Lowcountry Food Bank Inc
- Assets
- $24.2m
- Revenue
- $78.5m
- Investments
- $0.0
- Employees
- 96
- Location
- Charleston, SC
- Founding
- 07/1984
- Data as of
- 12/2020
- EIN
- 57-0751835
Organization Overview
Lowcountry Food Bank Inc is located in Charleston, SC. The organization was established in 1984. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Lowcountry Food Bank Inc employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lowcountry Food Bank 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 12/2020, Lowcountry Food Bank Inc generated $78.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $69.4m during the year ending 12/2020. While expenses have increased by 6.9% per year over the past 6 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 2016, Lowcountry Food Bank Inc has awarded 1,687 individual grants totaling $293,688,599. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE LOWCOUNTRY FOOD BANK IS TO LEAD THE FIGHT AGAINST HUNGER IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 2021, THE LCFB DISTRIBUTED, IN PARTNERSHIP WITH APPROXIMATELY 300 PARTNER, OVER 40.7 MILLION POUNDS, INCLUDING OVER 15.1 MILLION POUNDS OF FRESH PRODUCE TO OVER 200,200 FOOD-INSECURE CHILDREN, SENIORS AND FAMILIES ACROSS COASTAL SOUTH CAROLINA. THE COMMODITY SUPPLEMENTAL FOOD PROGRAM (CSFP) SERVED MORE THAN 2,200 SENIORS MONTHLY.
CHILD AND SENIOR HUNGER-RELIEF PROGRAMS: MOST OF OUR CHILD HUNGER PARTNERS WERE BACK UP AND RUNNING AFTER THE CHAOS OF 2020. THROUGH OUR BACKPACK BUDDIES PROGRAM, WE REACHED OVER 3,800 CHILDREN A WEEK DURING THE SCHOOL YEAR, DISTRIBUTING MORE THAN 130,000 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 35,000 POUNDS OF FOOD. THROUGH OUR KIDS CAF PROGRAM, WE WORK WITH AFTERSCHOOL PROGRAM PARTNERS TO PROVIDE SUPPER MEALS AND/OR SNACKS TO OVER 469 CHILDREN DAILY AT 16 SITES. DURING THE SUMMER MONTHS, WE WORKED WITH SUMMER CAMPS TO DISTRIBUTED OVER 21,000 MEALS TO 17 SITES. OUR FRESH FOR KIDS PROGRAM INCLUDED 80 POP-UP PRODUCE EVENTS, DISTRIBUTING MORE THAN 87,000 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 135,000 PREPARED MEALS DELIVERED TO SENIORS AND 7,000 MEALS TO OUR VETERANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Osborne President & CEO | Officer | 40 | $203,177 |
Felicia Houston Chief Financial Officer | Officer | 40 | $129,634 |
Brenda Shaw Chief Development Officer | Officer | 40 | $128,079 |
Jordan Russo Chief Operating Officer | Officer | 40 | $55,806 |
Amie Grimes Treasurer | OfficerTrustee | 5 | $0 |
Monica Scott Chairman | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $64,952 |
| Membership dues | $0 |
| Fundraising events | $1,299,987 |
| Related organizations | $0 |
| Government grants | $1,282,658 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,335,771 |
| Noncash contributions included in lines 1a–1f | $56,861,072 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,983,368 |
| Total Program Service Revenue | $2,362,651 |
| Investment income | $23,087 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,731 |
| Net Gain/Loss on Asset Sales | $6,000 |
| Net Income from Fundraising Events | $43,088 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,517,842 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $54,027,344 |
| 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. | $590,460 |
| Compensation of current officers, directors, key employees. | $60,655 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,064,429 |
| Pension plan accruals and contributions | $120,849 |
| Other employee benefits | $433,400 |
| Payroll taxes | $257,483 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,238 |
| Fees for services: Accounting | $39,074 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $512,226 |
| Fees for services: Investment Management | $5,532 |
| Fees for services: Other | $225,932 |
| Advertising and promotion | $27,245 |
| Office expenses | $151,466 |
| Information technology | $185,102 |
| Royalties | $0 |
| Occupancy | $345,305 |
| Travel | $44,201 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,716 |
| Interest | $50,760 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $808,986 |
| Insurance | $228,491 |
| All other expenses | $0 |
| Total functional expenses | $69,439,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,030,692 |
| Savings and temporary cash investments | $1,946,455 |
| Pledges and grants receivable | $609,786 |
| Accounts receivable, net | $142,522 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,240,717 |
| Prepaid expenses and deferred charges | $23,008 |
| Net Land, buildings, and equipment | $6,912,356 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,326,780 |
| Total assets | $24,232,316 |
| Accounts payable and accrued expenses | $718,141 |
| Grants payable | $0 |
| Deferred revenue | $492,027 |
| 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 | $3,085,860 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,133 |
| Total liabilities | $4,299,161 |
| Net assets without donor restrictions | $18,879,181 |
| Net assets with donor restrictions | $1,053,974 |
| 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 | $24,232,316 |
Grants Awarded
Over the last fiscal year, Lowcountry Food Bank Inc has awarded $62,559,634 in support to 260 organizations.
| Grant Recipient | Amount |
|---|---|
PUBLIC DISTRIBUTION PURPOSE: DISTRIBUTION OF FOOD AND GROCERY PRODUCTS | $5,261,817 |
Hilton Head Island, SC PURPOSE: DISTRIBUTION OF FOOD AND GROCERY PRODUCTS | $3,624,348 |
Moncks Corner, SC PURPOSE: DISTRIBUTION OF FOOD AND GROCERY PRODUCTS | $2,149,185 |
Nashville, TN PURPOSE: DISTRIBUTION OF FOOD AND GROCERY PRODUCTS | $1,694,648 |
TABERNACLE OF MEETINGS PURPOSE: DISTRIBUTION OF FOOD AND GROCERY PRODUCTS | $1,525,932 |
TRUE FAITH HOLINESS CHURCH PURPOSE: DISTRIBUTION OF FOOD AND GROCERY PRODUCTS | $1,404,637 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lowcountry Food Bank Inc has recieved totaling $28,071.
| Awarding Organization | Amount |
|---|---|
Island Farm Foundation Charleston, SC PURPOSE: SUPPORT FOR FEEDING NEEDY FAMILIES THROUGHOUT SOUTH CAROLINA | $20,000 |
Heritage Classic Foundation Hilton Head Island, SC PURPOSE: GENERAL FUND | $7,071 |
Lucey Charitable Foundation Inc Mount Pleasant, SC PURPOSE: MEALS FOR THE NEEDS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lowcountry Food Bank Inc Charleston, SC | $24,232,316 | $78,517,842 |
Self-Help Services Corp Durham, NC | $8,574,851 | $67,460,504 |
Reinvestment Partners Durham, NC | $12,338,640 | $8,350,193 |
Star C Corporation Marietta, GA | $534,124 | $5,554,127 |
Sandhills Community Action Program Inc Southern Pines, NC | $2,226,446 | $4,141,015 |
Urban Ministries Of Durham Inc Durham, NC | $4,630,944 | $4,348,989 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Augusta, GA | $19,176,183 | $4,332,479 |
Building Owners And Managers Association Of Georgia Inc Atlanta, GA | $6,158,868 | $2,015,601 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe North Charleston, SC | $1,767,644 | $1,789,367 |
Downtown Durham Inc Durham, NC | $1,600,844 | $1,586,578 |
Downtown Greensboro Inc Greensboro, NC | $1,416,640 | $1,599,630 |
Community Guilds Inc Decatur, GA | $1,303,701 | $1,778,793 |