Foodshare Inc
- Assets
- $22.5m
- Revenue
- $52.4m
- Investments
- $0.0
- Employees
- 68
- Location
- Bloomfield, CT
- Founding
- 01/1984
- Data as of
- 06/2021
- EIN
- 22-2474771
Organization Overview
Foodshare Inc is located in Bloomfield, CT. The organization was established in 1984. 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 06/2021, Foodshare Inc employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foodshare 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 06/2021, Foodshare Inc generated $52.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $48.9m during the year ending 06/2021. While expenses have increased by 7.0% 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, Foodshare Inc has awarded 23 individual grants totaling $74,145,141. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PAGE 2, LINE 1 FOR MISSION STATEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD COLLECTION AND DISTRIBUTION - DURING THE TWELVE MONTHS ENDED JUNE 30, 2021, FOODSHARE DISTRIBUTED OVER 14 MILLION MEALS TO NEARLY 300 COMMUNITY-BASED PROGRAMS THAT SERVE PEOPLE IN NEED, INCLUDING FOOD PANTRIES, COMMUNITY KITCHENS AND MOBILE FOODSHARE SITES. MORE THAN 119,000 PEOPLE IN GREATER HARTFORD ARE FOOD INSECURE AND MAY SEEK HELP FROM THESE PROGRAMS; 30% OF THOSE AT RISK ARE CHILDREN. WE PARTNER WITH THE FOOD INDUSTRY - RETAILERS, FARMERS, AND MAUFACTURERS - TO RECLAIM SAFE FOOD THAT IS NOT SALABLE AND DISTRIBUTE IT TO LOCAL PROGRAMS THAT SERVE FAMILIES, CHILDREN, SENIORS, AND OTHERS IN NEED. WE FOCUS ON PROVIDING NUTRITIOUS FOOD OPTIONS TO IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE. AN ADDED BENEFIT IS THAT LESS FOOD ENDS UP IN LANDFILLS.
BUILDING SOLUTIONS - IN ADDITION TO DISTRIBUTING FOOD TO MEET IMMEDIATE NEEDS, SOLVING AN ISSUE AS COMPLEX AS HUNGER REQUIRES DIFFERENT PARTS OF OUR COMMUNITY WORKING TOGETHER TOWARDS LONG-TERM SOLUTIONS. FOODSHARE RAISES AWARENESS ABOUT HUNGER TO MOBILIZE COMMUNITY ACTION AND CONDUCTS OUTREACH WITH PARTNER ORGANIZATIONS TO INCREASE THE NUMBER OF ELIGIBLE PEOPLE WHO PARTICIPATE IN FEDERAL NUTRITION PROGRAMS. AND, BECAUSE IT TAKES MORE THAN FOOD TO END HUNGER, WE PLAY A LEADERSHIP ROLE IN COORDINATING A MORE COMPREHENSIVE RESPONSE THAT ALSO ADDRESSES ROOT CAUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Jakubowski President And CEO | Officer | 40 | $245,348 |
Jeff Bartholomay VP & CFO | Officer | 40 | $168,907 |
Christine O'rourke Executive Vice President | Officer | 40 | $166,716 |
Katie Martin Vice President | Officer | 40 | $124,664 |
Beth Henry Chair | OfficerTrustee | 0.5 | $0 |
Pete Sannizzaro Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,116,454 |
| Investment income | $91,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,613 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,446,003 |
| Statement of Expenses | |
|---|---|
| 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. | $794,214 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,632,840 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $925,197 |
| Payroll taxes | $259,610 |
| Fees for services: Management | $114,726 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,479 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $81,231 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,826 |
| Advertising and promotion | $0 |
| Office expenses | $213,296 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $247,859 |
| Travel | $11,336 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,397 |
| Interest | $20,858 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $342,437 |
| Insurance | $74,835 |
| All other expenses | $0 |
| Total functional expenses | $48,885,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,039,741 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $273,948 |
| 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 | $2,563,123 |
| Prepaid expenses and deferred charges | $444,173 |
| Investments—publicly traded securities | $9,329,359 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,505,719 |
| Accounts payable and accrued expenses | $836,168 |
| Grants payable | $0 |
| Deferred revenue | $37,052 |
| 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 | $204,458 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,077,678 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $21,428,041 |
Grants Awarded
Over the last fiscal year, Foodshare Inc has awarded $136,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Windsor, CT PURPOSE: FEEDING AMERICA ANCHOR PANTRY GRANT TO SUPPORT COVID REPONSE | $26,500 |
Vernon, CT PURPOSE: FEEDING AMERICA ANCHOR PANTRY GRANT TO SUPPORT COVID REPONSE | $25,000 |
New Britain, CT PURPOSE: FEEDING AMERICA ANCHOR PANTRY GRANT TO SUPPORT COVID RESPONSE | $25,000 |
ENFIELD FOOD SHELF PURPOSE: FEEDING AMERICA ANCHOR PANTRY GRANT TO SUPPORT COVID RESPONSE | $23,000 |
Silver Spring, MD PURPOSE: FEEDING AMERICA ANCHOR PANTRY GRANT TO SUPPORT COVID RESPONSE | $19,000 |
Silver Spring, MD PURPOSE: FEEDING AMERICA ANCHOR PANTRY GRANT TO SUPPORT COVID REPONSE | $18,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Foodshare Inc has recieved totaling $9,000.
| Awarding Organization | Amount |
|---|---|
Mcdermott Fam Charitable Tr Tolland, CT PURPOSE: FOOD FOR NEEDY | $5,000 |
Chenevert Family Foundation Inc St Petersburg, FL PURPOSE: TO SUPPORT THOSE IN NEED | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connecticut Foodshare Inc Wallingford, CT | $64,587,641 | $98,816,890 |
Foodshare Inc Bloomfield, CT | $22,505,719 | $52,446,003 |
Feedmore Western New York Inc Buffalo, NY | $12,964,755 | $36,110,080 |
Food Bank Of Central New York Syracuse, NY | $20,826,838 | $35,826,283 |
Feeding Westchester Inc Elmsford, NY | $20,334,551 | $33,036,793 |
Regional Food Bank Of N E Ny Inc Latham, NY | $37,973,323 | $34,272,661 |
Rhode Island Community Food Bank Association Providence, RI | $24,835,902 | $26,504,097 |
The Food Bank Of Western Massachusetts Inc Hatfield, MA | $32,478,592 | $28,657,996 |
Worcester County Food Bank Inc Shrewsbury, MA | $18,509,870 | $19,136,564 |
Masbia Of Queens Brooklyn, NY | $208,695 | $6,270,720 |
The Open Door Cape Ann Food Pantry Inc Gloucester, MA | $8,508,042 | $7,338,820 |
Merrimack Valley Food Bank Inc Lowell, MA | $5,091,196 | $5,773,148 |