Food Bank For Monterey County
- Assets
- $30.0m
- Revenue
- $53.5m
- Investments
- $0.0
- Employees
- 42
- Location
- Salinas, CA
- Founding
- 02/1996
- Data as of
- 06/2021
- EIN
- 77-0270228
Organization Overview
Food Bank For Monterey County is located in Salinas, CA. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2021, Food Bank For Monterey County employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2021, Food Bank For Monterey County generated $53.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $45.0m during the year ending 06/2021. While expenses have increased by 22.7% 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 DISTRIBUTE FOOD TO ALLEVIATE HUNGER, PROVIDE EMERGENCY FOOD SERVICES DURING A NATURAL DISASTER, AND CONDUCT EDUCATIONAL AWARENESS PROGRAMS RELATING TO HUNGER ISSUES IN MONTEREY COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERGENCY FOOD ASSISTANCE PROGRAM (EFAP) - THIS PROGRAM DISTRIBUTES USDA FOOD COMMODITIES AT 62 SITES THROUGHOUT MONTEREY COUNTY ON A WEEKLY BASIS TO FAMILIES IN NEED. ON AVERAGE, THIS ONE PROGRAM ALONE SERVES 50,500 HOUSEHOLDS PER MONTH, WITH A TOTAL OF 24.8 MILLION POUNDS OF FOOD ANNUALLY.
AGENCY CLEARINGHOUSE PROGRAM - THIS IS A NETWORK OF APPROXIMATELY 104 MONTEREY COUNTY NON-PROFIT AGENCIES THAT RELY ON THE FOOD BANK AS THEIR PRIMARY FOOD RESOURCE TO PROVIDE FOOD ASSISTANCE THAT SERVE THE ELDERLY, CHRONICALLY ILL, HOMELESS, UNEMPLOYED, AND WORKING POOR. THE AGENCIES SERVED 89,600 HOUSEHOLDS WITH 2,700,000 POUNDS OF FOOD.
FAMILY MARKET - THIS IS THE FOOD BANK'S DIRECT FOOD DISTRIBUTION PROGRAM AND OPERATES LIKE A FARMER'S MARKET. FOOD DISTRIBUTED CONSISTS OF FRESH, LOCALLY GROWN PRODUCE AND OTHER PRODUCE FROM THE STATE OF CALIFORNIA. IT IS TO HELP WITH THE GROWING HEALTH CONCERNS AMONG THE POPULATION SERVED, SPECIFICALLY DIABETES AND OBESITY. THERE ARE NOW A TOTAL OF 10 SITES COUNTYWIDE THAT EACH SERVE BETWEEN 200-400 PEOPLE WITH EACH HOUSEHOLD RECEIVING APPROXIMATELY 50-100 POUNDS OF FOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Kendrick Executive Dir. | Officer | 40 | $178,944 |
Cathleen Montero CFO | Officer | 40 | $111,706 |
Laura Bowling Vice President | OfficerTrustee | 1 | $0 |
Molly Mcgee Secretary | OfficerTrustee | 1 | $0 |
Susan Spiegel Chairman | OfficerTrustee | 1 | $0 |
Bill Kirmil Jr Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,720,370 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,348,573 |
| Noncash contributions included in lines 1a–1f | $9,364,156 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,068,943 |
| Total Program Service Revenue | $125,985 |
| Investment income | $6,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $279,238 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,481,043 |
| 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. | $287,674 |
| Compensation of current officers, directors, key employees. | $255,420 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,527,645 |
| Pension plan accruals and contributions | $26,414 |
| Other employee benefits | $357,092 |
| Payroll taxes | $125,391 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,991 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $128,423 |
| Advertising and promotion | $0 |
| Office expenses | $307,116 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $191,729 |
| Travel | $5,510 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,448 |
| Interest | $342,524 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $540,717 |
| Insurance | $0 |
| All other expenses | $88,349 |
| Total functional expenses | $45,029,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,779,252 |
| Savings and temporary cash investments | $7,798,644 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $431,391 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,532,476 |
| Prepaid expenses and deferred charges | $1,144,106 |
| Net Land, buildings, and equipment | $12,027,184 |
| Investments—publicly traded securities | $229,828 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,045 |
| Total assets | $29,958,926 |
| Accounts payable and accrued expenses | $135,445 |
| 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 | $7,121,403 |
| Total liabilities | $7,256,848 |
| Net assets without donor restrictions | $22,420,181 |
| Net assets with donor restrictions | $281,897 |
| 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 | $29,958,926 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Food Bank For Monterey County has recieved totaling $1,210,326.
| Awarding Organization | Amount |
|---|---|
Cal Foods Logistics Pleasant Hill, CA PURPOSE: SUPPLY FOOD AND SUPPLIES | $932,073 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $100,955 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $33,798 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Research Foundation Inc San Diego, CA | $20,745,009 | $77,081,989 |
Terros Inc Phoenix, AZ | $36,978,227 | $74,385,953 |
Gallo Employee Benefit Trust Modesto, CA | $3,816,045 | $57,763,376 |
Calstart Inc Pasadena, CA | $26,444,520 | $59,004,549 |
Independent Order Of Odd Fellows Saratoga, CA | $253,902,189 | $55,394,798 |
Koret Foundation San Francisco, CA | $480,968,397 | $33,060,922 |
Lake Elsinore Schools Financing Authority Lake Elsinore, CA | $41,193 | $33,828,700 |
Food Bank For Monterey County Salinas, CA | $29,958,926 | $53,481,043 |
Turning Point Usa Inc Phoenix, AZ | $7,306,560 | $39,843,289 |
Central City Community Health Center Monterey Park, CA | $35,317,348 | $43,383,311 |
South Coast Childrens Society Inc Mission Viejo, CA | $13,079,672 | $36,080,016 |
Arizona Behavioral Health Corporation Phoenix, AZ | $18,834,586 | $34,244,205 |