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

Twelve Baskets FY2023 filing

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Distributes surplus goods to those in need, restoring hope and dignity. For fiscal year 2023 it reported $298K in revenue, $191K in expenses, and $593K 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 (2020–2023)
Revenue
$298KFY2023
Expenses
$191K
Net assets
$593K
People
11
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 FY2023 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
$298K revenue, $191K expenses
Bottom line
88% program efficiency
Where the money goes · FY2023
Total revenue
$298K
Pt VIII · Ln 12
Total expenses
$191K
Pt IX · Ln 25
Net assets
$593K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $107K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Program efficiency
88%
of spending reaches programs
Operating runway
18.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+36%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$298K
FY2023▼ -6%
Expenses
$191K
FY2023▼ -13%
Total assets
$656K
FY2023▲ +15%
Total liabilities
$63K
FY2023▼ -9%
Total revenue
$298K
Pt VIII · Ln 12
Total expenses
$191K
Pt IX · Ln 25
Net assets
$593K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$107K
Total assetsPt X · Ln 16$656K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 311
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 1a11
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
Vice Preside
$0Pt VII · Sec A
President
$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 $114K of program spending, described in the organization's own filed words · FY2023.
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.

$114Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$284K · 95%
Other revenue$9K · 3%
Investment income$5K · 2%
Contributions & grants95%$284K
Other revenue3%$9K
Investment income2%$5K
Total revenueLn 12$298K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$167K
Management & general12%$24K
Total functional expensesLn 25$191K

Balance Sheet

Part X · end of year
CashLn 1$147K
Total assetsLn 16$656K
Total liabilitiesLn 26$63K
Total net assetsLn 32$593K
Months of cash on handcomputed9.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $300K · Operating expenses/yr $191K
18.9 months
Where the money goes
Program services
Program services $167K · Total expenses $191K
88%
Management & General
Management & general $24K · Total expenses $191K
12%
Fundraising
Fundraising $0 · Total expenses $191K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $276K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $284K · Total revenue $298K
95%
Government reliance
Government grants — · Total revenue $298K
Earned-income share
Program service revenue $0 · Total revenue $298K
0%
Investment reliance
Investment income $5K · Total revenue $298K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $191K
0%
Growth & trend
Revenue growth (YoY)
This year $298K · Prior year $318K
-6%
Net-asset trend (YoY)
End of year $593K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $298K · Expenses $191K
+36%
Liabilities-to-Assets
Total liabilities — · Total assets $656K
Net-asset ratio
Net assets $593K · Total assets $656K
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $153K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $656K
23%
People & payroll
Highest Reported Total Compensation
Individual Carlton Belden · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $191K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $191K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Fundraising cost ratio 0%
Revenue growth -6%

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 · viewing · ⤓ 990 PDF
FY2022$318K revenue · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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