Akron-Canton Regional Foodbank
- Assets
- $38.4m
- Revenue
- $52.4m
- Investments
- $0.0
- Employees
- 105
- Location
- Akron, OH
- Founding
- 08/1982
- Data as of
- 12/2021
- EIN
- 34-1369388
Organization Overview
Akron-Canton Regional Foodbank is located in Akron, OH. The organization was established in 1982. 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, Akron-Canton Regional Foodbank employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Akron-Canton Regional Foodbank 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, Akron-Canton Regional Foodbank generated $52.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $47.8m during the year ending 12/2021. While expenses have increased by 3.2% 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.
Since 2015, Akron-Canton Regional Foodbank has awarded 373 individual grants totaling $5,089,100. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FEED PEOPLE, FIGHT HUNGER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROCURE, WAREHOUSE, AND FACILITATE THE DISTRIBUTION OF DONATED FOODS AND OTHER PRODUCTS TO QUALIFIED ORGANIZATIONS WHICH SERVE PEOPLE IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Flowers President And CEO | Officer | 50 | $251,181 |
Michelle Hinton VP Marketing And Fund Deve | Officer | 50 | $160,420 |
Jennifer Dyer Director Of Operations | 50 | $136,309 | |
Gina Campbell Director Of Fund Developme | 50 | $104,508 | |
Michael Wilson Director Of Marketing And Communications | 50 | $100,862 | |
Tim Sisler Advisory CFO | Officer | 25 | $96,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $180,196 |
| Related organizations | $68,835 |
| Government grants | $13,211,115 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,224,897 |
| Noncash contributions included in lines 1a–1f | $35,455,299 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,685,043 |
| Total Program Service Revenue | $453,445 |
| Investment income | $116,733 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $165,244 |
| Net Income from Fundraising Events | -$48,344 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,426,998 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,844,718 |
| 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. | $553,106 |
| Compensation of current officers, directors, key employees. | $249,027 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,286,084 |
| Pension plan accruals and contributions | $129,038 |
| Other employee benefits | $575,498 |
| Payroll taxes | $454,255 |
| 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 | $0 |
| Fees for services: Other | $23,949 |
| Advertising and promotion | $94,771 |
| Office expenses | $470,460 |
| Information technology | $228,558 |
| Royalties | $0 |
| Occupancy | $632,780 |
| Travel | $0 |
| 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 | $486,427 |
| Insurance | $75,983 |
| All other expenses | $165,938 |
| Total functional expenses | $47,782,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,872,254 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,185,451 |
| Accounts receivable, net | $31,117 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,530,750 |
| Inventories for sale or use | $1,712,162 |
| Prepaid expenses and deferred charges | $5,139 |
| Net Land, buildings, and equipment | $5,310,596 |
| Investments—publicly traded securities | $2,403,287 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,318,583 |
| Total assets | $38,369,339 |
| Accounts payable and accrued expenses | $984,312 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,484,312 |
| Net assets without donor restrictions | $30,205,962 |
| Net assets with donor restrictions | $6,679,065 |
| 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 | $38,369,339 |
Grants Awarded
Over the last fiscal year, Akron-Canton Regional Foodbank has awarded $2,685,088 in support to 153 organizations.
| Grant Recipient | Amount |
|---|---|
Dover, OH PURPOSE: FOOD PROGRAM | $99,854 |
Massillon, OH PURPOSE: FOOD PROGRAM | $83,692 |
Akron, OH PURPOSE: FOOD PROGRAM | $68,635 |
Akron, OH PURPOSE: FOOD PROGRAM | $67,753 |
THE SALVATION ARMY (AKRON)PANTRY & MEAL PURPOSE: FOOD PROGRAM | $65,480 |
Dover, OH PURPOSE: FOOD PROGRAM | $61,242 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Akron-Canton Regional Foodbank has recieved totaling $31,950.
| Awarding Organization | Amount |
|---|---|
Nancy Andrews Family Foundation Richfield, OH PURPOSE: REDUCE HUNGER | $15,000 |
Laura B Frick Tr U Item 17 Uwo Pittsburgh, PA PURPOSE: WC DISTRIBUTION | $10,000 |
Hillier Family Foundation Akron, OH PURPOSE: SOCIAL SERVICES | $5,000 |
Hagar Family Foundation Novato, CA PURPOSE: TO FURTHER THE PREDOMINANT EXEMPT FUNCTION OF THE RECIPIENTS ORGANIZATION | $1,000 |
Swagelok Foundation Solon, OH PURPOSE: TO FURTHER THE ORGANIZATION'S TAX EXEMPT PURPOSE | $950 |
Endowment Analysis
| Beg. Balance | $1,574,087 |
| Earnings | $206,270 |
| Admin Expense | $7,523 |
| Net Contributions | $1,256,828 |
| Other Expense | $68,835 |
| Ending Balance | $2,960,827 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-Ohio Foodbank Grove City, OH | $66,739,553 | $150,715,504 |
Central Pennsylvania Food Bank Harrisburg, PA | $41,756,494 | $105,777,464 |
Greater Cleveland Food Bank Inc Cleveland, OH | $99,360,232 | $158,496,466 |
Gleaners Community Food Bank Of Southeastern Michigan Detroit, MI | $35,933,919 | $120,810,438 |
Philabundance Philadelphia, PA | $62,856,979 | $111,938,565 |
Forgotten Harvest Inc Oak Park, MI | $66,875,011 | $91,679,704 |
Food Bank Of Eastern Michigan Inc Flint, MI | $43,208,303 | $106,664,807 |
Freestore-Foodbank Inc Cincinnati, OH | $43,700,173 | $84,720,917 |
Greater Pittsburgh Community Food Bank Duquesne, PA | $60,747,557 | $86,169,867 |
Gods Pantry Food Bank Inc Lexington, KY | $29,295,834 | $63,304,764 |
Feeding America West Michigan Comstock Park, MI | $22,537,304 | $50,507,823 |
Akron-Canton Regional Foodbank Akron, OH | $38,369,339 | $52,426,998 |