Sequim Food Bank
- Assets
- $1.6m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 6
- Location
- Sequim, WA
- Founding
- 03/1984
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Sequim Food Bank generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 9.5% per year over the past 8 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
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 | $75,549 | |
Stephen Rosales Board Member | Trustee | 10 | $0 |
Patricia Lebowitz Board Member | Trustee | 2 | $0 |
Mark Ozias Board Member | Trustee | 1 | $0 |
Carrie Heaton Director | Trustee | 1 | $0 |
Joseph Sharkey Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $7,028 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $56,318 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,659,324 |
| Noncash contributions included in lines 1a–1f | $1,045,544 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,722,670 |
| Total Program Service Revenue | $0 |
| Investment income | $8,119 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,354 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,736,143 |
| 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. | $77,815 |
| Compensation of current officers, directors, key employees. | $38,907 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $146,606 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,767 |
| Payroll taxes | $19,940 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,842 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,260 |
| Fees for services: Other | $8,970 |
| Advertising and promotion | $0 |
| Office expenses | $13,222 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,970 |
| Travel | $1,207 |
| 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 | $48,482 |
| Insurance | $8,493 |
| All other expenses | $10,038 |
| Total functional expenses | $1,850,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,056 |
| Savings and temporary cash investments | $786,276 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,307 |
| 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 | $305,958 |
| Investments—publicly traded securities | $277,350 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,614,947 |
| Accounts payable and accrued expenses | $44,137 |
| 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 | $8,191 |
| Total liabilities | $52,328 |
| 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 | $1,562,619 |
| Total liabilities and net assets/fund balances | $1,614,947 |