Food Bank For New York City
- Assets
- $62.1m
- Revenue
- $187.1m
- Investments
- $0.0
- Employees
- 265
- Location
- New York, NY
- Founding
- 11/1983
- Data as of
- 06/2022
- 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 06/2022, Food Bank For New York City employed 265 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 06/2022, Food Bank For New York City generated $187.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $188.0m during the year ending 06/2022. While expenses have increased by 11.7% 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.
Since 2015, Food Bank For New York City has awarded 4,875 individual grants totaling $528,267,176. 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
2022
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. IN FY22, FOOD BANK DISTRIBUTED 114.7 MILLION POUNDS OF FOOD EQUIVALENT TO 96 MILLION MEALS. IN ADDITION, FOOD BANK WAS AWARDED FUNDS TO ADMINISTER FOR ANOTHER 12.2 MILLION POUNDS (EQUIVALENT TO 10 MILLION MEALS) THROUGH NYS NOURISH SUBAWARDS AND THE ONE-TIME NYS RESTAURANT RESILIENCY PROGRAM. ALSO THE WAR IN UKRAINE HAD AN IMPACT ON OUR NYC COMMUNITIES AS AN INFLUX OF REFUGEES REACHED NYC IN APRIL/MAY OF 2022. FOOD BANK RESPONDED WITH MOBILE DISTRIBUTIONS INTO HIGHEST NEEDS AREAS, AND WORKED WITH OUR PANTRY PARTNERS, COMMUNITY LEADERS, THE MAYOR'S OFFICE OF IMMIGRANT AFFAIRS TO ESTABLISH "CRISIS RESPONSE" PLANS FOR THESE AND OTHER EMERGENCIES WHERE FOOD IS REQUIRED.ADDITIONALLY, FOOD BANK WORKED TO STRENGTHEN ITS NETWORK OF EMERGENCY FOOD PROVIDERS BY SUPPORTING THEM WITH $3.5 MILLION IN OPERATING GRANTS, $575,000 IN EQUIPMENT AND LAUNCHED A MASTERCLASS SEMINAR SERIES TO BUILD ONGOING PARTNER AGENCY OPERATIONAL CAPACITY COVERING FUNDRAISING, ADVOCACY, LEADERSHIP, SUSTAINABILITY AND PROJECT MANAGEMENT.
NUTRITION EDUCATION: IN FY22, FOOD BANK FOR NEW YORK CITY CONTINUED WITH VIRTUAL LEARNING CURRICULUM AND VIRTUAL WORKSHOPS AND RESTORED PRE-PANDEMIC IN-PERSON ACTIVITIES AS CIRCUMSTANCES PERMITTED.
INCOME SUPPORT SERVICES: FOOD BANK'S INCOME SUPPORT SERVICES PROVIDES FREE TAX PREPARATION SERVICES AND FINANCIAL WORKSHOPS AND COUNSELING. IN FY22, FOOD BANK'S TAX SERVICES FACILITATED 18,000 TAX RETURNS TOTALING $35.8 MILLION IN REFUNDS GENERATING AN EQUIVALENT 1.3 MILLION MEALS AND A COMMUNITY ECONOMIC IMPACT OF MORE THAN $55 MILLION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Stainman Treasurer | OfficerTrustee | 2 | $0 |
George Garfunkel Board Member | Trustee | 2 | $0 |
Gloria Pitagorsky Vice Chair | OfficerTrustee | 2 | $0 |
Katie Lee Board Member | Trustee | 2 | $0 |
Kevin Frisz Board Member | Trustee | 2 | $0 |
Kyra Sedgwick Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hire Point Staffing Services | 6/29/22 | $1,208,031 |
Point Sur Consulting | 6/29/22 | $476,269 |
State To State Van Lines Trucking/shipping | 6/29/22 | $410,617 |
Rkd Group Llc Direct Marketing | 6/29/22 | $1,198,186 |
Allied Security Holdings Llc Security Services | 6/29/22 | $365,666 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,363,702 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,002,952 |
| Noncash contributions included in lines 1a–1f | $85,298,330 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $185,366,654 |
| Total Program Service Revenue | $813,218 |
| Investment income | $29,955 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,746 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $187,094,963 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $146,515,981 |
| 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. | $792,367 |
| Compensation of current officers, directors, key employees. | $674,762 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,334,962 |
| Pension plan accruals and contributions | $422,059 |
| Other employee benefits | $2,363,157 |
| Payroll taxes | $1,476,602 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,371 |
| 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 | $3,030,163 |
| Advertising and promotion | $853,454 |
| Office expenses | $820,410 |
| Information technology | $1,197,752 |
| Royalties | $0 |
| Occupancy | $3,281,090 |
| Travel | $81,511 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,726 |
| Interest | $97,287 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $663,346 |
| Insurance | $171,026 |
| All other expenses | $801,755 |
| Total functional expenses | $188,033,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,543,602 |
| Savings and temporary cash investments | $6,905,175 |
| Pledges and grants receivable | $19,873,909 |
| Accounts receivable, net | $298,363 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,263,978 |
| Prepaid expenses and deferred charges | $1,293,354 |
| Net Land, buildings, and equipment | $7,441,157 |
| Investments—publicly traded securities | $13,308,383 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,166,808 |
| Total assets | $62,094,729 |
| Accounts payable and accrued expenses | $9,178,287 |
| 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 | $1,293,950 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,814,858 |
| Total liabilities | $14,287,095 |
| Net assets without donor restrictions | $46,490,998 |
| Net assets with donor restrictions | $1,316,636 |
| 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 | $62,094,729 |
Grants Awarded
Over the last fiscal year, Food Bank For New York City has awarded $114,655,992 in support to 686 organizations.
| Grant Recipient | Amount |
|---|---|
ABRAHAM HOUSE INC PURPOSE: PROGRAM SUPPORT | $13,314 |
ABRIGO DEL ALTISIMO PURPOSE: PROGRAM SUPPORT | $30,857 |
ABUNDANT GRACE FOR THE FORSAKEN FOOD PANTRY PURPOSE: PROGRAM SUPPORT | $125,402 |
ABUNDANT LIFE TABERNACLE INC PURPOSE: PROGRAM SUPPORT | $103,818 |
ACS - THE ADMINISTRATION FOR CHILDREN'S SERVICES PURPOSE: PROGRAM SUPPORT | $27,493 |
ACTS COMMUNITY DEVELOPMENT CORP PURPOSE: PROGRAM SUPPORT | $113,540 |