PROVISION COMMUNITY RESTAURANT

EIN: 825141466 501(c)(3)

Minneapolis, MN

Total Revenue
$297,884
Total Expenses
$245,994
Total Assets
$177,526
Net Assets
$79,288
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
MN
Phone
6122080461
Tax Period
2021-01-01 to 2021-12-31

PROVISION COMMUNITY RESTAURANT, founded in 2018, is a small nonprofit that reported $298K in total revenue in fiscal year 2021. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $52K, a strong 17% operating margin.

Mission

Foster creative, community-based solutions to overcome food insecurity, isolation and hardships in the lives of our neighbors.

Program Service Accomplishments

Program 1
Expenses: $163,923 Revenue: $126,635

Provision has three major tenets through which we conduct our programming: 1) reducing food waste through food rescue and repurpose, 2) reducing food insecurity through free or give-as-you-can meals...

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Provision has three major tenets through which we conduct our programming: 1) reducing food waste through food rescue and repurpose, 2) reducing food insecurity through free or give-as-you-can meals, and 3) reducing isolation by bringing the community together. In 2020, our programming changed as we were not able to invite guests into our dining space. We began catering for Simpson Housing Services shelter in late March and that became the main focus of all of our resources. We continued to serve the shelter 85 meals per day, 365 days per year. This partnership has allowed us to continue to serve out our mission of addressing food insecurity and to support the efforts of the shelter to keep people out of isolation, safe, and healthy, throughout the entire day rather than only evenings. Our organization is provided some compensation by Simpson in order to off-set some of the expense associated with this endeavor, however, it only covers about 75% of our total cost.

Program 2
Expenses: $37,992 Revenue: $29,350

Our Community Kitchen Partners Program: Everything we do at Provision is about food and community. On any given day, between two and four small business owners share space, knowledge, supplies and...

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Our Community Kitchen Partners Program: Everything we do at Provision is about food and community. On any given day, between two and four small business owners share space, knowledge, supplies and resources as they grow their businesses, support one another and contribute to Provision's mission through community events such as Sunday Suppers. Our kitchen partner program also supports BIPOC- and women-owned food businesses by eliminating some of the barriers they face in starting and growing their businesses by offering a graduated lease program that is 1/3 or less of market rate and mentorship opportunities.

Program 3
Expenses: $7,191 Revenue: $5,555

Community restaurant (Someday Café): Before the global pandemic, Provision offered pay-as-you-can dinner and brunch four days a week. Now replaced by carry out, our give-as-you-can lunch offers a...

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Community restaurant (Someday Café): Before the global pandemic, Provision offered pay-as-you-can dinner and brunch four days a week. Now replaced by carry out, our give-as-you-can lunch offers a solution that addresses food insecurity by providing a meal regardless of ability to pay. When we are able, we will open up our indoor space once again in order to provide a warm and welcoming environment, and conversation. This operation, as well as our shelter meals are fueled by repurposing food and volunteer support to process those donations and prepare meals for our community. Our collaboration with Twin Cities Food Justice supported this in 2020, which allowed us to also help them to achieve their mission of reducing food waste and hunger by delivering the produce we use to create meals that we give out each day - linking those willing to help and those who are in need. Together we have a solution! Through our partnership, we repurposed over 24,000 pounds of food in 2020 and logged roughly 480 volunteer hours.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $136,344
Program Service Revenue $161,540
Investment Income $0
Other Revenue $0
TOTAL REVENUE $297,884

Expense Breakdown

Grants Paid $0
Salaries & Benefits $91,759
Fundraising Expenses $9,491
Program Expenses $209,106
Other Expenses $154,235
TOTAL EXPENSES $245,994

Year-over-Year Comparison

2021 2020 Change
Revenue $297,884 $255,051 +0.2%
Expenses $245,994 $221,334 +0.1%
Net Income $51,890 $33,717 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
5
Volunteers
20

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
3
$0
Total Directors
6
$0
Key Employees
1
$50,407
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anna Wienke Executive Director 60.00
Key Emp Highest
$50,407 $0 $50,407
Sarah Johansen Chair 4.00
Officer Director
$0 $0 $0
Laura Skubic Board Secretary 4.00
Officer Director
$0 $0 $0
Morgan Pocock Treasurer 4.00
Officer Director
$0 $0 $0
Brent Frederick Board Member 2
Director
$0 $0 $0
Tom Kachelmacher Board Member 2
Director
$0 $0 $0
Julee Stoesz Board Member 2.00
Director
$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
2021 $297,884 $245,994 $177,526 $51,890
2020 $255,051 $221,334 $142,545 $33,717
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