Treasure Coast Food Bank Incorporated
- Assets
- $20.2m
- Revenue
- $58.4m
- Investments
- $0.0
- Employees
- 90
- Location
- Fort Pierce, FL
- Founding
- 01/1990
- Data as of
- 06/2024
- EIN
- 65-0123281
Organization Overview
Treasure Coast Food Bank Incorporated is located in Fort Pierce, FL. The organization was established in 1990. 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 06/2024, Treasure Coast Food Bank Incorporated employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Treasure Coast Food Bank Incorporated 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 06/2024, Treasure Coast Food Bank Incorporated generated $58.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $56.0m during the year ending 06/2024. While expenses have increased by 16.6% 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.
Since 2019, Treasure Coast Food Bank Incorporated has awarded 551 individual grants totaling $77,934,090. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
ALLEVIATE HUNGER BY COLLECTION & DISTRIBUTION OF DONATED FOOD & OTHER ESSENTIALS IN INDIAN RIVER, MARTIN, OKEECHOBEE & ST. LUCIE COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL FOOD /PRODUCT DISTRIBUTION: DIRECT SERVICES TO HELP CHILDREN, SENIORS, VETERANS, PETS, AND FAMILIES IN NEED. COLLECTION, WAREHOUSING AND DISTRIBUTION OF PRODUCT FROM LOCAL AND NATIONAL FOOD INDUSTRY DONORS, COMMUNITY FOOD DRIVES, AND PURCHASES TO NON-PROFIT AGENCIES WITH FEEDING AND/OR FOOD DISTRIBUTION PROGRAMS. ALL FOOD AND OTHER ESSENTIALS ARE PROVIDED TO PEOPLE AT NO COST.
BENEFITS OUTREACH AND CLIENT SERVICES/CASE MANAGEMENT PROGRAM: A CLIENT INVTERVENTON PROGRAM THAT CONNECTS LOW-INCOME FAMILES WITH VITAL SERVICES TO HELP INCREASE THEIR HOUSEHOLD RESOURCES AND STABILIZE FINANCIAL VOLATILITY, NUTRITION, HEALTH AND WELLNESS EDUCATES FAMILES ON LOW COST HEALTHY FOOD CHOICES, EDUCATIONAL SEMINARS AND SESSIONS EMPOWER PEOPLE TO IMPROVE OVERALL HEALTH, LIFESTYLE AND WELLBEING.
FOOD PRODUCTION KITCHEN PROGRAM: THE PROGRAM PROVIDES A 12-WEEK FOOD SERVICE TRAINING PROGRAM FOCUSED ON TECHNICAL, LIFE, AND EMPLOYMENT SKILLS IN THE FOOD SERVICE INDUSTRY. THE PROGRAM ALSO PROVIDES HOT MEALS FOR CHILDREN IN AFTER SCHOOL PROGRAMS, READY TO EAT PREPARED MEALS, SUMMER MEAL PROGRAM PROVIDES BREAKFAST, LUNCH AND SNACKS TO CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitch Hall Board Chair | OfficerTrustee | 3 | $0 |
Peter J Tesch Vice Chairman | OfficerTrustee | 3 | $0 |
Mark Satterlee Secretary | OfficerTrustee | 3 | $0 |
Christine Kelly-Begazo Treasurer | OfficerTrustee | 3 | $0 |
Ed Skvarch Past Immediate Chairman/pr | Trustee | 3 | $0 |
Major Petri Hayes Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sysco Food Services Corporation | 6/29/24 | $324,938 |
Clear Springs Farm | 6/29/24 | $326,040 |
Cheney Brothers Inc | 6/29/24 | $349,971 |
A&j Global Foods | 6/29/24 | $147,200 |
Hpf Distributors Llc | 6/29/24 | $153,710 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $130,482 |
| Related organizations | $0 |
| Government grants | $14,159,531 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,818,657 |
| Noncash contributions included in lines 1a–1f | $44,576,427 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,108,670 |
| Total Program Service Revenue | $3,060,574 |
| Investment income | $151,997 |
| 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 | $58,393,171 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $41,042,946 |
| 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. | $199,370 |
| Compensation of current officers, directors, key employees. | $25,918 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,195,772 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,875 |
| Payroll taxes | $251,126 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $603,051 |
| Advertising and promotion | $130,950 |
| Office expenses | $67,844 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $327,001 |
| Travel | $91,117 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $88,654 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $458,892 |
| Insurance | $647,050 |
| All other expenses | $1,577,226 |
| Total functional expenses | $56,034,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,139,890 |
| Savings and temporary cash investments | $773,256 |
| Pledges and grants receivable | $2,430,487 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,298,004 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,832,046 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $735,192 |
| Total assets | $20,208,875 |
| Accounts payable and accrued expenses | $566,625 |
| 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 | $2,854,700 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $264,326 |
| Total liabilities | $3,685,651 |
| Net assets without donor restrictions | $16,046,357 |
| Net assets with donor restrictions | $476,867 |
| 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 | $20,208,875 |
Grants Awarded
Over the last fiscal year, Treasure Coast Food Bank Incorporated has awarded $18,098,542 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
CASA DE ALABANZA VENGA TU REINO PURPOSE: TO DISTRIBUTE FOOD TO THE NEEDY | $301,308 |
CHURCH OF GOD BY FAITH PURPOSE: TO DISTRIBUTE FOOD TO THE NEEDY | $344,484 |
PATHWAY CHURCH PURPOSE: TO DISTRIBUTE FOOD TO THE NEEDY | $35,639 |
OPERATION HOPE PURPOSE: TO DISTRIBUTE FOOD TO THE NEEDY | $784,763 |
OUR HOUSE NETWORK PURPOSE: TO DISTRIBUTE FOOD TO THE NEEDY | $14,958 |
ROSELAND ECUMENICAL FOOD PANTRY PURPOSE: TO DISTRIBUTE FOOD TO THE NEEDY | $300,801 |