Community Food Bank Of Franklin County
- Assets
- $149.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Vernon, TX
- Founding
- 08/2010
- Data as of
- 12/2023
- EIN
- 26-4361932
Organization Overview
Community Food Bank Of Franklin County is located in Mount Vernon, TX. The organization was established in 2010. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Food Bank Of Franklin County 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, Community Food Bank Of Franklin County generated $93.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $67.3k during the year ending 12/2023. While expenses have increased by 2.9% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PURCHASES GROCERIES TO DISTRIBUTE TO THE NEEDY;RELATED OCCUPANCY AND OVERHEAD EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn F Lowry President | 10 | $0 | |
Joe Falkner Vice President | 0 | $0 | |
Sherri Harvey Secretary | 1 | $0 | |
Leonard Lowry Treasurer | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,045 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $93,045 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $51,357 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $15,835 |
| Printing, publications, postage, and shipping | $122 |
| Other expenses | $0 |
| Total expenses | $67,314 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $90,343 |
| Other assets | $0 |
| Total assets | $148,982 |
| Total liabilities | $0 |
| Net assets or fund balances | $148,982 |