Chattanooga Area Food Bank Inc
- Assets
- $15.7m
- Revenue
- $33.9m
- Investments
- $0.0
- Employees
- 67
- Location
- Chattanooga, TN
- Founding
- 02/1973
- Data as of
- 06/2023
- EIN
- 62-0867645
Organization Overview
Chattanooga Area Food Bank Inc is located in Chattanooga, TN. The organization was established in 1973. 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 06/2023, Chattanooga Area Food Bank Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chattanooga Area 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 06/2023, Chattanooga Area Food Bank Inc generated $33.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $32.8m during the year ending 06/2023. While expenses have increased by 1.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO LEAD A NETWORK OF PARTNERS IN ELIMINATING HUNGER AND PROMOTING BETTER NUTRITION IN OUR REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE CONSISTS OF FOOD DISTRIBUTION TO ELIMINATE HUNGER AND PROMOTE BETTER NUTRITION. VARIOUS ACTIVITIES WITHIN THE PROGRAM INCLUDE LEADING A MORE THAN 300 MEMBER NETWORK OF PARTNER AGENCIES, PROVIDING SUPPLEMENTAL FOOD TO CHILDREN AND SENIORS AT RISK, AND PROVIDING EMERGENCY FOOD TO INDIVIDUALS AND FAMILIES EXPERIENCING FINANCIAL HARDSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Cookston Chairman | OfficerTrustee | 2 | $0 |
Jennifer Mcintyre Vice Chairman | OfficerTrustee | 2 | $0 |
James Cantazaro Jr Secretary | OfficerTrustee | 2 | $0 |
Phil Harris Treasurer | OfficerTrustee | 2 | $0 |
Mercedes Bartow Board Member | Trustee | 2 | $0 |
Celeste Bandy Weaver Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,704,760 |
| Related organizations | $0 |
| Government grants | $4,603,153 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,315,410 |
| Noncash contributions included in lines 1a–1f | $23,096,182 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,623,323 |
| Total Program Service Revenue | $3,231,993 |
| Investment income | $104,890 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,160 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,949,925 |
| 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. | $238,970 |
| Compensation of current officers, directors, key employees. | $23,897 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,156,632 |
| Pension plan accruals and contributions | $27,888 |
| Other employee benefits | $241,974 |
| Payroll taxes | $173,258 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,463 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $298,627 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,919 |
| Advertising and promotion | $36,546 |
| Office expenses | $71,290 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $190,506 |
| Travel | $21,649 |
| 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 | $436,142 |
| Insurance | $134,403 |
| All other expenses | $191,006 |
| Total functional expenses | $32,780,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34 |
| Savings and temporary cash investments | $6,313,974 |
| Pledges and grants receivable | $491,871 |
| Accounts receivable, net | $202,291 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,699,106 |
| Prepaid expenses and deferred charges | $201,706 |
| Net Land, buildings, and equipment | $4,709,599 |
| Investments—publicly traded securities | $2,061,552 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,680,133 |
| Accounts payable and accrued expenses | $736,511 |
| 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 | $736,511 |
| Net assets without donor restrictions | $13,320,053 |
| Net assets with donor restrictions | $1,623,569 |
| 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 | $15,680,133 |
Grants Awarded
Over the last fiscal year, Chattanooga Area Food Bank Inc has awarded $17,350 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HELPING HANDS ENDING HUNGER PURPOSE: TO PURCHASE CAPITAL ITEMS AND EXPAND PROGRAMS. | $10,350 |
JOYFULL SOUND PURPOSE: TO PURCHASE EQUIPMENT. | $3,500 |
VALLEY VIEW STORE HOUSE PURPOSE: TO PURCHASE EQUIPMENT. | $3,500 |