All Faiths Food Bank Inc
- Assets
- $34.7m
- Revenue
- $47.6m
- Investments
- $0.0
- Employees
- 82
- Location
- Sarasota, FL
- Founding
- 09/1989
- Data as of
- 12/2022
- EIN
- 65-0115814
Organization Overview
All Faiths Food Bank Inc is located in Sarasota, FL. The organization was established in 1989. 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 12/2022, All Faiths Food Bank Inc employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. All Faiths 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 12/2022, All Faiths Food Bank Inc generated $47.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $43.9m during the year ending 12/2022. While expenses have increased by 15.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TOGETHER WITH OUR PARTNERS, WE PROVIDE HEALTHY SOLUTIONS TO END HUNGER IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barton Lowther Director | Trustee | 1 | $0 |
Patricia Courtois Secretary | OfficerTrustee | 2 | $0 |
Lashawn Frost Director | Trustee | 2 | $0 |
Paul Cantor Treasurer | OfficerTrustee | 1 | $0 |
Tomas Dinverno Director | Trustee | 1 | $0 |
Lisa Keverian-Press Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brad Cecil & Associates Inc Fundraising | 12/30/17 | $145,780 |
At Large Inc Professional | 12/30/17 | $131,165 |
Western Harvest Broker & Distributor | 12/30/17 | $116,259 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $373,350 |
| Related organizations | $0 |
| Government grants | $405,010 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,248,893 |
| Noncash contributions included in lines 1a–1f | $28,893,961 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,027,253 |
| Total Program Service Revenue | $2,244,156 |
| Investment income | $221,443 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,037 |
| Net Income from Fundraising Events | $17,543 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,618,285 |
| 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. | $650,694 |
| Compensation of current officers, directors, key employees. | $106,308 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,867,070 |
| Pension plan accruals and contributions | $111,746 |
| Other employee benefits | $811,156 |
| Payroll taxes | $248,211 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,491 |
| Fees for services: Accounting | $17,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $131,869 |
| Fees for services: Investment Management | $21,531 |
| Fees for services: Other | $161,390 |
| Advertising and promotion | $85,888 |
| Office expenses | $253,726 |
| Information technology | $152,732 |
| Royalties | $0 |
| Occupancy | $267,168 |
| Travel | $38,751 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,289 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $578,950 |
| Insurance | $243,088 |
| All other expenses | $986,152 |
| Total functional expenses | $43,878,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,466,001 |
| Savings and temporary cash investments | $12,678,252 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,738 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,334,217 |
| Prepaid expenses and deferred charges | $168,212 |
| Net Land, buildings, and equipment | $6,994,422 |
| Investments—publicly traded securities | $12,012,543 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,368 |
| Total assets | $34,695,753 |
| Accounts payable and accrued expenses | $527,617 |
| 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 | $17,869 |
| Total liabilities | $545,486 |
| Net assets without donor restrictions | $32,010,592 |
| Net assets with donor restrictions | $2,139,675 |
| 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 | $34,695,753 |