Kenai Peninsula Food Bank Inc
- Assets
- $3.0m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 19
- Location
- Soldotna, AK
- Founding
- 03/1990
- Data as of
- 12/2021
- EIN
- 94-3112445
Organization Overview
Kenai Peninsula Food Bank Inc is located in Soldotna, AK. The organization was established in 1990. 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, Kenai Peninsula Food Bank Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kenai Peninsula Food Bank 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 12/2021, Kenai Peninsula Food Bank Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $4.0m during the year ending 12/2021. While expenses have increased by 30.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOOD BANK COLLECTION AND DISTRIBUTION OF FOOD TO THE HUNGRY BY DIRECT DISTRIBUTION TO INDIVIDUALS AND OTHER NONPROFIT ORGANIZATIONS. THE FOOD BANK ALSO OPERATES AN ONSITE SOUP KITCHEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOOD BANK SERVES OVER 20,000 MEALS (AN AVERAGE OF 1,667 MEALS PER MONTH) THROUGH THE ONSITE FIREWEED DINER, AND PROCESSED OVER A MILLION POUNDS OF FOOD. DIRECT SERVICE CLIENTS, THOSE ADULTS AND CHILDREN RECEIVING FEDERAL COMMODITIES AND/OR EMERGENCY FOOD BOXES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Meyer Executive Dir. | OfficerTrustee | 40 | $88,833 |
Sean O'reilly President | OfficerTrustee | 4 | $0 |
Mike Haggerty Treasurer | OfficerTrustee | 4 | $0 |
Craig Walls Director | OfficerTrustee | 4 | $0 |
Rhoda Dolifka Secretary | OfficerTrustee | 4 | $0 |
Steve Manley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $400,803 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,367,221 |
| Noncash contributions included in lines 1a–1f | $2,683,457 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,768,024 |
| Total Program Service Revenue | $50,900 |
| Investment income | $21,580 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $90,805 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,001,585 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,767,679 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $88,833 |
| Compensation of current officers, directors, key employees. | $8,743 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $322,768 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $34,857 |
| 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 | $36,910 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,771 |
| Travel | $1,339 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,292 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $111,804 |
| Insurance | $20,835 |
| All other expenses | $57,840 |
| Total functional expenses | $4,012,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $463,970 |
| Savings and temporary cash investments | $33,269 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $644 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $632,079 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,686,279 |
| Investments—publicly traded securities | $149,318 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,164 |
| Total assets | $2,981,723 |
| Accounts payable and accrued expenses | $39,676 |
| Grants payable | $0 |
| Deferred revenue | $50,835 |
| 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 | $90,511 |
| Net assets without donor restrictions | $2,875,048 |
| Net assets with donor restrictions | $16,164 |
| 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 | $2,981,723 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Kenai Peninsula Food Bank Inc has recieved totaling $322,478.
| Awarding Organization | Amount |
|---|---|
Alaska Community Foundation Anchorage, AK | | $235,905 |
Rasmuson Foundation Anchorage, AK PURPOSE: HIGH TUNNEL GARDEN PROJECT IN SOLDOTNA | $25,000 |
Rasmuson Foundation Anchorage, AK PURPOSE: GENERAL SUPPORT | $15,250 |
Rasmuson Foundation Anchorage, AK PURPOSE: FREEZER/COOLER REPAIRS IN SOLDOTNA | $15,000 |
Kroger Co Zero Hunger Zero Waste Foundation Cincinnati, OH PURPOSE: ORGANIZATION'S CHARITABLE PURPOSE | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $12,900 |
Endowment Analysis
| Beg. Balance | $14,385 |
| Earnings | $1,922 |
| Admin Expense | $143 |
| Ending Balance | $16,164 |
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 |