Neighbors In Need Inc
- Assets
- $607.9k
- Revenue
- $874.2k
- Investments
- $0.0
- Employees
- 15
- Location
- Lawrence, MA
- Founding
- 03/1990
- Data as of
- 12/2021
- EIN
- 22-2481699
Organization Overview
Neighbors In Need Inc is located in Lawrence, MA. The organization was established in 1990. 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 12/2021, Neighbors In Need Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighbors In Need 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 12/2021, Neighbors In Need Inc generated $874.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $643.1k during the year ending 12/2021. While expenses have increased by 13.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING FOOD TO THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF SEVERAL FOOD PANTRIES; DISTRIBUTING FOOD AND DIAPERS TO PERSONS IN NEED IN THE MERRIMACK VALLEY COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Zimmerman Executive Director | 40 | $66,300 | |
Claire Ross Director, President | Officer | 5 | $0 |
Rob Thomas Director, Secretary | Officer | 5 | $0 |
Emily Strong Director, Vice President | Officer | 5 | $0 |
Ben Kellman Director | Trustee | 5 | $0 |
Jorge Collado Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $874,119 |
| Noncash contributions included in lines 1a–1f | $119,640 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $874,119 |
| Total Program Service Revenue | $0 |
| Investment income | $123 |
| 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 | $874,242 |
| 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. | $66,300 |
| Compensation of current officers, directors, key employees. | $3,315 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $217,513 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,351 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,350 |
| Office expenses | $12,648 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,027 |
| Travel | $11,081 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,421 |
| Insurance | $16,250 |
| All other expenses | $2,249 |
| Total functional expenses | $643,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,281 |
| Savings and temporary cash investments | $354,147 |
| Pledges and grants receivable | $0 |
| 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 | $9,991 |
| Net Land, buildings, and equipment | $59,010 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,507 |
| Total assets | $607,936 |
| Accounts payable and accrued expenses | $53,252 |
| 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 | $53,252 |
| Net assets without donor restrictions | $541,684 |
| Net assets with donor restrictions | $13,000 |
| 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 | $607,936 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Neighbors In Need Inc has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Josephine G Russell Trust Andover, MA PURPOSE: CHARITY | $20,000 |
Artemas W Stearns Tr Andover, MA PURPOSE: CHARITY | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connecticut Foodshare Inc Wallingford, CT | $64,587,641 | $98,816,890 |
Foodshare Inc Bloomfield, CT | $22,505,719 | $52,446,003 |
Feedmore Western New York Inc Buffalo, NY | $12,964,755 | $36,110,080 |
Vermont Foodbank Barre, VT | $37,316,599 | $36,820,063 |
Food Bank Of Central New York Syracuse, NY | $20,826,838 | $35,826,283 |
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 |
Rhode Island Community Food Bank Association Providence, RI | $24,835,902 | $26,504,097 |
The Food Bank Of Western Massachusetts Inc Hatfield, MA | $32,478,592 | $28,657,996 |
Worcester County Food Bank Inc Shrewsbury, MA | $18,509,870 | $19,136,564 |
Masbia Of Queens Brooklyn, NY | $208,695 | $6,270,720 |
The Open Door Cape Ann Food Pantry Inc Gloucester, MA | $8,508,042 | $7,338,820 |