Lowcountry Food Bank Inc
- Assets
- $33.7m
- Revenue
- $87.5m
- Investments
- $0.0
- Employees
- 102
- Location
- Charleston, SC
- Founding
- 07/1984
- Data as of
- 12/2023
- EIN
- 57-0751835
Organization Overview
Lowcountry Food Bank Inc is located in Charleston, SC. The organization was established in 1984. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Lowcountry Food Bank Inc employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lowcountry Food Bank 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 12/2023, Lowcountry Food Bank Inc generated $87.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $84.8m during the year ending 12/2023. While expenses have increased by 6.9% 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.
Since 2016, Lowcountry Food Bank Inc has awarded 2,506 individual grants totaling $454,392,191. 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
TO UNITE OUR COMMUNITY IN PURSUIT OF EQUITABLE, DIGNIFIED AND CONSISTENT ACCESS TO FOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD DISTRIBUTION: THE LOWCOUNTRY FOOD BANK'S (LCFB) MISSION IS TO LEAD THE FIGHT AGAINST HUNGER IN OUR COMMUNITY. SINCE 1983, WE HAVE BEEN THE PREMIER HUNGER-RELIEF ORGANIZATION IN THE 10 COASTAL COUNTIES OF SOUTH CAROLINA (BEAUFORT, BERKELEY, CHARLESTON, COLLETON, DORCHESTER, GEORGETOWN, HAMPTON, HORRY, JASPER AND WILLIAMSBURG). IN 2023, THE LCFB DISTRIBUTED, IN PARTNERSHIP WITH APPROXIMATELY 230 PARTNERS, OVER 42.8 MILLION POUNDS, INCLUDING OVER 18 MILLION POUNDS OF FRESH PRODUCE TO OVER 200,000 FOOD-INSECURE CHILDREN, SENIORS AND FAMILIES ACROSS COASTAL SOUTH CAROLINA. THE COMMODITY SUPPLEMENTAL FOOD PROGRAM (CSFP) SERVED APPROXIMATELY 3,000 SENIORS MONTHLY.
CHILD AND SENIOR HUNGER-RELIEF PROGRAMS: LOWCOUNTRY FOOD BANK REACHES CHILDREN AND SENIORS THROUGH MULTIPLE PROGRAMS. THROUGH OUR BACKPACK BUDDIES PROGRAM, WE REACHED OVER 3,000 CHILDREN A WEEK DURING THE SCHOOL YEAR, DISTRIBUTING MORE THAN 105,000 BACKPACK BUDDIES BAGS. WE PARTNERED WITH 38 SCHOOLS TO REACH STUDENTS AND THEIR FAMILIES THROUGH EITHER PRE-PACKED BOXES OR AN ONSITE MARKET, DISTRIBUTING OVER 106,000 POUNDS OF FOOD. THROUGH OUR KIDS CAFE PROGRAM, WE WORK WITH AFTERSCHOOL PROGRAM PARTNERS TO PROVIDE SUPPER MEALS AND/OR SNACKS TO OVER 900 CHILDREN DAILY AT 25 SITES. DURING THE SUMMER MONTHS, WE WORKED WITH SUMMER CAMPS TO DISTRIBUTE OVER 20,000 MEALS TO 18 SITES. OUR FRESH FOR KIDS PROGRAM INCLUDED 72 POP-UP PRODUCE EVENTS, DISTRIBUTING MORE THAN 79,000 POUNDS OF FRESH PRODUCE TO STUDENTS AND THEIR FAMILIES. THE SENIORS AND VETERANS IN OUR COMMUNITY CONTINUED TO BE FED THROUGH OUR PARTNERSHIPS WITH MEALS ON WHEELS AND OTHER ORGANIZATIONS REACHING SENIORS AND OTHER HOMEBOUND ADULTS; MORE THAN 141,000 PREPARED MEALS WERE DELIVERED TO SENIORS AND 4,600 MEALS TO OUR VETERANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Treasurer | OfficerTrustee | 5 | $0 |
Name Not Listed Secretary | OfficerTrustee | 5 | $0 |
Name Not Listed Chair | OfficerTrustee | 5 | $0 |
Name Not Listed Member | Trustee | 1 | $0 |
Name Not Listed Vice-Chair | Trustee | 1 | $0 |
Name Not Listed Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $36,319 |
| Membership dues | $0 |
| Fundraising events | $552,081 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,780,152 |
| Noncash contributions included in lines 1a–1f | $68,420,042 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,368,552 |
| Total Program Service Revenue | $3,918,509 |
| Investment income | $368,676 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $191,643 |
| Net Gain/Loss on Asset Sales | $68,311 |
| Net Income from Fundraising Events | -$31,989 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $87,492,089 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $74,634,528 |
| 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. | $817,485 |
| Compensation of current officers, directors, key employees. | $386,383 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,953,306 |
| Pension plan accruals and contributions | $186,356 |
| Other employee benefits | $421,743 |
| Payroll taxes | $333,944 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,340 |
| Fees for services: Accounting | $85,699 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $414,482 |
| Fees for services: Investment Management | $4,865 |
| Fees for services: Other | $209,792 |
| Advertising and promotion | $47,983 |
| Office expenses | $49,121 |
| Information technology | $216,658 |
| Royalties | $0 |
| Occupancy | $473,021 |
| Travel | $72,938 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,169 |
| Interest | $8,510 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $924,245 |
| Insurance | $543,258 |
| All other expenses | $0 |
| Total functional expenses | $84,752,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,209,100 |
| Savings and temporary cash investments | $9,208,913 |
| Pledges and grants receivable | $4,292,420 |
| Accounts receivable, net | $247,156 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,246,387 |
| Prepaid expenses and deferred charges | $78,343 |
| Net Land, buildings, and equipment | $7,093,774 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $300,944 |
| Total assets | $33,677,037 |
| Accounts payable and accrued expenses | $1,824,784 |
| Grants payable | $0 |
| Deferred revenue | $63,723 |
| 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 | $652,795 |
| Total liabilities | $2,541,302 |
| Net assets without donor restrictions | $29,768,542 |
| Net assets with donor restrictions | $1,367,193 |
| 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 | $33,677,037 |
Grants Awarded
Over the last fiscal year, Lowcountry Food Bank Inc has awarded $56,166,923 in support to 268 organizations.
| Grant Recipient | Amount |
|---|---|
ALLEN AME CHURCH (EDISTO) PURPOSE: Distribution of food and grocery products | $276,537 |
ANSONBOROUGH HOUSE PURPOSE: Distribution of food and grocery products | $14,235 |
PARK CIRCLE CARES PURPOSE: Distribution of food and grocery products | $194,376 |
HOLY CITY MISSIONS AT ALDERSGATE METHODIST CHURCH PURPOSE: Distribution of food and grocery products | $170,772 |
ACTIVATE CHURCH PURPOSE: Distribution of food and grocery products | $29,508 |
BETHEL AME CHURCH (RIDGEVILLE) PURPOSE: Distribution of food and grocery products | $126,720 |