Coastal Bend Food Bank
- Assets
- $28.1m
- Revenue
- $41.7m
- Investments
- $0.0
- Employees
- 57
- Location
- Corpus Christi, TX
- Founding
- 12/1984
- Data as of
- 08/2021
- EIN
- 74-2234089
Organization Overview
Coastal Bend Food Bank is located in Corpus Christi, TX. 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 08/2021, Coastal Bend Food Bank employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Bend 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 08/2021, Coastal Bend Food Bank generated $41.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $26.6m during the year ending 08/2021. While expenses have increased by 11.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECT AND WAREHOUSE FOOD WHICH HAS BEEN DONATED BY CONCERNED BUSINESSES AND ORGANIZATIONS AND DISTRIBUTE IT TO SOCIAL AGENCIES WHICH FEED THE NEEDY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOOD BANK PROVIDES FOOD TO MORE THAN 135 PARTNER AGENCIES WHO SERVED 8,660,853 MEALS TO FAMILIES THROUGHOUT THE ELEVEN COUNTY AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beatriz Hanson Executive Direc | Officer | 40 | $117,370 |
Bronwyn Moench Board Member | Trustee | 5 | $0 |
Carol Houston Board Member | Trustee | 5 | $0 |
Matthew Manning Board Member | Trustee | 5 | $0 |
Robert Cagle President-Elect | Trustee | 5 | $0 |
Greg Hatton Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,735,662 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,086,702 |
| Noncash contributions included in lines 1a–1f | $22,039,066 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,822,364 |
| Total Program Service Revenue | $900,720 |
| Investment income | $466,933 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $160,986 |
| Net Income from Fundraising Events | $384,721 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,735,724 |
| 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. | $117,370 |
| Compensation of current officers, directors, key employees. | $82,159 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,139,981 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $85,234 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,477 |
| Office expenses | $27,763 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $696 |
| 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 | $204,978 |
| Insurance | $323,900 |
| All other expenses | $370,189 |
| Total functional expenses | $26,636,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $561,326 |
| Savings and temporary cash investments | $1,368,377 |
| Pledges and grants receivable | $2,923,242 |
| Accounts receivable, net | $23,864 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,421,183 |
| Prepaid expenses and deferred charges | $50 |
| Net Land, buildings, and equipment | $2,857,002 |
| Investments—publicly traded securities | $17,795,203 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $101,326 |
| Total assets | $28,051,573 |
| Accounts payable and accrued expenses | $50,042 |
| Grants payable | $0 |
| Deferred revenue | $28,977 |
| 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 | $2 |
| Total liabilities | $79,021 |
| Net assets without donor restrictions | $19,964,241 |
| Net assets with donor restrictions | $8,008,311 |
| 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 | $28,051,573 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Coastal Bend Food Bank has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Beaumont Foundation Of America Beaumont, TX | | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tarrant Area Food Bank Fort Worth, TX | $50,743,185 | $143,106,183 |
Central Texas Food Bank Inc Austin, TX | $84,022,611 | $143,237,011 |
Roadrunner Food Bank Inc Albuquerque, NM | $51,163,005 | $120,843,441 |
Regional Food Bank Of Oklahoma Oklahoma City, OK | $36,553,416 | $95,465,627 |
Community Food Bank Of Eastern Oklahoma Inc Tulsa, OK | $69,259,421 | $97,549,817 |
Food Bank Of The Rio Grande Valley Inc McAllen, TX | $25,577,096 | $58,037,752 |
Regional East Texas Food Bank Tyler, TX | $32,550,822 | $58,808,251 |
Greater Baton Rouge Food Bank Inc Baton Rouge, LA | $22,656,649 | $36,802,762 |
Montgomery County Food Bank Inc Conroe, TX | $14,255,524 | $35,807,870 |
Community Food Bank Fort Worth, TX | $2,422,888 | $29,642,278 |
Coastal Bend Food Bank Corpus Christi, TX | $28,051,573 | $41,735,724 |
Northwest Arkansas Food Bank Bethel Heights, AR | $9,867,832 | $24,502,827 |