Regional Food Bank Of N E Ny Inc
- Assets
- $45.8m
- Revenue
- $97.5m
- Investments
- $0.0
- Employees
- 150
- Location
- Latham, NY
- Founding
- 01/1984
- Data as of
- 12/2022
- EIN
- 22-2470885
Organization Overview
Regional Food Bank Of N E Ny Inc is located in Latham, NY. The organization was established in 1984. 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 12/2022, Regional Food Bank Of N E NY Inc employed 150 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional Food Bank Of N E NY 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 12/2022, Regional Food Bank Of N E NY Inc generated $97.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $96.5m during the year ending 12/2022. While expenses have increased by 25.2% per year over the past 8 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, Regional Food Bank Of N E NY Inc has awarded 223 individual grants totaling $6,082,410. 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
TO LEAD A NETWORK OF PARTNERS TO ALLEVIATE HUNGER, PREVENT FOOD WASTE, AND NOURISH THE COMMUNITIES WE SERVE. OUR VISION IS THAT ALL PEOPLE HAVE THE NUTRITIOUS FOOD THEY NEED TO THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL PROVISION/DISTRIBUTION OF MORE THAN 45 MILLION POUNDS OF FOOD TO OVER 1,000 CHARITABLE AGENCIES IN 23 COUNTIES OF NORTHEASTERN NEW YORK. THESE CHARITABLE AGENCIES PROVIDE FOOD AND MEALS TO PERSONS IN NEED.
CERTAIN HUNGER PREVENTION NUTRITION ASSISTANCE PROGRAMS (HPNAP) ARE SUPPORTED BY THE NEW YORK STATE DEPARTMENT OF HEALTH BY MEANS OF PASS THROUGH ARRANGEMENTS WITH THE REGIONAL FOOD BANK OF NORTHEASTERN NEW YORK (FOOD BANK). THESE PROGRAMS INCLUDE OPERATION SUPPORT GRANTS AND SUBCONTRACTS FOR MEMBER AGENCIES OF THE FOOD BANK, A NUTRITION EDUCATION PROJECT, AND A PROGRAM TO FUND THE TRANSPORTATION OF DONATED FOODS.
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 |
|---|---|---|---|
Kevin Reilly Director | Trustee | 2 | $0 |
Tim Kensky Director | Trustee | 2 | $0 |
Mike Lofrumento Director | Trustee | 2 | $0 |
Nils Lundberg Director | Trustee | 2 | $0 |
Maryann Mcgeorge Director | Trustee | 2 | $0 |
Kathy Derosa Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Malone & Tate Builders Construction | 12/30/22 | $794,512 |
Kenworth Northeast Group Automotive Repair | 12/30/22 | $282,031 |
Mulally Brothers Maintenance | 12/30/22 | $235,694 |
Anderson Group Architectural Services | 12/30/22 | $179,089 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $47,438 |
| Membership dues | $0 |
| Fundraising events | $519,824 |
| Related organizations | $0 |
| Government grants | $20,819,378 |
| All other contributions, gifts, grants, and similar amounts not included above | $66,631,762 |
| Noncash contributions included in lines 1a–1f | $57,390,774 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,018,402 |
| Total Program Service Revenue | $8,549,700 |
| Investment income | $189,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $492,966 |
| Net Income from Fundraising Events | $286,006 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $97,549,848 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,582,811 |
| 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. | $665,174 |
| Compensation of current officers, directors, key employees. | $509,070 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,829,637 |
| Pension plan accruals and contributions | $225,741 |
| Other employee benefits | $1,003,071 |
| Payroll taxes | $409,294 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,138 |
| Fees for services: Other | $153,593 |
| Advertising and promotion | $0 |
| Office expenses | $461,172 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $841,823 |
| Travel | $18,269 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,515 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $736,151 |
| Insurance | $205,217 |
| All other expenses | $753,960 |
| Total functional expenses | $96,478,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $687,118 |
| Savings and temporary cash investments | $19,650,936 |
| Pledges and grants receivable | $4,736,147 |
| Accounts receivable, net | $552,837 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,702,973 |
| Prepaid expenses and deferred charges | $211,624 |
| Net Land, buildings, and equipment | $6,741,769 |
| Investments—publicly traded securities | $2,699,477 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,861,807 |
| Total assets | $45,844,688 |
| Accounts payable and accrued expenses | $878,366 |
| Grants payable | $1,001,678 |
| Deferred revenue | $646,569 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,427,516 |
| 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 | $78,796 |
| Total liabilities | $5,032,925 |
| Net assets without donor restrictions | $38,606,589 |
| Net assets with donor restrictions | $2,205,174 |
| 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 | $45,844,688 |
Grants Awarded
Over the last fiscal year, Regional Food Bank Of N E Ny Inc has awarded $2,254,566 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
SCHENECTADY COMMUNITY MINISTRIES PURPOSE: OSP GRANT & NNY AWARD | $555,830 |
CAPITAL ROOTS PURPOSE: NNY AWARD | $314,159 |
COMMISSION OF ECONOMIC OPPORTUNITY PURPOSE: NNY AWARD | $313,373 |
CORNELL COOPERATIVE EXT ORANGE CO PURPOSE: NNY AWARD | $241,362 |
DELAWARE OPPORTUNITIES INC PURPOSE: OSP GRANT & NNY AWARD | $201,668 |
COMFORT FOOD OF WASHINGTON CO PURPOSE: OSP GRANT, NNY AWARD & AGENCY REBATE | $180,656 |