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Nonprofiteer
← LOWCOUNTRY FOOD BANK INC

Form 990 for tax year 2023

Filed by LOWCOUNTRY FOOD BANK INC.

Totals

Total revenue
$87,492,089
Total expenses
$84,752,132
Contributions and grants received
$82,368,552
Grants paid
$74,634,528
Program service revenue
$3,918,509
Investment income
$436,987
Other revenue
$768,041
Total assets, end of year
$33,677,037
Total liabilities, end of year
$2,541,302
Net assets or fund balances, end of year
$31,135,735
Program services expenses (Part IX)
$81,499,135
Management and general expenses
$1,800,278
Fundraising expenses
$1,452,719
Program service expenses (Part III)
$81,499,135

Program services were 96.2% 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

    $36,319

  • 1c · Fundraising events

    $552,081

  • 1f · All other contributions, gifts and grants

    $81,780,152

  • 1g · Noncash contributions included above

    $68,420,042

  • 2a · Program service revenue: Shared Maintenance Revenue

    total $1,789,165 · related or exempt $1,789,165

  • 2b · Program service revenue: Kids Cafe

    total $574,172 · related or exempt $574,172

  • 2c · Program service revenue: Senior Meals

    total $386,078 · related or exempt $386,078

  • 2d · Program service revenue: Snap Education

    total $834,593 · related or exempt $834,593

  • 2e · Program service revenue: Backpack Buddies

    total $61,542 · related or exempt $61,542

  • 2f · All other program service revenue

    total $272,959 · related or exempt $272,959 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $368,676 · excluded $368,676

  • 6a · Gross rents

    real property $191,643

  • 6c · Rental income or loss

    real property $191,643 · personal property $0

  • 6d · Net rental income or loss

    total $191,643 · excluded $191,643

  • 7a · Gross sales of assets other than inventory

    other assets $71,838

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

    other assets $3,527

  • 7c · Gain or loss

    securities $0 · other assets $68,311

  • 7d · Net gain or loss

    total $68,311 · excluded $68,311

  • 8a · Fundraising events: gross income

    $62,763

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

    $552,081

  • 8b · Fundraising events: direct expenses

    $94,752

  • 8c · Net income from fundraising events

    total -$31,989 · excluded -$31,989

  • 11a · Other revenue: Change in Interest

    total $588,931 · excluded $588,931

  • 11b · Other revenue: Miscellaneous Income

    total $19,456 · excluded $19,456

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $608,387

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $74,634,528 · program services $74,634,528

  • 5 · Compensation of officers, directors and key employees

    total $817,485 · program services $398,432 · management and general $386,383 · fundraising $32,670

  • 7 · Other salaries and wages

    total $3,953,306 · program services $2,652,032 · management and general $579,946 · fundraising $721,328

  • 8 · Pension plan contributions

    total $186,356 · program services $147,221 · management and general $3,727 · fundraising $35,408

  • 9 · Other employee benefits

    total $421,743 · program services $303,520 · management and general $67,359 · fundraising $50,864

  • 10 · Payroll taxes

    total $333,944 · program services $219,844 · management and general $60,669 · fundraising $53,431

  • 11b · Fees: legal

    total $2,340 · management and general $2,340

  • 11c · Fees: accounting

    total $85,699 · program services $9,565 · management and general $76,134

  • 11e · Fees: professional fundraising services

    total $414,482 · fundraising $414,482

  • 11f · Fees: investment management

    total $4,865 · program services $3,746 · fundraising $1,119

  • 11g · Fees: other

    total $209,792 · program services $72,403 · management and general $69,836 · fundraising $67,553

  • 12 · Advertising and promotion

    total $47,983 · program services $1,191 · fundraising $46,792

  • 13 · Office expenses

    total $49,121 · program services $30,706 · management and general $8,800 · fundraising $9,615

  • 14 · Information technology

    total $216,658 · program services $140,037 · management and general $76,069 · fundraising $552

  • 16 · Occupancy

    total $473,021 · program services $448,695 · management and general $24,326

  • 17 · Travel

    total $72,938 · program services $56,709 · management and general $12,087 · fundraising $4,142

  • 19 · Conferences, conventions and meetings

    total $6,169 · program services $3,788 · management and general $1,867 · fundraising $514

  • 20 · Interest

    total $8,510 · program services $5,872 · management and general $2,553 · fundraising $85

  • 22 · Depreciation, depletion and amortization

    total $924,245 · program services $637,729 · management and general $277,274 · fundraising $9,242

  • 23 · Insurance

    total $543,258 · program services $401,458 · management and general $137,226 · fundraising $4,574

  • 24a · Other expenses: DIRECT PRORAM EXPENSE

    total $897,403 · program services $897,403

  • 24b · Other expenses: FOOD DISTRIBUTION

    total $399,508 · program services $399,508

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $48,778 · program services $34,748 · management and general $13,682 · fundraising $348

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,135,382 · end of year $10,209,100

  • 2 · Savings and temporary cash investments

    beginning of year $9,326,885 · end of year $9,208,913

  • 3 · Pledges and grants receivable

    beginning of year $1,594,050 · end of year $4,292,420

  • 4 · Accounts receivable

    beginning of year $190,124 · end of year $247,156

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $1,749,130 · end of year $2,246,387

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,200 · end of year $78,343

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

    $13,949,810

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

    $6,856,036

  • 10c · Land, buildings and equipment, net

    beginning of year $6,442,441 · end of year $7,093,774

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $303,133 · end of year $300,944

  • 17 · Accounts payable and accrued expenses

    beginning of year $651,355 · end of year $1,824,784

  • 19 · Deferred revenue

    beginning of year $158,396 · end of year $63,723

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $119,460 · end of year $652,795

  • 27 · Net assets without donor restrictions

    beginning of year $27,255,398 · end of year $29,768,542

  • 28 · Net assets with donor restrictions

    beginning of year $591,736 · end of year $1,367,193

Mission and programs · 2023

Mission

To unite our community in pursuit of equitable, dignified and consistent access to food.

  • Food Distribution: The Lowcountry Food Bank's (LCFB) mission is to lead the fight against hunger in our community. Since 1983, we have been the premier hunger-relief organization in the 10 coastal counties of South Carolina (Beaufort, Berkeley, Charleston, Colleton, Dorchester, Georgetown, Hampton, Horry, Jasper and Williamsburg). In 2023, the LCFB distributed, in partnership with approximately 230 partners, over 42.8 million pounds, including over 18 million pounds of fresh produce to over 200,000 food-insecure children, seniors and families across coastal South Carolina. The Commodity Supplemental Food Program (CSFP) served approximately 3,000 seniors monthly.

    Expenses $80,062,849 · Grants $73,198,242 · Revenue $2,896,717

  • Child and Senior Hunger-Relief Programs: Lowcountry Food Bank reaches children and seniors through multiple programs. Through our BackPack Buddies program, we reached over 3,000 children a week during the school year, distributing more than 105,000 BackPack Buddies bags. We partnered with 38 schools to reach students and their families through either pre-packed boxes or an onsite market, distributing over 106,000 pounds of food. Through our Kids Cafe program, we work with afterschool program partners to provide supper meals and/or snacks to over 900 children daily at 25 sites. During the summer months, we worked with summer camps to distribute over 20,000 meals to 18 sites. Our Fresh for Kids program included 72 Pop-Up Produce events, distributing more than 79,000 pounds of fresh produce to students and their families. The seniors and veterans in our community continued to be fed through our partnerships with Meals on Wheels and other organizations reaching seniors and other homebound adults; more than 141,000 prepared meals were delivered to seniors and 4,600 meals to our veterans.

    Expenses $1,436,286 · Grants $1,436,286 · Revenue $1,021,792

As filed on the 2023 return.

Listed in Part VII

  • Jim Chilton

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Michael Mintz

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • Monica Scott

    Chair

    Total calculated
    $0
    Hours/week
    5

  • Amie Grimes

    Member

    Total calculated
    $0
    Hours/week
    1

  • Bill Trull

    Vice-Chair

    Total calculated
    $0
    Hours/week
    1

  • Byron Benton

    Member

    Total calculated
    $0
    Hours/week
    1

  • Chris Beeker

    Member

    Total calculated
    $0
    Hours/week
    1

  • Diana Ross-Jackson

    Member

    Total calculated
    $0
    Hours/week
    1

  • Erica Taylor

    Member

    Total calculated
    $0
    Hours/week
    1

  • Joel Smith

    Member

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Butler Willis

    Member

    Total calculated
    $0
    Hours/week
    1

  • Lindsey Douglas

    Member

    Total calculated
    $0
    Hours/week
    1

  • Maria Mungo

    Member

    Total calculated
    $0
    Hours/week
    1

  • Mark Crocker

    Member

    Total calculated
    $0
    Hours/week
    1

  • Michael Wilson

    Member

    Total calculated
    $0
    Hours/week
    1

  • Rich White

    Member

    Total calculated
    $0
    Hours/week
    1

  • Stacy Starling

    Member

    Total calculated
    $0
    Hours/week
    1

  • Victoria Smalls

    Member

    Total calculated
    $0
    Hours/week
    1

  • Brenda Shaw

    CDO

    Total calculated
    $163,350
    From this org
    $148,264
    From related orgs
    $0
    Other
    $15,086
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,904
    Bonus
    $6,360
    Other
    $0
    Deferred
    $7,477
    Nontaxable benefits
    $7,609
    Filer's total
    $163,350

  • Denise Hines

    CFO

    Total calculated
    $121,420
    From this org
    $113,369
    From related orgs
    $0
    Other
    $8,051
    Hours/week
    40

  • Jennifer DeWitt

    CPO

    Total calculated
    $120,980
    From this org
    $107,932
    From related orgs
    $0
    Other
    $13,048
    Hours/week
    40

  • Jordan Russo

    COO

    Total calculated
    $146,772
    From this org
    $132,103
    From related orgs
    $0
    Other
    $14,669
    Hours/week
    40

  • Nicholas Osborne

    President & CEO

    Total calculated
    $264,963
    From this org
    $244,337
    From related orgs
    $0
    Other
    $20,626
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,548
    Bonus
    $17,789
    Other
    $0
    Deferred
    $13,017
    Nontaxable benefits
    $7,609
    Filer's total
    $264,963

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 · 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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443189349301644

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

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