Food Bank Of The Albemarle is located in Elizabeth City, NC. The organization was established in 1985. 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 The Albemarle employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Bank Of The Albemarle 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 The Albemarle generated $17.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $17.1m during the year ending 06/2022. While expenses have increased by 9.3% 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
TO FIGHT HUNGER AND POVERTY IN NORTHEASTERN NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE INCEPTION IN 1982, THE FOOD BANK OF THE ALBEMARLE HAS DISTRIBUTED MORE THAN 107 MILLION POUNDS OF FOOD. THE FOOD BANK OF THE ALBEMARLE SERVES AS THE CENERAL FOOD SOURCING AND DISTRIBUTION CENTER TO MORE THAN 95 HUNGER RELIEF PARTNERS OPERATING 138 PROGRAMS PROVIDING FOOD ASSISTANCE BENEFIT TO THE HUNGRY IN 15 COUNTIES THROUGHOUT NORTHEASTERN NORTH CAROLINA. OUR REGION EMCOMPASSES MORE THAN 9,100 SQUARE MILES WITH MOST OF OUR COMMUNITIES IN RURAL UNDERSERVED LOCATIONS WITH HIGH FOOD INSECURITY. THEREFORE TO ENSURE THAT THOSE IN NEED RECEIVE FOOD, WE DELIVER TO THE MOST REMOTE LOCATIONS EVERY MONTH. THE COUNTIES THE FOOD BANK OF TH EALBEMARLE SERVES ARE: BERITE, BEAUFORT, CAMDEN, CHOWAN, CURRITUCK, DARE, GATES, HERTFORD, HYDE, MARTIN, NORTHAMPTON, PASQUOTANK, PERQUIMANS, TYRRELL AND WASHINGTON COUNTY. THESE DIVERSE COMMUNITIES ALSO HAVE DIVERSE NEEDS. THE COMMON ISSUE IS LACK OF AFFORDABLE HOUSING, LACK OF PUBLIC TRANSPORTATION AND STAGNANT WAGE GROWTH ARE PERVASIVE, RESULTING IN A GROWING NEED FOR FOOD FOR OVER 48,000 PEOPLE LIVING THROUGHOUT OUR REGION. IN NENC, 1 IN 6 PEOPLE AND 1 IN 4 CHILDREN LIVE WITH FOOD INSECURITY. FOOD DISTRIBUTION: IN RESPONSE TO A STAGGERING INCREASE IN THE NEED FOR EMERGENCY FOOD ASSISTANCE DUE TO THE COVID PANDEMIC, IN FY 21/22, FOOD BANK OF THE ALBEMARLE HAD A RECORD BREAKING YEAR DISTRIBUTING 5,043,878 POUNDS OF DONATED FOOD EQUIVILENT TO 4.2 MILLION MEALS VALUED AT 1.92 PER POUND EQUAL TO 9,684,246. THE VALUE IS DETERMINED ANNUALLY BY FEEDING AMERICA, THE NATIONAL NETWORK OF FOOD BANKS. THIS UNPRESIDENTED YEAR MARKED ALL TIME HIGHS IN FOOD DISTRIBUTION EFFORTS. WITH GROWING NUMBERS OF HOUSEHOLDS TURNING TO FOOD BANK OF THE ALBEMARLE AND OUR HUNGER RELIEF PARTNERS, FOOD BANK OF THE ALBEMARLE WORKED TO STRETCH EVERY AVAILABLE RESOURCE TO SOURCE MORE FOOD, AND EXPAND ACCESS FOR FAMILIES LIVING IN RURAL AREAS WHERE LITTLE OR NO ACCESS TO EMERGENCY FOOD SUPPORT. FOOD BANK OF THE ALBEMARLE RECOGNIZES THAT NUTRITIOUS FOOD IS ESSENTIAL TO THE OVERALL HEALTH AND WELL BEING AND WORKS DILIGENTLY TO SOURCE NUTRITIONALLY DENSE FOOD THAT CAN BE DISTRIBUTED TO OUR HUNGER RELIEF PARTNERS. WE ARE FOCUSED ON PROVIDING FRESH FRUITS AND VEGETABLES, LEAN PROTEINS AND WHOLE GRAINS. FOOD BANK OF THE ALBEMARLE PARTNERS WITH OVER 95 HUNGER RELIEF PARTNERS TO DISTRIBUTE FOOD, INCLUDING FOOD PANTRIES, SHELTERS, COMMUNITY PROGRAMS, MOBILE DISTRIBUTIONS, CHURCH MINISTRIES OFFERING EMERGENCY FOOD ASSISTANCE FOR NENC RESIDENTS STRUGGLING WITH FOOD INSECURITY - INCLUDING CHILDREN, FAMILIES, SENIORS, VETERANS, DISABLED PERSONS AND WORKING POOR.
ALL OTHER ACCOMPLISHMENTS THE REMAINING ALLOCATION AND PROGRAM SERVICE EXPENSES WERE INCURRED TO DISTRIBUTE DONATED AND PURCHASED FOOD AND SUPPORT THE OPERATIONS OF THE FOOD BANK AND FOOD PANTRY.
USDA COMMODITY PROGRAM, THE EMERGENCY FOOD ASSISTANCE PROGRAM (TEFAP), ADMINISTERED BY THE FOOD BANK DISTRIBUTED 1,396,602 POUNDS OF TEFAP FOOD TO MORE THAN 5,000 HOUSEHOLDS EACH MONTH IN 14 COUNTIES IN NORTHEASTERN NORTH CAROLINA COMPRISED OF BERTIE, BEAUFORT, CAMDEN, CHOWAN, CURRITUCK, DARE, GATES, HERTFORD, HYDE, MARTIN, PASQUOTANK, PERQUIMANS, AND TYRRELL COUNTIES. THE USDA COMMODITY PROGRAM - COMMODITY SUPPLEMENTAL FOOD PROGRAM (CSFP) ADMINISTERED BY THE FOOD BANK DISTRIBUTED 940,431 POUNDS OF CSFP FOOD TO AN AVERAGE OF 2,700 SENIOR HOUSEHOLDS IN 14 COUNTIES IN NORTHEAST NORTH CAROLINA COMPRISED OF BERTIE, BEAUFORT, CAMDEN, CHOWAN, CURRITUCK, GATES, HERTFORD, MARTIN, NORTHHAMPTON, PASQUOTANK, PERQUIMANS, TYRRELL AND WASHINGTON.
THE FOOD BANK OF THE ALBEMARLE PURCHASED 765,308 POUNDS OF NUTRITIOUS FOOD, EQUIVALENT TO 637,757 MEALS FOR FAMILIES, SENIORS, AND VETERANS THAT DEPEND ON THE 155 HUNGER RELIEF PROGRAMS PROVIDING FOOD ASSISTANCE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Elizabeth Reasoner Executive Di | OfficerTrustee | 55 | $83,384 |
Galen Niederhauser President | OfficerTrustee | 1 | $0 |
Kayla Hall Vice Preside | OfficerTrustee | 1 | $0 |
Wanda Carter Secretary | OfficerTrustee | 1 | $0 |
Will Meiggs Treasurer | OfficerTrustee | 1 | $0 |
Debra Perkins Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $5,791,289 |
All other contributions, gifts, grants, and similar amounts not included above | $10,960,559 |
Noncash contributions included in lines 1a–1f | $11,860,123 |
Total Revenue from Contributions, Gifts, Grants & Similar | $16,751,848 |
Total Program Service Revenue | $489,729 |
Investment income | -$255,995 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $16,985,582 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $11,871 |
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. | $83,384 |
Compensation of current officers, directors, key employees. | $83,384 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,234,735 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $206,516 |
Payroll taxes | $107,341 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $87,469 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $82,349 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $24,857 |
Advertising and promotion | $9,338 |
Office expenses | $70,330 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $100,302 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $16,144 |
Interest | $415 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $184,284 |
Insurance | $58,779 |
All other expenses | $667,699 |
Total functional expenses | $17,140,220 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,560,252 |
Savings and temporary cash investments | $76,420 |
Pledges and grants receivable | $108,466 |
Accounts receivable, net | $52,076 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $708,294 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $3,316,681 |
Investments—publicly traded securities | $1,706,611 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $507 |
Other assets | $2,750 |
Total assets | $8,532,057 |
Accounts payable and accrued expenses | $279,406 |
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 | $29,134 |
Total liabilities | $308,540 |
Net assets without donor restrictions | $8,032,469 |
Net assets with donor restrictions | $191,048 |
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 | $8,532,057 |
Over the last fiscal year, Food Bank Of The Albemarle has awarded $175,094 in support to 9 organizations.
Grant Recipient | Amount |
---|---|
FIRST BAPTIST CHURCH | | | $15,180 |
BEACH FOOD PANTRY | | | $15,180 |
GOOD SHEPHERD | | | $15,180 |
KINGDOM APOSTOLIC | | | $15,180 |
LOWER CURRITUCK | | | $15,180 |
OPEN DOOR PERQUIMANS PURPOSE: PURCHASE EQUIPMENT | $9,750 |