Merrimack Valley Food Bank Inc
- Assets
- $5.1m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 22
- Location
- Lowell, MA
- Founding
- 08/1993
- Data as of
- 06/2022
- EIN
- 22-3241609
Organization Overview
Merrimack Valley Food Bank Inc is located in Lowell, MA. The organization was established in 1993. 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 06/2022, Merrimack Valley Food Bank Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merrimack Valley Food Bank 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 06/2022, Merrimack Valley Food Bank Inc generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $5.3m during the year ending 06/2022. While expenses have increased by 1.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE NUTRITIOUS FOOD AND PERSONAL CARE ITEMS TO EMERGENCY FEEDING PROGRAMS SERVING THE LOW-INCOME, HOMELESS AND HUNGRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MERRIMACK VALLEY FOOD BANK PROVIDES NUTRITIOUS FOOD AND PERSONAL CARE ITEMS TO EMERGENCY FEEDING PROGRAMS SERVING THE LOW-INCOME, HOMELESS AND HUNGRY. THE FOOD BANK IS ONE OF FOUR FOOD BANKS IN MASSACHUSETTS THAT SERVES FOOD PANTRIES, SHELTERS AND MEAL PROGRAMS THAT IN TURN, SERVE INDIVIDUALS AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Callery Executive Director | Officer | 40 | $63,601 |
James Good President/director | OfficerTrustee | 5 | $0 |
Amanda Clermont Secretary/director | OfficerTrustee | 4 | $0 |
Danielle Mcfadden Vice-President/director | OfficerTrustee | 4 | $0 |
Peter Mullin Legal Counsel/director | OfficerTrustee | 4 | $0 |
Ellen Andre Director | Trustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,294,148 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,190,371 |
| Noncash contributions included in lines 1a–1f | $3,807,298 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,484,519 |
| Total Program Service Revenue | $47,831 |
| Investment income | $10,089 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $228,818 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,773,148 |
| 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. | $63,601 |
| Compensation of current officers, directors, key employees. | $34,981 |
| Compensation to disqualified persons | $581,726 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,454 |
| Payroll taxes | $49,600 |
| 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 | $45,579 |
| Advertising and promotion | $6,257 |
| Office expenses | $7,772 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $62,033 |
| Insurance | $31,497 |
| All other expenses | $35,196 |
| Total functional expenses | $5,270,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $607,033 |
| Savings and temporary cash investments | $3,215,944 |
| Pledges and grants receivable | $15,000 |
| Accounts receivable, net | $238,786 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $271,680 |
| Prepaid expenses and deferred charges | $132,189 |
| Net Land, buildings, and equipment | $610,564 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,091,196 |
| Accounts payable and accrued expenses | $6,840 |
| Grants payable | $0 |
| Deferred revenue | $12,500 |
| 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 | $42,511 |
| Total liabilities | $61,851 |
| Net assets without donor restrictions | $4,462,693 |
| Net assets with donor restrictions | $566,652 |
| 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 | $5,091,196 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Merrimack Valley Food Bank Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Josephine G Russell Trust Andover, MA PURPOSE: CHARITY | $10,000 |
Artemas W Stearns Tr Andover, MA PURPOSE: CHARITY | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Worcester County Food Bank Inc Shrewsbury, MA | $18,509,870 | $19,136,564 |
Masbia Of Queens Brooklyn, NY | $208,695 | $6,270,720 |
The Open Door Cape Ann Food Pantry Inc Gloucester, MA | $8,508,042 | $7,338,820 |
Merrimack Valley Food Bank Inc Lowell, MA | $5,091,196 | $5,773,148 |
Bnai Raphael Chesed Organization Inc Brooklyn, NY | $178,311 | $4,342,622 |
Reb Shayalas Kitchen Monsey, NY | $87,179 | $3,500,867 |
Sephardic Food Fund Inc New York, NY | $2,017,531 | $3,873,990 |
Food Bank Association Of New York State Albany, NY | $1,662,336 | $3,136,286 |
Family Pantry Of Cape Cod Corp The Harwich, MA | $8,217,901 | $5,260,045 |
Food Bank Of Lower Fairfield County Inc Stamford, CT | $7,933,145 | $3,593,728 |
Food Pantries Of The Capital Dist Inc Albany, NY | $2,048,259 | $2,627,619 |
Brookline Food Pantry Inc Brookline, MA | $2,189,044 | $2,580,358 |