THE BANQUET

EIN: 460387495 501(c)(3) Food, Agriculture & Nutrition

SIOUX FALLS, SD

Total Revenue
$1,759,499
Total Expenses
$1,711,144
Total Assets
$6,612,984
Net Assets
$6,498,440
🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
SD
Principal Officer
KURT VAN KALSBEEK
Phone
6053357066
Tax Period
2023-07-01 to 2024-06-30

THE BANQUET, founded in 2004, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.3M in total revenue in fiscal year 2017. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $928K, a strong 41% operating margin.

Mission

THE BANQUET IS A FEEDING MINISTRY THAT SERVES HUNGRY PEOPLE IN THE SIOUX FALLS COMMUNITY IN THE SPIRIT OF DIGNITY AND RESPECT, WHICH ORGANIZES VOLUNTEER GROUPS TO PLAN, PURCHASE, PREPARE, AND SERVICE MEALS TO THOSE IN NEED. THE BANQUET ALSO PROVIDES A SAFE PLACE WHERE PEOPLE CAN GATHER TO RECEIVE FOOD FOR THE BODY AND SOUL.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,657,775
Program Service Revenue $0
Investment Income $101,724
Other Revenue $0
TOTAL REVENUE $1,759,499

Expense Breakdown

Grants Paid $72,409
Salaries & Benefits $721,107
Fundraising Expenses $0
Program Expenses $1,462,734
Other Expenses $917,628
TOTAL EXPENSES $1,711,144

Year-over-Year Comparison

2023 2022 Change
Revenue $1,759,499 $1,965,463 -0.1%
Expenses $1,711,144 $1,610,755 +0.1%
Net Income $48,355 $354,708 -0.9%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
15
Independent Members
15
Employees
21
Volunteers
19400

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEIDI BINSTOCK FORMER PRESI N/A
Officer Director
$0 $0 $0
TERESA DEBOER SECRETARY N/A
Officer Director
$0 $0 $0
PAUL FARMER BOARD MEMBER N/A
Director
$0 $0 $0
STEVE FIORELLO BOARD MEMBER N/A
Director
$0 $0 $0
JEFF GARDEN BOARD MEMBER N/A
Director
$0 $0 $0
KC HERMAN BOARD MEMBER N/A
Director
$0 $0 $0
JARED HOHN BOARD MEMBER N/A
Director
$0 $0 $0
BARRY HOOGLAND BOARD MEMBER N/A
Director
$0 $0 $0
KEVIN JORDANGER BOARD MEMBER N/A
Director
$0 $0 $0
KURT VAN KALSBEEK PRESIDENT N/A
Officer Director
$0 $0 $0
CHRIS MADSEN VICE PRESIDE N/A
Officer Director
$0 $0 $0
CRAIG SCHELSKE TREASURER N/A
Officer Director
$0 $0 $0
TEAGAN SCHOEPP BOARD MEMBER N/A
Director
$0 $0 $0
JEFF SHEETS BOARD MEMBER N/A
Director
$0 $0 $0
TAMERA JERKE-LIESINGER EXECUTIVE DI N/A
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,759,499 $1,711,144 $6,612,984 $48,355
2023 $1,965,463 $1,610,755 $6,311,021 $354,708
2022 $1,780,545 $1,517,860 $5,782,531 $262,685
2021 $1,807,308 $1,444,623 $5,871,026 $362,685
2020 $1,985,831 $1,395,934 $5,210,334 $589,897
2019 $2,691,397 $1,505,187 $4,666,642 $1,186,210
2018 $2,251,551 $1,323,666 $3,457,668 $927,885
Explore More Nonprofits
→Top 100 Nonprofits in South Dakota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare THE BANQUET with other nonprofits in South Dakota and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.