Food Bank Of South Jersey Inc
- Assets
- $23.9m
- Revenue
- $48.6m
- Investments
- $870.8k
- Employees
- 105
- Location
- Pennsauken, NJ
- Founding
- 06/1986
- Data as of
- 12/2023
- EIN
- 22-2623089
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 12/2023, Food Bank Of South Jersey Inc employed 105 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 12/2023, Food Bank Of South Jersey Inc generated $48.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $44.3m during the year ending 12/2023. While expenses have increased by 12.9% per year over the past 9 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 52 individual grants totaling $717,648. 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
THE FOOD BANK OF SOUTH JERSEY PROVIDES FOOD AND DELIVERS HEALTH AND WELLNESS PROGRAMS TO IMPROVE PEOPLES LIVES. THE FOOD BANK OF SOUTH JERSEY EXISTS TO PROVIDE AN IMMEDIATE SOLUTION TO THE URGENT PROBLEM OF HUNGER BY PROVIDING FOOD TO PEOPLE IN NEED, TEACHING THEM TO EAT NUTRITIOUSLY, AND HELPING THEM TO FIND SUSTAINABLE WAYS TO IMPROVE THEIR 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 2023 THE FOOD BANK DISTRIBUTED OVER 22.1 MILLION POUNDS OF FOOD. THE FOOD BANK ACCOMPLISHES THIS THROUGH FEEDMORE WHICH IS ITS CORE PROGRAM THROUGH WHICH THE ORGANIZATION PURCHASES AND 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. FBSJ DISTRIBUTED MORE THAN 18 MILLION MEALS IN 2023, THROUGH DIRECT DISTRIBUTIONS AND ITS NETWORK OF MORE THAN 200 PARTNER AGENCIES, AND POSITIVELY IMPACTED OVER 170,000 SOUTH JERSEY NEIGHBORS.IN 2023, WE PURCHASED A BUILDING FOR $3,200,000 TO EXPAND OUR CAPACITY, WHICH RESULTED IN REVENUE LESS EXPENSES ON LINE 19 OF $4,273,846. REVENUE LESS EXPENSES AFTER THE BUILDING PURCHASE IS COMPARABLE TO PRIOR YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan D Shea Trustee | Trustee | 1 | $0 |
Michael Matheis Secretary | OfficerTrustee | 1 | $0 |
Suzanne Ghee Chair | OfficerTrustee | 1 | $0 |
Altheia Leduc Trustee | Trustee | 1 | $0 |
Elias Bitar Trustee | Trustee | 1 | $0 |
Jeff Hayman Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Worksite Staffing Temporary Labor | 12/30/23 | $233,641 |
Trusted Veteran Roofing Contractors | 12/30/23 | $197,513 |
Beringer Technology Group It Services | 12/30/23 | $188,136 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $808,618 |
| Related organizations | $0 |
| Government grants | $23,763,866 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,827,477 |
| Noncash contributions included in lines 1a–1f | $23,895,066 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,399,961 |
| Total Program Service Revenue | $653,735 |
| Investment income | $285,059 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $258,866 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,610,335 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,022 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,458,132 |
| Pension plan accruals and contributions | $149,326 |
| Other employee benefits | $737,625 |
| Payroll taxes | $514,004 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $214,360 |
| Office expenses | $518,732 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $518,555 |
| Travel | $52,843 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $151,720 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $524,820 |
| Insurance | $56,335 |
| All other expenses | $1,650,205 |
| Total functional expenses | $44,336,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,133,180 |
| Savings and temporary cash investments | $5,585,095 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $569,399 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,397,081 |
| Prepaid expenses and deferred charges | $279,132 |
| Net Land, buildings, and equipment | $8,181,468 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $870,799 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $925,257 |
| Total assets | $23,941,411 |
| Accounts payable and accrued expenses | $1,108,913 |
| Grants payable | $0 |
| Deferred revenue | $1,436,711 |
| 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 | $925,257 |
| Total liabilities | $3,470,881 |
| Net assets without donor restrictions | $19,879,071 |
| Net assets with donor restrictions | $591,459 |
| 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 | $23,941,411 |
Grants Awarded
Over the last fiscal year, Food Bank Of South Jersey Inc has awarded $122,393 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CALVARY BAPTIST CHURCH OF SJ PURPOSE: PANDEMIC RELIEF FUND | $6,200 |
BEACON OF HOPE PURPOSE: PANDEMIC RELIEF FUND | $6,000 |
CHERRY HILL FOOD AND OUTREACH COUNCIL PURPOSE: PANDEMIC RELIEF FUND | $6,200 |
CHRISTIAN CARING CTR-PEMBERTON PURPOSE: PANDEMIC RELIEF FUND | $6,200 |
COMISSIONED 2 SERVE PURPOSE: PANDEMIC RELIEF FUND | $5,250 |
GLORIOUS LIGHT MINISTRIES PURPOSE: PANDEMIC RELIEF FUND | $6,200 |