Community Food Bank Of New Jersey Inc
- Assets
- $94.9m
- Revenue
- $167.3m
- Investments
- $22.3m
- Employees
- 314
- Location
- Hillside, NJ
- Founding
- 06/1985
- Data as of
- 06/2022
- 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 06/2022, Community Food Bank Of New Jersey Inc employed 314 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 06/2022, Community Food Bank Of New Jersey Inc generated $167.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $169.3m during the year ending 06/2022. While expenses have increased by 7.7% 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, Community Food Bank Of New Jersey Inc has awarded 3,102 individual grants totaling $267,033,862. 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
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:
Part 3 - Line 4a
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 President & CEO | Officer | 40 | $363,311 |
Karen Leies VP Of Development | Officer | 40 | $301,589 |
David Goldstein VP Of Operations | Officer | 40 | $222,391 |
Terrence Williams VP Of Human Resources | Officer | 40 | $161,337 |
Jeannie Fournier VP Of Programs & Services | Officer | 40 | $160,746 |
Glenn Hansen Director Of Operations | 40 | $149,933 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amergent Fundraising | 6/29/22 | $1,760,500 |
Mazars Usa Llp Optimization, Tech | 6/29/22 | $794,430 |
Network Doctor It Solutions Servi It Support | 6/29/22 | $711,248 |
Execu-search Temporary Services | 6/29/22 | $596,466 |
Psa3 Llc Marketing And Advert | 6/29/22 | $489,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,429,173 |
| Related organizations | $0 |
| Government grants | $75,747,593 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,481,694 |
| Noncash contributions included in lines 1a–1f | $99,582,188 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,658,460 |
| Total Program Service Revenue | $1,044,023 |
| Investment income | $1,118,819 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $62,273 |
| Net Gain/Loss on Asset Sales | $1,383,172 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $167,266,747 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $118,453,980 |
| Grants and other assistance to domestic individuals. | $16,431,708 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,831,995 |
| Compensation of current officers, directors, key employees. | $857,733 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,229,310 |
| Pension plan accruals and contributions | $504,866 |
| Other employee benefits | $2,220,327 |
| Payroll taxes | $969,871 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $232,441 |
| Fees for services: Accounting | $100,628 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,020,272 |
| Fees for services: Investment Management | $316,202 |
| Fees for services: Other | $2,602,346 |
| Advertising and promotion | $674,517 |
| Office expenses | $1,597,585 |
| Information technology | $1,062,252 |
| Royalties | $0 |
| Occupancy | $1,916,797 |
| Travel | $1,066,468 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $488,600 |
| Interest | $21,119 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,163,932 |
| Insurance | $154,192 |
| All other expenses | $0 |
| Total functional expenses | $169,298,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,107,878 |
| Savings and temporary cash investments | $4,149,944 |
| Pledges and grants receivable | $1,453,509 |
| Accounts receivable, net | $3,984,979 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,260,382 |
| Prepaid expenses and deferred charges | $1,741,440 |
| Net Land, buildings, and equipment | $14,631,469 |
| Investments—publicly traded securities | $35,243,476 |
| Investments—other securities | $22,329,496 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $94,902,573 |
| Accounts payable and accrued expenses | $6,195,771 |
| Grants payable | $0 |
| Deferred revenue | $4,043,152 |
| 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 | $258,423 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,497,346 |
| Net assets without donor restrictions | $79,703,280 |
| Net assets with donor restrictions | $4,701,947 |
| 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 | $94,902,573 |
Grants Awarded
Over the last fiscal year, Community Food Bank Of New Jersey Inc has awarded $36,665,088 in support to 441 organizations.
| Grant Recipient | Amount |
|---|---|
ELIZABETHPORT PRESB CHURCH PURPOSE: FOOD | $884,100 |
IGLESIA CRISTIANA EVANGELIO CO PURPOSE: FOOD | $965,771 |
CENTER FOR FOOD ACTION PURPOSE: FOOD | $912,657 |
FR ENGLISH EMERG FOOD PANTRY PURPOSE: FOOD | $800,277 |
MEN AND WOMEN OF VALOR PURPOSE: FOOD | $614,917 |
TABLE OF HOPE PURPOSE: FOOD | $726,507 |