The Food Bank Of Central Louisiana Inc
- Assets
- $12.6m
- Revenue
- $16.8m
- Investments
- $0.0
- Employees
- 58
- Location
- Alexandria, LA
- Founding
- 03/1990
- Data as of
- 06/2022
- EIN
- 72-1154072
Organization Overview
The Food Bank Of Central Louisiana Inc is located in Alexandria, LA. 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 06/2022, Food Bank Of Central Louisiana Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Bank Of Central Louisiana 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 06/2022, Food Bank Of Central Louisiana Inc generated $16.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $17.8m during the year ending 06/2022. While expenses have increased by 12.1% 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.
Since 2015, Food Bank Of Central Louisiana Inc has awarded 714 individual grants totaling $55,321,062. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ALLEVIATE HUNGER IN CENTRAL LOUISIANA
Describe the Organization's Program Activity:
Part 3 - Line 4a
GATHER, STORE AND REDISTRIBUTE FOOD TO INDIVIDUALS AND CHARITABLE ORGANIZATIONS THAT SERVE THE NEEDY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Gardner Chair | OfficerTrustee | $0 | |
Todd St Romain Vice-Chair | OfficerTrustee | $0 | |
Cornelia Pickens Sutton Secretary | OfficerTrustee | $0 | |
Kent Lachney Treasurer | OfficerTrustee | $0 | |
Tim Holloway Board Member | Trustee | $0 | |
Kelli West Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,162,964 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,962,417 |
| Noncash contributions included in lines 1a–1f | $14,413,014 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,125,381 |
| Total Program Service Revenue | $0 |
| Investment income | -$416,984 |
| 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 | $16,824,841 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,162,665 |
| Grants and other assistance to domestic individuals. | $8,518,779 |
| 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 | $1,157,248 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $170,969 |
| Payroll taxes | $86,188 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,655 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,247 |
| Office expenses | $69,988 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $35,225 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,061 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $252,259 |
| Insurance | $111,195 |
| All other expenses | $632,183 |
| Total functional expenses | $17,817,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,498,480 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $168,508 |
| Accounts receivable, net | $297,748 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,677,208 |
| Prepaid expenses and deferred charges | $60,521 |
| Net Land, buildings, and equipment | $3,546,286 |
| Investments—publicly traded securities | $2,307,066 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,555,817 |
| Accounts payable and accrued expenses | $184,878 |
| 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 | $303,409 |
| Other liabilities | $0 |
| Total liabilities | $488,287 |
| Net assets without donor restrictions | $8,733,655 |
| Net assets with donor restrictions | $3,333,875 |
| 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 | $12,555,817 |
Grants Awarded
Over the last fiscal year, The Food Bank Of Central Louisiana Inc has awarded $6,162,665 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
Leesville, LA | | $710,339 |
NATCHITOCHES PARISH COUNCIL ON AGIN | | | $440,331 |
MANSURA CARE & HOPE | | | $408,998 |
HARVEST OF HOPE | | | $266,045 |
Oakdale, LA | | $264,900 |
Jonesboro, LA | | $253,565 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that The Food Bank Of Central Louisiana Inc has recieved totaling $690,244.
| Awarding Organization | Amount |
|---|---|
Rapides Foundation Alexandria, LA PURPOSE: EXPANSION OF DISTRIBUTION OF FRESH PRODUCE AND FOODS | $150,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $145,445 |
Northern Illinois Food Bank Geneva, IL PURPOSE: FEED THE HUNGRY | $121,518 |
Kroger Co Zero Hunger Zero Waste Foundation Cincinnati, OH PURPOSE: ORGANIZATION'S CHARITABLE PURPOSE | $85,639 |
Blue Cross And Blue Shield Of Louisiana Foundation Baton Rouge, LA PURPOSE: MOBILE PANTRY PROGRAM | $50,000 |
Rapides Foundation Alexandria, LA PURPOSE: COVID-19 RESPONSE GRANT | $46,279 |
Endowment Analysis
| Beg. Balance | $2,731,683 |
| Earnings | -$424,617 |
| Ending Balance | $2,307,066 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Regional East Texas Food Bank Tyler, TX | $32,550,822 | $58,808,251 |
Greater Baton Rouge Food Bank Inc Baton Rouge, LA | $22,656,649 | $36,802,762 |
Montgomery County Food Bank Inc Conroe, TX | $14,255,524 | $35,807,870 |
Community Food Bank Fort Worth, TX | $2,422,888 | $29,642,278 |
Coastal Bend Food Bank Corpus Christi, TX | $28,051,573 | $41,735,724 |
Northwest Arkansas Food Bank Bethel Heights, AR | $9,867,832 | $24,502,827 |
West Texas Food Bank Odessa, TX | $26,092,867 | $26,901,503 |
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 |
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 |