Food Bank Of Central & Eastern North Carolina Inc
- Assets
- $103.2m
- Revenue
- $234.0m
- Investments
- $132.1k
- Employees
- 217
- Location
- Raleigh, NC
- Founding
- 01/1981
- Data as of
- 06/2024
- EIN
- 56-1283426
Organization Overview
Food Bank Of Central & Eastern North Carolina Inc is located in Raleigh, NC. 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 06/2024, Food Bank Of Central & Eastern North Carolina Inc employed 217 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Bank Of Central & Eastern North Carolina 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 06/2024, Food Bank Of Central & Eastern North Carolina Inc generated $234.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $238.6m during the year ending 06/2024. While expenses have increased by 8.4% 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.
Since 2015, Food Bank Of Central & Eastern North Carolina Inc has awarded 4,044 individual grants totaling $1,009,914,428. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED IN 1980, THE FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA IS AMONG THE LARGEST ANTI-HUNGER ORGANIZATIONS IN THE UNITED STATES. WE WORK EVERY DAY TO PROVIDE FOOD TO PEOPLE IN NEED WHILE ADVANCING LONG-TERM SOLUTIONS TO END HUNGER IN OUR COMMUNITIES. THE FOOD BANK AND OUR BRANCH LOCATIONS SERVE AS THE CENTRAL HUB OF A NETWORK OF 700+ PARTNER PROGRAMS THROUGHOUT OUR 34-COUNTY REGION (THROUGH DISTRIBUTION CENTERS IN DURHAM, GREENVILLE, NEW BERN, RALEIGH, THE SANDHILLS (SOUTHERN PINES) AND WILMINGTON) INCLUDING NO-COST FOOD MARKETS, PANTRIES, MEAL SITES, AND A HOST OF INITIATIVES SERVING CHILDREN, ADULTS, AND SENIORS. TOGETHER, WE'RE WORKING TO OVERCOME HUNGER AND CREATE AN ENVIRONMENT WHERE EVERYONE IN NORTH CAROLINA CAN THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAST FISCAL YEAR, THE FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA DISTRIBUTED UPWARDS OF 90 MILLION MEALS WORTH OF FOOD TO APPROXIMATELY 700 PARTNER AGENCIES ACROSS CENTRAL AND EASTERN NC. THIS DISTRIBUTION WOULD NOT HAVE BEEN POSSIBLE WITHOUT OUR DEDICATED AND COMPASSIONATE COMMUNITY OF STAFF, VOLUNTEERS, DONORS, ADVOCATES, AND CORPORATE PARTNERS. FOR MORE THAN 40 YEARS, THIS IS HOW WE'VE HELPED NOURISH THOUSANDS OF OUR NEIGHBORS INCLUDING INDIVIDUALS, FAMILIES, CHILDREN, AND SENIORS.
THE FOOD BANK OF CENTRAL AND EASTERN NORTH CAROLINA'S RETAIL DONATION PROGRAM RESCUED AND DISTRIBUTED MORE FOOD THAN EVER BEFORE, ENSURING LESS FOOD IN OUR LANDFILLS AND MORE MEALS FOR FAMILIES IN NEED. THROUGH THIS PROGRAM, OUR PARTNER AGENCIES PICKED UP APPROXIMATELY 22 MILLION POUNDS OF FOOD FROM LOCAL RETAIL STORES, A RECORD FOR THE ORGANIZATION.
THROUGH OUR YEAR-ROUND OPERATION OF THE FEDERAL NUTRITION PROGRAM FOR SENIORS, THE COMMODITIES SUPPLEMENTAL FOOD PROGRAM, PROVIDED OVER 8,000 BOXES OF FOOD A MONTH IN ALL OF OUR 34 COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie J Miles Chair | OfficerTrustee | 1 | $0 |
Anne Lloyd Chair-Elect | OfficerTrustee | 1 | $0 |
Octavio Soares Past Chair | OfficerTrustee | 1 | $0 |
Tim Tripp Secretary | OfficerTrustee | 1 | $0 |
Monica Barnes Director | Trustee | 1 | $0 |
Greg Bromberger Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wm Jordan Company Inc Construction | 6/29/24 | $2,238,642 |
Rkd Group Fundraising Services | 6/29/24 | $1,907,995 |
Empower Retirement Services Financial | 6/29/24 | $1,188,117 |
Landstar Inway Inc Transportation Services | 6/29/24 | $865,075 |
Ryder Transportation Services Transportation Services | 6/29/24 | $397,369 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $266,164 |
| Related organizations | $0 |
| Government grants | $8,917,730 |
| All other contributions, gifts, grants, and similar amounts not included above | $220,117,025 |
| Noncash contributions included in lines 1a–1f | $196,920,666 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $229,300,919 |
| Total Program Service Revenue | $2,302,220 |
| Investment income | $2,300,455 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $88,064 |
| Net Income from Fundraising Events | -$45,311 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $233,952,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $202,278,598 |
| 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. | $1,061,361 |
| Compensation of current officers, directors, key employees. | $137,976 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,165,050 |
| Pension plan accruals and contributions | $674,864 |
| Other employee benefits | $1,763,118 |
| Payroll taxes | $972,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,742 |
| Fees for services: Accounting | $85,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,072,243 |
| Fees for services: Investment Management | $119,885 |
| Fees for services: Other | $1,289,613 |
| Advertising and promotion | $59,938 |
| Office expenses | $1,105,451 |
| Information technology | $270,652 |
| Royalties | $0 |
| Occupancy | $327,780 |
| Travel | $174,970 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $322,284 |
| Interest | $41,598 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,601,719 |
| Insurance | $344,520 |
| All other expenses | $2,804,465 |
| Total functional expenses | $238,575,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,493,110 |
| Savings and temporary cash investments | $3,275,031 |
| Pledges and grants receivable | $2,189,591 |
| Accounts receivable, net | $409,287 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,770,000 |
| Inventories for sale or use | $4,332,532 |
| Prepaid expenses and deferred charges | $178,388 |
| Net Land, buildings, and equipment | $23,175,797 |
| Investments—publicly traded securities | $57,747,916 |
| Investments—other securities | $132,134 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,459,090 |
| Total assets | $103,162,876 |
| Accounts payable and accrued expenses | $3,491,768 |
| Grants payable | $0 |
| Deferred revenue | $164,111 |
| 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 | $1,265,161 |
| Total liabilities | $4,921,040 |
| Net assets without donor restrictions | $96,933,235 |
| Net assets with donor restrictions | $1,308,601 |
| 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 | $103,162,876 |
Grants Awarded
Over the last fiscal year, Food Bank Of Central & Eastern North Carolina Inc has awarded $187,508,030 in support to 829 organizations.
| Grant Recipient | Amount |
|---|---|
86HUNGER PURPOSE: FIGHT HUNGER | $34,393 |
A TOUCH OF THE FATHER'S LOVE PURPOSE: FIGHT HUNGER | $2,082,708 |
A GIFT OF LOVE PURPOSE: FIGHT HUNGER | $228,988 |
ABUNDANT LIFE INTERNATIONAL PURPOSE: FIGHT HUNGER | $391,651 |
ABUNDANT LIFE MINISTRIES PURPOSE: FIGHT HUNGER | $280,423 |
ACTS OF VANCE COUNTY PURPOSE: FIGHT HUNGER | $73,879 |