Food Bank For New York City
- Assets
- $69.7m
- Revenue
- $224.7m
- Investments
- $0.0
- Employees
- 170
- Location
- New York, NY
- Founding
- 11/1983
- Data as of
- 06/2021
- EIN
- 13-3179546
Organization Overview
Food Bank For New York City is located in New York, NY. The organization was established in 1983. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Food Bank For New York City employed 170 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Bank For New York City 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 06/2021, Food Bank For New York City generated $224.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $210.3m during the year ending 06/2021. While expenses have increased by 16.0% per year over the past 6 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 2015, Food Bank For New York City has awarded 4,790 individual grants totaling $501,328,746. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF FOOD BANK FOR NEW YORK CITY IS TO END HUNGER BY ORGANIZING FOOD, INFORMATION AND SUPPORT FOR COMMUNITY SURVIVAL AND DIGNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD DISTRIBUTION AND STORAGE. FOOD BANK FOR NEW YORK CITY'S MISSION IS TO END HUNGER BY ORGANIZING FOOD, INFORMATION, AND SUPPORT FOR COMMUNITY SURVIVAL, AND DIGNITY. IN FY21, FOOD BANK FOR NYC DISTRIBUTED 143.1 MILLION POUNDS EQUIVALENT TO 121 MILLION MEALS THROUGHOUT THE 5 BOROUGHS OF NEW YORK CITY. SEE SCHEDULE O FOR INFORMATION ON OUR COVID-19 RESPONSE.
COMMUNITY KITCHEN AND FOOD PANTRY: OPENED IN 1984, THE COMMUNITY KITCHEN AND FOOD PANTRY OF WEST HARLEM (THE "KITCHEN") IS A RESOURCE AND SERVICE CENTER FOR THE COMMUNITY OF WEST HARLEM. THE KITCHEN OPERATES A CONGREGATE MEAL PROGRAM; A CONSUMER-CHOICE FOOD PANTRY AND, A PROGRAM CONNECTING INDIVIDUALS AND FAMILIES TO INCOME SUPPORT PROGRAMS, INCLUDING SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM, FREE TAX-RETURN PREPARATION SERVICES, AND RENT, MORTGAGE AND UTILITY ASSISTANCE.
INCOME SUPPORT SERVICES: AT THE CORE OF FOOD BANK NYC'S INCOME SUPPORT SERVICES FOR LOW TO MODERATE-INCOME NEW YORKERS ARE FREE SERVICES, SCREENINGS, ENROLLMENT, AND INFORMATION ON HOW TO ACCESS THE VARIOUS FEDERAL CREDITS AND BENEFITS. AS EVIDENCE IS THE FOCUS ON THE EARNED INCOME TAX CREDIT PROGRAM, WHERE FOOD BANK TRIES TO HELP FAMILIES ACHIEVE THE HIGHEST CREDIT ALLOWED UNDER THE TAX LAW. ADDITIONALLY, FOOD BANK'S FREE TAX-RETURN PREPARATION SERVICES FOR THE WORKING POOR CAN ALSO CONNECT ELIGIBLE INDIVIDUALS TO TAX REFUNDS THAT MOVE THEM CLOSER TO FOOD AND FINANCIAL SECURITY. FOOD BANK'S FOOD AND FINANCIAL EMPOWERMENT SERVICES ALSO PROVIDES GROUP WORKSHOPS AND FINANCIAL COUNSELING SESSIONS THAT ENABLE INDIVIDUALS TO BEGIN CREATING A VIABLE FINANCIAL FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margarette Purvis President And CEO (former) | 35 | $854,835 | |
Lisa Hines-Johnson COO (former) | 35 | $352,382 | |
Leslie Gordon President And CEO | Officer | 35 | $248,724 |
Veronica Jarrett CFO | Officer | 35 | $226,105 |
Tami Wilson VP Operations/admin Servi | 35 | $191,428 | |
Camesha Grant VP Of Community Connection | 35 | $168,183 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rkd Group Llc Direct Marketing | 6/29/21 | $1,469,581 |
Hire Point Staffing Services | 6/29/21 | $1,048,100 |
Allied Security Holdings Llc Security Services | 6/29/21 | $334,941 |
Risa Heller Public Relations | 6/29/21 | $169,002 |
Barker & Scott Consulting Gift Processing Support | 6/29/21 | $147,809 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $419,691 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $49,279,209 |
| All other contributions, gifts, grants, and similar amounts not included above | $173,487,618 |
| Noncash contributions included in lines 1a–1f | $121,799,463 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,186,518 |
| Total Program Service Revenue | $1,507,367 |
| Investment income | $31,578 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,055 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $224,744,277 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $174,889,344 |
| 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. | $753,484 |
| Compensation of current officers, directors, key employees. | $639,188 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,221,827 |
| Pension plan accruals and contributions | $177,560 |
| Other employee benefits | $1,674,760 |
| Payroll taxes | $1,040,870 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $225,309 |
| 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 | $3,260,596 |
| Advertising and promotion | $309,746 |
| Office expenses | $887,817 |
| Information technology | $1,846,344 |
| Royalties | $0 |
| Occupancy | $3,055,630 |
| Travel | $57,395 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,247 |
| Interest | $77,571 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $482,439 |
| Insurance | $453,323 |
| All other expenses | $633,110 |
| Total functional expenses | $210,304,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,632,692 |
| Savings and temporary cash investments | $20,555,123 |
| Pledges and grants receivable | $18,199,750 |
| 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 | $3,337,931 |
| Prepaid expenses and deferred charges | $589,992 |
| Net Land, buildings, and equipment | $5,426,550 |
| Investments—publicly traded securities | $17,997,183 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,922,864 |
| Total assets | $69,662,085 |
| Accounts payable and accrued expenses | $12,825,296 |
| Grants payable | $0 |
| Deferred revenue | $276,192 |
| 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 | $1,407,428 |
| Unsecured mortgages and notes payable | $867,500 |
| Other liabilities | $5,385,604 |
| Total liabilities | $20,762,020 |
| Net assets without donor restrictions | $44,728,956 |
| Net assets with donor restrictions | $4,171,109 |
| 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 | $69,662,085 |
Grants Awarded
Over the last fiscal year, Food Bank For New York City has awarded $156,010,583 in support to 775 organizations.
| Grant Recipient | Amount |
|---|---|
LA JORNADA LTD PURPOSE: PROGRAM SUPPORT | $6,842,947 |
Long Island City, NY PURPOSE: PROGRAM SUPPORT | $6,147,942 |
Richmond Hill, NY PURPOSE: PROGRAM SUPPORT | $5,286,604 |
Brooklyn, NY PURPOSE: PROGRAM SUPPORT | $4,237,579 |
DEPARTMENT OF PROBATION NEON KITCHEN BRONX PURPOSE: PROGRAM SUPPORT | $4,065,029 |
Bronx, NY PURPOSE: PROGRAM SUPPORT | $3,001,444 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Food Bank For New York City has recieved totaling $181,500.
| Awarding Organization | Amount |
|---|---|
Epstein Philanthropies New York, NY PURPOSE: GENERAL PURPOSES | $60,000 |
The Fullgraf Foundation Wilmington, DE PURPOSE: CAMPUS PANTRIES | $55,000 |
C A L Foundation Inc New York, NY PURPOSE: GENERAL PURPOSES | $25,000 |
Warrior Food Project Inc Delray Beach, FL PURPOSE: Programs | $14,500 |
Deeds Foundation New York, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Andreas And Shirley Kramvis Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Endowment Analysis
| Beg. Balance | $1,341,032 |
| Earnings | $500 |
| Net Contributions | $6,000,000 |
| Ending Balance | $7,341,532 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Food Bank For New York City New York, NY | $69,662,085 | $224,744,277 |
Fidelity Non-Profit Management Foundation Boston, MA | $2,237,901,889 | $256,876,248 |
The Bridgespan Group Inc Boston, MA | $174,186,501 | $94,948,133 |
Grhs Foundation Inc Rochester, NY | $150,651,211 | $43,275,253 |
Phoebe Services Inc Allentown, PA | $13,209,475 | $32,050,372 |
Hispanic Federation Inc New York, NY | $50,299,555 | $50,097,384 |
Common Fund For Non-Profit Organizations Wilton, CT | $4,189,942,831 | $274,004,992 |
Affiliates Risk Management Services Inc New York, NY | $25,877,262 | $29,825,362 |
New Profit Inc Boston, MA | $113,525,114 | $77,118,974 |
Nonprofit Finance Fund New York, NY | $319,614,124 | $35,516,704 |
Npower Inc Brooklyn, NY | $16,868,984 | $22,673,461 |
Program Development Services Inc Brooklyn, NY | $16,969,361 | $21,610,144 |