Food Bank Of Alaska Inc

Organization Overview

Food Bank Of Alaska Inc is located in Anchorage, AK. The organization was established in 1979. 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 06/2021, Food Bank Of Alaska Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Bank Of Alaska 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 06/2021, Food Bank Of Alaska Inc generated $33.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $23.7m during the year ending 06/2021. While expenses have increased by 7.9% per year over the past 6 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.

Since 2016, Food Bank Of Alaska Inc has awarded 64 individual grants totaling $405,059. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FOOD BANK OF ALASKA BELIEVES NO ONE DESERVES TO BE HUNGRY WE ARE DEDICATED TO ELIMINATING HUNGER IN ALASKA

Describe the Organization's Program Activity:

Part 3 - Line 4a

ACQUIRING, STORING AND DISTRIBUTING DONATED, GOVERNMENT AND PURCHASED FOOD TO FAMILIES AND SENIORS WHO NEED FOOD ASSISTANCE IN ORDER TO ENJOY A HEALTHY, ACTIVE LIFE.


THROUGH ADVOCACY AND POLICY DEVELOPMENT, REMOVING BARRIERS TO FOOD ASSISTANCE FOR ALL ALASKANS IN NEED AND REDUCING OR ELIMINATING THE ROOT CAUSES OF HUNGER. PROVIDING ASSISTANCE TO ELIGIBLE ALASKANS IN APPLYING FOR SNAP BENEFITS.


ACQUIRING, STORING AND DISTRIBUTING DONATED, GOVERNMENT AND PURCHASED FOOD TO FAMILIES AND SENIORS WHO NEED FOOD ASSISTANCE IN ORDER TO ENJOY A HEALTHY, ACTIVE LIFE.


THROUGH ADVOCACY AND POLICY DEVELOPMENT, REMOVING BARRIERS TO FOOD ASSISTANCE FOR ALL ALASKANS IN NEED AND REDUCING OR ELIMINATING THE ROOT CAUSES OF HUNGER. PROVIDING ASSISTANCE TO ELIGIBLE ALASKANS IN APPLYING FOR SNAP BENEFITS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,799,924
All other contributions, gifts, grants, and similar amounts not included above$27,287,807
Noncash contributions included in lines 1a–1f $16,632,527
Total Revenue from Contributions, Gifts, Grants & Similar$30,087,731
Total Program Service Revenue$644,833
Investment income $46,459
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $197,773
Net Gain/Loss on Asset Sales $2,092,577
Net Income from Fundraising Events $0
Net Income from Gaming Activities $62,130
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $33,131,503

Grants Awarded

Over the last fiscal year, Food Bank Of Alaska Inc has awarded $190,402 in support to 22 organizations.

Grant RecipientAmount

KENAI PENINSULA FOOD BANK

Org PageRecipient Profile

Soldotna, AK

PURPOSE: General Assistance

$45,558

KENAI PENINSULA FOOD BANK

Org PageRecipient Profile

Soldotna, AK

PURPOSE: General Assistance

$45,558

FAIRBANKS COMMUNITY FOOD

Org PageRecipient Profile

Fairbanks, AK

PURPOSE: General Assistance

$25,101

FAIRBANKS COMMUNITY FOOD

Org PageRecipient Profile

Fairbanks, AK

PURPOSE: General Assistance

$25,101

SOUTHEAST ALASKA FOOD BANK

Org PageRecipient Profile

Juneau, AK

PURPOSE: General Assistance

$16,425

SOUTHEAST ALASKA FOOD BANK

Org PageRecipient Profile

Juneau, AK

PURPOSE: General Assistance

$16,425
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Food Bank Of Alaska Inc has recieved totaling $57,000.

Awarding OrganizationAmount
The Wilson Family Foundation

High Point, NC

PURPOSE: CHARITABLE CONTRIBUTION

$55,000
The Sholton Foundation

Anchorage, AK

PURPOSE: PROVIDING FOOD FOR HUNGRY PEOPLE.

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$170,691
Earnings$39,142
Net Contributions$10,000
Ending Balance$219,833

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