Philabundance
- Assets
- $62.9m
- Revenue
- $111.9m
- Investments
- $0.0
- Employees
- 143
- Location
- Philadelphia, PA
- Founding
- 05/1986
- Data as of
- 09/2021
- 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 09/2021, Philabundance employed 143 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 09/2021, Philabundance generated $111.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $102.5m during the year ending 09/2021. While expenses have increased by 13.5% per year over the past 6 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 392 individual grants totaling $78,215,862. 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
2021
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, PHLB DIRECTLY DISTRIBUTES FOOD TO MORE THAN 300 HUNGER RELIEF AGENCIES, AND DISTRIBUTES FOOD TO ANOTHER 300 AGENCIES THROUGH OTHER PARTNERSHIPS, THROUGHOUT A 9-COUNTY SERVICE AREA COVERING SOUTHEASTERN PENNSYLVANIA AND SOUTHERN NEW JERSEY. THROUGH COLLABORATION WITH MANUFACTURERS, GROCERS, AND LOCAL AGENCIES, PHLB WAS ABLE TO PURCHASE, COLLECT AND DELIVER DURING FISCAL YEAR 2021 UPWARDS OF 50,000,000 POUNDS OF FOOD TO SHELTERS FOR PEOPLE EXPERIENCING HOMELESSNESS, SOUP KITCHENS, FOOD CUPBOARDS, FOOD PANTRIES, AND AFTER-SCHOOL PROGRAMS, PROVIDING NUTRITIOUS OPTIONS TO MORE THAN 135,000 PEOPLE PER WEEK, INCLUDING THE REGION'S MOST VULNERABLE GROUPS INCLUDING SENIORS AND CHILDREN.
IN MARCH 2019, PHLB CREATED A SPECIFIC DEPARTMENT FOCUSED ON ENDING HUNGER FOR GOOD (EHFG). THIS DEPARTMENT FOCUSES ON COLLABORATIVELY PAIRING HEALTHY FOOD AND OTHER CRITICAL SERVICES TO WORK TOWARD LONG-TERM SOLUTIONS TO FOOD INSECURITY. TO END HUNGER FOR GOOD AND TO ENSURE THAT ALL PEOPLE BECOME FOOD SECURE, PHLB CONTINUES TO WORK TO DISRUPT THE CYCLE OF SPENDING TRADEOFFS BETWEEN FOOD AND OTHER NECESSITIES THAT PERPETUATE INSTABILITY. WE WILL INCREASE ACCESS TO NUTRITIOUS FOOD AND PROVIDE FOOD AS THE GATEWAY TO OTHER SERVICES THROUGH CROSS-SECTOR PARTNERSHIPS. THIS WILL SERVE TO DECREASE THE GAP IN FOOD NEED AND INCREASE OUTCOMES FOR BETTER HEALTH, INCOME/EMPLOYMENT, HOUSING STABILITY AND FINANCIAL LITERACY. IN ADDITION, PHILABUNDANCE HAS A CULINARY TRAINING PROGRAM THAT PROVIDES A 16-WEEK CULINARY VOCATIONAL TRAINING PROGRAM WHICH HAS BEEN TRANSFORMING THE LIVES OF WOMEN AND MEN WITH LOW-TO-NO INCOME SINCE 2000. PHLB COMPLETED THE CONSTRUCTION OF THE NEW PHILABUNDANCE COMMUNITY KITCHEN (PCK) FACILITY IN AUGUST 2020. THE NEW BUILDING WILL ENABLE PCK TO CONTINUE TO GROW ESPECIALLY BY INCREASING THE MEALS BEING PROVIDED EACH YEAR TO OUR COMMUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Schepps Former Officer | 0 | $178,356 | |
Glenn Bergman Former Officer | 0 | $171,018 | |
Melanie Cataldi Chief Impact Officer | 40 | $166,861 | |
Sara Hertz Sr Vp, Chief Development Offic | 40 | $162,196 | |
Stacy Behm Chief Programs Officer | 40 | $151,326 | |
Todd Silverstein Director, Finance | 40 | $133,497 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brad Cecil Associates Direct Mail | 9/29/21 | $1,733,042 |
Veris Benefits Consortium Llc Employee Benefits | 9/29/21 | $977,553 |
Alerus Financial Financial Consulting | 9/29/21 | $454,208 |
Citizens Bank Banking Service | 9/29/21 | $248,506 |
Peopleshare Temporary Staffing | 9/29/21 | $196,866 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $138,277 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,746,129 |
| Noncash contributions included in lines 1a–1f | $68,467,367 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,884,406 |
| Total Program Service Revenue | $6,967,351 |
| Investment income | $27,395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,606 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$154,066 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,938,565 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70,090,234 |
| 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. | $401,840 |
| Compensation of current officers, directors, key employees. | $122,629 |
| Compensation to disqualified persons | $42,223 |
| Other salaries and wages | $7,879,060 |
| Pension plan accruals and contributions | $158,597 |
| Other employee benefits | $1,167,112 |
| Payroll taxes | $595,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,600 |
| Fees for services: Accounting | $4,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,378,603 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,283,202 |
| Advertising and promotion | $28,349 |
| Office expenses | $1,851,516 |
| Information technology | $260,133 |
| Royalties | $0 |
| Occupancy | $1,912,333 |
| Travel | $714,617 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,182 |
| Interest | $47,235 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,099,560 |
| Insurance | $187,617 |
| All other expenses | $0 |
| Total functional expenses | $102,515,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,685,733 |
| Savings and temporary cash investments | $21,929,426 |
| Pledges and grants receivable | $468,752 |
| Accounts receivable, net | $1,031,315 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,112,646 |
| Prepaid expenses and deferred charges | $446,294 |
| Net Land, buildings, and equipment | $17,626,024 |
| Investments—publicly traded securities | $2,406,009 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,049,038 |
| Other assets | $101,742 |
| Total assets | $62,856,979 |
| Accounts payable and accrued expenses | $2,972,918 |
| Grants payable | $0 |
| Deferred revenue | $984,658 |
| 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 | $6,314,831 |
| Total liabilities | $14,952,406 |
| Net assets without donor restrictions | $47,904,573 |
| Net assets with donor restrictions | $0 |
| 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 | $62,856,979 |
Grants Awarded
Over the last fiscal year, Philabundance has awarded $78,215,862 in support to 392 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: Food Insecurity | $10,704,470 |
Philadelphia, PA PURPOSE: Food Insecurity | $2,463,598 |
CORNWELLS UNITED METHODIST CHURCH HARVEST MINISTRY PURPOSE: Food Insecurity | $2,379,653 |
Doylestown, PA PURPOSE: Food Insecurity | $2,008,665 |
Philadelphia, PA PURPOSE: Food Insecurity | $1,906,865 |
Philadelphia, PA PURPOSE: Food Insecurity | $1,865,110 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Philabundance has recieved totaling $302,900.
| Awarding Organization | Amount |
|---|---|
Energy Transfer Sunoco Foundation Wilmington, DE PURPOSE: FUEL AND PROGRAM GRANT | $250,000 |
The Edwin J And Barbara R Berkowitz Family Foundation Bryn Mawr, PA PURPOSE: GENERAL PURPOSE | $20,000 |
Lima Cares Philadelphia, PA PURPOSE: GENERAL OPERATING FUND | $10,000 |
Warrior Food Project Inc Delray Beach, FL PURPOSE: Programs | $9,400 |
Clarence J Venne Foundation Richboro, PA PURPOSE: UNRESTRICTED | $5,000 |
Broughton Foundation Drexel Hill, PA PURPOSE: UNRESTRICTED | $3,500 |
Endowment Analysis
| Beg. Balance | $1,616,378 |
| Earnings | $439,611 |
| Net Contributions | $250,000 |
| Other Expense | $96,328 |
| Ending Balance | $2,209,661 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Food Bank Of New Jersey Inc Hillside, NJ | $104,308,845 | $212,025,871 |
Mid-Ohio Foodbank Grove City, OH | $66,739,553 | $150,715,504 |
Central Pennsylvania Food Bank Harrisburg, PA | $41,756,494 | $105,777,464 |
Greater Cleveland Food Bank Inc Cleveland, OH | $99,360,232 | $158,496,466 |
Philabundance Philadelphia, PA | $62,856,979 | $111,938,565 |
Maryland Food Bank Inc Baltimore, MD | $64,631,559 | $77,965,271 |
Freestore-Foodbank Inc Cincinnati, OH | $43,700,173 | $84,720,917 |
Greater Pittsburgh Community Food Bank Duquesne, PA | $60,747,557 | $86,169,867 |
Akron-Canton Regional Foodbank Akron, OH | $38,369,339 | $52,426,998 |
Ohio Association Of Foodbanks Columbus, OH | $9,504,579 | $45,718,169 |
Mountaineer Food Bank Inc Gassaway, WV | $18,523,682 | $37,219,873 |
Feedmore Western New York Inc Buffalo, NY | $12,964,755 | $36,110,080 |