Heart Of Alabama Food Bank
- Assets
- $22.1m
- Revenue
- $34.0m
- Investments
- $0.0
- Employees
- 63
- Location
- Montgomery, AL
- Founding
- 08/1987
- Data as of
- 06/2023
- EIN
- 63-0931846
Organization Overview
Heart Of Alabama Food Bank is located in Montgomery, AL. 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 06/2023, Heart Of Alabama Food Bank employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heart Of Alabama Food Bank 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 06/2023, Heart Of Alabama Food Bank generated $34.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $34.1m during the year ending 06/2023. While expenses have increased by 0.8% per year over the past 8 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
THE FOOD BANK OPERATES AS A CLEARING HOUSE FOR THE COLLECTION, SORTING, STORING AND DISTRIBUTION OF EDIBLE FOOD TO QUALIFIED AGENCIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STRUCTURE OF OUR ORGANIZATION PROVIDES INCREASED OPPORTUNITY FOR SUCCESS TO THE LOCAL COMMUNITY AGENCIES WE SUPPORT BY COLLECTING, SORTING,(BOTH DRY/STAPLE AND COLD/FROZEN) AND DISTRIBUTING FOOD. ALONG WITH FOUR SMALLER AFFILIATED FOOD BANKS (AFBS) UNDER OUR SUPERVISION, WE HAVE A SERVICE AREA REACHING TO 35 OF ALABAMA'S 67 COUNTIES (WITH A POPULATION OF APPROXIMATELY 330,000) AND MORE THAN 800 COMMUNITY AGENCIES. OUR MISSION IS TO PROVIDE FOOD TO THE CHILDREN, ELDERLY, NEWLY UNEMPLOYED, WORKING POOR, HOMELESS, MENTALLY CHALLENGED, AND VICTIMS OF DOMESTIC VIOLENCE AND DISASTERS. DURING OUR LAST FISCAL YEAR, WE DISTRIBUTED MORE THAN 26 MILLION POUNDS OF VITAL NUTRITION TO THOSE IN NEED.
WITHIN OUR SERVICE AREA, 21% OF THE POPULATION ARE FOOD INSECURE. OF THAT TOTAL, 24% OF ADULTS AND 35% OF CHILDREN ARE LIVING IN POVERTY. ONE OF OUR MOST EFFECTIVE STRATEGIES IN COMBATING THIS PERVASIVE PROBLEM IS OUR MOBILE PANTRY PROGRAM. THIS PROGRAM IS DESIGNED TO GO TO WHERE THE NEEDIEST ARE, AND DISTRIBUTE FOOD DIRECTLY THROUGH OUR PARTNER AGENCIES. THIS PROGRAM ALLOWS US TO TARGET REMOTE COMMUNITIES IN ALABAMA'S "BLACK BELT" AREA (CHRONICALLY AMONG THE MOST POVERTY-STRICKEN REGIONS IN THE NATION) AS WELL AS METROPOLITAN AREAS. IN FY23 WE DISTRIBUTED 4,215,366 POUNDS OF FOOD THROUGH THIS OUTREACH EFFORT.
APPROXIMATELY 23% OF SENIORS (60 YEARS & OLDER) IN OUR SERVICE AREA ARE LIVING IN POVERTY. IN OUR MOST IMPOVERISHED COUNTY, THAT PERCENTAGE JUMPS TO OVER 36%. IN ORDER TO HELP OFFSET THE NEEDS OF OUR SENIORS, WE ESTABLISEHD A SENIOR SUPPLEMENT PROGRAM THAT, IN FY23, PROVIDED BETWEEN 35-45 POUNDS OF NUTRITIOUS FOOD ON A MONTHLY BASIS TO 800 SENIORS. WE ALSO PROVIDE TWO EXTRA BOXES IN NOVEMBER AND DECEMBER SPECIFICALLY TARGETING THE PREPARATION OF HOLIDAY MEALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Stevenson Member | Trustee | 0 | $0 |
Bobby Brown Ex-Officio | Trustee | 0 | $0 |
Daniel Morris Member | Trustee | 0 | $0 |
Dean Peevy Secretary | OfficerTrustee | 0 | $0 |
Doug Singleton Member | Trustee | 0 | $0 |
John H Lucas Jr Treasurer | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rkd Alpha Dog Professional Fundraising | 6/29/18 | $113,060 |
Russ Reid Company Professional Fundraising | 6/29/18 | $113,061 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,259,262 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,590,120 |
| Noncash contributions included in lines 1a–1f | $27,231,308 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,849,382 |
| Total Program Service Revenue | $936,972 |
| Investment income | $213,151 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,832 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,991,815 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $26,779,375 |
| 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 | $2,192,701 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $313,000 |
| Payroll taxes | $180,318 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $280,476 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $189,326 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $261,427 |
| Office expenses | $235,451 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $293,998 |
| Travel | $222,646 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,206 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $348,206 |
| Insurance | $76,961 |
| All other expenses | $193,644 |
| Total functional expenses | $34,071,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,567,813 |
| Savings and temporary cash investments | $10,125,552 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $130,872 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,978,587 |
| Prepaid expenses and deferred charges | $6,000 |
| Net Land, buildings, and equipment | $6,239,427 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,745 |
| Total assets | $22,101,996 |
| Accounts payable and accrued expenses | $242,631 |
| Grants payable | $0 |
| Deferred revenue | $1,661,471 |
| 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 | $114,514 |
| Total liabilities | $2,018,616 |
| Net assets without donor restrictions | $19,990,415 |
| Net assets with donor restrictions | $92,965 |
| 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 | $22,101,996 |