Lacey Food Bank Inc
- Assets
- $609.4k
- Revenue
- $308.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Forked River, NJ
- Founding
- 04/2002
- Data as of
- 12/2021
- EIN
- 02-0554678
Organization Overview
Lacey Food Bank Inc is located in Forked River, NJ. The organization was established in 2002. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lacey Food Bank Inc 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 12/2021, Lacey Food Bank Inc generated $308.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $210.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF THE LACEY FOOD BANK, INC. IS TO DISTRIBUTE FOOD TO NEEDY LACEY TOWNSHIP, NJ RESIDENTS WHO MEET ESTABLISHED ELIGIBILITY CRITERIA. DISTRIBUTION IS ON THE 3RD THURSDAY AND FRIDAY OF EACH MONTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTED FOOD TO NEEDY LACEY TOWNSHIP RESIDENTS ON THE THIRD THURSDAY AND FRIDAY OF EACH MONTH AND ON AN EMERGENCY BASIS. SERVED OVER 293 INDIVIDUALS PER MONTH.
DISTRIBUTED BACK-TO-SCHOOL SUPPLIES, HALLOWEEN COSTUMES, AND HOLIDAY GIFTS TO THE NEEDY CHILDREN OF THE LACEY FOOD BANK NUMBERING 85.
DISTRIBUTED SPECIALLY ALLOCATED FUNDS TO NEEDY LACEY RESIDENTS EXPERIENCING NON-FOOD NEEDS HOUSING, TRANSPORTATION, HOME UPKEEP, UTILITIES, MEDICAL EXPENSES. 1 PERSON SERVED IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanne Kurtz 7326006387 Trustee | Trustee | 20 | $9,700 |
Cynthia Boylan-Pieja 6096937161 Treasurer, Trustee | Trustee | 10 | $5,200 |
Rev Terry Chapman 6096935624 Trustee | Trustee | 2 | $0 |
Harold Peters 6092420806 Co-Chairman | Trustee | 20 | $0 |
Ed Weisbrot 6096931085 Co-Chairman | Trustee | 20 | $0 |
Guy Burnett 6096938703 Chairman Emeritus | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,520 |
| All other contributions, gifts, grants, and similar amounts not included above | $269,324 |
| Noncash contributions included in lines 1a–1f | $132,146 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $296,844 |
| Total Program Service Revenue | $0 |
| Investment income | $7,413 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,879 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $308,136 |
| 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. | $14,900 |
| Compensation of current officers, directors, key employees. | $14,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,980 |
| Office expenses | $7,059 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,920 |
| 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 | $4,518 |
| Insurance | $4,079 |
| All other expenses | $8,546 |
| Total functional expenses | $210,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,839 |
| Savings and temporary cash investments | $313,130 |
| 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 | $16,811 |
| Investments—publicly traded securities | $256,617 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $609,397 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $609,397 |
| Total liabilities and net assets/fund balances | $609,397 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lacey Food Bank Inc has recieved totaling $21,303.
| Awarding Organization | Amount |
|---|---|
Southern Ocean County Community Foundation Inc Manahawkin, NJ PURPOSE: FOOD | $21,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $213 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $60 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $30 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Pittsburgh Community Food Bank Duquesne, PA | $60,747,557 | $86,169,867 |
Feedmore Western New York Inc Buffalo, NY | $12,964,755 | $36,110,080 |
Food Bank Of Central New York Syracuse, NY | $20,826,838 | $35,826,283 |
Share Food Program Inc Phila, PA | $13,209,885 | $37,008,855 |
Food Bank Of Delaware Inc Newark, DE | $42,761,561 | $34,997,234 |
Food Bank Of South Jersey Inc Pennsauken, NJ | $19,506,805 | $35,639,314 |
Feeding Westchester Inc Elmsford, NY | $20,334,551 | $33,036,793 |
Regional Food Bank Of N E Ny Inc Latham, NY | $37,973,323 | $34,272,661 |
Second Harvest Food Bank Of Northwest Pennsylvania Erie, PA | $15,777,117 | $23,198,189 |
Helping Harvest Fresh Food Bank Reading, PA | $13,213,395 | $15,794,436 |
Pennsylvania Association Of Regional Food Banks Canonsburg, PA | $225,827 | $15,078,768 |
Tomchei Shabbos Dlakewood Inc Lakewood, NJ | $8,550,433 | $14,447,125 |