Matsu Food Bank
- Assets
- $769.3k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Wasilla, AK
- Founding
- 11/1994
- Data as of
- 12/2021
- EIN
- 92-0150918
Organization Overview
Matsu Food Bank is located in Wasilla, AK. The organization was established in 1994. 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, Matsu Food Bank employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matsu 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 12/2021, Matsu Food Bank generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 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
DISTRIBUTION OF FOODCOLLECTION OF DONATED FOOD
Describe the Organization's Program Activity:
Part 3 - Line 4a
17,207 PERSONS SERVED DURING THE 2021 YEAR. FOOD IS NOT PRE-PACKAGED FOR DISTRIBUTION FOR THE GENERAL PUBLIC. MEALS WERE PROVIDED FOR THE FOOD 4 KIDS PROGRAM TO 11,867 AND WERE PRE-PACKAGED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Soliday Treasurer | Officer | 5 | $0 |
Marty Metiva Vice President | Officer | 5 | $0 |
Lauralynn Robison Secretary | Officer | 5 | $0 |
Aaron Coman President | Officer | 5 | $0 |
Stan Mitchell Board Of Directors | Trustee | 3 | $0 |
Eddie Ezelle Executive Director | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $307,145 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,125,691 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,432,836 |
| 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 | -$64,997 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $16,415 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,384,254 |
| 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. | $52,674 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,898 |
| Pension plan accruals and contributions | $1,556 |
| Other employee benefits | $20,887 |
| Payroll taxes | $9,417 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,348 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,014 |
| Office expenses | $2,268 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $122,954 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $800 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,431 |
| Insurance | $12,594 |
| All other expenses | $1,002,839 |
| Total functional expenses | $1,344,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,988 |
| Savings and temporary cash investments | $459,125 |
| 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 | $169,114 |
| Prepaid expenses and deferred charges | $57,000 |
| Net Land, buildings, and equipment | $66,097 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $769,324 |
| Accounts payable and accrued expenses | $16,272 |
| 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 | $16,272 |
| Net assets without donor restrictions | $0 |
| 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 | $753,052 |
| Total liabilities and net assets/fund balances | $769,324 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Matsu Food Bank has recieved totaling $39,856.
| Awarding Organization | Amount |
|---|---|
The Valley Hospital Association Inc Wasilla, AK PURPOSE: CEO DISCRETIONARY/PROGRAM SUPPORT/TARGET WELLNESS | $15,500 |
Mat-Su Cabaret Hotel Restaurant And Retailers Association Palmer, AK PURPOSE: SUPPORT LOCAL FOOD BANKS | $11,000 |
Kroger Co Foundation Cincinnati, OH PURPOSE: ORGANIZATION'S CHARITABLE PURPOSE | $10,000 |
Mta Foundation Inc Palmer, AK PURPOSE: CHRISTMAS FRIENDSHIP DINNER | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $356 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Alternatives To Hunger Bellingham, WA | $14,845,040 | $9,214,173 |
Bonney Lake Community Resources Buckley, WA | $943,649 | $8,388,464 |
Helping Hands Food Bank Of Sedro Woolley Sedro Woolley, WA | $3,405,345 | $7,836,034 |
West Seattle Food Bank Seattle, WA | $4,611,291 | $5,862,402 |
Tri-Cities Food Bank Kennewick, WA | $2,774,652 | $5,081,989 |
Kenai Peninsula Food Bank Inc Soldotna, AK | $2,981,723 | $4,001,585 |
Lynnwood Food Bank Lynnwood, WA | $1,188,066 | $3,976,420 |
The Des Moines Area Food Bank Des Moines, WA | $1,178,620 | $3,336,094 |