Worcester County Food Bank Inc
- Assets
- $21.3m
- Revenue
- $19.6m
- Investments
- $11.2m
- Employees
- 18
- Location
- Shrewsbury, MA
- Founding
- 10/1994
- Data as of
- 06/2023
- EIN
- 04-3071457
Organization Overview
Worcester County Food Bank Inc is located in Shrewsbury, MA. The organization was established in 1994. 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 06/2023, Worcester County Food Bank Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worcester County 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 06/2023, Worcester County Food Bank Inc generated $19.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $17.6m during the year ending 06/2023. While expenses have increased by 4.2% per year over the past 8 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.
Since 2020, Worcester County Food Bank Inc has awarded 32 individual grants totaling $1,213,693. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE,EDUCATE AND LEAD WORCESTER COUNTY IN CREATING A HUNGER FREE COMMUNITY THROUGH THE COLLECTION AND DISTRIBUTION OF DONATED FOOD AND ADVOCACY PROGRAMS THAT SUPPORT PEOPLE IN BEING MORE FOOD SECURE AND HEALTHY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD IS THE MOST BASIC OF HUMAN NEEDS. COMMUNITY SUPPORT MAKES IT POSSIBLE FOR TENS OF THOUSANDS OF PEOPLE IN WORCESTER COUNTY TO COUNT ON WORCESTER COUNTY FOOD BANK (WCFB) AND OUR NETWORK OF PARTNER AGENCIES FOR THEIR NEXT MEAL. WCFB'S FOOD SOURCING AND DISTRIBUTION PROGRAM COLLECTS AND INSPECTS PERISHABLE AND NON-PERISHABLE FOOD AND DISTRIBUTES IT THROUGH A NETWORK OF 115 PARTNER AGENCIES TO HELP FEED HUNGRY PEOPLE LIVING IN ALL 60 CITIES AND TOWNS OF WORCESTER COUNTY. LAST YEAR, THROUGH THIS PROGRAM, WCFB DISTRIBUTED 7.8 MILLION POUNDS OF DONATED FOOD AND GROCERY PRODUCT, ENOUGH FOR MORE THAN 6 MILLION MEALS TO NEARLY 124,000 DIFFERENT PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jess D Oyer ESQ Chairperson | OfficerTrustee | 2 | $0 |
Laurie Rains Vice Chair | OfficerTrustee | 2 | $0 |
Doug Moisan Treasurer | OfficerTrustee | 2 | $0 |
Maggie Karimi-Smith Clerk | OfficerTrustee | 2 | $0 |
Sabine Dupoux Board Member | Trustee | 2 | $0 |
Sehila Ryerson Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dolphin Resource Group Inc Bookkeeping | 6/29/21 | $248,049 |
Rkd Group Consultant | 6/29/21 | $109,099 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $293,584 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,990,552 |
| Noncash contributions included in lines 1a–1f | $15,075,992 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,284,136 |
| Total Program Service Revenue | $11,549 |
| Investment income | $214,714 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $46,031 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,580,223 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $232,500 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $639,527 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $90,320 |
| Payroll taxes | $54,260 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65,283 |
| Fees for services: Other | $336,629 |
| Advertising and promotion | $12,708 |
| Office expenses | $54,360 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $170,640 |
| Travel | $2,204 |
| 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 | $115,029 |
| Insurance | $40,536 |
| All other expenses | $187,736 |
| Total functional expenses | $17,646,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,824,103 |
| Savings and temporary cash investments | $250,608 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $394,049 |
| 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 | $44,983 |
| Net Land, buildings, and equipment | $1,533,170 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,221,990 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,268,903 |
| Accounts payable and accrued expenses | $174,266 |
| 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 | $174,266 |
| Net assets without donor restrictions | $20,788,237 |
| Net assets with donor restrictions | $306,400 |
| 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 | $21,268,903 |
Grants Awarded
Over the last fiscal year, Worcester County Food Bank Inc has awarded $117,250 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF CENTRAL MA PURPOSE: WORCESTER HOT MEALS PROGRAM | $30,000 |
UNITED WAY OF CENTRAL MA PURPOSE: HOT MEALS - HAITIAN REFUGEES | $31,000 |
THIRD SECTOR NEW ENGLAND PURPOSE: MASS FOOD SYSTEM COLLABORATIVE - FOOD SECURITY ADVOCACY | $56,250 |