Twelve Baskets EIN 47-2789634 Form 990 (PDF) Claim this org

Twelve Baskets FY2022 filing

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Distributes surplus goods to those in need, restoring hope and dignity. For fiscal year 2022 it reported $318K in revenue, $220K in expenses, and $499K in net assets.Pt I

Type
Public charity (501(c)(3)) · Food & Agriculture
Location
Portage, MI
Website
www.twelve-baskets.org
Filings
5 on file (2020–2022)
Revenue
$318KFY2022
Expenses
$220K
Net assets
$499K
People
16
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-2789634 Public charity (501(c)(3)) Portage, MI
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Distributes surplus goods to those in need, restoring hope and dignity.
Leadership
Carlton Belden · Board Member
Money in and out
$318K revenue, $220K expenses
Bottom line
85% program efficiency
Where the money goes · FY2022
Total revenue
$318K
Pt VIII · Ln 12
Total expenses
$220K
Pt IX · Ln 25
Net assets
$499K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $98K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.15
Program efficiency
85%
of spending reaches programs
Operating runway
8.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+31%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$318K
FY2022▲ +24%
Expenses
$220K
FY2022▲ +76%
Total assets
$569K
FY2022▲ +38%
Total liabilities
$69K
FY2022▲ ×57
Total revenue
$318K
Pt VIII · Ln 12
Total expenses
$220K
Pt IX · Ln 25
Net assets
$499K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$98K
Total assetsPt X · Ln 16$569K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTwelve Baskets
EINHdr · item D47-2789634
Principal addressHdr · item CPortage, MI
WebsiteHdr · item Jwww.twelve-baskets.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFood & Agriculture (K31)
Ruling yearIRS BMFFeb 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Twelve Baskets executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $103K of program spending, described in the organization's own filed words · FY2022.
01

To provide a wide variety of healthy, sustaining food and personal care products to those who need them; including meats, produce, breads, dairy items, canned and dry goods, personal care items and child care items among a variety of other daily necessities.

$103Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$317K
Investment income$1K
— government grantsLn 1e$28K
Total revenueLn 12$318K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.15
Program services85%$186K
Management & general15%$34K
Total functional expensesLn 25$220K

Balance Sheet

Part X · end of year
CashLn 1$100K
Total assetsLn 16$569K
Total liabilitiesLn 26$69K
Total net assetsLn 32$499K
Months of cash on handcomputed5.4

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $143K · Operating expenses (Pt IX) $220K · Less non-cash grants $8K · Cash operating expenses/yr $212K
8.1 months
Where the money goes
Program services
Program services $186K · Total expenses $220K
85%
Management & General
Management & general $34K · Total expenses $220K
15%
Fundraising
Fundraising $0 · Total expenses $220K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $270K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $317K · Total revenue $318K
100%
Government reliance
Government grants $28K · Total revenue $318K
9%
Earned-income share
Program service revenue $0 · Total revenue $318K
0%
Investment reliance
Investment income $1K · Total revenue $318K
+0.4%
Program self-sufficiency
Program service revenue $0 · Total expenses $220K
0%
Growth & trend
Revenue growth (YoY)
This year $318K · Prior year $257K
+24%
Net-asset trend (YoY)
End of year $499K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $318K · Expenses $220K
+31%
Liabilities-to-Assets
Total liabilities — · Total assets $569K
Net-asset ratio
Net assets $499K · Total assets $569K
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $43K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $569K
8%
People & payroll
Highest Reported Total Compensation
Individual Carlton Belden · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $220K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $220K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 15%
Fundraising cost ratio 0%
Revenue growth 24%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$420K revenue · ⤓ 990 PDF
FY2023$298K revenue · ⤓ 990 PDF
FY2022$318K revenue · viewing · ⤓ 990 PDF
FY2021$257K revenue · ⤓ 990 PDF
FY2020$267K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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