Northeast Iowa Food Bank Inc
- Assets
- $13.0m
- Revenue
- $17.2m
- Investments
- $0.0
- Employees
- 54
- Location
- Waterloo, IA
- Founding
- 12/1981
- Data as of
- 06/2022
- EIN
- 42-1169648
Organization Overview
Northeast Iowa Food Bank Inc is located in Waterloo, IA. The organization was established in 1981. 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 06/2022, Northeast Iowa Food Bank Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Iowa Food Bank 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 06/2022, Northeast Iowa Food Bank Inc generated $17.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $18.9m during the year ending 06/2022. While expenses have increased by 6.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RECEIVING AND DISTRIBUTING FOOD AND NON-FOOD PRODUCTS TO PEOPLE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEDAR VALLEY FOOD PANTRY PROGRAM - PROVIDED AN AVERAGE OF 3,10 FAMILIES EACH MONTH WITH FOOD THROUGH THE CEDAR VALLEY FOOD PANTRY. THIS PROGRAM PROVIDES SUPPLEMENTAL FOOD AND GROCERY PRODUCTS TO THOSE WHO FALL UNDER THE FEDERAL POVERTY GUIDELINES.
MEMBER AGENCY DISTRIBUTION PROGRAM FOOD DISTRIBUTION TO NONPROFIT PANTRIES, COMMUNITY MEAL SITES, DAY CARES AND OTHER COMMUNITY PROGRAMS IN OUR 16 COUNTY SERVICE AREA. WE HAVE OVER 153 MEMBER AGENCIES.
OTHER PROGRAMS : BACKPACK PROGRAM - PROVIDED 159 SCHOOLS WITH FOOD THROUGH THE BACKPACK PROGRAM, PROVIDING OVER 100,000 BAGS TO OVER 3,509 KIDS EACH WEEK DURING THE NORMAL; SCHOOL YEAR. THIS FOOD IS PROVIDED FOR KIDS TO MAKE SURE THEY HAVE FOOD OVER THE WEEKEND WHEN SCHOOL IS NOT IN SESSION. KIDS CAFE PROGRAM - PROVIDED OVER 46,000 MEALS TO KIDS IN THE SCHOOL YEAR THROUGH THE KIDS CAFE PROGRAM WHILE ALSO SERVING ON AVERAGE 230 CHILDREN DAILY. WE SERVED CHILDREN AT 13 SITES INCLUDING THE SALVATION ARMY, BOYS & GIRLS CLUB, YWCA & YMCA. THIS PROGRAM PROVIDES MEALS AND FOOD TO KIDS THROUGH AFTER SCHOOL PROGRAMS. ELDERLY NUTRITION PROGRAM - PROVIDED AN AVERAGE OF 198 INDIVIDUALS MONTHLY WITH FOOD THROUGH OUR ELDERLY NUTRITION PROGRAM. WE DISTRIBUTED OVER 160,437 MEALS IN PARTNERSHIP WITH AREA AGENCIES ON AGING AND SENIOR SITES FOR SENIORS WHO ARE HOMEBOUND OR NEED FOOD OVER THE WEEKEND WHEN SENIOR MEAL SITES ARE NOT OPERATIONAL.MOBILE FOOD PANTRY PROGRAM - PROVIDED 17 COMMUNITIES IN NORTHEAST IOWA WITH MOBILE FOOD PANTRIES, REACHING AN AVERAGE OF 93 FAMILIES EACH MONTH AT EACH SITE, PROVIDING OVER 929,000 MEALS TOTAL. MOBILE FOOD PANTRIES PROVIDE SUPPLEMENTAL ASSISTANCE TO UNDER-SERVED COMMUNITIES. SUMMER FEEDING PROGRAM - SUMMER OF 2021 WE WERE AT 17 SITES. THIS INCLUDES SITES IN WATERLOO, CEDAR FALLS, CHICKASAW COUNTY & FAYETTE COUNTY. WE SERVED AN AVERAGE OF 300 KIDS EACH DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Prather Executive Director | Officer | 45 | $107,655 |
Michelle Sullivan Dir. Of Operations (thru Aug 2022) | Officer | 45 | $74,292 |
Paul Jungen II Secretary | OfficerTrustee | 1 | $0 |
Corey Lorenzen Vice Chair | OfficerTrustee | 1 | $0 |
Emily Girsch Treasurer | OfficerTrustee | 0.5 | $0 |
Ken Cutts Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $61,347 |
| Membership dues | $0 |
| Fundraising events | $11,560 |
| Related organizations | $0 |
| Government grants | $5,948,344 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,913,129 |
| Noncash contributions included in lines 1a–1f | $12,510,244 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,934,380 |
| Total Program Service Revenue | $209,647 |
| Investment income | $54,187 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,195 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,224,102 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $205,061 |
| Compensation of current officers, directors, key employees. | $86,920 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,496,735 |
| Pension plan accruals and contributions | $77,719 |
| Other employee benefits | $132,846 |
| Payroll taxes | $126,284 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,369 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $198,609 |
| Office expenses | $65,617 |
| Information technology | $89,530 |
| Royalties | $0 |
| Occupancy | $171,182 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,737 |
| Interest | $3,901 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $412,194 |
| Insurance | $47,588 |
| All other expenses | $171,065 |
| Total functional expenses | $18,934,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143 |
| Savings and temporary cash investments | $5,625,975 |
| Pledges and grants receivable | $293,467 |
| Accounts receivable, net | $65,158 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,141,802 |
| Prepaid expenses and deferred charges | $136,377 |
| Net Land, buildings, and equipment | $5,729,731 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,334 |
| Total assets | $13,006,987 |
| Accounts payable and accrued expenses | $245,202 |
| 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 | $46,037 |
| Total liabilities | $291,239 |
| Net assets without donor restrictions | $12,451,879 |
| Net assets with donor restrictions | $263,869 |
| 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 | $13,006,987 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Northeast Iowa Food Bank Inc has recieved totaling $903,163.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $378,002 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $219,661 |
Northern Illinois Food Bank Geneva, IL PURPOSE: FEED THE HUNGRY | $56,399 |
Otto Schoitz Foundation Waterloo, IA PURPOSE: PROGRAMMATIC SUPPORT | $50,000 |
Harold W Siebens Charitable New York, NY PURPOSE: TECHNOLOGY UPGRADES | $50,000 |
Cedar Valley United Way Waterloo, IA PURPOSE: GRANT FOR SPECIFIC PROGRAM SUPPORT. | $37,035 |
Endowment Analysis
| Beg. Balance | $354,081 |
| Earnings | -$17,241 |
| Net Contributions | $1,250 |
| Grants | $12,336 |
| Ending Balance | $325,754 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foodbank For The Heartland Omaha, NE | $18,090,007 | $45,859,600 |
Second Harvest Foodbank Of Southern Wisconsin Madison, WI | $26,296,276 | $43,990,829 |
River Bend Food Reservoir Davenport, IA | $24,095,771 | $42,604,149 |
Operation Food Search Inc St Louis, MO | $20,475,685 | $35,729,892 |
Food Bank Of Iowa Des Moines, IA | $30,639,112 | $46,724,130 |
Feeding South Dakota Sioux Falls, SD | $24,678,313 | $28,354,516 |
Second Harvest Community Food Bank St Joseph, MO | $4,776,863 | $25,456,301 |
Eastern Illinois Foodbank Urbana, IL | $10,806,668 | $26,487,103 |
Channel One Inc Rochester, MN | $10,900,527 | $23,904,084 |
Southeast Missouri Food Bank Sikeston, MO | $15,964,674 | $22,933,570 |
Northeast Iowa Food Bank Inc Waterloo, IA | $13,006,987 | $17,224,102 |
Food Bank Of Lincoln Inc Lincoln, NE | $19,534,809 | $19,256,547 |