Palm Beach County Food Bank Inc
- Assets
- $16.1m
- Revenue
- $23.4m
- Investments
- $0.0
- Employees
- 49
- Location
- Lake Worth, FL
- Founding
- 08/2012
- Data as of
- 06/2022
- EIN
- 90-0788707
Organization Overview
Palm Beach County Food Bank Inc is located in Lake Worth, FL. The organization was established in 2012. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2022, Palm Beach County Food Bank Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palm Beach County Food Bank 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, Palm Beach County Food Bank Inc generated $23.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $22.9m during the year ending 06/2022. While expenses have increased by 12.6% 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, Palm Beach County Food Bank Inc has awarded 1,249 individual grants totaling $99,317,158. 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
THE FOOD BANK DISTRIBUTED OVER 11.4 MIL POUNDS OF FOOD TO OVER 135 AGENCIES IN PALM BEACH COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PALM BEACH COUNTY FOOD BANK, INC. (THE "FOOD BANK") WAS ESTABLISHED IN 2012. THE FOOD BANK IS COMMITTED TO FIGHTING HUNGER AND IMPROVING FOOD SECURITY IN PALM BEACH COUNTY BY WORKING IN PARTNERSHIP WITH LOCAL ORGANIZATIONS. THE FOOD BANK COLLECTS, RECOVERS, PURCHASES, AND DISTRIBUTES FOOD TO FOOD PANTRIES, SOUP KITCHENS, AND OTHER NON-PROFIT ORGANIZATIONS IN PALM BEACH COUNTY AT NO COST. DURING THE YEAR ENDED JUNE 30, 2022, IT SERVED OVER 230 ORGANIZATIONS THROUGH 4 PROGRAMS. IT DISTRIBUTED OVER 11.4 MILLION POUNDS OF FOOD TO OVER 135 AGENCIES ON THE FRONT LINE OF HUNGER RELIEF FROM TEQUESTA TO BOCA RATON AND BELLE GLADE AND PAHOKEE TO THE COAST. IN ADDITION, THE FOOD BANK OPERATES THE CHILDHOOD HUNGER INITIATIVES PROGRAM, WHICH SERVED FOOD PACKS TO UPWARDS OF 5,900 CHILDREN AT 79 PARTNER AGENCIES THROUGHOUT THE YEAR FOR A TOTAL OF 140,905 BAGS TO CHILDREN. THE BENEFITS OUTREACH PROGRAM HELPED OVER 6,000 INDIVIDUALS RECEIVE OVER $8.4 MILLION OF FEDERAL FOOD BENEFIT ASSISTANCE AND HAD OVER 2600 PARTICIPANTS FROM OUR POP-UP FARMERS MARKET, A NUTRITION EDUCATION PROGRAM THAT PROVIDES PARTICIPANTS WITH A WEEKLY PRODUCE BOX AND NUTRITION INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marti Latour Chairman | OfficerTrustee | 1 | $0 |
Susan Rabinowitz Director | Trustee | 1 | $0 |
Mark Busse Secretary | OfficerTrustee | 1 | $0 |
James Greco Vice Chairman | OfficerTrustee | 1 | $0 |
Bob O'connell Treasurer | OfficerTrustee | 1 | $0 |
Deborah Pucillo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $283,969 |
| Membership dues | $0 |
| Fundraising events | $168,075 |
| Related organizations | $0 |
| Government grants | $1,913,196 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,960,774 |
| Noncash contributions included in lines 1a–1f | $15,332,049 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,326,014 |
| Total Program Service Revenue | $0 |
| Investment income | $1,202 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$667 |
| Net Income from Fundraising Events | $32,572 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,359,181 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,359,254 |
| Grants and other assistance to domestic individuals. | $3,307,334 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $257,659 |
| Compensation of current officers, directors, key employees. | $77,298 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,438,386 |
| Pension plan accruals and contributions | $2,706 |
| Other employee benefits | $161,274 |
| Payroll taxes | $121,356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $102,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $247,259 |
| Advertising and promotion | $111,747 |
| Office expenses | $153,239 |
| Information technology | $73,221 |
| Royalties | $0 |
| Occupancy | $281,102 |
| Travel | $18,997 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,792 |
| Interest | $24,713 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $305,317 |
| Insurance | $109,905 |
| All other expenses | $0 |
| Total functional expenses | $22,909,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $392,428 |
| Savings and temporary cash investments | $7,589,786 |
| Pledges and grants receivable | $265,003 |
| 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 | $498,704 |
| Prepaid expenses and deferred charges | $129,612 |
| Net Land, buildings, and equipment | $3,484,879 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,730,543 |
| Total assets | $16,090,955 |
| Accounts payable and accrued expenses | $187,703 |
| 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 | $4,204,627 |
| Total liabilities | $4,392,330 |
| Net assets without donor restrictions | $9,156,736 |
| Net assets with donor restrictions | $2,541,889 |
| 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 | $16,090,955 |
Grants Awarded
Over the last fiscal year, Palm Beach County Food Bank Inc has awarded $14,315,668 in support to 125 organizations.
| Grant Recipient | Amount |
|---|---|
1ST STUDIO ARTS AND CULTURAL CENTER PURPOSE: Unrestricted Support | $81,195 |
A PLACE CALLED HOPE WITH FBC OF GREENACRES PURPOSE: Unrestricted Support | $97,358 |
AHEPA 18 PURPOSE: Unrestricted Support | $5,544 |
AID TO VICTIMS OF DOMESTIC ABUSE (AVDA) PURPOSE: Unrestricted Support | $6,479 |
ALICIA'S FAMILY SERVICE CENTER PURPOSE: Unrestricted Support | $53,647 |
BETHEL CHURCH OF GOD INC PURPOSE: Unrestricted Support | $44,262 |