Food Bank Of South Jersey Inc

Organization Overview

Food Bank Of South Jersey Inc is located in Pennsauken, NJ. The organization was established in 1986. 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, Food Bank Of South Jersey Inc employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Bank Of South 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 12/2021, Food Bank Of South Jersey Inc generated $35.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $33.0m during the year ending 12/2021. While expenses have increased by 12.0% 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 2021, Food Bank Of South Jersey Inc has awarded 33 individual grants totaling $595,255. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FOOD BANK OF SOUTH JERSEY PROVIDES FOOD AND DELIVERS HEALTH AND WELLNESS PROGRAMS TO IMPROVE PEOPLE'S LIVES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOOD BANK OF SJ OPERATES A DONATED FOOD CENTER THAT DISTRIBUTES FOOD TO QUALIFYING NOT-FOR-PROFIT ORGANIZATIONS AND AGENCIES WHO DISTRIBUTE FOOD TO FOOD INSECURE INDIVIDUALS. DURING 2021 THE FOOD BANK DISTRIBUTED OVER 17.9 MILLION POUNDS OF FOOD. THE FOOD BANK ACCOMPLISHES THIS THROUGH FEEDMORE WHICH IS ITS CORE PROGRAM THROUGH WHICH THE ORGANIZATION SOLICITS SURPLUS FOOD EACH YEAR FROM LOCAL, REGIONAL AND NATIONAL FOOD SOURCES. MORE THAN 200 EMERGENCY FEEDING PROGRAMS ACCESS THIS FOOD DAILY TO MEET THE FOOD NEEDS OF THE PEOPLE LIVING IN FOOD INSECURE HOUSEHOLDS ACROSS THE 4 COUNTIES IT SERVES. THE EMERGENCY FOOD ASSISTANCE PROGRAM IS FUNDED BY THE STATE OF NEW JERSEY THROUGH DISTRIBUTION OF FUNDS FOR THE PURCHASE OF HEALTHY AND NUTRITIOUS FOODS TO FEED PEOPLE AFFECTED BY HUNGER THROUGH PARTICIPATING AGENCIES. IN JANUARY 2020, THE WORLD HEALTH ORGANIZATION DECLARED THE OUTBREAK OF A NOVEL CORONAVIRUS (COVID-19) AS A "PUBLIC HEALTH EMERGENCY OF INTERNATIONAL CONCERN," WHICH CONTINUES TO SPREAD THROUGHOUT THE WORLD AND HAS ADVERSELY IMPACTED GLOBAL COMMERCIAL ACTIVITY AND CONTRIBUTED TO SIGNIFICANT DECLINES AND VOLATILITY IN FINANCIAL MARKETS. THE CORONAVIRUS OUTBREAK AND GOVERNMENT RESPONSES ARE CREATING DISRUPTION IN GLOBAL SUPPLY CHAINS AND ADVERSELY IMPACTING MANY INDUSTRIES. THE OUTBREAK COULD CONTINUE TO HAVE A CONTINUED MATERIAL ADVERSE IMPACT ON ECONOMIC AND MARKET CONDITIONS AND TRIGGER A PERIOD OF GLOBAL ECONOMIC SLOWDOWN. THE RAPID DEVELOPMENT AND FLUIDITY OF THIS SITUATION PRECLUDES ANY PREDICTION AS TO THE ULTIMATE MATERIAL ADVERSE IMPACT OF THE CORONAVIRUS OUTBREAK. THE ORGANIZATION HAS SEEN A HIGH LEVEL OF SUPPORT DURING THE PANDEMIC WITH A SURPLUS OF $2.6 MILLION AND CASH OF $11.7 MILLION AS OF DECEMBER 31, 2021. PART OF THE INCREASE IN SUPPORT WAS USED THIS YEAR TO RESPOND TO THE ECONOMIC IMPACT OF THE PANDEMIC. THE ORGANIZATION SAW A SPIKE IN THE NUMBER OF THOSE HARDEST HIT. IN 2021, THE ORGANIZATION DISTRIBUTED 17.9 MILLION POUNDS OF FOOD AND 868,500 CHILDREN'S MEALS. APPROXIMATELY 59,000 SOUTH JERSEY INDIVIDUALS INCLUDING FAMILIES AND SENIORS TURNED TO THE FOOD BANK OF SOUTH JERSEY FOR FOOD RESOURCES. SEVERAL FACTORS HAVE AND WILL CONTINUE TO REQUIRE THE ORGANIZATION TO PURCHASE HUGE QUANTITIES OF FOOD AS WELL AS NON-FOOD ITEMS. FINANCIAL ASSETS ON HAND WILL HELP THE ORGANIZATION MEET EXTRAORDINARY NEEDS. THE CONCERN REMAINS ON FUNDING THE ANTICIPATED HIGHER NEED IN THE YEARS BEYOND. THE PREVIOUS DOWNTURN TOOK NEARLY A DECADE TO SEE AN ECONOMIC RECOVERY FOR THE ORGANIZATION'S CLIENT POPULATION.


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Board, Officers & Key Employees

Name (title)Compensation
Frederick C Wasiak
CEO
$197,826
Charlie Hosier
COO
$120,169
Lavinia Awosanya
Cdo
$106,984
Kathleen Horton
CFO
$99,967
Megan D Shea
Chairperson
$0
Michael H Kinzler
Treasurer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Maramount Corp
Food Purchases
$2,667,849
Mclane Hunger
Food Purchases
$1,229,544
Second Harvest Food Bank
Food Purchases
$939,573
Temptrol Corp
Freezer Expansion
$725,387
Cis
Food Purchases
$715,633
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$806,137
Related organizations$0
Government grants $18,207,251
All other contributions, gifts, grants, and similar amounts not included above$15,759,449
Noncash contributions included in lines 1a–1f $17,180,242
Total Revenue from Contributions, Gifts, Grants & Similar$34,772,837
Total Program Service Revenue$716,666
Investment income $55,921
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,689
Net Income from Fundraising Events $99,991
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$61
Miscellaneous Revenue$0
Total Revenue $35,639,314

Grants Awarded

Over the last fiscal year, Food Bank Of South Jersey Inc has awarded $595,255 in support to 33 organizations.

Grant RecipientAmount

LOVING OUR CITIES

Org PageRecipient Profile

Sewell, NJ

PURPOSE: FACILITY UPGRADES/PANDEMIC RELIEF

$165,000

COMISSIONED 2 SERVE

Org PageRecipient Profile

Willingboro, NJ

PURPOSE: PANDEMIC RELIEF FUND

$17,739

CITY OF LIGHT MINISTRIES

PURPOSE: ENHANCE HOME DELIVERY

$15,703

CECIL DELIVERANCE TABERNACLE

Org PageRecipient Profile

Williamstown, NJ

PURPOSE: PANDEMIC RELIEF FUND

$15,000

BEACON OF HOPE

PURPOSE: PANDEMIC RELIEF FUND

$15,000

CHRISTIAN CARING CTR-PEMBERTON

Org PageRecipient Profile

Pemberton, NJ

PURPOSE: PANDEMIC RELIEF FUND

$15,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 22 grants that Food Bank Of South Jersey Inc has recieved totaling $1,477,986.

Awarding OrganizationAmount
Community Foundation Of New Jersey

Morristown, NJ

PURPOSE: GENERAL SUPPORT

$898,585
Princeton Area Community Foundation Inc

Lawrenceville, NJ

PURPOSE: general operating support

$60,000
The Blackbaud Giving Fund

Charleston, SC

PURPOSE: GENERAL SUPPORT

$55,854
The Blackbaud Giving Fund

Charleston, SC

PURPOSE: GENERAL SUPPORT

$55,854
C P A C

Pennsauken, NJ

PURPOSE: social services

$53,489
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$52,154
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$25,035
Other Expense$25,035

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