Neighbors In Need Inc
- Assets
- $560.9k
- Revenue
- $621.6k
- Investments
- $0.0
- Employees
- 10
- Location
- Lawrence, MA
- Founding
- 03/1990
- Data as of
- 12/2022
- 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 12/2022, Neighbors In Need Inc employed 10 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 12/2022, Neighbors In Need Inc generated $621.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $683.3k during the year ending 12/2022. While expenses have increased by 12.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOOD TO THOSE IN NEED
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FOOD FOR THOSE IN NEED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Zimmerman Executive D | Trustee | 40 | $66,300 |
Jorge Collado Board Member | Trustee | 1 | $0 |
Lori St Cyr Board Member | Trustee | 1 | $0 |
Ben Kellman Board Member | Trustee | 1 | $0 |
Diana Kiesel Board Member | Trustee | 1 | $0 |
Julie Prentiss Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $577,658 |
| Noncash contributions included in lines 1a–1f | $59,565 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $607,658 |
| Total Program Service Revenue | $0 |
| Investment income | $99 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,889 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $621,646 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $263,990 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,627 |
| Payroll taxes | $27,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,864 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,792 |
| Travel | $203 |
| 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 | $14,641 |
| Insurance | $14,931 |
| All other expenses | $1,729 |
| Total functional expenses | $683,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $291,851 |
| Savings and temporary cash investments | $198,143 |
| 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 | $8,315 |
| Net Land, buildings, and equipment | $60,572 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,062 |
| Total assets | $560,943 |
| Accounts payable and accrued expenses | $67,865 |
| 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 | $67,865 |
| Net assets without donor restrictions | $459,849 |
| Net assets with donor restrictions | $33,229 |
| 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 | $560,943 |