Augusta Food Bank
- Assets
- $1.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 3
- Location
- Augusta, ME
- Founding
- 07/2003
- Data as of
- 12/2021
- EIN
- 01-0545734
Organization Overview
Augusta Food Bank is located in Augusta, ME. The organization was established in 2003. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Augusta Food Bank employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Augusta Food Bank 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 12/2021, Augusta Food Bank generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.9% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 46.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FEEDING THE HUNGRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED OVER 875,000 POUNDS OF FOOD WITH OVER 650,000 MEALS SERVED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Moore Executive Director | Officer | 40 | $77,690 |
Rebecca Lamey President | OfficerTrustee | 2 | $0 |
John B Thompson Treasurer | OfficerTrustee | 3 | $0 |
Jen Bechard Vice President | OfficerTrustee | 1 | $0 |
Connie Packard Asst Treasurer | OfficerTrustee | 1 | $0 |
Heather Dubord Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $35,500 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,805,269 |
| Noncash contributions included in lines 1a–1f | $1,432,595 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,840,769 |
| Total Program Service Revenue | $0 |
| Investment income | $1,683 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $600 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,872,352 |
| 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. | $77,690 |
| Compensation of current officers, directors, key employees. | $11,654 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,850 |
| Pension plan accruals and contributions | $4,161 |
| Other employee benefits | $31,928 |
| Payroll taxes | $11,587 |
| 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 | $1,170 |
| Office expenses | $8,622 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,415 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,388 |
| Insurance | $9,236 |
| All other expenses | $4,498 |
| Total functional expenses | $1,747,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,265 |
| Savings and temporary cash investments | $454,470 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $748,781 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,219,516 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,219,516 |
| 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 | $1,219,516 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Augusta Food Bank has recieved totaling $109,286.
| Awarding Organization | Amount |
|---|---|
United Way Of Kennebec Valley Augusta, ME PURPOSE: FOOD BANK SERVICES | $35,500 |
Elmina B Sewall Foundation Freeport, ME PURPOSE: GENERAL OPERATING SUPPORT | $27,500 |
Elsie & William Viles Foundation Augusta, ME PURPOSE: WEEKEND KIDSPACK PROGRAM | $18,000 |
John T Gorman Foundation Portland, ME PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT | $15,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $7,440 |
Oak Grove School East Vassalboro, ME PURPOSE: CHILDREN'S FOOD PROGRAM | $3,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Augusta Food Bank Augusta, ME | $1,219,516 | $1,872,352 |
Share Outreach Incorporated Milford, NH | $2,894,736 | $1,574,463 |
South Portland Food Cupboard South Portland, ME | $613,838 | $1,526,393 |
Youth Full Maine Biddeford, ME | $104,308 | $615,024 |
Bar Harbor Food Pantry Bar Harbor, ME | $856,007 | $511,439 |
Lakes Region Food Pantry Moultonborough, NH | $684,592 | $457,691 |
Area Churches Working Together Colebrook, NH | $62,341 | $206,408 |
Falmouth Food Pantry Inc Falmouth, ME | $233,083 | $244,528 |
Veggies To Table Newcastle, ME | $189,091 | $0 |
Loudon Food Pantry Loudon, NH | $140,937 | $217,243 |
The Rindge Food Pantry Rindge, NH | $58,513 | $165,980 |
Loaves And Fishes Food Pantry Ellsworth, ME | $1,154,240 | $256,177 |