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← FOOD BANK OF THE ALBEMARLE

Form 990 for tax year 2023

Filed by FOOD BANK OF THE ALBEMARLE.

Totals

Total revenue
$17,699,839
Total expenses
$17,336,051
Contributions and grants received
$16,621,740
Grants paid
$387,538
Program service revenue
$677,044
Investment income
$400,070
Other revenue
$985
Total assets, end of year
$11,132,574
Total liabilities, end of year
$574,855
Net assets or fund balances, end of year
$10,557,719
Program services expenses (Part IX)
$16,450,098
Management and general expenses
$358,443
Fundraising expenses
$527,510
Program service expenses (Part III)
$16,450,098

Program services were 94.9% 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.

  • 1e · Government grants (contributions)

    $6,922,913

  • 1f · All other contributions, gifts and grants

    $9,698,827

  • 1g · Noncash contributions included above

    $11,232,839

  • 2a · Program service revenue: AGENCY FOOD PURCHASES

    total $296,903 · excluded $296,903

  • 2b · Program service revenue: DELIVERY FEES

    total $284,920 · excluded $284,920

  • 2c · Program service revenue: MISCELLANEOUS INCOME

    total $51,301 · excluded $51,301

  • 2d · Program service revenue: AGENCY SHARED CONTRIBUTION FE

    total $43,920 · excluded $43,920

  • 3 · Investment income

    total $393,036 · excluded $393,036

  • 7a · Gross sales of assets other than inventory

    other assets $9,250

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

    other assets $2,216

  • 7c · Gain or loss

    other assets $7,034

  • 7d · Net gain or loss

    total $7,034 · related or exempt $7,034

  • 11a · Other revenue: INSURANCE CLAIM RECOVERY

    total $985 · excluded $985

  • 11e · Other revenue, total

    $985

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $387,538 · program services $387,538

  • 5 · Compensation of officers, directors and key employees

    total $97,790 · management and general $97,790

  • 7 · Other salaries and wages

    total $1,499,955 · program services $1,218,622 · management and general $61,199 · fundraising $220,134

  • 9 · Other employee benefits

    total $228,872 · program services $184,201 · management and general $10,099 · fundraising $34,572

  • 10 · Payroll taxes

    total $123,755 · program services $94,390 · management and general $12,314 · fundraising $17,051

  • 11c · Fees: accounting

    total $100,377 · program services $32,698 · management and general $61,772 · fundraising $5,907

  • 11e · Fees: professional fundraising services

    total $106,623 · fundraising $106,623

  • 11g · Fees: other

    total $13,753 · program services $13,753

  • 12 · Advertising and promotion

    total $19,961 · management and general $19,961

  • 13 · Office expenses

    total $61,702 · program services $38,274 · management and general $3,239 · fundraising $20,189

  • 16 · Occupancy

    total $190,785 · program services $173,903 · management and general $8,441 · fundraising $8,441

  • 19 · Conferences, conventions and meetings

    total $28,821 · program services $4,035 · management and general $23,345 · fundraising $1,441

  • 20 · Interest

    total $12,508 · management and general $12,508

  • 22 · Depreciation, depletion and amortization

    total $298,780 · program services $298,780

  • 23 · Insurance

    total $87,324 · program services $80,648 · management and general $4,456 · fundraising $2,220

  • 24a · Other expenses: DONATED FOOD DISTRIBUTED

    total $7,379,513 · program services $7,379,513

  • 24b · Other expenses: USDA COMMODITIES DISTRIB

    total $3,088,803 · program services $3,088,803

  • 24c · Other expenses: SNAP FOOD PURCHASED/DISTR

    total $2,160,763 · program services $2,160,763

  • 24d · Other expenses: TRANSPORTATION & FREIGHT

    total $394,077 · program services $394,077

  • 24e · All other expenses

    total $1,054,351 · program services $900,100 · management and general $43,319 · fundraising $110,932

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,263,212 · end of year $868,343

  • 2 · Savings and temporary cash investments

    beginning of year $90,686 · end of year $963,422

  • 3 · Pledges and grants receivable

    beginning of year $78,418 · end of year $373,708

  • 4 · Accounts receivable

    beginning of year $9,063 · end of year $53,180

  • 8 · Inventories for sale or use

    beginning of year $651,561 · end of year $983,696

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

    $6,646,893

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

    $1,420,837

  • 10c · Land, buildings and equipment, net

    beginning of year $5,329,352 · end of year $5,226,056

  • 11 · Investments: publicly traded securities

    beginning of year $1,928,183 · end of year $2,246,860

  • 15 · Other assets

    beginning of year $2,967 · end of year $417,309

  • 17 · Accounts payable and accrued expenses

    beginning of year $127,135 · end of year $154,859

  • 24 · Unsecured notes and loans payable

    end of year $419,996

  • 25 · Other liabilities

    beginning of year $32,376

  • 27 · Net assets without donor restrictions

    beginning of year $9,739,581 · end of year $10,407,348

  • 28 · Net assets with donor restrictions

    beginning of year $454,350 · end of year $150,371

Mission and programs · 2023

Mission

TO FIGHT HUNGER AND POVERTY IN NORTHEASTERN NORTH CAROLINA.

  • SINCE INCEPTION IN 1982, THE FOOD BANK OF THE ALBEMARLE HAS DISTRIBUTED MORE THAN 119 MILLION POUNDS OF FOOD. THE FOOD BANK OF THE ALBEMARLE SERVES AS THE CENERAL FOOD SOURCING AND DISTRIBUTION CENTER TO MORE THAN 111 HUNGER RELIEF PARTNERS OPERATING 145 PROGRAMS PROVIDING FOOD ASSISTANCE BENEFIT TO THE HUNGRY IN 15 COUNTIES THROUGHOUT NORTHEASTERN NORTH CAROLINA. OUR REGION EMCOMPASSES MORE THAN 9,100 SQUARE MILES WITH MOST OF OUR COMMUNITIES IN RURAL UNDERSERVED LOCATIONS WITH HIGH FOOD INSECURITY. THEREFORE TO ENSURE THAT THOSE IN NEED RECEIVE FOOD, WE DELIVER TO THE MOST REMOTE LOCATIONS EVERY MONTH. THE COUNTIES THE FOOD BANK OF THE ALBEMARLE SERVES ARE: BERITE, BEAUFORT, CAMDEN, CHOWAN, CURRITUCK, DARE, GATES, HERTFORD, HYDE, MARTIN, NORTHAMPTON, PASQUOTANK, PERQUIMANS, TYRRELL AND WASHINGTON COUNTY. THESE DIVERSE COMMUNITIES ALSO HAVE DIVERSE NEEDS. THE COMMON ISSUE IS LACK OF AFFORDABLE HOUSING, LACK OF PUBLIC TRANSPORTATION AND STAGNANT WAGE GROWTH ARE PERVASIVE, RESULTING IN A GROWING NEED FOR FOOD FOR OVER 43,000 PEOPLE LIVING THROUGHOUT OUR REGION. IN NENC, 1 IN 7 PEOPLE AND 1 IN 4 CHILDREN LIVE WITH FOOD INSECURITY. FOOD DISTRIBUTION: IN FY 23/24, FOOD BANK OF THE ALBEMARLE DISTRIBUTED 3,823,143 POUNDS OF DONATED FOOD EQUIVALENT TO 2.5 MILLION MEALS VALUED AT 1.97 PER POUND EQUAL TO 7,531,592. THE VALUE IS DETERMINED ANNUALLY BY FEEDING AMERICA, THE NATIONAL NETWORK OF FOOD BANKS. THIS UNPRESIDENTED YEAR MARKED ALL TIME HIGHS IN FOOD DISTRIBUTION EFFORTS. WITH GROWING NUMBERS OF HOUSEHOLDS TURNING TO FOOD BANK OF THE ALBEMARLE AND OUR HUNGER RELIEF PARTNERS, FOOD BANK OF THE ALBEMARLE WORKED TO STRETCH EVERY AVAILABLE RESOURCE TO SOURCE MORE FOOD, AND EXPAND ACCESS FOR FAMILIES LIVING IN RURAL AREAS WHERE LITTLE OR NO ACCESS TO EMERGENCY FOOD SUPPORT. FOOD BANK OF THE ALBEMARLE RECOGNIZES THAT NUTRITIOUS FOOD IS ESSENTIAL TO THE OVERALL HEALTH AND WELL BEING AND WORKS DILIGENTLY TO SOURCE NUTRITIONALLY DENSE FOOD THAT CAN BE DISTRIBUTED TO OUR HUNGER RELIEF PARTNERS. WE ARE FOCUSED ON PROVIDING FRESH FRUITS AND VEGETABLES, LEAN PROTEINS AND WHOLE GRAINS. FOOD BANK OF THE ALBEMARLE PARTNERS WITH OVER 100 HUNGER RELIEF PARTNERS TO DISTRIBUTE FOOD, INCLUDING FOOD PANTRIES, SHELTERS, COMMUNITY PROGRAMS, MOBILE DISTRIBUTIONS, CHURCH MINISTRIES OFFERING EMERGENCY FOOD ASSISTANCE FOR NENC RESIDENTS STRUGGLING WITH FOOD INSECURITY - INCLUDING CHILDREN, FAMILIES, SENIORS, VETERANS, DISABLED PERSONS AND WORKING POOR.

    Expenses $7,379,513 · Revenue $7,992,889

  • USDA COMMODITY PROGRAM, THE EMERGENCY FOOD ASSISTANCE PROGRAM (TEFAP), ADMINISTERED BY THE FOOD BANK DISTRIBUTED 1,540,630 POUNDS OF TEFAP FOOD TO MORE THAN 9,000 HOUSEHOLDS EACH MONTH IN 15 COUNTIES IN NORTHEASTERN NORTH CAROLINA COMPRISED OF BERTIE, BEAUFORT, CAMDEN, CHOWAN, CURRITUCK, DARE, GATES, HERTFORD, HYDE, MARTIN, PASQUOTANK, PERQUIMANS, AND TYRRELL COUNTIES. THE USDA COMMODITY PROGRAM - COMMODITY SUPPLEMENTAL FOOD PROGRAM (CSFP) ADMINISTERED BY THE FOOD BANK DISTRIBUTED 1,172,350 POUNDS OF CSFP FOOD TO AN AVERAGE OF 2,800 SENIOR HOUSEHOLDS IN 15 COUNTIES IN NORTHEAST NORTH CAROLINA COMPRISED OF BERTIE, BEAUFORT, CAMDEN, CHOWAN, CURRITUCK, DARE, GATES, HERTFORD, MARTIN, NORTHHAMPTON, PASQUOTANK, PERQUIMANS, TYRRELL AND WASHINGTON.

    Expenses $3,088,803 · Revenue $3,239,950

  • THE FOOD BANK OF THE ALBEMARLE PURCHASED 3,228,495 POUNDS OF NUTRITIOUS FOOD, EQUIVALENT TO 2,690,412 MEALS FOR FAMILIES, SENIORS, AND VETERANS THAT DEPEND ON THE 136 HUNGER RELIEF PROGRAMS PROVIDING FOOD ASSISTANCE.

    Expenses $2,160,763 · Revenue $1,000,000

  • ALL OTHER ACCOMPLISHMENTS THE REMAINING ALLOCATION AND PROGRAM SERVICE EXPENSES WERE INCURRED TO DISTRIBUTE DONATED AND PURCHASED FOOD AND SUPPORT THE OPERATIONS OF THE FOOD BANK AND FOOD PANTRY.

    Expenses $3,821,019 · Grants $387,538

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Elizabeth Reasoner

    EXECUTIVE DI

    Total calculated
    $97,790
    From this org
    $97,790
    From related orgs
    $0
    Other
    $0
    Hours/week
    55

  • Kahla Hall

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3.2

  • Jennifer Purcell

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    3.2

  • Wanda Carter

    SECRETARY

    Total calculated
    $0
    Hours/week
    3.2

  • Doug Gardner

    TREASURER

    Total calculated
    $0
    Hours/week
    3.2

  • Debra Perkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3.2

  • Will Meiggs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3.2

  • Wanda Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3.2

  • Jason Wheelbarger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3.2

  • M Peebles Harrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3.2

  • Amy Alcocer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3.2

  • Deborah Malenfant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3.2

  • Rosemary L Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3.2

  • Christie Hamilton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3.2

  • Oliver Holley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3.2

  • David Gariss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3.2

  • Dj Kophazy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3.2

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501349349301345

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