Bread Of The Mighty Food Bank Inc
- Assets
- $1.8m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 27
- Location
- Gainesville, FL
- Founding
- 11/1987
- Data as of
- 09/2023
- EIN
- 59-2805577
Organization Overview
Bread Of The Mighty Food Bank Inc is located in Gainesville, FL. The organization was established in 1987. 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 09/2023, Bread Of The Mighty Food Bank Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bread Of The Mighty 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 09/2023, Bread Of The Mighty Food Bank Inc generated $6.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $7.5m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bread Of The Mighty Food Bank Inc has awarded 740 individual grants totaling $26,945,496. 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
A NONPROFIT ORGANIZATION THAT COORDINATES THE ACQUISITION AND DISTRIBUTION OF FOOD AND BASIC ESSENTIALS TO NONPROFIT PROGRAMS THAT PROVIDE FOR THE NEEDY SO THAT HUNGER AND FOOD INSECURITY WOULD BE ELIMINATED AMONG THE CITIZENS OF ALACHUA, GILCHRIST, LEVY & UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOOD BANK DISTRIBUTED 16 MILLION POUNDS OF FOOD, SERVING THE NORTH CENTRAL FLORIDA AREA. WE DO THIS PRIMARILY THROUGH OUR NETWORK OF 125 AGENCIES WHO SERVE ON THE FRONT LINES OF POVERTY IN SOUP KITCHENS, FOOD PANTRIES, FAITH-BASED AND COUMMUNITY FEEDING AND FOOD PROGRAMS.
NET ASSETS OF $1,654,527 WERE CONTRIBUTED TO FNEFL. SEE SCHEDULE N.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roig Guy Board President | Trustee | 1 | $0 |
Mackenzie Joe Board Vice President | Trustee | 1 | $0 |
Comedy Tanya Secretary | Trustee | 1 | $0 |
Jones Tony Board Member | Trustee | 1 | $0 |
Williams Rosa Board Member | Trustee | 1 | $0 |
Binegar Steve Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,026 |
| Related organizations | $0 |
| Government grants | $448,602 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,446,548 |
| Noncash contributions included in lines 1a–1f | $3,954,172 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,920,176 |
| Total Program Service Revenue | $198,905 |
| Investment income | $1,223 |
| 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 | $6,120,304 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,952,584 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $480,303 |
| Pension plan accruals and contributions | $1,499 |
| Other employee benefits | $0 |
| Payroll taxes | $36,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,505 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,542 |
| Fees for services: Other | $1,654,527 |
| Advertising and promotion | $0 |
| Office expenses | $69,429 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,450 |
| Travel | $488 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,856 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,237 |
| Insurance | $65,084 |
| All other expenses | $117 |
| Total functional expenses | $7,499,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $456,071 |
| Savings and temporary cash investments | $1,379,927 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,835,998 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,835,998 |
| Net assets with donor restrictions | $0 |
| 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 | $1,835,998 |
Grants Awarded
Over the last fiscal year, Bread Of The Mighty Food Bank Inc has awarded $5,605,542 in support to 103 organizations.
| Grant Recipient | Amount |
|---|---|
A HELPING HAND PURPOSE: FEED THE HUNGRY | $11,658 |
4 W'S NETWORK INC PURPOSE: FEED THE HUNGRY | $16,343 |
A NEW DAY PURPOSE: FEED THE HUNGRY | $222,022 |
ABUNDANT LIFE FAMILY MINISTRIES PURPOSE: FEED THE HUNGRY | $8,477 |
AL CNTY COALITION (HOMELESS&HUNGRY) 337E PURPOSE: FEED THE HUNGRY | $118,471 |
AR CAMPS MINISTRIES # 485E PURPOSE: FEED THE HUNGRY | $8,109 |