Orcas Island Food Bank
- Assets
- $2.9m
- Revenue
- $2.3m
- Investments
- $2.1m
- Employees
- 4
- Location
- Eastsound, WA
- Founding
- 12/1984
- Data as of
- 12/2022
- EIN
- 91-1255700
Organization Overview
Orcas Island Food Bank is located in Eastsound, WA. The organization was established in 1984. 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 12/2022, Orcas Island Food Bank employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orcas Island 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 12/2022, Orcas Island Food Bank generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 54.5% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 44.8% per year over the past 8 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 MISSION OF THE ORCAS ISLAND FOOD BANK IS TO WORK WITH OUR COMMUNITY TO PREVENT HUNGER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION AND DISTRIBUTION OF DONATED AND PURCHASED FOOD TO PREVENT HUNGER IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert A Morris President | OfficerTrustee | 15 | $0 |
Susan Mcbain Secretary | OfficerTrustee | 10 | $0 |
Janine Heimerich Board Member | Trustee | 2 | $0 |
Margaret E Bangs Treasurer | OfficerTrustee | 25 | $0 |
Tony P Ghazel Board Member | Trustee | 2 | $0 |
Erik Koehler Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $331,953 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,008,315 |
| Noncash contributions included in lines 1a–1f | $629,436 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,340,268 |
| Total Program Service Revenue | $0 |
| Investment income | $1,332 |
| 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 | $2,341,600 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $870,508 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $76,346 |
| Compensation of current officers, directors, key employees. | $25,194 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,665 |
| Pension plan accruals and contributions | $1,836 |
| Other employee benefits | $17,439 |
| Payroll taxes | $13,790 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,328 |
| Advertising and promotion | $9,995 |
| Office expenses | $6,055 |
| Information technology | $2,601 |
| Royalties | $0 |
| Occupancy | $19,765 |
| Travel | $2,199 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,264 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,477 |
| Insurance | $7,267 |
| All other expenses | $0 |
| Total functional expenses | $1,257,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,193 |
| Savings and temporary cash investments | $220,351 |
| 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 | $500 |
| Net Land, buildings, and equipment | $248,407 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,102,425 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,850,876 |
| Accounts payable and accrued expenses | $14,586 |
| 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 | $0 |
| Total liabilities | $14,586 |
| Net assets without donor restrictions | $2,832,640 |
| Net assets with donor restrictions | $3,650 |
| 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 | $2,850,876 |