Northshore Food Bank
- Assets
- $6.1m
- Revenue
- $2.6m
- Investments
- $258.7k
- Employees
- 17
- Location
- Covington, LA
- Founding
- 11/1985
- Data as of
- 12/2022
- EIN
- 72-1028539
Organization Overview
Northshore Food Bank is located in Covington, LA. 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 12/2022, Northshore Food Bank employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northshore 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 12/2022, Northshore Food Bank generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 2.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SERVING THE NORTHSHORE BY PROVIDING ACCESS TO BASIC NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD BANK: DISTRIBUTION OF FOOD TO THE POOR AND HUNGRY.
RESALE SHOP: PROVIDES GENTLY USED LOW COST, GENTLY USED CLOTHING, HOUSEHOLD GOODS AND FURNITURE TO THE COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph C Chautin III Chairman | OfficerTrustee | 2 | $0 |
Gianna Schlottman Vice Chairwoman | OfficerTrustee | 1 | $0 |
Laurie Pennison Secretary | OfficerTrustee | 1 | $0 |
Sarah Yrle Treasurer | OfficerTrustee | 1 | $0 |
Kurt Hanks Development Chair | OfficerTrustee | 1 | $0 |
Jose Balli Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $213,154 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,128,209 |
| Noncash contributions included in lines 1a–1f | $1,002,082 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,341,363 |
| Total Program Service Revenue | $296,187 |
| Investment income | $3,162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,800 |
| Net Gain/Loss on Asset Sales | -$11,682 |
| Net Income from Fundraising Events | -$25,536 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,638,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,498 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $68,048 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $396,498 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $38,130 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,299 |
| Advertising and promotion | $5,429 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,880 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125,618 |
| Insurance | $52,825 |
| All other expenses | $41,994 |
| Total functional expenses | $2,140,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $483,646 |
| Savings and temporary cash investments | $2,071,570 |
| Pledges and grants receivable | $40,000 |
| 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 | $213,106 |
| Prepaid expenses and deferred charges | $34,411 |
| Net Land, buildings, and equipment | $3,000,911 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $258,693 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,102,337 |
| Accounts payable and accrued expenses | $42,514 |
| Grants payable | $0 |
| Deferred revenue | $15,000 |
| 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 | $2,900 |
| Total liabilities | $60,414 |
| Net assets without donor restrictions | $6,041,923 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,102,337 |