Philmat Inc
- Assets
- $3.9m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 75
- Location
- New Orleans, LA
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 72-0787616
Organization Overview
Philmat Inc is located in New Orleans, LA. The organization was established in 1946. As of 06/2021, Philmat Inc employed 75 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Philmat 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 06/2021, Philmat Inc generated $5.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $5.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ACT AS A LOCAL AGENT FOR THE COMMODITY SUPPLEMENTAL FOOD AND WAREHOUSE PROGRAM, FOOD FOR SENIORS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD FOR FAMILIES/FOOD FOR SENIORS PROGRAM PROVIDED NUTRITIONAL BOXES TO APPROXIMATELY 43,000 SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Robertson Executive Director (thru 06/21) | Officer | 40 | $108,186 |
Cheryl D Laborde Director/treasurer | OfficerTrustee | 1 | $0 |
Deacon Martin Gutierrez Director/secretary | OfficerTrustee | 1 | $0 |
Sister Marjorie Hebert Msc President & CEO | OfficerTrustee | 1 | $0 |
Michelle Higgins Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $131,654 |
| Government grants | $4,430,469 |
| All other contributions, gifts, grants, and similar amounts not included above | $455,980 |
| Noncash contributions included in lines 1a–1f | $12,745 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,018,103 |
| Total Program Service Revenue | $0 |
| Investment income | $22,923 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $593 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,046,141 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,745 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $126,913 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,989,069 |
| Pension plan accruals and contributions | $53,711 |
| Other employee benefits | $370,551 |
| Payroll taxes | $133,636 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,840 |
| Fees for services: Accounting | $10,431 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,200 |
| Fees for services: Other | $352,369 |
| Advertising and promotion | $0 |
| Office expenses | $57,338 |
| Information technology | $14,240 |
| Royalties | $0 |
| Occupancy | $612,413 |
| Travel | $498,981 |
| 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 | $272,463 |
| Insurance | $132,997 |
| All other expenses | $0 |
| Total functional expenses | $4,968,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $831,404 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,940 |
| Net Land, buildings, and equipment | $2,228,367 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $829,227 |
| Total assets | $3,913,238 |
| Accounts payable and accrued expenses | $210,006 |
| 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 | $25,890 |
| Total liabilities | $235,896 |
| Net assets without donor restrictions | $3,569,893 |
| Net assets with donor restrictions | $107,449 |
| 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 | $3,913,238 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Philmat Inc has recieved totaling $131,654.
| Awarding Organization | Amount |
|---|---|
Catholic Charities Archdiocese Of New Orleans New Orleans, LA PURPOSE: GENERAL SUPPORT | $131,654 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Corn Growers Association Chesterfield, MO | $16,422,383 | $19,831,099 |
South Plains Food Bank Inc Lubbock, TX | $28,298,795 | $20,514,484 |
The Food Bank Of Central Louisiana Inc Alexandria, LA | $12,555,817 | $16,824,841 |
Northwest Louisiana Food Bank Shreveport, LA | $26,081,123 | $19,803,576 |
Texas Farm Bureau Waco, TX | $1,072,770,797 | $25,839,501 |
Arkansas Farm Bureau Federation Little Rock, AR | $66,846,371 | $16,311,552 |
The Food Bank Of The Golden Crescent Victoria, TX | $12,570,962 | $19,539,613 |
High Plains Food Bank Amarillo, TX | $16,120,806 | $18,291,183 |
School Food & Nutrition Services Of New Orleans Inc New Orleans, LA | $8,906,777 | $17,589,117 |
Meals On Wheels And More Inc Austin, TX | $24,535,746 | $25,770,076 |
Child Food Program Of Texas Inc Katy, TX | $2,267,429 | $15,674,535 |
Our Daily Bread Of Tennessee Inc Knoxville, TN | $2,326,524 | $13,713,547 |