Food Bank Of Alaska Inc
- Assets
- $18.1m
- Revenue
- $18.0m
- Investments
- $0.0
- Employees
- 50
- Location
- Anchorage, AK
- Founding
- 12/1979
- Data as of
- 06/2022
- EIN
- 92-0073175
Organization Overview
Food Bank Of Alaska Inc is located in Anchorage, AK. The organization was established in 1979. 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 06/2022, Food Bank Of Alaska Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Bank Of Alaska 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 06/2022, Food Bank Of Alaska Inc generated $18.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $18.2m during the year ending 06/2022. While expenses have increased by 4.0% per year over the past 5 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.
Since 2016, Food Bank Of Alaska Inc has awarded 56 individual grants totaling $352,818. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOOD BANK OF ALASKA BELIEVES NO ONE DESERVES TO BE HUNGRY WE ARE DEDICATED TO ELIMINATING HUNGER IN ALASKA
Describe the Organization's Program Activity:
THE PROGRAM SERVICES ARE DEDICATED FOR PROVIDING AND DISTRIBUTING FOOD TO PARTNER AGENCIES FEEDING HUNGRY PEOPLE AND THROUGH ANTI-HUNGER LEADERSHIP. FOOD DISTRIBUTIONS INCLUDE PARTNER FOOD PANTRIES, SOUP KITCHENS, SENIOR CENTERS, AND CHILDRENS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Baldwin CEO | Officer | 40 | $105,401 |
Mike Reusser COO | Officer | 40 | $98,290 |
Barb Siebel CFO | Officer | 40 | $95,764 |
Jenny Digrappa Cdo | Officer | 40 | $85,371 |
Claudia Russell Member | Trustee | 2 | $0 |
Elizabeth Nobmann Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $62,781 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,441,516 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,073,608 |
| Noncash contributions included in lines 1a–1f | $12,172,642 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,577,905 |
| Total Program Service Revenue | $397,775 |
| Investment income | $2,958 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,012 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $61,056 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,038,265 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,538 |
| 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. | $417,071 |
| Compensation of current officers, directors, key employees. | $93,208 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,554,892 |
| Pension plan accruals and contributions | $33,072 |
| Other employee benefits | $367,458 |
| Payroll taxes | $163,140 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,698 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $25,651 |
| Fees for services: Investment Management | $5,901 |
| Fees for services: Other | $47,728 |
| Advertising and promotion | $0 |
| Office expenses | $33,066 |
| Information technology | $191,432 |
| Royalties | $0 |
| Occupancy | $402,025 |
| Travel | $40,792 |
| 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 | $409,274 |
| Insurance | $94,657 |
| All other expenses | $136,466 |
| Total functional expenses | $18,205,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $977,754 |
| Savings and temporary cash investments | $3,570,367 |
| Pledges and grants receivable | $380,002 |
| Accounts receivable, net | $173,580 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,453,488 |
| Prepaid expenses and deferred charges | $37,971 |
| Net Land, buildings, and equipment | $11,469,923 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,063,085 |
| Accounts payable and accrued expenses | $252,895 |
| 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 | $0 |
| Total liabilities | $252,895 |
| Net assets without donor restrictions | $17,294,499 |
| Net assets with donor restrictions | $515,691 |
| 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 | $18,063,085 |
Grants Awarded
Over the last fiscal year, Food Bank Of Alaska Inc has awarded $42,960 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KENAI PENINSULA FOOD BANK | | | $12,983 |
SOUTHEAST ALASKA FOOD BANK | | | $7,026 |
FAIRBANKS COMMUNITY FOOD BANK | | | $22,951 |