Iowa Food Bank Association
- Assets
- $392.5k
- Revenue
- $580.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Waterloo, IA
- Founding
- 01/2011
- Data as of
- 06/2022
- EIN
- 27-1554605
Organization Overview
Iowa Food Bank Association is located in Waterloo, IA. The organization was established in 2011. According to its NTEE Classification (K12) the organization is classified as: Fund Raising & Fund Distribution, 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. Iowa Food Bank Association 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, Iowa Food Bank Association generated $580.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $566.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Iowa Food Bank Association has awarded 32 individual grants totaling $12,833,384. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ALLEVIATE HUNGER BY SUPPORTING FEEDING AMERICA FOOD BANKS IN IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM (SNAP) - IS AVAILABLE TO ASSIST INDIVIDUALS, BUT DUE TO LACK OF ACCESS AND KNOWLEDGE OF THE PROGRAM MANY INDIVIDUALS DO NOT APPLY TO RECEIVE BENEFITS. DURING THE YEAR, THE ORGANIZATION ASSISTED WITH 13,034 SNAP APPLICATIONS THROUGH THE IFBA HOTLINE AND OUTREACH SPECIALISTS ACROSS THE STATE.
IN COLLABORATION WITH THE IOWA DEPARTMENT OF AGRICULTURE AND LAND STEWARDSHIP, AND IOWA PORK PRODUCERS, THE "PASS THE PORK" PROJECT WAS CREATED DURING THE COVID PANDEMIC. FUNDS WERE RAISED ONLINE TO HELP IFBA MEMBER FOOD BANKS PURCHASE PORK FOR PUBLIC DISTRIBUTION. CARES ACT FUNDS WERE USED, BUT ALL EXPENDED IN PREVIOUS YEARS. THE REMAINING "PASS THE PORK" FUNDS WERE DISTRIBUTED TO FOOD BANKS BASED ON TEFAP PERCENTAGES TO ENSURE IOWANS ACROSS THE STATE RECEIVED GREATLY NEEDED PROTEIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Gorkow Executive Director | Officer | 40 | $73,387 |
Barb Prather Chair | OfficerTrustee | 1 | $0 |
Kim Guardado Treasurer/secretary | OfficerTrustee | 1 | $0 |
Michelle Book Vice Chair | OfficerTrustee | 1 | $0 |
Michael Miller Former Board Member | Trustee | 0.5 | $0 |
Brian Barks Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $170,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $254,303 |
| All other contributions, gifts, grants, and similar amounts not included above | $156,019 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $580,322 |
| Total Program Service Revenue | $0 |
| Investment income | $16 |
| 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 | $580,338 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,588 |
| 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. | $78,418 |
| Compensation of current officers, directors, key employees. | $67,802 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $586 |
| Payroll taxes | $5,844 |
| Fees for services: Management | $20,447 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,641 |
| Fees for services: Lobbying | $8,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $391,197 |
| Advertising and promotion | $6,066 |
| Office expenses | $21,936 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,230 |
| Travel | $6,644 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $882 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $854 |
| All other expenses | $2,620 |
| Total functional expenses | $565,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,248 |
| Savings and temporary cash investments | $151,375 |
| Pledges and grants receivable | $205,039 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $857 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $392,519 |
| Accounts payable and accrued expenses | $172,892 |
| 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 | $172,892 |
| Net assets without donor restrictions | $154,627 |
| Net assets with donor restrictions | $65,000 |
| 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 | $392,519 |
Grants Awarded
Over the last fiscal year, Iowa Food Bank Association has awarded $11,509,686 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Des Moines, IA PURPOSE: COVID-19 RELIEF FUNDING | $3,404,026 |
Des Moines, IA PURPOSE: COVID-19 RELIEF FUNDING | $3,404,026 |
Hiawatha, IA PURPOSE: COVID-19 RELIEF FUNDING | $880,544 |
Hiawatha, IA PURPOSE: COVID-19 RELIEF FUNDING | $880,544 |
Sioux City, IA PURPOSE: COVID-19 RELIEF FUNDING | $526,925 |
Sioux City, IA PURPOSE: COVID-19 RELIEF FUNDING | $526,925 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Iowa Food Bank Association has recieved totaling $34,579.
| Awarding Organization | Amount |
|---|---|
Delta Dental Of Iowa Johnston, IA PURPOSE: CEDAR RAPIDS TRANSFORMATION PROJECT DONATION | $25,000 |
Alliant Energy Foundation Inc Madison, WI PURPOSE: MATCHING GIFTS | $9,579 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Food Bank Association Waterloo, IA | $392,519 | $580,338 |
Iringa Hope Saint Paul, MN | $107,584 | $522,111 |
Central Plains Dairy Foundation Ft Pierre, SD | $57,844 | $0 |
Birds Of Paradise Foundation Rockford, IL | $1,054 | $0 |
Buckets For Hunger Inc Oregon, WI | $18,449 | $113,143 |
Help The Hungry Bake Sale Inc Farmington, MO | $137,336 | $0 |
Hunger Ball Of Sheboygan County Inc Sheboygan, WI | $0 | $0 |
Families-In-Transition Support Network Wisconsin Dells, WI | $54,082 | $0 |
Black Hills Stock Show Foundation Rapid City, SD | $237,385 | $125,108 |
Iowa Pork Foundation Clive, IA | $1,738,348 | $53,914 |
Boone County Auction Association Nfp Inc Kingston, IL | $14,116 | $29,317 |
Harvest In The Gardens Inc Sun Prairie, WI | $2,566 | $38,316 |