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Nonprofiteer
← KEY PENINSULA BISCHOFF FOOD BANK

Form 990 for tax year 2024

Filed by KEY PENINSULA BISCHOFF FOOD BANK.

Totals

Total revenue
$1,488,430
Total expenses
$1,421,007
Contributions and grants received
$856,197
Grants paid
$1,329,187
Program service revenue
$0
Investment income
$2,841
Other revenue
$629,392
Total assets, end of year
$463,507
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$463,507
Program services expenses (Part IX)
$1,420,324
Management and general expenses
$683
Fundraising expenses
$0
Program service expenses (Part III)
$1,420,324

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $25,197

  • 1f · All other contributions, gifts and grants

    $831,000

  • 1g · Noncash contributions included above

    $765,147

  • 3 · Investment income

    total $2,841 · related or exempt $2,841 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    -$629,392

  • 10c · Net income from sales of inventory

    total $629,392 · related or exempt $629,392 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,329,187 · program services $1,329,187

  • 13 · Office expenses

    total $1,017 · program services $758 · management and general $259

  • 14 · Information technology

    total $530 · program services $530

  • 16 · Occupancy

    total $43,134 · program services $43,134

  • 23 · Insurance

    total $10,254 · program services $9,830 · management and general $424

  • 24a · Other expenses: FOOD PANTRY FOOD TRANSPORTATION

    total $11,385 · program services $11,385 · management and general $0 · fundraising $0

  • 24b · Other expenses: FOOD PANTRY CLEANING

    total $25,500 · program services $25,500 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $19,620 · end of year $27,465

  • 2 · Savings and temporary cash investments

    beginning of year $127,148 · end of year $112,615

  • 8 · Inventories for sale or use

    beginning of year $82,408 · end of year $154,426

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,730 · end of year $5,723

  • 10a · Land, buildings and equipment: cost or other basis

    $163,278

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $160,178 · end of year $163,278

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    end of year $0

  • 20 · Tax-exempt bond liabilities

    end of year $0

  • 21 · Escrow or custodial account liability

    end of year $0

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 23 · Secured mortgages and notes payable

    end of year $0

  • 24 · Unsecured notes and loans payable

    end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $396,084 · end of year $463,507

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

PROVIDE FOOD AND OTHER ESSENTIALS, SUCH AS TOILETRIES, FREE OF CHARGE TO PEOPLE IN NEED ON THE KEY PENINSULA AND SURROUNDING AREAS, IN PIERCE COUNTY, WASHINGTON.

Activities or mission (Part I)

DISTRIBUTING FOOD AND OTHER ESSENTIALS FREE OF CHARGE TO PEOPLE IN NEED ON THE KEY PENINSULA AND SURROUNDING AREAS.

  • NUMBER OF CLIENTS SERVED: 70,592 and POUNDS OF FOOD DISTRIBUTED TO CLIENTS: 692,285 LBS

    Expenses $1,420,324 · Grants $1,329,038 · Revenue $859,038

As filed on the 2024 return.

Listed in Part VII

  • Tina Wedvik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    20

  • Carol Larson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Lacie Houser

    SECRETARY

    Total calculated
    $0
    Hours/week
    40

  • Steven Gulbraa

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • Gail Torgerson

    TREASURER

    Total calculated
    $0
    Hours/week
    20

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.0
Source object
202533199349302853

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