Community Food Bank Of New Jersey Inc
- Assets
- $104.3m
- Revenue
- $212.0m
- Investments
- $22.2m
- Employees
- 235
- Location
- Hillside, NJ
- Founding
- 06/1985
- Data as of
- 06/2021
- EIN
- 22-2423882
Organization Overview
Community Food Bank Of New Jersey Inc is located in Hillside, NJ. The organization was established in 1985. 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 06/2021, Community Food Bank Of New Jersey Inc employed 235 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Food Bank Of New Jersey 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 06/2021, Community Food Bank Of New Jersey Inc generated $212.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $187.1m during the year ending 06/2021. While expenses have increased by 10.9% 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, Community Food Bank Of New Jersey Inc has awarded 3,489 individual grants totaling $321,807,048. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE FIGHT HUNGER AND POVERTY IN NEW JERSEY BY ASSISTING THOSE IN NEED AND SEEKING LONG-TERM SOLUTIONS. WE ENGAGE, EDUCATE AND EMPOWER ALL SECTORS OF SOCIETY IN THE BATTLE (SEE SCH O)
Describe the Organization's Program Activity:
THE COMMUNITY FOODBANK OF NEW JERSEY, A MEMBER OF FEEDING AMERICA, IS THE LARGEST ANTI-HUNGER ORGANIZATION IN THE STATE. SEE SCHEDULE O FOR DETAILS REGARDING OUR PROGRAM SERVICE ACCOMPLISHMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos M Rodriguez Chief Executive Officer | Officer | 40 | $303,263 |
Karen Leies VP Of Development | Officer | 40 | $292,267 |
David Goldstein VP Of Operations | Officer | 40 | $214,923 |
Jeffrey Mott VP Of Finance | Officer | 40 | $190,419 |
Andre Solomon Director Of Finance | 40 | $149,226 | |
Terrence Williams VP Of Human Resources | Officer | 40 | $148,903 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Network Doctor It Solutions Servi It Support | 6/29/21 | $575,857 |
Mazars Optimization, Tech | 6/29/21 | $429,370 |
Heller Consulting Salesforce Migration | 6/29/21 | $303,973 |
Amergent Fundraising | 6/29/21 | $1,322,292 |
Execu-search Temporary Services | 6/29/21 | $493,299 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,529,321 |
| Related organizations | $0 |
| Government grants | $115,784,679 |
| All other contributions, gifts, grants, and similar amounts not included above | $91,218,144 |
| Noncash contributions included in lines 1a–1f | $136,162,602 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,532,144 |
| Total Program Service Revenue | $2,062,014 |
| Investment income | $765,291 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$20,036 |
| Net Gain/Loss on Asset Sales | $686,458 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $212,025,871 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $143,677,718 |
| Grants and other assistance to domestic individuals. | $15,351,423 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,605,625 |
| Compensation of current officers, directors, key employees. | $769,803 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,624,116 |
| Pension plan accruals and contributions | $418,994 |
| Other employee benefits | $1,753,751 |
| Payroll taxes | $832,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,833 |
| Fees for services: Accounting | $87,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,471,086 |
| Fees for services: Investment Management | $203,658 |
| Fees for services: Other | $4,003,456 |
| Advertising and promotion | $118 |
| Office expenses | $154,464 |
| Information technology | $1,901,953 |
| Royalties | $0 |
| Occupancy | $1,476,060 |
| Travel | $780,785 |
| 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 | $1,110,966 |
| Insurance | $120,507 |
| All other expenses | $306,851 |
| Total functional expenses | $187,136,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $903,099 |
| Savings and temporary cash investments | $9,296,672 |
| Pledges and grants receivable | $2,859,178 |
| Accounts receivable, net | $2,672,894 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,140,166 |
| Prepaid expenses and deferred charges | $816,915 |
| Net Land, buildings, and equipment | $12,317,637 |
| Investments—publicly traded securities | $40,113,393 |
| Investments—other securities | $22,188,891 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $104,308,845 |
| Accounts payable and accrued expenses | $5,776,646 |
| Grants payable | $0 |
| Deferred revenue | $3,057,332 |
| 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 | $319,846 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,153,824 |
| Net assets without donor restrictions | $90,491,131 |
| Net assets with donor restrictions | $4,663,890 |
| 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 | $104,308,845 |
Grants Awarded
Over the last fiscal year, Community Food Bank Of New Jersey Inc has awarded $45,893,310 in support to 417 organizations.
| Grant Recipient | Amount |
|---|---|
West Nyack, NY PURPOSE: Food Distribution | $2,003,533 |
Tucson, AZ PURPOSE: Food Distribution | $1,562,033 |
Trenton, NJ PURPOSE: Food Distribution | $1,245,442 |
Chicago, IL PURPOSE: Food Distribution | $979,181 |
Englewood, NJ PURPOSE: Food Distribution | $935,090 |
Washington, DC PURPOSE: Food Distribution | $782,066 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Community Food Bank Of New Jersey Inc has recieved totaling $41,000.
| Awarding Organization | Amount |
|---|---|
Mazars Usa Philanthropic Fund New York, NY PURPOSE: GENERAL SUPPORT | $19,000 |
Millie Luing Foundation Inc Woodland Park, NJ PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. | $10,000 |
Willens Family Foundation Short Hills, NJ PURPOSE: CHARITABLE GRANT | $6,000 |
Edward H Harvitt Family Foundation Florham Park, NJ PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $1,500 |
Morris Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
K P & Phoebe Tsolainos Foundation Inc Potomac, MD PURPOSE: GENERAL PURPOSES | $1,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Food Bank Of New Jersey Inc Hillside, NJ | $104,308,845 | $212,025,871 |
Central Pennsylvania Food Bank Harrisburg, PA | $41,756,494 | $105,777,464 |
Philabundance Philadelphia, PA | $62,856,979 | $111,938,565 |
Greater Pittsburgh Community Food Bank Duquesne, PA | $60,747,557 | $86,169,867 |
Feedmore Western New York Inc Buffalo, NY | $12,964,755 | $36,110,080 |
Food Bank Of Central New York Syracuse, NY | $20,826,838 | $35,826,283 |
Share Food Program Inc Phila, PA | $13,209,885 | $37,008,855 |
Food Bank Of Delaware Inc Newark, DE | $42,761,561 | $34,997,234 |
Food Bank Of South Jersey Inc Pennsauken, NJ | $19,506,805 | $35,639,314 |
Feeding Westchester Inc Elmsford, NY | $20,334,551 | $33,036,793 |
Regional Food Bank Of N E Ny Inc Latham, NY | $37,973,323 | $34,272,661 |
Second Harvest Food Bank Of Northwest Pennsylvania Erie, PA | $15,777,117 | $23,198,189 |