Vermont Foodbank is located in Barre, VT. 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 09/2023, Vermont Foodbank employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Foodbank 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 09/2023, Vermont Foodbank generated $34.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $36.7m during the year ending 09/2023. While expenses have increased by 5.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE VERMONT FOODBANK IS THE STATE'S ONLY FOOD BANK AND AN INDEPENDENT NONPROFIT THAT IS PART OF THE FEEDING AMERICA NETWORK. OUR MISSION IS TO GATHER AND SHARE QUALITY FOOD AND NURTURE PARTNERSHIPS SO THAT NO ONE IN VERMONT WILL GO HUNGRY. WE PROVIDE NOURISHING FOOD THROUGH A NETWORK OF MORE THAN 320 COMMUNITY PARTNERS - FOOD SHELVES, MEAL SITES, SCHOOLS, HOSPITALS, AND HOUSING SITES. FOOD INSECURITY HAS INCREASED DRAMATICALLY AS A RESULT OF THE END OF THE PANDEMIC SUPPORTS AND ECONOMIC CRISIS; THE VERMONT FOODBANK HAS BEEN ON THE FRONT LINES, WORKING TO ENSURE THAT EVERYONE HAS THE FOOD THEY NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FISCAL YEAR 2023, THE VERMONT FOODBANK DISTRIBUTED 12.6 MILLION POUNDS OF DONATED FOOD, PRODUCE, USDA FOODS, AND PURCHASED FOOD DIRECTLY TO INDIVIDUALS AND MORE THAN 220 NETWORK PARTNERS. OF THAT, A RECORD 4.1 MILLION POUNDS WAS FRESH FRUITS AND VEGETABLES. AND A FULL 49% OF THE FOOD DISTRIBUTED WAS FRESH FOOD (PRODUCE, MEAT, AND DAIRY). THE VERMONT FOODBANK ALSO WORKED WITH MORE THAN 200 VERMONT FARMS TO GATHER AND SHARE MORE THAN 1.5 MILLION POUNDS OF LOCAL FOOD WORTH OVER $2.4 MILLION. DURING THE SAME PERIOD, THE FOODBANK FUNDED MORE THAN 480 GRANTS TOTALING ALMOST $2.7M TO NETWORK AND COMMUNITY PARTNER ORGANIZATIONS. THESE GRANTS, WHICH TOUCHED EVERY COUNTY IN VERMONT, DEEPENED OUR IMPACT AND HELPED SOLVE TARGETED CHALLENGES TO FOOD ACCESS IN LOCAL COMMUNITIES (EXAMPLES INCLUDE INCREASING REFRIGERATION CAPACITY TO ENABLING PURCHASING FRESH PRODUCE FROM LOCAL, SMALL-SCALE FARMS). THE FOODBANK WORKED WITH MORE THAN 21 PARTNERS, HOSPITALS, AND SCHOOLS TO HOST FRESH FOOD DISTRIBUTION EVENTS, PRIMARILY DRIVE-THRU, ACROSS ALL VERMONT COUNTIES, DISTRIBUTING FRESH FOODS TO AN AVERAGE OF 7600 HOUSEHOLDS A MONTH. THE VERMONT FOODBANK CONTINUES TO SEE SIGNIFICANT INCREASES IN EXPENSES OVER PRE-PANDEMIC BUDGETS. HOWEVER, INCREASES IN REVENUE ENABLED THE VERMONT FOODBANK TO CONFIDENTLY INCREASE ITS EXPENSES TO MEET A TREMENDOUS INCREASE IN FOOD INSECURITY IN VERMONT, BROUGHT ON BY THE GLOBAL PANDEMIC. REVENUE IN FISCAL YEAR 2023 MET PROJECTIONS, MAINLY THROUGH PRIVATE PHILANTHROPY AND A $2M APPROPRIATION FROM THE STATE OF VERMONT. A 2022 STUDY BY THE UNIVERSITY OF VERMONT SHOWS THAT 2 IN 5 PEOPLE IN VERMONT HAVE EXPERIENCED FOOD INSECURITY IN THE 12 MONTHS PRIOR. THIS DATA IS SUPPORTED BY 2022 DATA SHARED BY THE USDA. THESE STUDIES SHOW THAT FOOD INSECURITY IS FAR HIGHER THAN THE 9.6% FOOD INSECURITY RATE VERMONT SAW BEFORE THE CASCADING CRISES OF THE PAST THREE YEARS, AND IS ALSO HIGHER THAN AT ANY POINT IN 2020 OR 2021. THIS SUMMER'S CATASTROPHIC FLOODING AROUND THE STATE CREATED AN ADDITIONAL CRISIS FOR OUR NEIGHBORS EXPERIENCING HUNGER AND HAS PUT ADDITIONAL PRESSURE ON THE CHARITABLE AND EMERGENCY FOOD NETWORK. THIS LEVEL OF NEED IS BEYOND WHAT OUR NETWORK OF COMMUNITY ORGANIZATIONS WAS BUILT TO ADDRESS. THE NEED WAS MADE STARKER WITH THE END OF FEDERAL PANDEMIC-ERA PROGRAMS SUPPORTING OUR NEIGHBORS' NUTRITION NEEDS. THIS WAS FELT PARTICULARLY STRONGLY AMONG NEIGHBORS WHO ARE LEAST ABLE TO ADJUST QUICKLY TO THESE CHANGING CIRCUMSTANCES. SINCE SNAP (3SQUARESVT) EMERGENCY ALLOTMENTS ENDED IN APRIL 2023 (AN AVERAGE OF $500/MONTH IN LOST BENEFITS PER FAMILY, AFFECTING 40,000 HOUSEHOLDS), THE FOODBANK'S NETWORK OF FOOD PANTRIES, FOOD SHELVES, AND MEAL SITES HAS SEEN A MARKED INCREASE IN VISITS. IN JUNE 2023, VF DISTRIBUTED 988,913 LBS. OF FOOD. IN AUGUST IT WAS 1.42 MILLION LBS. - A 44% INCREASE. WE ANTICIPATE THAT THIS LEVEL OF NEED WILL CONTINUE TO REMAIN HIGH, ESPECIALLY IN FLOOD IMPACTED REGIONS.THE VERMONT FOODBANK, THE STATE'S ONLY FOOD BANK, IS AN INTEGRAL PART OF EMERGENCY RESPONSE IN THE STATE OF VERMONT. INCREASED REVENUE HAS ENABLED THE VERMONT FOODBANK TO: PURCHASE MORE FOOD TO MEET THE NEEDS OF NEIGHBORS, INCLUDING AN INCREASE IN LOCAL FOOD PURCHASES; INCREASE THE PERCENTAGE OF FRESH FOODS (FRUITS, VEGETABLES, DAIRY AND PROTEINS) BEING DISTRIBUTED STATE-WIDE; PROVIDE INCREASED, DIRECT FINANCIAL SUPPORT TO COMMUNITY PARTNERS, INCLUDING FOOD SHELVES, FARMS, AND FOOD ACCESS PROGRAMS (OFTEN SMALLER NON-PROFITS WITHOUT CAPACITY FOR FUNDRAISING AND/OR GRANT MANAGEMENT); CREATE NEW FOOD DISTRIBUTION MECHANISMS TO BOTH MEET INCREASED NEEDS AND DO SO SAFELY IN THE MIDST OF THE GLOBAL PANDEMIC; INVEST IN NEW IDEAS TO INCREASE FOOD ACCESS (HOPEFULLY REDUCING FUTURE NEED FOR LARGER-SCALE EMERGENCY RESPONSE); AND TO HAVE NECESSARY RESERVES TO CONTINUE TO SERVE AS AN INTEGRAL PART OF BOTH "NORMAL AND EMERGENCY RESPONSE CHARITABLE FOOD DISTRIBUTION/FOOD ACCESS IN THE STATE OF VERMONT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Amy Davenport Trustee | Trustee | 2 | $0 |
Will Eberle Trustee | Trustee | 2 | $0 |
Michael Hourigan Trustee | Trustee | 2 | $0 |
Bruce Nash Trustee | Trustee | 2 | $0 |
Dr Jacob Park Trustee | Trustee | 2 | $0 |
Melissa Roberge Trustee | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $6,777,760 |
All other contributions, gifts, grants, and similar amounts not included above | $25,380,078 |
Noncash contributions included in lines 1a–1f | $17,932,261 |
Total Revenue from Contributions, Gifts, Grants & Similar | $32,157,838 |
Total Program Service Revenue | $17,000 |
Investment income | $487,185 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $32,944 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $1,244,976 |
Miscellaneous Revenue | $0 |
Total Revenue | $34,063,087 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $17,676,625 |
Grants and other assistance to domestic individuals. | $5,484,470 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $297,746 |
Compensation of current officers, directors, key employees. | $272,604 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $5,319,747 |
Pension plan accruals and contributions | $130,119 |
Other employee benefits | $1,365,273 |
Payroll taxes | $426,652 |
Fees for services: Management | $0 |
Fees for services: Legal | $3,456 |
Fees for services: Accounting | $23,150 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $210,754 |
Advertising and promotion | $0 |
Office expenses | $364,570 |
Information technology | $44,313 |
Royalties | $0 |
Occupancy | $526,438 |
Travel | $33,002 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $119,827 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $324,605 |
Insurance | $89,934 |
All other expenses | $1,081,785 |
Total functional expenses | $36,682,200 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $459,111 |
Savings and temporary cash investments | $193,108 |
Pledges and grants receivable | $1,336,758 |
Accounts receivable, net | $100,813 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $2,562,413 |
Prepaid expenses and deferred charges | $86,467 |
Net Land, buildings, and equipment | $9,864,885 |
Investments—publicly traded securities | $19,880,361 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,262,460 |
Total assets | $35,746,376 |
Accounts payable and accrued expenses | $1,009,740 |
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 | $1,262,460 |
Total liabilities | $2,272,200 |
Net assets without donor restrictions | $32,675,159 |
Net assets with donor restrictions | $799,017 |
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 | $35,746,376 |
Over the last fiscal year, Vermont Foodbank has awarded $12,685,388 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
VARIOUS FOODSHELVES PURPOSE: URGENT NEEDS FUND | $12,474,771 |
CAPSTONE COMMUNITY ACTION PURPOSE: COMMUNITY KITCHEN ACADEMY | $109,858 |
CHITTENDEN FOOD SHELF PURPOSE: COMMUNITY KITCHEN ACADEMY | $100,759 |