Food Bank Support Corporation
- Assets
- $24.1m
- Revenue
- $123.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicopee, MA
- Founding
- Data as of
- 09/2023
- EIN
- 87-1266329
Organization Overview
Food Bank Support Corporation is located in Chicopee, MA. According to its NTEE Classification (K11) the organization is classified as: Single Organization Support, 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 Bank Support Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS, SUPPORT THE FUNCTIONS OF,& CARRY OUT THE PURPOSES OF THE FOOD BANK OF WESTERN MA
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD BANK SUPPORT CORPORATION CONSTRUCTED A 63,000 SQUARE FOOT HEADQUARTERS BUILDING IN FYE 9/30/23 THAT INCLUDED A WAREHOUSE, TRAINING AND SUPPORT SPACE IN CHICOPEE, MASSACHUSETTS. THE NEWLY CONSTRUCTED BUILDING IS NOW OCCUPIED BY AND RENTED TO ITS SUPPORTED ORGANIZATION, THE FOODBANK OF WESTERN MASSACHUSETTS, WHICH IS ALSO A 501( C)(3) ORGANIZATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Stelzer President | OfficerTrustee | 0.5 | $0 |
Andrew Crystal Treasurer | OfficerTrustee | 0.5 | $0 |
Cynthia Simison Clerk | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ce Floyd Construction Services | 9/29/23 | $10,690,605 |
The Dennis Group Construction Services | 9/29/23 | $231,299 |
Evernorth Rural Ventures 2008 Llc Professional Services | 9/29/23 | $104,644 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $115,167 |
| Investment income | $8,526 |
| 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 | $123,693 |
| 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. | $0 |
| 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 | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $7,726 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,281 |
| Insurance | $0 |
| All other expenses | $14,740 |
| Total functional expenses | $65,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $706,876 |
| Savings and temporary cash investments | $1,850,002 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,167 |
| 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 | $450,000 |
| Net Land, buildings, and equipment | $20,731,195 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $261,087 |
| Other assets | $0 |
| Total assets | $24,114,327 |
| Accounts payable and accrued expenses | $1,005,357 |
| 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 | $20,440,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,367,785 |
| Total liabilities | $22,813,142 |
| Net assets without donor restrictions | $1,301,185 |
| 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 | $24,114,327 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Essex North Shore Agricultural Technical Foundation Inc Beverly, MA | $21,468 | $0 |
Seneca Foods Foundation Fairport, NY | $9,462,632 | $502,539 |
Ttees Uw Lotta M Crabtree Lotta Agricultural Fund Boston, MA | $2,775,294 | $519,349 |
Sclt Support Corporation Providence, RI | $5,132,487 | $30,500 |
Alter & Yitu Klein Simcha Fund Inc New City, NY | $10,996 | $0 |
Food Bank Support Corporation Chicopee, MA | $24,114,327 | $123,693 |
North Shore Moving Market Inc Salem, MA | $6,143 | $0 |
Festival Of Grapes Inc Silver Creek, NY | $36,399 | $0 |
Served Inc Stoughton, MA | $86,318 | $0 |
Food Hub Qalicb New York, NY | $42,086,854 | $3,393 |
Food For Thought Endowment Fund Inc Albany, NY | $0 | $0 |