The Greater Boston Food Bank Inc
- Assets
- $80.5m
- Revenue
- $188.0m
- Investments
- $0.0
- Employees
- 151
- Location
- Boston, MA
- Founding
- 05/1990
- Data as of
- 09/2021
- EIN
- 04-2717782
Organization Overview
The Greater Boston Food Bank Inc is located in Boston, MA. The organization was established in 1990. 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 09/2022, Greater Boston Food Bank Inc employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Boston 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 09/2021, Greater Boston Food Bank Inc generated $188.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $166.6m during the year ending 09/2021. While expenses have increased by 9.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GREATER BOSTON FOOD BANK'S MISSION IS TO END HUNGER IN EASTERN MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GBFB ACQUIRES FOOD THROUGH FOOD INDUSTRY PRODUCT DONATIONS, FOOD DRIVES, AND FINANCIAL CONTRIBUTIONS THAT ENABLE US TO PURCHASE ADDITIONAL HIGH-NUTRIENT QUALITY FOOD. WE ALSO BENEFIT FROM THE GENEROSITY OF OVER 7,000 VOLUNTEERS ANNUALLY WHO HELP SORT AND DISTRIBUTE DONATED FOOD PRODUCTS. GBFB WORKS TO ACQUIRE, STORE, ORGANIZE AND DISTRIBUTE FOOD THROUGH LOCAL FOOD PANTRIES, COMMUNITY MEAL PROGRAMS, SHELTERS, YOUTH PROGRAMS, SENIOR CENTERS AND OTHER COMMUNITY CENTERS IN THE 190 CITIES AND TOWNS OF EASTERN MASSACHUSETTS THAT GBFB SERVES. GBFB'S FOOD ASSISTANCE LOCATOR PROVIDES AN EASY WAY FOR PEOPLE IN NEED TO FIND HELP NEARBY. GBFB ALSO DISTRIBUTES FOOD DIRECTLY TO THOSE IN NEED THROUGH DEDICATED PROGRAMS THAT SERVE PARTICULARLY VULNERABLE GROUPS, SUCH AS SENIORS AND CHILDREN. SINCE 2009, GBFB HAS OPERATED OUT OF A STATE-OF-THE-ART 117,000 SQUARE-FOOT FOOD DISTRIBUTION FACILITY, THE YAWKEY DISTRIBUTION CENTER, LOCATED IN THE NEWMARKET SECTION OF BOSTON. THE GREATER BOSTON FOOD BANK IS A MEMBER OF FEEDING AMERICA, THE NATION'S LARGEST HUNGER-RELIEF ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Hamdan Director | Trustee | 1 | $0 |
Carl Paratore Director | Trustee | 2 | $0 |
Catherine D'amato President/ceo | OfficerTrustee | 40 | $497,365 |
Cedric Terrell Outgoing Director (7/21/22) | Trustee | 1 | $0 |
Chris Flynn Ex-Officio | Trustee | 1 | $0 |
Debbie Amaral Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Windwalker Group Llc Security Services | 9/29/22 | $272,236 |
Alta Enterprises Equipment Repair Services | 9/29/22 | $196,791 |
Slalom Llc It Consulting | 9/29/22 | $130,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $182,436,947 |
| Investment income | $252,594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $69,701 |
| Net Gain/Loss on Asset Sales | $1,743 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $187,976,800 |
| Statement of Expenses | |
|---|---|
| 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. | $1,622,232 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,682,761 |
| Pension plan accruals and contributions | $244,984 |
| Other employee benefits | $917,675 |
| Payroll taxes | $942,101 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $525 |
| Fees for services: Accounting | $73,050 |
| Fees for services: Lobbying | $30,800 |
| Fees for services: Fundraising | $20,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,690,378 |
| Advertising and promotion | $536,158 |
| Office expenses | $1,734,609 |
| Information technology | $763,103 |
| Royalties | $0 |
| Occupancy | $576,008 |
| Travel | $100,749 |
| 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 | $986,875 |
| Insurance | $13,238 |
| All other expenses | $0 |
| Total functional expenses | $166,557,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,026,883 |
| Savings and temporary cash investments | $5,687,500 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $223,796 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,293,635 |
| Prepaid expenses and deferred charges | $537,244 |
| Investments—publicly traded securities | $50,124,234 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $80,463,627 |
| Accounts payable and accrued expenses | $4,542,574 |
| Grants payable | $0 |
| Deferred revenue | $2,971,219 |
| 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 | $1,034,313 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,548,106 |
| 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 |
| Total liabilities and net assets/fund balances | $71,915,521 |