Foodbank Inc
- Assets
- $20.3m
- Revenue
- $27.9m
- Investments
- $10.2m
- Employees
- 84
- Location
- Dayton, OH
- Founding
- 12/2003
- Data as of
- 06/2022
- EIN
- 86-1082880
Organization Overview
Foodbank Inc is located in Dayton, OH. The organization was established in 2003. 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, Foodbank Inc employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foodbank 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, Foodbank Inc generated $27.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $25.8m during the year ending 06/2022. While expenses have increased by 11.6% 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
THE FOODBANK RELIEVES HUNGER IN THE COMMUNITY THROUGH A NETWORK OF PARTNER AGENCIES BY AQUIRING AND DISTRIBUTING FOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE FOODBANK IS TO RELIEVE HUNGER THROUGH THE AQUISITION AND DISTRIBUTION OF FOOD TO HUNGRY PEOPLE THROUGHOUT THE MIAMI VALLEY. FOOD AND RELATED SUPPLIES ARE DISTRIBUTED TO A NETWORK OF PANTRIES, COMMUNITY KITCHENS, SHELTERS AND OTHER CHARITABLE PROGRAMS, ALL OF WHICH SUPPORT THE HEALTH AND DEVELOPMENT OF FOOD INSECURE INDIVIDUALS. DURING THE FISCAL YEAR, THE ORGANIZATION DISTRIBUTED 15,159,018 POUNDS OF FOOD WHICH RESULTED IN 12,632,515 MEALS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Riley Executive Director | OfficerTrustee | 40 | $209,893 |
Dave Girouard Treasurer | OfficerTrustee | 1 | $0 |
Mary Hedrick Chair | OfficerTrustee | 1 | $0 |
Troy Erbes Secretary | OfficerTrustee | 1 | $0 |
Pat Hobby Vice Chair | OfficerTrustee | 1 | $0 |
Dewayne Koger Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $173,959 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,290,309 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,393,262 |
| Noncash contributions included in lines 1a–1f | $20,118,095 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,857,530 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $27,891,927 |
| 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. | $257,157 |
| Compensation of current officers, directors, key employees. | $64,289 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,942,194 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $325,016 |
| Payroll taxes | $165,740 |
| 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 | $100,658 |
| Advertising and promotion | $0 |
| Office expenses | $229,093 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $239,956 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,567 |
| Interest | $8,231 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $392,271 |
| Insurance | $49,591 |
| All other expenses | $311,715 |
| Total functional expenses | $25,767,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,908,028 |
| Savings and temporary cash investments | $240,779 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $280,598 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $747,003 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,908,195 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,239,303 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,552 |
| Total assets | $20,325,458 |
| Accounts payable and accrued expenses | $345,836 |
| 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 | $155,571 |
| Other liabilities | $0 |
| Total liabilities | $501,407 |
| Net assets without donor restrictions | $19,299,674 |
| Net assets with donor restrictions | $524,377 |
| 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 | $20,325,458 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foodbank Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Mike And Linda Davis Family Foundation Inc Dayton, OH PURPOSE: FUND FOOD FOR THE HUNGRY | $2,000 |
Endowment Analysis
| Beg. Balance | $11,278,011 |
| Earnings | -$1,104,185 |
| Admin Expense | $17,130 |
| Ending Balance | $10,156,696 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-Ohio Foodbank Grove City, OH | $66,739,553 | $150,715,504 |
Central Pennsylvania Food Bank Harrisburg, PA | $41,756,494 | $105,777,464 |
Greater Cleveland Food Bank Inc Cleveland, OH | $99,360,232 | $158,496,466 |
Gleaners Community Food Bank Of Southeastern Michigan Detroit, MI | $35,933,919 | $120,810,438 |
Philabundance Philadelphia, PA | $62,856,979 | $111,938,565 |
Forgotten Harvest Inc Oak Park, MI | $66,875,011 | $91,679,704 |
Food Bank Of Eastern Michigan Inc Flint, MI | $43,208,303 | $106,664,807 |
Freestore-Foodbank Inc Cincinnati, OH | $43,700,173 | $84,720,917 |
Greater Pittsburgh Community Food Bank Duquesne, PA | $60,747,557 | $86,169,867 |
Gods Pantry Food Bank Inc Lexington, KY | $29,295,834 | $63,304,764 |
Feeding America West Michigan Comstock Park, MI | $22,537,304 | $50,507,823 |
Akron-Canton Regional Foodbank Akron, OH | $38,369,339 | $52,426,998 |