Philabundance
- Assets
- $55.3m
- Revenue
- $71.8m
- Investments
- $0.0
- Employees
- 200
- Location
- Philadelphia, PA
- Founding
- 05/1986
- Data as of
- 06/2022
- EIN
- 23-2290505
Organization Overview
Philabundance is located in Philadelphia, PA. 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 06/2022, Philabundance employed 200 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philabundance 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, Philabundance generated $71.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $79.7m during the year ending 06/2022. While expenses have increased by 7.5% 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, Philabundance has awarded 705 individual grants totaling $127,235,147. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DRIVE HUNGER FROM OUR COMMUNITIES TODAY AND END HUNGER FOR GOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FULFILL ITS MISSION TO RELIEVE HUNGER NOW, PHILABUNDANCE DIRECTLY DISTRIBUTES FOOD TO MORE THAN 360 COMMUNITY PARTNERS AND DISTRIBUTES ADDITIONAL FOOD TO ANOTHER 300 AGENCIES THROUGH OTHER INDIRECT PARTNERSHIPS, THROUGHOUT A 9-COUNTY SERVICE AREA COVERING SOUTHEASTERN PENNSYLVANIA AND SOUTHERN NEW JERSEY. THROUGH COLLABORATION WITH MANUFACTURERS, GROCERS, AND LOCAL PARTNERS, PHILABUNDANCE IS ABLE TO PURCHASE, COLLECT, AND DELIVER UPWARDS OF 50,000,000 POUNDS OF FOOD ANNUALLY TO FOOD PANTRIES, SOUP KITCHENS, FOOD CUPBOARDS, EMERGENCY SHELTERS, AND SCHOOOLS, PROVIDING NUTRITIOUS OPTIONS TO MORE THAN 135,000 PEOPLE EACH WEEK, INCLUDING THE REGION'S MOST VULNERABLE GROUPS INCLUDING SENIORS AND CHILDREN.
PHILABUNDANCE IS COMMITTED TO PROVIDING PEOPLE WITH THE FOOD THEY WANT AND NEED. TO HELP THIS PHILABUNDANCE LAUNCHED THE GOOD FOOD POLICY, WHICH OUTLINES OUR COMMITMENT TO ENSURING PEOPLE HAVE ACCESS TO NUTRIOUS AND CULTURALLY RESPONSIVE FOOD THAT IS PROCURED RESPONSIBLY. THIS EFFORTS BUILDS OFF OUR BELIEF TO PUT THE PEOPLE WE SERVE AT THE CENTER OF WHAT WE DO. WITH THAT IN MIND PHILABUNDANCE IS COMMITTEED TO NOT ONLY RELIEVING HUNGER TODAY BUT ALSO ENDING HUNGER FOR GOOD. THIS MEANS WE WILL FOCUS ON COLLABORATIVELY PAIRING HEALTHY FOOD AND OTHER CRITICAL SERVICES TO WORK TOWARD LONG-TERM SOLUTIONS TO FOOD INSECURITY. IN ADDITION, PHILABUNDANCE HAS A 16 WEEK CULINARY VOCATIONAL TRAINING PROGRAM WHICH HAS BEEN TRANSFORMING THE LIVES OF WOMEN AND MEN WITH LOW-TO-NO INCOME SINCE 2000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Loree D Jones Chief Executive Officer | Officer | 40 | $227,046 |
Melanie J Cataldi Chief Impact Officer | 40 | $163,826 | |
Gina Harlan Former Chief Financial Officer | 1 | $172,943 | |
Sara Hertz Chief Development Officer | 40 | $137,023 | |
Kate V Scully Chief Of External Affairs | 40 | $121,327 | |
Todd Silverstein Director, Finance | 40 | $118,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Feeding America Food Distribution | 6/29/22 | $2,899,742 |
Mid-atlantic Regional Coop Food Distribution | 6/29/22 | $1,663,963 |
Bentley Truck Services Inc Transportation Servi | 6/29/22 | $1,618,659 |
Allegiance Fundraising Llc Advertising | 6/29/22 | $1,598,687 |
Novick Brothers Corp Food Distribution | 6/29/22 | $1,369,593 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $132,983 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,933,804 |
| Noncash contributions included in lines 1a–1f | $45,214,604 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,066,787 |
| Total Program Service Revenue | $2,867,587 |
| Investment income | $61,290 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,553 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$541,854 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,821,574 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $47,512,458 |
| 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. | $297,153 |
| Compensation of current officers, directors, key employees. | $90,682 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,658,648 |
| Pension plan accruals and contributions | $155,474 |
| Other employee benefits | $1,332,437 |
| Payroll taxes | $573,078 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54,426 |
| 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 | $1,135,224 |
| Advertising and promotion | $192,115 |
| Office expenses | $2,615,396 |
| Information technology | $183,071 |
| Royalties | $0 |
| Occupancy | $2,123,798 |
| Travel | $607,732 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,328 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,001,420 |
| Insurance | $115,740 |
| All other expenses | $0 |
| Total functional expenses | $79,720,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,685,258 |
| Savings and temporary cash investments | $21,948,383 |
| Pledges and grants receivable | $476,708 |
| Accounts receivable, net | $904,652 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,022,798 |
| Prepaid expenses and deferred charges | $604,632 |
| Net Land, buildings, and equipment | $18,306,687 |
| Investments—publicly traded securities | $2,087,673 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,129,703 |
| Other assets | $99,542 |
| Total assets | $55,266,036 |
| Accounts payable and accrued expenses | $2,561,104 |
| Grants payable | $0 |
| Deferred revenue | $1,669,924 |
| 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 | $4,679,999 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,693,343 |
| Total liabilities | $15,604,370 |
| Net assets without donor restrictions | $37,092,872 |
| Net assets with donor restrictions | $2,568,794 |
| 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 | $55,266,036 |
Grants Awarded
Over the last fiscal year, Philabundance has awarded $49,019,285 in support to 313 organizations.
| Grant Recipient | Amount |
|---|---|
ANCHOR OF HOPE PURPOSE: FOOD INSECURITY | $51,358 |
CHURCH OF THE ANNUNCIATION PURPOSE: FOOD INSECURITY | $141,171 |
BEBASHI PURPOSE: FOOD INSECURITY | $91,954 |
BETHANY A M E CHURCH PURPOSE: FOOD INSECURITY | $22,019 |
BREWERYTOWN SHARSWOOD NAC PURPOSE: FOOD INSECURITY | $108,004 |
BRIGHT HOPE BAPTIST CHURCH PURPOSE: FOOD INSECURITY | $136,014 |