Loon Lake Food Bank And Resource Center
- Assets
- $287.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Loon Lake, WA
- Founding
- 06/1984
- Data as of
- 06/2024
- EIN
- 91-1236018
Organization Overview
Loon Lake Food Bank And Resource Center is located in Loon Lake, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loon Lake Food Bank And Resource Center 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 06/2024, Loon Lake Food Bank And Resource Center generated $150.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $142.7k during the year ending 06/2024. While expenses have increased by 10.0% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
DURING THE YEAR ENDED JUNE 30, 2023 OVER 10,710 FAMILIES AND OVER 26,447 INDIVIDUALS IN LOON LAKE AND THE SURROUNDING AREA WERE PROVIDED FOR BY THE LOON LAKE FOOD PANTRY. FOR THOSE UNABLE TO COME TO THE CENTER, FOOD WAS DELIVERED TO HOMES BY VOLUNTEERS.THE FOOD BANK ALSO RECEIVED $328,423 IN DONATED VOLUNTEER HOURS AND FOOD DONATIONS VALUED AT $1,834,449.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Douglas Moulding Treasurer | 8 | $0 | |
Liz Bauer President | 5 | $0 | |
R Douglas Moulding Secretary | 2 | $0 | |
Michael Cantrell-Smith Board Member | 1 | $0 | |
Len Scott Board Member | 1 | $0 | |
Terry Mitchell Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,410 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $9,115 |
| Gain or Loss | $2,269 |
| Net Income from Gaming & Fundraising | $2,741 |
| Other Revenue | $0 |
| Total Revenue | $150,535 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $34,114 |
| Professional fees and other payments to independent contractors | $1,180 |
| Occupancy, rent, utilities, and maintenance | $46,505 |
| Printing, publications, postage, and shipping | $4,710 |
| Other expenses | $56,144 |
| Total expenses | $142,653 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $86,552 |
| Other assets | $0 |
| Total assets | $287,949 |
| Total liabilities | $61,865 |
| Net assets or fund balances | $226,084 |