Feeding The Gulf Coast
- Assets
- $30.7m
- Revenue
- $51.9m
- Investments
- $0.0
- Employees
- 119
- Location
- Theodore, AL
- Founding
- 03/1982
- Data as of
- 12/2021
- EIN
- 63-0821997
Organization Overview
Feeding The Gulf Coast is located in Theodore, AL. The organization was established in 1982. 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 12/2021, Feeding The Gulf Coast employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Feeding The Gulf Coast 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 12/2021, Feeding The Gulf Coast generated $51.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $47.6m during the year ending 12/2021. While expenses have increased by 5.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A TAX-EXEMPT FOOD DISTRIBUTION CENTER COMMITTED TO PROVIDING NUTRITIONALLY BALANCED FOOD FOR HUNGRY PEOPLE IN 24 COUNTIES IN ALABAMA, FLORIDA AND MISSISSIPPI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEEDING THE GULF COAST PROVIDES EMERGENCY FOOD ASSISTANCE TO 24 COUNTIES IN ALABAMA, FLORIDA AND MISSISSIPPI BY DISTRIBUTING FOOD THROUGH A NETWORK OF MORE THAN 600 FOOD PANTRIES, SOUP KITCHENS, SHELTERS AND PROGRAMS. THE FOOD DISTRIBUTED IS DONATED, PURCHASED OR RECEIVED FROM FEDERAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Ledger President CEO | Officer | 40 | $115,000 |
Brad Hicks Past Chair | OfficerTrustee | 5 | $0 |
Doug Whitmore Chair | OfficerTrustee | 5 | $0 |
Chad Brown At Large | OfficerTrustee | 2 | $0 |
Derrick Williams Secretary | OfficerTrustee | 5 | $0 |
Michael Holland Vice Chair And Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $20,169 |
| Membership dues | $0 |
| Fundraising events | $70,099 |
| Related organizations | $0 |
| Government grants | $16,254,861 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,358,018 |
| Noncash contributions included in lines 1a–1f | $37,228,155 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,703,147 |
| Total Program Service Revenue | $3,083,757 |
| Investment income | $65,058 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,000 |
| Net Income from Fundraising Events | $1,033 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,935,641 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,569,789 |
| 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. | $115,492 |
| Compensation of current officers, directors, key employees. | $115,492 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,800,105 |
| Pension plan accruals and contributions | $57,971 |
| Other employee benefits | $343,158 |
| Payroll taxes | $219,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $400 |
| Fees for services: Accounting | $49,421 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $259,082 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,466 |
| Advertising and promotion | $186,849 |
| Office expenses | $222,933 |
| Information technology | $121,997 |
| Royalties | $0 |
| Occupancy | $374,179 |
| Travel | $66 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,299 |
| Interest | $4,534 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $420,055 |
| Insurance | $282,860 |
| All other expenses | $325 |
| Total functional expenses | $47,590,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,223,505 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $627,994 |
| Accounts receivable, net | $43,585 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,866,134 |
| Prepaid expenses and deferred charges | $106,813 |
| Net Land, buildings, and equipment | $5,782,815 |
| Investments—publicly traded securities | $12,000,832 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,651,678 |
| Accounts payable and accrued expenses | $336,161 |
| Grants payable | $107,072 |
| 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 | $443,233 |
| Net assets without donor restrictions | $27,810,977 |
| Net assets with donor restrictions | $2,397,468 |
| 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 | $30,651,678 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Feeding The Gulf Coast has recieved totaling $25,492.
| Awarding Organization | Amount |
|---|---|
The Society Of Saint Andrew Inc Big Island, VA PURPOSE: TO PROVIDE NOURISHMENT TO HUNGRY NEIGHBORS | $12,960 |
The Society Of Saint Andrew Inc Big Island, VA PURPOSE: TO PROVIDE NOURISHMENT TO HUNGRY NEIGHBORS | $12,532 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-South Food Bank Memphis, TN | $44,109,838 | $120,096,219 |
Harry Chapin Food Bank Of Southwest Florida Inc Fort Myers, FL | $18,984,234 | $69,611,824 |
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 |
Regional Food Bank Of Northeast Florida Inc Jacksonville, FL | $13,173,202 | $61,079,810 |
Feeding The Gulf Coast Theodore, AL | $30,651,678 | $51,935,641 |
Second Harvest Food Bank Of East Tennessee Maryville, TN | $28,785,775 | $40,115,958 |
Treasure Coast Food Bank Incorporated Fort Pierce, FL | $14,946,349 | $36,277,666 |
All Faiths Food Bank Inc Sarasota, FL | $32,200,076 | $40,886,490 |
Chattanooga Area Food Bank Inc Chattanooga, TN | $13,005,178 | $40,483,306 |
Second Harvest Of South Georgia Inc Valdosta, GA | $19,828,071 | $36,132,665 |
Golden Harvest Food Bank Inc Augusta, GA | $21,730,028 | $42,603,313 |