Food Bank Of Delaware Inc
- Assets
- $42.8m
- Revenue
- $35.0m
- Investments
- $0.0
- Employees
- 90
- Location
- Newark, DE
- Founding
- 06/1972
- Data as of
- 06/2022
- EIN
- 51-0258984
Organization Overview
Food Bank Of Delaware Inc is located in Newark, DE. The organization was established in 1972. 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, Food Bank Of Delaware Inc employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Bank Of Delaware 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, Food Bank Of Delaware Inc generated $35.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $33.2m during the year ending 06/2022. While expenses have increased by 7.8% 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
THE TAX EXEMPT PURPOSE OF THE ORGANIZATION IS TO HELP CREATE A COMMUNITY FREE FROM HUNGER BY PROVIDING FOOD TO THOSE IN NEED AND INFORMATION TO OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD DISTRIBUTION - THE FOOD DISTRIBUTION PROGRAM MAINTAINS FOOD AND RELATED PRODUCT OBTAINED THROUGH DONATIONS, WHICH ARE THEN MADE AVAILABLE TO QUALIFIED MEMBER AGENCIES FOR A SHARED MAINTENCE FEE.
COMMUNITY DEVELOPMENT - THE COMMUNITY DEVELOPMENT PROGRAM ASSISTS NEW AND CURRENT MEMBERS AGENCIES IN MAXIMIZING THE BENEFITS THE FOOD BANK OFFERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sanjay Malik Former Inter | Officer | 40 | $177,483 |
Cathy Kanefsky President An | OfficerTrustee | 40 | $123,437 |
Trevor Turner C.o.o | Officer | 40 | $109,510 |
Lawrence Haas Chief Dev. O | Officer | 40 | $107,688 |
Anna Mcdermott Sr. Dir Of W | Officer | 40 | $86,578 |
Gregg Schmidt Ext. Affairs | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
M Fellinger Co Food Sales | 6/29/22 | $831,031 |
Mid-atlantic Regional Cooperative Distribution | 6/29/22 | $1,268,198 |
Simco Sales Food Sales | 6/29/22 | $577,578 |
Whiting-turner Contracting Company Construction | 6/29/22 | $520,880 |
Becker Morgan Group Design | 6/29/22 | $645,032 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,895,313 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,927,835 |
| Noncash contributions included in lines 1a–1f | $18,521,195 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,823,148 |
| Total Program Service Revenue | $1,103,150 |
| Investment income | $4,391 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$21,995 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,997,234 |
| 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. | $537,055 |
| Compensation of current officers, directors, key employees. | $16,112 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,614,587 |
| Pension plan accruals and contributions | $51,209 |
| Other employee benefits | $372,962 |
| Payroll taxes | $315,615 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,936 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $423,603 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $329,895 |
| Travel | $31,821 |
| 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 | $961,653 |
| Insurance | $182,667 |
| All other expenses | $503,816 |
| Total functional expenses | $33,191,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,399,058 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,899,037 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,174,434 |
| Prepaid expenses and deferred charges | $12,348 |
| Net Land, buildings, and equipment | $19,214,076 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $62,608 |
| Total assets | $42,761,561 |
| Accounts payable and accrued expenses | $1,512,887 |
| 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 | $0 |
| Total liabilities | $1,512,887 |
| Net assets without donor restrictions | $40,432,504 |
| Net assets with donor restrictions | $816,170 |
| 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 | $42,761,561 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Food Bank Of Delaware Inc has recieved totaling $700.
| Awarding Organization | Amount |
|---|---|
The Rita And Harry Greenberger Foundation Inc Haddonfield, NJ PURPOSE: GENERAL PURPOSES | $500 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $100 |
Martin I And Sandra P Lubaroff Family Foundation Audubon, PA PURPOSE: GIFT TO HELP ASSIST THE ONGOING EFFORTS OF FOOD DONATION | $100 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Pennsylvania Food Bank Harrisburg, PA | $41,756,494 | $105,777,464 |
Philabundance Philadelphia, PA | $62,856,979 | $111,938,565 |
Maryland Food Bank Inc Baltimore, MD | $64,631,559 | $77,965,271 |
Greater Pittsburgh Community Food Bank Duquesne, PA | $60,747,557 | $86,169,867 |
Share Food Program Inc Phila, PA | $13,209,885 | $37,008,855 |
Food Bank Of Delaware Inc Newark, DE | $42,761,561 | $34,997,234 |
Food Bank Of South Jersey Inc Pennsauken, NJ | $19,506,805 | $35,639,314 |
Second Harvest Food Bank Of Northwest Pennsylvania Erie, PA | $15,777,117 | $23,198,189 |
Helping Harvest Fresh Food Bank Reading, PA | $13,213,395 | $15,794,436 |
Pennsylvania Association Of Regional Food Banks Canonsburg, PA | $225,827 | $15,078,768 |
Tomchei Shabbos Dlakewood Inc Lakewood, NJ | $8,550,433 | $14,447,125 |
Westmoreland County Food Bank Inc Delmont, PA | $9,656,892 | $11,524,650 |