Feed More Inc
- Assets
- $51.8m
- Revenue
- $89.0m
- Investments
- $22.0m
- Employees
- 142
- Location
- Richmond, VA
- Founding
- 05/1981
- Data as of
- 06/2023
- EIN
- 54-1150923
Organization Overview
Feed More Inc is located in Richmond, VA. The organization was established in 1981. 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 06/2023, Feed More Inc employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Feed More 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 06/2023, Feed More Inc generated $89.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $83.1m during the year ending 06/2023. While expenses have increased by 6.3% per year over the past 8 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 2015, Feed More Inc has awarded 458 individual grants totaling $455,657,896. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FEEDMORE'S MISSION IS TO FIGHT HUNGER IN CENTRAL VIRGINIA. WE ARE THE CORE HUNGER RELIEF ORGANIZATION SERVING CHILDREN, FAMILIES, AND SENIORS WITHIN OUR 34 CITY AND COUNTY SERVICE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEEDMORE'S FOOD BANK SERVES APPROXIMATELY ONE-THIRD OF THE COMMONWEALTH OF VIRGINIA'S AREA ACROSS 34 CENTRAL VIRGINIA CITIES AND COUNTIES. IN PARTNERSHIP WITH OVER 297 FOOD PANTRIES AND SOUP KITCHENS, WE DISTRIBUTED OVER 34 MILLION POUNDS OF PRODUCE, PROTEIN, AND NON-PERISHABLE FOODS IN FY 2023, OR APPROXIMATELY 93,000 POUNDS EACH DAY. IN ADDITION TO THE FOOD DISTRIBUTION CENTER, THE FOOD BANK'S OTHER CENTRAL PROGRAMS INCLUDE MOBILE PANTRY, WHICH DELIVERS GROCERIES EACH MONTH TO APPROXIMATELY 3,900 HOUSEHOLDS IN 32 LOCATIONS THAT DO NOT HAVE ADEQUATE ACCESS TO A GROCERY STORE; AND CHILDHOOD NUTRITION PROGRAMS KIDS' CAFE (OVER 292,000 MEALS AND SNACKS ARE SERVED ANNUALLY TO 2,000 CHILDREN), BACKPACKS MEALS (ANNUALLY NEARLY 342,000 ARE SENT HOME WITH APPROXIMATELY 3,000 CHILDREN REPRESENTING 64 SCHOOLS), WHICH HELP ENSURE FOOD-INSECURE CHILDREN ARE NOURISHED AT THE END OF THE SCHOOL DAY AND OVER WEEKENDS DURING THE SCHOOL YEAR AND AT COMMUNITY SITES DURING THE SUMMER.
FEEDMORE'S CENTRAL SENIOR NUTRITION PROGRAM, MEALS ON WHEELS, PROVIDES UP TO TWO MEALS EACH DAY TO OVER 3,000 HOMEBOUND SENIORS WHO ARE UNABLE TO COOK FOR THEMSELVES LIVING IN 21 CITIES AND COUNTIES. VOLUNTEERS HELP PREPARE, PACK, AND DELIVER MEALS THAT REFLECT THE MEDICALLY NECESSARY RESTRICTIONS OF 14 THERAPEUTIC DIETS TO INDIVIDUALS LIVING ON ONE OF 97 DIFFERENT DELIVERY ROUTES. MEALS ON WHEELS STAFF AND VOLUNTEERS ALSO PROVIDE A DAILY SAFETY CHECK TO THESE SENIORS HELPING ENSURE THEY ARE ABLE TO CONTINUE TO LIVE INDEPENDENTLY IN A SAFE ENVIRONMENT BRINGING COMFORT AND CONFIDENCE TO BOTH THE CLIENT AND HIS OR HER FAMILY.
THE COMMUNITY KITCHEN IS FEEDMORE'S PRODUCTION QUALITY FACILITY THAT PREPARES THE MEALS AND SNACKS PROVIDED THROUGH FEEDMORE'S CENTRAL HUNGER RELIEF PROGRAMS. EACH DAY, WELL-TRAINED AND CERTIFIED STAFF AND DEDICATED VOLUNTEERS CREATE MEALS THAT ARE NUTRITIOUS, APPEALING, AND REFLECT THE INDIVIDUAL NEEDS OF CLIENTS WHO HAVE SPECIFIC DIETARY NEEDS. FOR MORE DETAIL ON ANY OF THESE GENERALLY OUTLINE PROGRAMS, PLEASE VISIT OUR WEBSITE AT FEEDMORE.ORG OR CONTACT THE FEEDMORE DEVELOPMENT OFFICE AT 804-716-3249.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Beane Director | Trustee | 2 | $0 |
Brian Bortell Director | Trustee | 2 | $0 |
Keith Sheehan Treasurer | OfficerTrustee | 2 | $0 |
Brian S Davis Vice Chair | OfficerTrustee | 2 | $0 |
Tamara Charity-Brown Director | Trustee | 2 | $0 |
Chris Kantner Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $320,986 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,673,914 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,366,306 |
| Noncash contributions included in lines 1a–1f | $64,288,614 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,361,206 |
| Total Program Service Revenue | $6,006,629 |
| Investment income | $651,482 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,169 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,033,143 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $64,314,804 |
| Grants and other assistance to domestic individuals. | $4,015,328 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,478,075 |
| Compensation of current officers, directors, key employees. | $342,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,347,899 |
| Pension plan accruals and contributions | $213,788 |
| Other employee benefits | $877,081 |
| Payroll taxes | $504,465 |
| 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 | $225,070 |
| Advertising and promotion | $216,933 |
| Office expenses | $571,608 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $578,895 |
| Travel | $534,085 |
| 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 | $1,334,061 |
| Insurance | $0 |
| All other expenses | $1,005,358 |
| Total functional expenses | $83,145,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,811,948 |
| Savings and temporary cash investments | $269,546 |
| Pledges and grants receivable | $4,139,809 |
| Accounts receivable, net | $344,913 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,305,942 |
| Prepaid expenses and deferred charges | $242,534 |
| Net Land, buildings, and equipment | $14,607,664 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $22,009,674 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,989 |
| Total assets | $51,756,019 |
| Accounts payable and accrued expenses | $774,223 |
| Grants payable | $0 |
| Deferred revenue | $126,647 |
| 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 | $38,590 |
| Total liabilities | $939,460 |
| Net assets without donor restrictions | $39,522,344 |
| Net assets with donor restrictions | $11,294,215 |
| 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 | $51,756,019 |
Grants Awarded
Over the last fiscal year, Feed More Inc has awarded $64,265,639 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST UNION PANTRY PURPOSE: PURCHASED REACH IN FREEZER FROM FACTORY DIRECT | $6,687 |
MOUNT OLIVE BAPTIST CHURCH PURPOSE: FOODLION GC'S SPENT GREAT PANTRY MAKEOVER | $9,621 |
ST THOMAS EPISCOPAL CHURCH PURPOSE: FUNDS FOR AGENCY CAPACITY GRANT- PURCHASE COMMERCIAL FRIDGER AND FREEZER UNITS | $8,468 |
PROJECT CARE PURPOSE: WAWA CARDS SPENT- AGENCY TOWN HALL RAFFLE | $6,198 |
HENRICO COMMUNITY FOOD BANK PURPOSE: FUNDS FOR GENERAL EXPENSES AND BUILDING | $15,000 |
UNITED NATIONS CHURCH PURPOSE: FACTORY DIRECT- REFRIGERATOR, FREEZER, SHELVING | $14,670 |