Augusta Food Bank
- Assets
- $1.6m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Augusta, ME
- Founding
- 07/2003
- Data as of
- 12/2023
- EIN
- 01-0545734
Organization Overview
Augusta Food Bank is located in Augusta, ME. The organization was established in 2003. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, Augusta Food Bank employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Augusta Food Bank is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Augusta Food Bank generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 38.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE AUGUSTA FOOD BANK PROVIDES A SUPPLEMENTAL SOURCE OF FOOD TO INDIVIDUALS AND FAMILIES IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES A SUPPLEMENTAL SOURCE OF FOOD TO INDIVIDUALS AND FAMILIES IN NEED. IN 2023, THE ORGANIZATION PROVIDED 1,200,000 POUNDS OF FOOD - THE EQUIVALENT OF 75,000 MEALS PER MONTH - TO AN AVERAGE OF 2,500 INDIVIDUALS PER MONTH FROM OUR FACILITY AND OTHER VARIOUS LOCATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Moore Executive Di | Officer | 40 | $114,039 |
Jen Bechard Vice Preside | OfficerTrustee | 1 | $0 |
George Diplock Director | Trustee | 1 | $0 |
Heather Dubord Secretary | OfficerTrustee | 1 | $0 |
Steven Graham Director | Trustee | 1 | $0 |
Joe Lajoie Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $34,525 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,243,936 |
| Noncash contributions included in lines 1a–1f | $1,828,032 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,278,461 |
| Total Program Service Revenue | $0 |
| Investment income | $18,822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,915 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,302,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $114,039 |
| Compensation of current officers, directors, key employees. | $9,123 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,763 |
| Pension plan accruals and contributions | $6,556 |
| Other employee benefits | $7,354 |
| Payroll taxes | $17,014 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $396 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,378 |
| Office expenses | $9,295 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,466 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,124 |
| Insurance | $10,032 |
| All other expenses | $4,044 |
| Total functional expenses | $2,257,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,520 |
| Savings and temporary cash investments | $133,531 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $733,314 |
| Investments—publicly traded securities | $654,189 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,555,554 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $641 |
| Total liabilities | $641 |
| Net assets without donor restrictions | $1,554,913 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,555,554 |