Civic Intelligence

F Bites Inc.

990 • Fiscal year 2021 • EIN 47-4954148

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 10, 2022

1 Symphony CircleBuffalo, NY 14201

(716) 400-4816

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

97th percentile

1.28x

Higher debt load relative to assets than 97% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

86th percentile

0.38x

Higher debt load relative to revenue than 86% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Net Margin

40th percentile

6.8%

Higher net margin than 40% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

61st percentile

$19,200

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Asset Growth

88th percentile

88%

Faster asset growth than 88% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

95th percentile

214%

Faster revenue growth than 95% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$192,625

Up $89,985 (+88%) from 2020

Net Assets

Up

-$54,724

Up $74,076 (+58%) from 2020

Liabilities

Up

$247,349

Up $15,909 (+6.9%) from 2020

Revenue

Up

$652,278

Up $444,546 (+214%) from 2020

Expenses

Up

$608,221

Up $263,221 (+76%) from 2020

Net Income

Up

$44,057

Up $181,325 (+132%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$200K$0-$200KAssets 2016: $8,009Liabilities 2016: $0Net Assets 2016: $8,0092016Assets 2017: $16,721Liabilities 2017: $0Net Assets 2017: $16,7212017Assets 2018: $47,839Liabilities 2018: $0Net Assets 2018: $47,8392018Assets 2019: $144,338Liabilities 2019: $178,218Net Assets 2019: -$33,8802019Assets 2020: $102,640Liabilities 2020: $231,440Net Assets 2020: -$128,8002020Assets 2021: $192,625Liabilities 2021: $247,349Net Assets 2021: -$54,7242021Assets 2022: $229,523Liabilities 2022: $183,051Net Assets 2022: $46,4722022Assets 2023: $264,006Liabilities 2023: $134,588Net Assets 2023: $129,4182023Assets 2024: $342,559Liabilities 2024: $138,186Net Assets 2024: $204,3732024

Highlighted filing

2021

Assets$192,625
Liabilities$247,349
Net Assets-$54,724

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2016: $52,870Expenses 2016: $56,666Net Income 2016: -$3,7962016Revenue 2017: $55,581Expenses 2017: $46,869Net Income 2017: $8,7122017Revenue 2018: $149,367Expenses 2018: $138,572Net Income 2018: $10,7952018Revenue 2019: $223,643Expenses 2019: $301,900Net Income 2019: -$78,2572019Revenue 2020: $207,732Expenses 2020: $345,000Net Income 2020: -$137,2682020Revenue 2021: $652,278Expenses 2021: $608,221Net Income 2021: $44,0572021Revenue 2022: $666,674Expenses 2022: $608,085Net Income 2022: $58,5892022Revenue 2023: $785,872Expenses 2023: $588,125Net Income 2023: $197,7472023Revenue 2024: $662,287Expenses 2024: $580,512Net Income 2024: $81,7752024

Highlighted filing

2021

Revenue$652,278
Expenses$608,221
Net Income$44,057
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 10, 2022
Return Version
2021v4.2
Gross Receipts
$652,278
Mission and Program Overview

Mission

Nutrition, education, and training in excellence through culinary programs for youth.

To empower youth and adults through the exposure and hands on training of a healthy working environment. Teaching soft skills through work force development and in school programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$64,500-
Cash and Non-Interest-Bearing Accounts$6,110$395▼ $5,715
Receivables From Officers Etc$60,000$25▼ $59,975
Rtn Earn Endowment Incm Other Fnds$-128,800$-54,724▲ $74,076
Total Assets$102,640$192,625▲ $89,985
Other Assets Total$36,530$127,705▲ $91,175
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,098$126,286▲ $124,188
Unsecured Notes Loans Payable$196,032$82,737▼ $113,295
Accounts Payable and Accrued Expenses$33,310$38,326▲ $5,016
Total Liabilities$231,440$247,349▲ $15,909
Net Assets / Fund Balance
Total Net Assets Fund Balance$-128,800$-54,724▲ $74,076
Total Liabilities and Net Assets / Fund Balance$102,640$192,625▲ $89,985

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$25,175--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jamie R AndersonBoard PresidentFT$19,200$19,200
Bobby AndersonExecutive DirectorFT$19,200$19,200

Board Members and Trustees

NameTitle
Mark LaurrieBoard Member
Colleen FrettholdBoard Secretary
Matt DobsonBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$63,916
Program Service Revenue
$588,362
Investment Income
$0
Other Revenue
$0
All Other Contributions
$37,370
Change in Net Assets
$44,057
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$335,108
Salaries, Compensation, and Employee Benefits$273,113
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$147,319$61,581-$208,900
Occupancy$103,821--$103,821
Current Officers, Directors, Trustees, and Key Employees$38,400--$38,400
Payroll Taxes$23,748$2,065-$25,813
Insurance-$8,269-$8,269
Travel-$5,653-$5,653
Interest-$4,989-$4,989
Fees for Services Legal-$3,135-$3,135
Fees for Services Accounting-$2,500-$2,500
Advertising-$2,219-$2,219
Information Technology-$2,111-$2,111
Office Expenses-$221-$221
Other Expenses$262,716$50-$50
All Other Expenses$1,315$6,191-$-62,494
Total Functional Expenses$577,319$100,902$0$608,221
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$60,000$25▼ $59,975
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 is reviewed by the treasurer and then presented to the board for approval

Form 990, Part VI, Section C, Line 19

F-bites does have a conflict of interest and a whistleblower policy

Form 990, Part VI, Section C, Line 19

A detailed list of cash receipts and disbursements is maintained throughout the year.

Form 990, Part VI, Section C, Line 19

The 990 and governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
F Bites Inc
EIN
47-4954148
Phone
7164004816
Address
1 SYMPHONY CIRCLE, Buffalo, NY 14201

Signing Officer

Name
Bobby Anderson
Title
President
Phone
7164004816
Signed
2022-10-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bobby Anderson
Formed
2015
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
46
Volunteers
46

Preparer

Firm
Frank Cornell Associates Inc
Address
781 DAVISON RD, LOCKPORT, NY 14094
Preparer
Cindy Wielgas Ea
Phone
7164343733
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc4CHEVY TAHOE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5FOOD TRUCK EQUIPMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE TREASURER AND THEN PRESENTED TO THE BOARD FOR APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1F-BITES DOES HAVE A CONFLICT OF INTEREST AND A WHISTLEBLOWER POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DETAILED LIST OF CASH RECEIPTS AND DISBURSEMENTS IS MAINTAINED THROUGHOUT THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 AND GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
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