Community Food Bank
- Assets
- $1.3m
- Revenue
- $910.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Grand Junction, CO
- Founding
- 07/1980
- Data as of
- 05/2022
- EIN
- 84-0817696
Organization Overview
Community Food Bank is located in Grand Junction, CO. The organization was established in 1980. 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 05/2022, Community Food Bank employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Food Bank 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 05/2022, Community Food Bank generated $910.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $672.0k during the year ending 05/2022. While expenses have increased by 20.1% 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
PROVIDE FOOD SUPPLIES TO INDIVIDUALS AND FAMILIES IN NEED
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FAMILIES IN NEED WITH 772,369 POUNDS OF FOOD. SERVED FOOD TO 39,088 DUPLICATED INDIVIDUALS AND A TOTAL OF 643,640 MEALS.
RESOURCE NAVIGATION - 585 INDIVIDUAL RESOURCE NAVIGATION SESSIONS AND 105 SNAP APPLICATION ENGAGEMENT.
FUNDRAISING DINNER WITH DONORS AND VOLUNTEERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Hogue VP & Treasur | OfficerTrustee | 3 | $0 |
Cole Sjoholm President | OfficerTrustee | 3 | $0 |
Shaheen Sheikh Secretary | OfficerTrustee | 3 | $0 |
Monique L Serra Director | Trustee | 1 | $0 |
Travis Mullenix Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $126,854 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $49,821 |
| All other contributions, gifts, grants, and similar amounts not included above | $733,118 |
| Noncash contributions included in lines 1a–1f | $247,678 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $909,793 |
| Total Program Service Revenue | $50 |
| Investment income | $51 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $169 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $910,063 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,883 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,758 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,463 |
| Fees for services: Accounting | $8,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,358 |
| Advertising and promotion | $4,972 |
| Office expenses | $16,939 |
| Information technology | $1,000 |
| Royalties | $0 |
| Occupancy | $52,612 |
| Travel | $1,714 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,508 |
| Insurance | $11,365 |
| All other expenses | $0 |
| Total functional expenses | $671,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $569,256 |
| Savings and temporary cash investments | $49 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $736,654 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,305,959 |
| 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 | $4,641 |
| Total liabilities | $4,641 |
| Net assets without donor restrictions | $1,301,318 |
| 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 | $1,305,959 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Community Food Bank has recieved totaling $217,884.
| Awarding Organization | Amount |
|---|---|
Western Colorado Community Foundation Inc Grand Junction, CO PURPOSE: FOOD, NUTRITION | $84,989 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $30,050 |
Rocky Mountain Health Foundation Grand Junction, CO PURPOSE: STAFF HEALTH & WELLNESS; FOOD PANTRY FOCUSED ON FRESH, NUTRITION FOODS | $27,500 |
Trailhead Institute Denver, CO | | $17,510 |
The Albertsons Companies Foundation Pleasanton, CA PURPOSE: HUNGER | $15,000 |
Bacon Family Foundation Grand Junction, CO PURPOSE: BENEFIT OF THE COMMUNITY FOOD BANK. | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Regional Food Bank Of Oklahoma Oklahoma City, OK | $36,553,416 | $95,465,627 |
Community Food Bank Of Eastern Oklahoma Inc Tulsa, OK | $69,259,421 | $97,549,817 |
Care And Share Inc Colorado Springs, CO | $21,708,396 | $54,268,690 |
Foodbank For The Heartland Omaha, NE | $18,090,007 | $45,859,600 |
United Food Bank Mesa, AZ | $14,110,479 | $41,978,050 |
Yuma Community Food Bank Yuma, AZ | $6,042,055 | $32,152,726 |
Kansas Food Bank Warehouse Inc Wichita, KS | $25,177,689 | $24,577,284 |
Food Bank For Larimer County Loveland, CO | $23,780,959 | $24,388,782 |
Weld Food Bank Greeley, CO | $11,364,016 | $19,346,172 |
Food Bank Of Lincoln Inc Lincoln, NE | $19,534,809 | $19,256,547 |
Boulder Food Rescue Denver, CO | $1,631,753 | $15,905,183 |
Arizona Food Bank Network Phoenix, AZ | $7,535,434 | $12,101,730 |