Chattanooga Area Food Bank Inc
- Assets
- $13.0m
- Revenue
- $40.5m
- Investments
- $0.0
- Employees
- 54
- Location
- Chattanooga, TN
- Founding
- 02/1973
- Data as of
- 06/2021
- EIN
- 62-0867645
Organization Overview
Chattanooga Area Food Bank Inc is located in Chattanooga, TN. The organization was established in 1973. 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 06/2021, Chattanooga Area Food Bank Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chattanooga Area 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 06/2021, Chattanooga Area Food Bank Inc generated $40.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $35.8m during the year ending 06/2021. While expenses have increased by 3.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO LEAD A NETWORK OF PARTNERS IN ELIMINATING HUNGER AND PROMOTING BETTER NUTRITION IN OUR REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE CONSISTS OF FOOD DISTRIBUTION TO ELIMINATE HUNGER AND PROMOTE BETTER NUTRITION. VARIOUS ACTIVITIES WITHIN THE PROGRAM INCLUDE LEADING A MORE THAN 300 MEMBER NETWORK OF PARTNER AGENCIES, PROVIDING SUPPLEMENTAL FOOD TO CHILDREN AND SENIORS AT RISK, AND PROVIDING EMERGENCY FOOD TO INDIVIDUALS AND FAMILIES EXPERIENCING FINANCIAL HARDSHIP.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mccorkle Chief Financial Officer | Officer | 40 | $83,463 |
Melissa Blevins President And CEO | Officer | 40 | $30,744 |
Jennifer Cookston Secretary | OfficerTrustee | 2 | $0 |
Frank Hughes First Vice Chairman | OfficerTrustee | 2 | $0 |
Phil Harris Treasurer | OfficerTrustee | 2 | $0 |
Celeste Bandy Weaver Second Vice Chairman | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $9,326 |
| Membership dues | $0 |
| Fundraising events | $1,838,199 |
| Related organizations | $0 |
| Government grants | $6,419,335 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,555,952 |
| Noncash contributions included in lines 1a–1f | $29,843,841 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,822,812 |
| Total Program Service Revenue | $2,160,555 |
| Investment income | $2,495 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$843 |
| Net Income from Fundraising Events | $488,314 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,483,306 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $172,534 |
| Compensation of current officers, directors, key employees. | $17,253 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,997,676 |
| Pension plan accruals and contributions | $24,011 |
| Other employee benefits | $197,130 |
| Payroll taxes | $135,706 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $262,669 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,807 |
| Advertising and promotion | $9,424 |
| Office expenses | $74,060 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $132,702 |
| Travel | $5,879 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,509 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $353,193 |
| Insurance | $89,719 |
| All other expenses | $135,856 |
| Total functional expenses | $35,752,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,135 |
| Savings and temporary cash investments | $6,066,360 |
| Pledges and grants receivable | $601,258 |
| Accounts receivable, net | $101,628 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,568,656 |
| Prepaid expenses and deferred charges | $81,592 |
| Net Land, buildings, and equipment | $3,447,549 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,005,178 |
| Accounts payable and accrued expenses | $242,436 |
| 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 | $242,436 |
| Net assets without donor restrictions | $10,222,345 |
| Net assets with donor restrictions | $2,540,397 |
| 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 | $13,005,178 |
Grants Awarded
Over the last fiscal year, Chattanooga Area Food Bank Inc has awarded $17,350 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Trion, GA PURPOSE: TO PURCHASE CAPITAL ITEMS AND EXPAND PROGRAMS. | $10,350 |
JOYFULL SOUND PURPOSE: TO PURCHASE EQUIPMENT. | $3,500 |
VALLEY VIEW STORE HOUSE PURPOSE: TO PURCHASE EQUIPMENT. | $3,500 |
Grants Recieved
Over the last fiscal year, we have identified 56 grants that Chattanooga Area Food Bank Inc has recieved totaling $1,915,676.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $918,674 |
Tennessee Health Foundation Inc Chattanooga, TN PURPOSE: COVID-19 RELIEF FUNDING | $250,000 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: PRODUCE EMPOWERMENT PROGRAM | $100,000 |
Community Foundation Of Northwest Georgia Inc Dalton, GA PURPOSE: WAREHOUSE AND CIVIC AND HUMAN SERVICES | $82,245 |
Mckenzie Foundation Chattanooga, TN PURPOSE: OPERATING FUNDS | $60,000 |
Steve and Lisa Frost Family Foundation Signal Mountain, TN PURPOSE: OPERATIONS | $50,000 |
Endowment Analysis
| Beg. Balance | $1,401,750 |
| Net Contributions | $3,623,185 |
| Other Expense | $2,484,538 |
| Ending Balance | $2,540,397 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Louis Area Food Bank Inc Bridgeton, MO | $42,018,188 | $114,234,438 |
Mid-South Food Bank Memphis, TN | $44,109,838 | $120,096,219 |
Feed More Inc Richmond, VA | $45,221,610 | $83,224,269 |
Second Harvest Food Bank Of Northwest North Carolina Inc Winston Salem, NC | $40,643,437 | $84,978,237 |
Gods Pantry Food Bank Inc Lexington, KY | $29,295,834 | $63,304,764 |
Mississippi Food Network Inc Jackson, MS | $23,144,263 | $77,392,396 |
Montgomery Area Food Bank Inc Montgomery, AL | $21,621,044 | $72,895,777 |
Blue Ridge Area Food Bank Inc Verona, VA | $30,715,187 | $59,706,112 |
The Food Bank For Central & Northeast Missouri Inc Columbia, MO | $22,373,866 | $57,336,993 |
Feeding The Gulf Coast Theodore, AL | $30,651,678 | $51,935,641 |
Dare To Care Inc Louisville, KY | $30,243,323 | $45,399,567 |
Feeding America Southwest Virginia Salem, VA | $17,067,057 | $39,793,171 |