Food Bank Of North Alabama
- Assets
- $10.2m
- Revenue
- $27.6m
- Investments
- $0.0
- Employees
- 28
- Location
- Huntsville, AL
- Founding
- 01/1985
- Data as of
- 09/2020
- 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 09/2020, Food Bank Of North Alabama employed 28 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 09/2020, Food Bank Of North Alabama generated $27.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $23.7m during the year ending 09/2020. While expenses have increased by 12.4% 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
2020
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 Direcctor | Officer | 40 | $96,847 |
Aaron Caradona President | OfficerTrustee | 4 | $0 |
Joe Clark Jr Treasurer | OfficerTrustee | 4 | $0 |
Steve Determan Secretary | OfficerTrustee | 4 | $0 |
Daniel Kaufmann Vice President | OfficerTrustee | 4 | $0 |
Andrea Gallagher Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,200,055 |
| Investment income | $58,471 |
| 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 | $27,553,335 |
| Statement of Expenses | |
|---|---|
| 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. | $96,847 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $808,435 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $75,189 |
| Payroll taxes | $69,734 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,500 |
| 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 | $3,890 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,172 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $23,736,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,882 |
| Savings and temporary cash investments | $8,322,587 |
| Pledges and grants receivable | $116,303 |
| Accounts receivable, net | $137,558 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $530,736 |
| Prepaid expenses and deferred charges | $76,718 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,177,095 |
| Accounts payable and accrued expenses | $143,664 |
| 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 | $143,664 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $10,033,431 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Food Bank Of North Alabama has recieved totaling $21,160.
| Awarding Organization | Amount |
|---|---|
The Society Of Saint Andrew Inc Big Island, VA PURPOSE: TO PROVIDE NOURISHMENT TO HUNGRY NEIGHBORS | $20,506 |
Foundation 1781 Huntsville, AL PURPOSE: FOOD DONATION | $654 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Community Food Bank Of Central Alabama Birmingham, AL | $19,652,655 | $33,855,843 |
Second Harvest Food Bank Of Northeast Tennessee Inc Kingsport, TN | $15,480,531 | $35,274,720 |
Americas Second Harvest Of The Big Bend Inc Tallahassee, FL | $12,388,612 | $30,655,401 |
Food Bank Of North Alabama Huntsville, AL | $10,177,095 | $27,553,335 |
Middle Georgia Community Food Bank Inc Macon, GA | $8,547,725 | $23,736,879 |