Toledo Seagate Food Bank Inc
- Assets
- $6.9m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 17
- Location
- Toledo, OH
- Founding
- 12/1999
- Data as of
- 09/2021
- EIN
- 51-0252948
Organization Overview
Toledo Seagate Food Bank Inc is located in Toledo, OH. The organization was established in 1999. 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 09/2021, Toledo Seagate Food Bank Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toledo Seagate 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 09/2021, Toledo Seagate Food Bank Inc generated $11.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $10.3m during the year ending 09/2021. While expenses have increased by 10.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION ASPIRES AND COMMITS OUR ENERGIES TO ELIMINATING HUNGER. WE SERVE A REGIONAL CAPACITY TO IDENTIFY AND DIRECT OUR RESOURCES TO THOSE IN NEED
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ASPIRES AND COMMITS THEIR ENERGIES TO ELIMINATING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Rapp Executive Dire | Officer | 45 | $65,000 |
D Zywocki Treasurer | OfficerTrustee | 4 | $0 |
Julie Spears Secretary | OfficerTrustee | 4 | $0 |
Jo Ann Matney President | OfficerTrustee | 3 | $0 |
Cheryl Smith V President | OfficerTrustee | 3 | $0 |
H Brewis Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $53,494 |
| Related organizations | $0 |
| Government grants | $8,031,624 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,822,029 |
| Noncash contributions included in lines 1a–1f | $2,292,107 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,907,147 |
| Total Program Service Revenue | $100,805 |
| Investment income | $17,473 |
| 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 | $11,025,425 |
| 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. | $65,000 |
| Compensation of current officers, directors, key employees. | $1,398 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $771,536 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $64,183 |
| Payroll taxes | $42,789 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,681 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $58,835 |
| Office expenses | $2,961 |
| Information technology | $17,198 |
| Royalties | $0 |
| Occupancy | $4,593 |
| Travel | $45,300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,900 |
| Interest | $817 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,451 |
| Insurance | $37,464 |
| All other expenses | $494,570 |
| Total functional expenses | $10,348,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $901,699 |
| Savings and temporary cash investments | $884,455 |
| Pledges and grants receivable | $474,988 |
| Accounts receivable, net | $21,450 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,518 |
| Inventories for sale or use | $1,469,346 |
| Prepaid expenses and deferred charges | $14,991 |
| Net Land, buildings, and equipment | $1,369,244 |
| Investments—publicly traded securities | $832,125 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $931,527 |
| Total assets | $6,901,343 |
| Accounts payable and accrued expenses | $24,273 |
| Grants payable | $0 |
| Deferred revenue | $931,527 |
| 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 | $2,305 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $958,105 |
| Net assets without donor restrictions | $4,652,913 |
| Net assets with donor restrictions | $1,290,325 |
| 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 | $6,901,343 |
Grants Awarded
Over the last fiscal year, Toledo Seagate Food Bank Inc has awarded $125,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Toledo, OH PURPOSE: COVID-19 | $25,000 |
Bowling Green, OH PURPOSE: COVID-19 | $25,000 |
SOCIETY OF ST AN PURPOSE: COVID-19 | $25,000 |
GREATER GRACE MI PURPOSE: COVID-19 | $25,000 |
MARTIN LUTHER LU PURPOSE: COVID-19 | $5,000 |
Swanton, OH PURPOSE: COVID-19 | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Toledo Seagate Food Bank Inc has recieved totaling $583,810.
| Awarding Organization | Amount |
|---|---|
Ohio Association Of Foodbanks Columbus, OH PURPOSE: Provide assistance to Ohioans in need | $475,024 |
Farmlink Project Pacific Palisades, CA PURPOSE: TO PROVIDE HEALTHY FRESH PRODUCE TO FAMILIES IN NEED. | $42,881 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $36,769 |
Toledo Community Foundation Toledo, OH PURPOSE: OTTAWA HILLS GIRLS' BASKETBALL FUNDRAISER FOR PROJECT PJ, GENERAL SUPPORT | $6,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,358 |
Toledo Community Foundation Seneca Foundation Toledo, OH PURPOSE: GENERAL SUPPORT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Akron-Canton Regional Foodbank Akron, OH | $38,369,339 | $52,426,998 |
Dare To Care Inc Louisville, KY | $30,243,323 | $45,399,567 |
Ohio Association Of Foodbanks Columbus, OH | $9,504,579 | $45,718,169 |
Mountaineer Food Bank Inc Gassaway, WV | $18,523,682 | $37,219,873 |
Share Food Program Inc Phila, PA | $13,209,885 | $37,008,855 |
Feeding America Kentuckys Heartland Inc Elizabethtown, KY | $11,011,567 | $26,861,414 |
Community Harvest Food Bank Of Northeast Indiana Inc Fort Wayne, IN | $14,963,201 | $26,255,760 |
Foodbank Inc Dayton, OH | $20,325,458 | $27,891,927 |
Tri State Food Bank Inc Evansville, IN | $11,766,941 | $23,604,678 |
South Michigan Food Bank Battle Creek, MI | $7,733,906 | $21,627,675 |
Food Finders Food Bank Inc Lafayette, IN | $11,053,128 | $21,529,365 |
Second Harvest Food Bank Of Northwest Pennsylvania Erie, PA | $15,777,117 | $23,198,189 |