Foodbank Of Monmouth And Ocean Counties Inc
- Assets
- $29.3m
- Revenue
- $37.2m
- Investments
- $0.0
- Employees
- 70
- Location
- Neptune, NJ
- Founding
- 11/1986
- Data as of
- 06/2023
- EIN
- 22-2622522
Organization Overview
Foodbank Of Monmouth And Ocean Counties Inc, operating under the name Fulfill, is located in Neptune, NJ. The organization was established in 1986. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 06/2023, Fulfill employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fulfill 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 06/2023, Fulfill generated $37.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $35.5m during the year ending 06/2023. While expenses have increased by 4.0% 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, Fulfill has awarded 114 individual grants totaling $2,168,502. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ALLEVIATE HUNGER AND BUILD FOOD SECURITY IN MONMOUTH AND OCEAN COUNTIES, NEW JERSEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FULFILL ACQUIRES NUTRITIOUS FOOD FOR DISTRIBUTION TO FAMILIES IN NEED IN MONMOUTH AND OCEAN COUNTIES. FULFILL PRIMARILY DELIVERS NUTRITIOUS FOOD THROUGH A NETWORK OF CHARITABLE AGENCIES, OUR MOBILE PANTRIES, AND KIDS' FEEDING PROGRAMS. SOURCES OF DONATED FOOD INCLUDE LOCAL FOOD DONATIONS, NATIONAL DONATIONS THROUGH FEEDING AMERICA, AND GOVERNMENT FOOD SUCH AS THE EMERGENCY FOOD ASSISTANCE PROGRAM (TEFAP). FULFILL SUPPLEMENTS DONATED FOOD AND PRODUCTS WITH SPECIFIC GROCERY ITEMS PURCHASED THROUGH A SMALL BULK CO-OP PROGRAM, AS WELL AS PURCHASES MADE WITH FUNDING FROM THE STATE FOOD PURCHASE PROGRAM AND OTHER FUNDING.
THE CULINARY TRAINING PROGRAM PROVIDES HANDS-ON TRAINING IN AN ONSITE PRODUCTION KITCHEN FOR UNDERPRIVILEGED ADULTS IN NEED OF PERMANENT EMPLOYMENT. THE PROGRAM HELPS MEN AND WOMEN BECOME SELF-SUFFICIENT BY PROVIDING THE SKILLS THEY NEED TO OBTAIN BETTER-PAYING JOBS AND OPERATES OUT OF THE TOMS RIVER LOCATION. THE CULINARY TRAINING PROGRAM HELPS PREPARE HOT MEALS FOR THE AFTER-SCHOOL AND SUMMER FOOD PROGRAMS.
FULFILL IDENTIFIES OPPORTUNITIES AND RESOURCES DESIGNED TO REDUCE THE NEED AND KEEP OUR FAMILIES FOOD SECURE. FULFILL ASSISTS HOUSEHOLDS TO ACCESS BENEFITS AND RESOURCES THAT WILL HELP THEM ADDRESS THE BUDGET SHORTFALL WHICH CAN CAUSE HUNGER AND PREVENT FOOD SECURITY. RESOURCES INCLUDE BUT ARE NOT LIMITED TO OUTREACH AND APPLICATION ASSISTANCE FOR SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM (SNAP) AND AS NAVIGATORS IN APPLYING FOR HEALTH INSURANCE UNDER THE AFFORDABLE CARE ACT AND MEDICAID/NJ FAMILY CARE. ACTIVITIES ARE CONDUCTED LOCALLY AND AT AS MANY AS 25 COMMUNITY SITES EACH MONTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Holman CPA Chair | OfficerTrustee | 4 | $0 |
Aaron Levine Vice Chair | OfficerTrustee | 1 | $0 |
Janelle Griffith Secretary | OfficerTrustee | 1 | $0 |
Joseph Stroffolino III Treasurer | OfficerTrustee | 4 | $0 |
Sandy S Broughton Trustee | Trustee | 1 | $0 |
Shandra Chisolm Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allegiance Fundraising Direct Mail/direct Marketing | 6/29/23 | $595,605 |
Think Media Llc Pr & Marketing | 6/29/23 | $103,562 |
Your Part-time Controller Llc Outsourced Accounting | 6/29/23 | $241,922 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $5,763 |
| Membership dues | $0 |
| Fundraising events | $241,437 |
| Related organizations | $0 |
| Government grants | $12,542,725 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,793,941 |
| Noncash contributions included in lines 1a–1f | $13,625,875 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,583,866 |
| Total Program Service Revenue | $21,505 |
| Investment income | $553,031 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,387 |
| Net Income from Fundraising Events | -$17,429 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,218,857 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $170,119 |
| Grants and other assistance to domestic individuals. | $14,215,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $212,119 |
| Compensation of current officers, directors, key employees. | $212,119 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,825,248 |
| Pension plan accruals and contributions | $58,602 |
| Other employee benefits | $593,804 |
| Payroll taxes | $245,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,594 |
| Fees for services: Accounting | $449,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $98,027 |
| Fees for services: Other | $583,626 |
| Advertising and promotion | $448,932 |
| Office expenses | $777,259 |
| Information technology | $233,558 |
| Royalties | $0 |
| Occupancy | $541,214 |
| Travel | $229,980 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,283 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $564,184 |
| Insurance | $122,447 |
| All other expenses | $0 |
| Total functional expenses | $35,476,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,334,374 |
| Savings and temporary cash investments | $6,541,233 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $250,131 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,078,561 |
| Prepaid expenses and deferred charges | $30,373 |
| Net Land, buildings, and equipment | $2,320,472 |
| Investments—publicly traded securities | $14,614,716 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,106,481 |
| Total assets | $29,276,341 |
| Accounts payable and accrued expenses | $1,640,828 |
| Grants payable | $0 |
| Deferred revenue | $1,031,888 |
| 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 | $990,307 |
| Total liabilities | $3,663,023 |
| Net assets without donor restrictions | $24,530,588 |
| Net assets with donor restrictions | $1,082,730 |
| 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 | $29,276,341 |
Grants Awarded
Over the last fiscal year, Foodbank Of Monmouth And Ocean Counties Inc has awarded $125,782 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BY FAITH MINISTRIES PANTRY PURPOSE: FOOD AND RELATED PANTRY ASSISTANCE | $8,605 |
COLLABORATIVE SUPPORT PROGRAMS PURPOSE: FOOD AND RELATED PANTRY ASSISTANCE | $10,256 |
DESTINY FOOD PANTRY PURPOSE: FOOD AND RELATED PANTRY ASSISTANCE | $15,528 |
MERCY CENTER PURPOSE: FOOD AND RELATED PANTRY ASSISTANCE | $15,000 |
OPEN DOOR PURPOSE: FOOD AND RELATED PANTRY ASSISTANCE | $22,843 |
SIMON'S SOUP KITCHEN PURPOSE: FOOD AND RELATED PANTRY ASSISTANCE | $10,935 |