Food Bank Of North Alabama
- Assets
- $19.7m
- Revenue
- $29.7m
- Investments
- $0.0
- Employees
- 48
- Location
- Huntsville, AL
- Founding
- 01/1985
- Data as of
- 09/2023
- EIN
- 63-0884372
Organization Overview
Food Bank Of North Alabama is located in Huntsville, AL. 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 09/2023, Food Bank Of North Alabama employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Bank Of North Alabama 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, Food Bank Of North Alabama generated $29.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $29.1m during the year ending 09/2023. While expenses have increased by 9.0% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COLLECT WAREHOUSE & DISTRIBUTE FOOD TO NEEDY ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECT, WAREHOUSE, DISTRIBUTE EDIBLE FOOD TO NEEDY ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley Schofield Executive Director | Trustee | 40 | $102,739 |
Joe Clark Chairman | OfficerTrustee | 4 | $0 |
Will Scott Vice Chairman | OfficerTrustee | 4 | $0 |
Nick Stavely Secretary | OfficerTrustee | 4 | $0 |
Markeisha Layne Treasurer | OfficerTrustee | 4 | $0 |
Aaron Cardonna Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,007,081 |
| Noncash contributions included in lines 1a–1f | $19,224,412 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,007,081 |
| Total Program Service Revenue | $6,482,314 |
| Investment income | $210,197 |
| 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 | $29,699,592 |
| 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. | $102,739 |
| Compensation of current officers, directors, key employees. | $10,274 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,325,543 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $274,865 |
| Payroll taxes | $107,024 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $25,265 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,249 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $229,823 |
| Insurance | $0 |
| All other expenses | $1,768,354 |
| Total functional expenses | $29,121,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,064,239 |
| Savings and temporary cash investments | $2,080,150 |
| Pledges and grants receivable | $415,709 |
| Accounts receivable, net | $153,797 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,645,413 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,265,074 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $98,046 |
| Total assets | $19,722,428 |
| Accounts payable and accrued expenses | $1,856,042 |
| 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 | $2,285,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,860 |
| Total liabilities | $4,170,402 |
| Net assets without donor restrictions | $15,486,108 |
| Net assets with donor restrictions | $65,918 |
| 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 | $19,722,428 |