Midwest Food Bank Nfp Inc
- Assets
- $60.2m
- Revenue
- $420.3m
- Investments
- $0.0
- Employees
- 54
- Location
- Normal, IL
- Founding
- 11/2004
- Data as of
- 12/2020
- EIN
- 41-2120170
Organization Overview
Midwest Food Bank Nfp Inc is located in Normal, IL. The organization was established in 2004. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2020, Midwest Food Bank Nfp Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2020, Midwest Food Bank Nfp Inc generated $420.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $394.0m during the year ending 12/2020. While expenses have increased by 20.8% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
AS A FAITH BASED ORGANIZATION, IT IS THE MISSION OF MIDWEST FOOD BANK TO SHARE THE LOVE OF CHRIST BY ALLEVIATING HUNGER AND MALNUTRITION LOCALLY AND THROUGHOUT THE WORLD AND PROVIDING DISASTER RELIEF, ALL WITHOUT DISCRIMINATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPROXIMATELY 73,000 TONS OF FOOD, BEVERAGE AND OTHER SUPPLIES WERE DISTRIBUTED TO 2,004 ORGANIZATIONS, BOTH LOCALLY AND NATIONWIDE. IT IS ESTIMATED THAT MORE THAN 301,000 HOURS OF VOLUNTEER TIME ARE CONTRIBUTED ANNUALLY TO THE ORGANIZATION IN PROVIDING FOOD DISTRIBUTION AND DISASTER RELIEF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Hodel COO | Officer | 40 | $215,622 |
Jada Hoerr Development Director | Officer | 40 | $107,823 |
Bill Leman Vice President | OfficerTrustee | 10 | $0 |
Dave Hodel Secretary | OfficerTrustee | 10 | $0 |
David Kieser Presidentceo | OfficerTrustee | 15 | $0 |
Eric Sheldahl Director | Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,066,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $416,033,142 |
| Noncash contributions included in lines 1a–1f | $397,181,566 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $419,099,892 |
| Total Program Service Revenue | $240,596 |
| Investment income | $79,697 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$104,883 |
| Net Income from Fundraising Events | $662,978 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $420,255,647 |
| 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 | $11,252 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $331,116 |
| Compensation of current officers, directors, key employees. | $187,261 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,064,449 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $252,089 |
| Payroll taxes | $190,554 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,848 |
| Fees for services: Accounting | $35,376 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $204,207 |
| Advertising and promotion | $107,242 |
| Office expenses | $51,133 |
| Information technology | $160,208 |
| Royalties | $0 |
| Occupancy | $607,060 |
| Travel | $42,268 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $91,959 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,195,797 |
| Insurance | $267,994 |
| All other expenses | $278,685 |
| Total functional expenses | $394,000,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,103,591 |
| Savings and temporary cash investments | $902,583 |
| Pledges and grants receivable | $2,377,016 |
| Accounts receivable, net | $234,917 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $33,236,733 |
| Prepaid expenses and deferred charges | $22,051 |
| Net Land, buildings, and equipment | $13,966,712 |
| Investments—publicly traded securities | $2,290,296 |
| Investments—other securities | $0 |
| Investments—program-related | $75,615 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $60,209,514 |
| Accounts payable and accrued expenses | $214,559 |
| 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 | $1,192,211 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,406,770 |
| Net assets without donor restrictions | $55,514,268 |
| Net assets with donor restrictions | $3,288,476 |
| 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 | $60,209,514 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Midwest Food Bank Nfp Inc has recieved totaling $329,757.
| Awarding Organization | Amount |
|---|---|
Meals From The Heartland West Des Moines, IA PURPOSE: AID TO THE NEEDY | $107,919 |
Second Helpings Inc Indianapolis, IN PURPOSE: TO FEED THE HUNGRY | $85,865 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $59,660 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $21,653 |
Illinois Prairie Community Foundation Inc Bloomington, IL PURPOSE: CHARITABLE PURPOSES | $12,000 |
Fans Across America Charitablefoundation Chandler, AZ PURPOSE: Assist orgs with similar missions | $7,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midwest Food Bank Nfp Inc Normal, IL | $60,209,514 | $420,255,647 |
Presbyterian Homes Skokie, IL | $435,486,176 | $88,111,504 |
Corporate America Family Credit Elgin, IL | $613,668,128 | $34,657,142 |
Illinois Network Of Child Care Resource And Referral Agencies Bloomington, IL | $8,166,328 | $24,115,371 |
National Council Of The United States Society Of St Vincent De Pa Maryland Heights, MO | $8,302,155 | $9,953,670 |
Walter Family Foundation Chicago, IL | $632,425 | $0 |
Public Safety Properties Foundation Decatur, IL | $26,681,997 | $4,480,971 |
Renaissance Social Services Inc Chicago, IL | $630,526 | $4,953,045 |
Make-A-Wish Foundation Of Missouri And Kansas Ballwin, MO | $4,884,247 | $4,856,526 |
Chicago Architecture Biennial Inc Chicago, IL | $303,430 | $3,809,826 |
Hamdard Center For Health And Human Services Nfp Addison, IL | $3,456,080 | $4,481,082 |
Nurses For Newborns Maplewood, MO | $4,786,555 | $4,131,187 |