The Food Basket Inc
- Assets
- $8.6m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 39
- Location
- Hilo, HI
- Founding
- 07/2008
- Data as of
- 12/2021
- EIN
- 26-0349475
Organization Overview
The Food Basket Inc is located in Hilo, HI. The organization was established in 2008. 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 12/2021, Food Basket Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Basket 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 12/2021, Food Basket Inc generated $12.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $11.6m during the year ending 12/2021. While expenses have increased by 17.4% per year over the past 7 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
THE MISSION OF THE FOOD BASKET, INC. IS TO END HUNGER IN HAWAII COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH COVID19 STILL IMPACTING OUR ISLAND IN 2021, THE FOOD BASKET CONTINUED ITS EMERGENCY FOOD RESPONSE WITH PROGRAMS DESIGNED TO MEET THE NEEDS OF OUR PANDEMIC AFFECTED RESIDENTS, WHILE ALSO PROVIDING DIGNIFIED FOOD ACCESS REGARDLESS OF GEOGRAPHY. IMPLEMENTATION OF OUR LARGE-SCALE DRIVE-THROUGH OHANA COMMUNITY FOOD DROPS REMAINED ONE OF THE MOST EFFECTIVE AND EFFICIENT WAYS TO DISTRIBUTE FOOD ACROSS THE 4,028 SQUARE MILES OF HAWAII ISLAND. IN 2021, WE CONDUCTED 65 OHANA DROPS THAT SERVED OVER 31,000 FAMILIES AND NEARLY 130,000 INDIVIDUALS. CUMULATIVELY, THE FOOD BASKET DISTRIBUTED OVER 4 MILLION POUNDS OF FOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Frost Albrecht Executive Director | OfficerTrustee | 40 | $86,606 |
Dennis Lin Treasurer | OfficerTrustee | 1 | $0 |
Julia Zee Secretary | OfficerTrustee | 1 | $0 |
Ann Ebesuno Chair | OfficerTrustee | 2 | $0 |
Warren Lee Vice Chair | OfficerTrustee | 1 | $0 |
Mark Krzyzanowski Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,178,876 |
| Noncash contributions included in lines 1a–1f | $5,143,788 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,178,876 |
| Total Program Service Revenue | $2,804,488 |
| Investment income | $2,143 |
| 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 | $11,986,942 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $67,680 |
| 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. | $86,606 |
| Compensation of current officers, directors, key employees. | $12,991 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $996,696 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $281,038 |
| Payroll taxes | $125,663 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $97,742 |
| Fees for services: Other | $1,660,104 |
| Advertising and promotion | $81,734 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $193,127 |
| Travel | $18,427 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,324 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $228,401 |
| Insurance | $44,869 |
| All other expenses | $131,137 |
| Total functional expenses | $11,602,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,172,547 |
| Pledges and grants receivable | $863,947 |
| Accounts receivable, net | $7,479 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,037,734 |
| Prepaid expenses and deferred charges | $36,133 |
| Net Land, buildings, and equipment | $1,360,506 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $82,356 |
| Total assets | $8,560,702 |
| Accounts payable and accrued expenses | $331,800 |
| Grants payable | $0 |
| Deferred revenue | $102,127 |
| 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 | $8,303 |
| Total liabilities | $442,230 |
| Net assets without donor restrictions | $6,643,965 |
| Net assets with donor restrictions | $1,474,507 |
| 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 | $8,560,702 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Food Basket Inc has recieved totaling $27,000.
| Awarding Organization | Amount |
|---|---|
Ouida And Doc Hill Foundation Honolulu, HI PURPOSE: FOOD ASSISTANCE PROGRAM | $17,000 |
Gates Family Foundation Denver, CO PURPOSE: UNRESTRICTED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foodbank Of Santa Barbara County Santa Barbara, CA | $21,738,268 | $40,150,474 |
Food Finders Inc Los Alamitos, CA | $2,284,318 | $29,438,106 |
Second Harvest Food Bank Santa Cruz County Watsonville, CA | $24,793,254 | $37,137,121 |
Yolo Food Bank Woodland, CA | $15,358,381 | $27,117,699 |
Maui Food Bank Inc Wailuku, HI | $8,705,630 | $17,679,982 |
Chronicle Season Of Sharing Fund San Francisco, CA | $6,841,559 | $17,696,249 |
Aloha Harvest Honolulu, HI | $1,577,196 | $14,284,049 |
The Food Basket Inc Hilo, HI | $8,560,702 | $11,986,942 |
Emergency Food Bank Stockton, CA | $4,658,043 | $12,815,382 |
Loaves & Fishes Family Kitchen San Jose, CA | $10,477,295 | $12,232,910 |
Imperial Valley Food Bank Imperial, CA | $8,961,226 | $9,918,858 |
Food Bank Coalition Of San Luis Obispo County San Luis Obispo, CA | $10,663,552 | $12,122,062 |