Sharenet Food Bank
- Assets
- $643.0k
- Revenue
- $564.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Kingston, WA
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 82-4153719
Organization Overview
Sharenet Food Bank, operating under the name Denise Henderson, is located in Kingston, WA. The organization was established in 2019. 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, Denise Henderson employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Denise Henderson 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, Denise Henderson generated $564.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $395.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 4 years. 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
ADDRESS HUNGER AND POVERTY IN NORTH KITSAP COUNTY WHILE RESPECTING THE DIGNITY OF THOSE WE SERVE IN A NOURISHING ENVIRONMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHARENET FOOD BANK PROVIDES THE GREATER KINGSTON, WASHINGTON AREA WITH EMERGENCY FOOD PROVISION, SCREENED EMERGENCY POWER AND RENTAL ASSISTANCE FOR CLIENTS FACED WITH SERVICE INTERRUPTION NOTICES OR EVICTION. IN ADDITION, WE PROVIDE A WEEKEND TAKE-HOME FOOD PROGRAM FOR SCHOOL CHILDREN.
SHARENET'S THRIFT STORE CARRIES QUALITY, GENTLY USED GOODS AT SUPER- BARGAIN PRICES. ALL PROCEEDS GO RIGHT BACK INTO THE OPERATION AND HELP FUND THE FOOD BANK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Ince Executive Director | Officer | 30 | $36,000 |
Denise Henderson President | OfficerTrustee | 5 | $0 |
Beverly Parsons Treasurer | OfficerTrustee | 2 | $0 |
Carol Anderson Vice President | Officer | 2 | $0 |
Alicia Barnes Secretary | Officer | 2 | $0 |
Kathy Raymond Member At Large | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,322 |
| All other contributions, gifts, grants, and similar amounts not included above | $437,821 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $538,143 |
| Total Program Service Revenue | $0 |
| Investment income | $906 |
| 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 | $564,770 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,868 |
| 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. | $40,325 |
| Compensation of current officers, directors, key employees. | $40,325 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,518 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,466 |
| 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 | $10,083 |
| Advertising and promotion | $1,638 |
| Office expenses | $3,745 |
| Information technology | $2,537 |
| Royalties | $0 |
| Occupancy | $71,225 |
| Travel | $3,593 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,933 |
| Insurance | $3,776 |
| All other expenses | $27,898 |
| Total functional expenses | $395,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $582,424 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $122 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $60,484 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $643,030 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,748 |
| Total liabilities | $2,748 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $640,282 |
| 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 | $643,030 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Sharenet Food Bank has recieved totaling $44,516.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: FOOD, NUTRITION | $12,500 |
Kitsap Credit Union Bremerton, WA PURPOSE: FOOD BANK DONATIONS | $12,000 |
Kitsap Community Foundation Silverdale, WA PURPOSE: OPERATIONS AND SUPPORT. | $10,150 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,820 |
4s Foundation Port Orchard, WA PURPOSE: FUND ONGOING SERVICES FOR NEEDS | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $46 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Food Bank Inc Portland, OR | $88,735,569 | $106,442,657 |
Idaho Foodbank Warehouse Meridian, ID | $39,829,593 | $59,704,152 |
Food Bank Of Alaska Inc Anchorage, AK | $18,765,811 | $33,131,503 |
Food For Lane County Eugene, OR | $21,565,696 | $21,900,710 |
Marion-Polk Food Share Inc Salem, OR | $12,481,523 | $19,024,732 |
Blue Mountain Action Council Inc Walla Walla, WA | $15,285,030 | $16,921,304 |
Clark County Food Bank Vancouver, WA | $21,573,069 | $16,473,935 |
Thurston County Food Bank Olympia, WA | $15,377,704 | $14,632,997 |
Nourish Pierce County Tacoma, WA | $6,902,887 | $13,313,194 |
Community Resource Tr Salem, OR | $3,086,644 | $1,030,928 |
Alternatives To Hunger Bellingham, WA | $14,845,040 | $9,214,173 |
Bonney Lake Community Resources Buckley, WA | $943,649 | $8,388,464 |