Mountaineer Food Bank Inc
- Assets
- $27.5m
- Revenue
- $44.5m
- Investments
- $0.0
- Employees
- 73
- Location
- Gassaway, WV
- Founding
- 09/1981
- Data as of
- 12/2023
- EIN
- 55-0611100
Organization Overview
Mountaineer Food Bank Inc is located in Gassaway, WV. 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 12/2023, Mountaineer Food Bank Inc employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountaineer 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 12/2023, Mountaineer Food Bank Inc generated $44.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $42.8m during the year ending 12/2023. While expenses have increased by 19.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO HELP ALLEVIATE HUNGER IN WEST VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF SURPLUS FOOD, SUPPLIES, AND COMMODITIES IN THE STATE OF WEST VIRGINIA THROUGH A NETWORK OF FOOD PANTRIES AND OTHER ELIGIBLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Smallridge President | OfficerTrustee | 2.5 | $0 |
Chad Prather Vice President | OfficerTrustee | 1 | $0 |
Brent Boggs Treasurer | OfficerTrustee | 2.5 | $0 |
Tiffany Summerlin Secretary | OfficerTrustee | 2.5 | $0 |
Charlene Zirk Board Member | Trustee | 1 | $0 |
Arnold Simonse Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,766,479 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,311,159 |
| Noncash contributions included in lines 1a–1f | $27,200,150 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,077,638 |
| Total Program Service Revenue | $3,167,248 |
| Investment income | $250,722 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $49,628 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,545,236 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,167,403 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,354,009 |
| Pension plan accruals and contributions | $90,116 |
| Other employee benefits | $508,633 |
| Payroll taxes | $290,925 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,524 |
| Fees for services: Accounting | $63,992 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $267,037 |
| Advertising and promotion | $0 |
| Office expenses | $287,833 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $653,840 |
| Travel | $702,053 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,265 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $300,124 |
| Insurance | $67,205 |
| All other expenses | $0 |
| Total functional expenses | $42,846,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,282 |
| Savings and temporary cash investments | $11,758,065 |
| Pledges and grants receivable | $827,840 |
| Accounts receivable, net | $239,450 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,905,839 |
| Prepaid expenses and deferred charges | $37,689 |
| Net Land, buildings, and equipment | $5,622,035 |
| Investments—publicly traded securities | $5,944,879 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,495,079 |
| Accounts payable and accrued expenses | $4,742,395 |
| 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 | $350,672 |
| Unsecured mortgages and notes payable | $389,432 |
| Other liabilities | $1,386,545 |
| Total liabilities | $6,869,044 |
| Net assets without donor restrictions | $20,626,035 |
| Net assets with donor restrictions | $0 |
| 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 | $27,495,079 |