Food Drive Inc
- Assets
- $85.6k
- Revenue
- $552.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Melrose, MA
- Founding
- Data as of
- 12/2023
- EIN
- 85-4141692
Organization Overview
Food Drive Inc is located in Melrose, MA. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Food Drive 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 12/2023, Food Drive Inc generated $552.0k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $545.4k during the year ending 12/2023. While expenses have increased by 7.4% per year over the past 3 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION WAS ORGANIZED IN MELROSE, MASSACHUSETTS TO PROMOTE FOOD ACCESS, FOOD JUSTICE, AND CLIMATE ACTION. WE PARTNER WITH COMMERCIAL AND COMMUNITY SOURCES TO RESCUE WHOLESOME FOOD THAT WOULD OTHERWISE GO TO WASTE AND DELIVER IT DIRECTLY TO LOCAL PANTRIES, PROGRAMS, AND PEOPLE WITHIN AN APPROXIMATE TEN-MILE RADIUS. A SIGNIFICANT PORTION OF OUR RESCUED FOOD IS FRESH PRODUCE, HELPING TO BRIDGE THE SHORTAGE OF HEALTHY FOOD AVAILABLE TO PEOPLE IN POVERTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH OUR PRIMARY ACTIVITY OF FOOD RESCUE, THE FOOD DRIVE RECOVERS FOOD THAT WOULD HAVE BEEN WASTED AT COMMERCIAL SOURCES AND DELIVERS IT AT NO COST TO PANTRIES, LOW-INCOME HOUSING, AND OTHER RECIPIENTS - LITERALLY DRIVING FOOD FROM THE POINT OF POTENTIAL WASTE TO THE POINT OF NEED. IN ADDITION TO OUR OWN CITY OF MELROSE, WE SERVE EVERETT, LYNN, MALDEN, MEDFORD, READING, SAUGUS, STONEHAM, WAKEFIELD, AND WOBURN. OUR FOCUS IS PROVIDING THE FRESH, NUTRITIOUS FOOD THAT IS VITAL FOR GOOD HEALTH AND CAN BE PROHIBITIVELY EXPENSIVE AND IN SHORT SUPPLY AT FOOD PANTRIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jana Gimenez Executive Director | OfficerTrustee | 40 | $110,916 |
Tony Gimenez Program Director | OfficerTrustee | 20 | $50,417 |
Elizabeth Bianco Board President | OfficerTrustee | 1 | $0 |
Beth Blatchford Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Manning Clerk | OfficerTrustee | 1 | $0 |
Jill Tully At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $453,785 |
| Noncash contributions included in lines 1a–1f | $311,040 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $478,785 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $73,225 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $552,010 |
| 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. | $161,333 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,397 |
| Payroll taxes | $12,687 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,044 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $804 |
| Advertising and promotion | $2,827 |
| Office expenses | $28,068 |
| Information technology | $441 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $499 |
| All other expenses | $3,421 |
| Total functional expenses | $545,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,621 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $85,621 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $85,621 |
| Total liabilities and net assets/fund balances | $85,621 |