Franklin Township Food Bank
- Assets
- $1.4m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 16
- Location
- Somerset, NJ
- Founding
- 11/1983
- Data as of
- 12/2020
- EIN
- 22-2406472
Organization Overview
Franklin Township Food Bank is located in Somerset, NJ. The organization was established in 1983. 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 12/2020, Franklin Township Food Bank employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Township Food Bank 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 12/2020, Franklin Township Food Bank generated $4.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $3.8m during the year ending 12/2020. While expenses have increased by 5.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTION OF FOOD TO QUALIFIED FAMILIES IN FRANKLIN TWP, NJ
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASH AND FOOD CONTRIBUTIONS WERE USED TO SUPPLY FOOD TO NEEDY FAMILIES WITHIN FRANKLIN TOWNSHIP. CLOTHING CONTRIBUTIONS WERE ALSO DISTRIBUTED TO NEEDY FAMILIES AS WELL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Hasner Executive Di | Trustee | 40 | $68,210 |
Vaseem Firdaus Trustee | Trustee | 1 | $0 |
Gleny Herlihy Trustee | Trustee | 1 | $0 |
John Galat Treasurer | Trustee | 1 | $0 |
Barry Gilmore President | Trustee | 1 | $0 |
Lisa Frey Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,169 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,622,237 |
| Noncash contributions included in lines 1a–1f | $3,108,468 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,666,406 |
| Total Program Service Revenue | $0 |
| Investment income | $2,774 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,669,180 |
| 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. | $68,210 |
| Compensation of current officers, directors, key employees. | $6,821 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $307,772 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $38,201 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,582 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,481 |
| Office expenses | $27,614 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,254 |
| Travel | $3,304 |
| 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 | $11,627 |
| Insurance | $21,617 |
| All other expenses | $0 |
| Total functional expenses | $3,830,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,163,510 |
| Savings and temporary cash investments | $100,656 |
| Pledges and grants receivable | $9,985 |
| 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 | $24,278 |
| Net Land, buildings, and equipment | $100,469 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,398,898 |
| Accounts payable and accrued expenses | $7,444 |
| 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 | $7,444 |
| Net assets without donor restrictions | $1,391,454 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,398,898 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Franklin Township Food Bank has recieved totaling $116,943.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $73,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,521 |
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: general operating support | $10,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $8,066 |
Americas Grow A Row Inc Pittstown, NJ | | $7,115 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Westmoreland County Food Bank Inc Delmont, PA | $9,656,892 | $11,524,650 |
York County Food Bank York, PA | $7,741,170 | $9,567,818 |
Masbia Of Queens Brooklyn, NY | $208,695 | $6,270,720 |
Interfaith Food Pantry Inc Morris Plains, NJ | $8,140,579 | $7,741,813 |
Bnai Raphael Chesed Organization Inc Brooklyn, NY | $178,311 | $4,342,622 |
Franklin Township Food Bank Somerset, NJ | $1,398,898 | $4,669,180 |
Reb Shayalas Kitchen Monsey, NY | $87,179 | $3,500,867 |
Sephardic Food Fund Inc New York, NY | $2,017,531 | $3,873,990 |
Food Bank Association Of New York State Albany, NY | $1,662,336 | $3,136,286 |