Matsu Food Bank
- Assets
- $2.9m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 5
- Location
- Wasilla, AK
- Founding
- 11/1994
- Data as of
- 12/2023
- EIN
- 92-0150918
Organization Overview
Matsu Food Bank is located in Wasilla, AK. The organization was established in 1994. 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 12/2023, Matsu Food Bank employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matsu 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 12/2023, Matsu Food Bank generated $2.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTION OF DONATED FOOD TO RECIPIENTS IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD IS PACKAGED FOR DISTRIBUTION FOR THE GENERAL PUBLIC. MEALS WERE PROVIDED FOR THE FOOD-FOR-KID PROGRAM PEOPLE AND WERE PRE-PACKAGED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward M Ezelle Prior Director | 0.75 | $75,347 | |
Cody Russell Board Member | Trustee | 0.5 | $0 |
Marty Metiva Board Member | Trustee | 0.2 | $0 |
Tammy Bierman Board Member | Trustee | 0.75 | $0 |
Crystal Nygard Board Member | Trustee | 0.5 | $0 |
Diana Soliday Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $99,398 |
| Related organizations | $0 |
| Government grants | $1,562,242 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,050,037 |
| Noncash contributions included in lines 1a–1f | $679,450 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,711,677 |
| Total Program Service Revenue | $0 |
| Investment income | $702 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $88,634 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $35,494 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,836,507 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $844,293 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,347 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $122,210 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,427 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,598 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,343 |
| Office expenses | $9,068 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,766 |
| Travel | $528 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,395 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,081 |
| Insurance | $29,532 |
| All other expenses | $39,712 |
| Total functional expenses | $1,343,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,475 |
| Savings and temporary cash investments | $285,780 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$7,801 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $224,723 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,248,942 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,530 |
| Total assets | $2,914,649 |
| Accounts payable and accrued expenses | $15,661 |
| 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 | $458 |
| Total liabilities | $16,119 |
| 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 | $2,898,530 |
| Total liabilities and net assets/fund balances | $2,914,649 |