Woolley Sedro Woolley, WA | $3,405,345 | $7,836,034 |
West Seattle Food Bank Seattle, WA | $4,611,291 | $5,862,402 |
Tri-Cities Food Bank Kennewick, WA | $2,774,652 | $5,081,989 |