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Nonprofiteer
← FOODBANK OF MONMOUTH AND OCEAN COUNTIES INC

Form 990 for tax year 2022

Filed by FOODBANK OF MONMOUTH AND OCEAN COUNTIES INC.

Totals

Total revenue
$37,218,857
Total expenses
$35,476,755
Contributions and grants received
$36,583,866
Grants paid
$14,385,269
Program service revenue
$21,505
Investment income
$602,418
Other revenue
$11,068
Total assets, end of year
$29,276,341
Total liabilities, end of year
$3,663,023
Net assets or fund balances, end of year
$25,613,318
Program services expenses (Part IX)
$32,734,072
Management and general expenses
$1,470,946
Fundraising expenses
$1,271,737
Program service expenses (Part III)
$32,734,072

Program services were 92.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $5,763

  • 1c · Fundraising events

    $241,437

  • 1e · Government grants (contributions)

    $12,542,725

  • 1f · All other contributions, gifts and grants

    $23,793,941

  • 1g · Noncash contributions included above

    $13,625,875

  • 2a · Program service revenue: RENTAL INCOME

    total $11,760 · related or exempt $11,760

  • 2b · Program service revenue: CULINARY TRAINING

    total $9,745 · related or exempt $9,745

  • 3 · Investment income

    total $553,031 · excluded $553,031

  • 7a · Gross sales of assets other than inventory

    securities $4,535,446

  • 7b · Less cost or other basis and sales expenses

    securities $4,486,059

  • 7c · Gain or loss

    securities $49,387

  • 7d · Net gain or loss

    total $49,387 · excluded $49,387

  • 8a · Fundraising events: gross income

    $93,520

  • 8a · Fundraising events: contributions included on line 1c

    $241,437

  • 8b · Fundraising events: direct expenses

    $110,949

  • 8c · Net income from fundraising events

    total -$17,429 · excluded -$17,429

  • 11a · Other revenue: OTHER INCOME

    total $28,497 · excluded $28,497

  • 11e · Other revenue, total

    $28,497

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $170,119 · program services $170,119

  • 2 · Grants to domestic individuals

    total $14,215,150 · program services $14,215,150

  • 5 · Compensation of officers, directors and key employees

    total $212,119 · management and general $212,119

  • 7 · Other salaries and wages

    total $2,825,248 · program services $1,993,923 · management and general $421,936 · fundraising $409,389

  • 8 · Pension plan contributions

    total $58,602 · program services $36,703 · management and general $13,003 · fundraising $8,896

  • 9 · Other employee benefits

    total $593,804 · program services $399,534 · management and general $127,658 · fundraising $66,612

  • 10 · Payroll taxes

    total $245,919 · program services $161,286 · management and general $51,586 · fundraising $33,047

  • 11b · Fees: legal

    total $8,594 · program services $5,675 · management and general $1,758 · fundraising $1,161

  • 11c · Fees: accounting

    total $449,200 · program services $296,607 · management and general $91,906 · fundraising $60,687

  • 11f · Fees: investment management

    total $98,027 · management and general $98,027

  • 11g · Fees: other

    total $583,626 · program services $413,870 · management and general $126,350 · fundraising $43,406

  • 12 · Advertising and promotion

    total $448,932 · program services $122,421 · fundraising $326,511

  • 13 · Office expenses

    total $777,259 · program services $533,489 · management and general $50,862 · fundraising $192,908

  • 14 · Information technology

    total $233,558 · program services $129,734 · management and general $49,720 · fundraising $54,104

  • 16 · Occupancy

    total $541,214 · program services $519,143 · management and general $9,694 · fundraising $12,377

  • 17 · Travel

    total $229,980 · program services $229,980

  • 19 · Conferences, conventions and meetings

    total $72,283 · program services $49,364 · management and general $15,419 · fundraising $7,500

  • 22 · Depreciation, depletion and amortization

    total $564,184 · program services $538,821 · management and general $8,734 · fundraising $16,629

  • 23 · Insurance

    total $122,447 · program services $79,918 · management and general $24,615 · fundraising $17,914

  • 24a · Other expenses: FOOD PURCHASES

    total $12,380,201 · program services $12,380,201

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $320,898 · program services $319,039 · management and general $642 · fundraising $1,217

  • 24c · Other expenses: FEES, PERMITS, AND LICE

    total $188,315 · program services $2,019 · management and general $166,917 · fundraising $19,379

  • 24d · Other expenses: CULINARY PROGRAM

    total $137,076 · program services $137,076

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,122,191 · end of year $3,334,374

  • 2 · Savings and temporary cash investments

    beginning of year $6,086,534 · end of year $6,541,233

  • 3 · Pledges and grants receivable

    beginning of year $72,201

  • 4 · Accounts receivable

    beginning of year $74,706 · end of year $250,131

  • 8 · Inventories for sale or use

    beginning of year $1,440,703 · end of year $1,078,561

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,611 · end of year $30,373

  • 10a · Land, buildings and equipment: cost or other basis

    $9,803,558

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,483,086

  • 10c · Land, buildings and equipment, net

    beginning of year $1,364,321 · end of year $2,320,472

  • 11 · Investments: publicly traded securities

    beginning of year $13,935,618 · end of year $14,614,716

  • 15 · Other assets

    beginning of year $122,424 · end of year $1,106,481

  • 17 · Accounts payable and accrued expenses

    beginning of year $531,392 · end of year $1,640,828

  • 19 · Deferred revenue

    beginning of year $957,480 · end of year $1,031,888

  • 25 · Other liabilities

    beginning of year $0 · end of year $990,307

  • 27 · Net assets without donor restrictions

    beginning of year $21,570,149 · end of year $24,530,588

  • 28 · Net assets with donor restrictions

    beginning of year $1,201,288 · end of year $1,082,730

Mission and programs · 2022

Mission

FULFILL ACCELERATES FOOD SECURITY THROUGHOUT MONMOUTH & OCEAN COUNTIES BY LEADING A COLLABORATIVE MOVEMENT THAT CONNECTS PEOPLE TO FOOD AND RELATED RESOURCES WHILE ALSO ADDRESSING SYSTEMIC BARRIERS TO SELF-SUFFICIENCY AND WELL-BEING.

Activities or mission (Part I)

TO ALLEVIATE HUNGER AND BUILD FOOD SECURITY IN MONMOUTH AND OCEAN COUNTIES, NEW JERSEY.

  • FULFILL ACQUIRES NUTRITIOUS FOOD FOR DISTRIBUTION TO FAMILIES IN NEED IN MONMOUTH AND OCEAN COUNTIES. FULFILL PRIMARILY DELIVERS NUTRITIOUS FOOD THROUGH A NETWORK OF CHARITABLE AGENCIES, OUR MOBILE PANTRIES, AND KIDS' FEEDING PROGRAMS. SOURCES OF DONATED FOOD INCLUDE LOCAL FOOD DONATIONS, NATIONAL DONATIONS THROUGH FEEDING AMERICA, AND GOVERNMENT FOOD SUCH AS THE EMERGENCY FOOD ASSISTANCE PROGRAM (TEFAP). FULFILL SUPPLEMENTS DONATED FOOD AND PRODUCTS WITH SPECIFIC GROCERY ITEMS PURCHASED THROUGH A SMALL BULK CO-OP PROGRAM, AS WELL AS PURCHASES MADE WITH FUNDING FROM THE STATE FOOD PURCHASE PROGRAM AND OTHER FUNDING.

    Expenses $31,001,813 · Grants $14,385,269 · Revenue $11,760

  • THE CULINARY TRAINING PROGRAM PROVIDES HANDS-ON TRAINING IN AN ONSITE PRODUCTION KITCHEN FOR UNDERPRIVILEGED ADULTS IN NEED OF PERMANENT EMPLOYMENT. THE PROGRAM HELPS MEN AND WOMEN BECOME SELF-SUFFICIENT BY PROVIDING THE SKILLS THEY NEED TO OBTAIN BETTER-PAYING JOBS AND OPERATES OUT OF THE TOMS RIVER LOCATION. THE CULINARY TRAINING PROGRAM HELPS PREPARE HOT MEALS FOR THE AFTER-SCHOOL AND SUMMER FOOD PROGRAMS.

    Expenses $754,587 · Revenue $9,745

  • FULFILL IDENTIFIES OPPORTUNITIES AND RESOURCES DESIGNED TO REDUCE THE NEED AND KEEP OUR FAMILIES FOOD SECURE. FULFILL ASSISTS HOUSEHOLDS TO ACCESS BENEFITS AND RESOURCES THAT WILL HELP THEM ADDRESS THE BUDGET SHORTFALL WHICH CAN CAUSE HUNGER AND PREVENT FOOD SECURITY. RESOURCES INCLUDE BUT ARE NOT LIMITED TO OUTREACH AND APPLICATION ASSISTANCE FOR SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM (SNAP) AND AS NAVIGATORS IN APPLYING FOR HEALTH INSURANCE UNDER THE AFFORDABLE CARE ACT AND MEDICAID/NJ FAMILY CARE. ACTIVITIES ARE CONDUCTED LOCALLY AND AT AS MANY AS 25 COMMUNITY SITES EACH MONTH.

    Expenses $252,937

  • Expenses $724,735

As filed on the 2022 return.

Listed in Part VII

  • Lauren Holman CPA

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Aaron Levine

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Janelle Griffith

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Joseph Stroffolino III

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Sandy S Broughton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Shandra Chisolm

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Karen Dolan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tyniesha Douglas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Drew Eitner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Karen Franklin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jean Gardner Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Grunin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Susan Doctorian Kyrillos

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rena Levine Levy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dean Lin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ken Marowitz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Suzanne Parchment

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nichoele Peguese

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Peter Rosario

    TRUSTEE (UNTIL 10/2022)

    Total calculated
    $0
    Hours/week
    1

  • Sammy Steinlight

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Chris Sullens

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Alex Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Charles T Woolston

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Triada Stampas

    PRESIDENT & CEO

    Total calculated
    $196,151
    From this org
    $191,644
    From related orgs
    $0
    Other
    $4,507
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,644
    Bonus
    $0
    Other
    $0
    Deferred
    $4,165
    Nontaxable benefits
    $342
    Filer's total
    $196,151

  • Andre Solomon

    VP OF FINANCE AND ADMIN

    Total calculated
    $44,516
    From this org
    $44,516
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • James Kroeze

    COO UNTIL JUNE '22

    Total calculated
    $123,196
    From this org
    $111,446
    From related orgs
    $0
    Other
    $11,750
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
12 March 2024
IRS schema version
2022v5.0
Source object
202441089349300234

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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