Fairbanks Community Food Bank Service Inc
- Assets
- $7.4m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 36
- Location
- Fairbanks, AK
- Founding
- 06/1983
- Data as of
- 06/2021
- EIN
- 92-0088266
Organization Overview
Fairbanks Community Food Bank Service Inc is located in Fairbanks, AK. The organization was established in 1983. 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 06/2021, Fairbanks Community Food Bank Service Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairbanks Community Food Bank Service 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 06/2021, Fairbanks Community Food Bank Service Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $1.8m during the year ending 06/2021. While expenses have increased by 3.0% per year over the past 6 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
COLLECTION AND DISTRIBUTION OF FOOD FOR THE NEEDY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF EMERGENCY FOOD BOXES FOR NEEDY PEOPLE AND ASSIST OTHER NONPROFIT ORGANIZATIONS SERVING PREPARED MEALS TO THE NEEDY. VOLUNTEERS SERVED 22,943 HOURS AND THE ORGANIZATION PROCESSED 4,025,186 POUNDS OF FOOD DURING THE PERIOD 7/01/20 THROUGH 6/30/21.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Weaver Chief Executive Officer | Officer | 40 | $85,181 |
Gloria Pies Financial Consultant | Officer | 3 | $10,838 |
Hollis Hall Treasurer | OfficerTrustee | 2 | $0 |
Genevieve Bell Vice President | OfficerTrustee | 2 | $0 |
Gene Therriault President | OfficerTrustee | 2 | $0 |
Patty Walter Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $14,931 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $929,186 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,829,548 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,773,665 |
| Total Program Service Revenue | $189,850 |
| Investment income | $23,083 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,986,598 |
| 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. | $85,181 |
| Compensation of current officers, directors, key employees. | $63,886 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $812,806 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,163 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $71,690 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $161,677 |
| Travel | $22,431 |
| 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 | $178,168 |
| Insurance | $40,710 |
| All other expenses | $0 |
| Total functional expenses | $1,753,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,493 |
| Savings and temporary cash investments | $748,110 |
| Pledges and grants receivable | $29,787 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $547,734 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,898 |
| Net Land, buildings, and equipment | $4,222,205 |
| Investments—publicly traded securities | $1,654,933 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,439 |
| Total assets | $7,368,599 |
| Accounts payable and accrued expenses | $108,874 |
| 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 | $108,874 |
| Net assets without donor restrictions | $4,221,038 |
| Net assets with donor restrictions | $3,038,687 |
| 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 | $7,368,599 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Fairbanks Community Food Bank Service Inc has recieved totaling $622,751.
| Awarding Organization | Amount |
|---|---|
Alaska Community Foundation Anchorage, AK | | $380,290 |
Richard L & Diane M Block Foundation Tr Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
Bill Stroecker Foundation Fairbanks, AK PURPOSE: DEBT RETIREMENT, EXEMPT PURPOSES | $41,506 |
Kroger Co Foundation Cincinnati, OH PURPOSE: ORGANIZATION'S CHARITABLE PURPOSE | $30,000 |
Dan And Gwen Ramras Charitable Tr Fairbanks, AK PURPOSE: DISTRIBUTE FOOD TO THE HUNGRY | $28,200 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
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 |
Kenai Peninsula Food Bank Inc Soldotna, AK | $2,981,723 | $4,001,585 |
Lynnwood Food Bank Lynnwood, WA | $1,188,066 | $3,976,420 |
The Des Moines Area Food Bank Des Moines, WA | $1,178,620 | $3,336,094 |