SILVER2023

Renewal Food Bank

Feeding the hungry in East King County in a caring environment of dignity and respect

Bellevue, WA   |  https://renewalfoodbank.org

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GuideStar Charity Check

Renewal Food Bank

EIN: 46-1502418


Mission

Renewal Food Bank provides food to needy and economically vulnerable individuals who live in Bellevue, Washington and surrounding communities.

Ruling year info

2013

Chairman

Kathy Hoggan

Vice Chairperson

Dean Lester

Main address

15022 NE Bel-Red Road

Bellevue, WA 98007 USA

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EIN

46-1502418

Subject area info

Food aid

Food banks

Population served info

Immigrants and migrants

Economically disadvantaged people

At-risk youth

Victims and oppressed people

NTEE code info

Food Banks, Food Pantries (K31)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Free Food Services

Feeding the hungry in East King County in a caring environment of dignity and respect

Population(s) Served
At-risk youth
Economically disadvantaged people
Immigrants and migrants
Victims and oppressed people

Where we work

Financials

Renewal Food Bank
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

108.12

Average of 118.74 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

6.5

Average of 5.4 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

9%

Average of 8% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Renewal Food Bank

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Renewal Food Bank

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Renewal Food Bank

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Renewal Food Bank’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $48,245 $38,156 $88,212 $240,823 -$35,537
As % of expenses 10.8% 8.4% 18.0% 41.1% -3.9%
Unrestricted surplus (deficit) after depreciation $48,245 $38,156 $88,212 $240,823 -$35,537
As % of expenses 10.8% 8.4% 18.0% 41.1% -3.9%
Revenue composition info
Total revenue (unrestricted & restricted) $496,373 $494,797 $579,482 $826,417 $875,965
Total revenue, % change over prior year 17.6% -0.3% 17.1% 42.6% 6.0%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.3% 0.6% 0.3% 0.1% 0.1%
Government grants 4.1% 4.7% 4.8% 2.9% 3.2%
All other grants and contributions 95.6% 94.8% 94.9% 96.1% 96.6%
Other revenue 0.0% 0.0% 0.0% 0.9% 0.0%
Expense composition info
Total expenses before depreciation $448,128 $456,641 $491,270 $585,594 $911,502
Total expenses, % change over prior year 16.0% 1.9% 7.6% 19.2% 55.7%
Personnel 10.8% 12.7% 18.3% 14.6% 12.5%
Professional fees 0.6% 0.5% 0.6% 0.7% 0.8%
Occupancy 0.0% 0.0% 0.0% 2.3% 0.9%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 88.5% 86.8% 81.1% 82.4% 85.7%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $448,128 $456,641 $491,270 $585,594 $911,502
One month of savings $37,344 $38,053 $40,939 $48,800 $75,959
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $16,996 $38,006 $7,223
Total full costs (estimated) $485,472 $494,694 $549,205 $672,400 $994,684

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 6.0 6.9 8.2 11.0 6.5
Months of cash and investments 6.0 6.9 8.2 11.0 6.5
Months of estimated liquid unrestricted net assets 6.0 6.9 8.1 11.0 6.5
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $224,718 $263,218 $336,240 $538,177 $497,357
Investments $0 $0 $0 $0 $0
Receivables $0 $0 $0 $0 $0
Gross land, buildings, equipment (LBE) $15,560 $15,560 $32,556 $70,562 $77,785
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 0.6% 0.6% 0.9% 0.4% 0.8%
Unrestricted net assets $0 $0 $0 $0 $0
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $238,928 $277,084 $365,296 $606,119 $570,582

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Chairman

Kathy Hoggan

Vice Chairperson

Dean Lester

Number of employees

Source: IRS Form 990

Renewal Food Bank

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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There are no highest paid employees recorded for this organization.

This organization has no recorded board members.